The Rise of Smart Motion: Key Trends in North America's Servo Market
The North American market for servo motors and drives is set for significant growth, driven by industrial modernization, the rise of smart factories, and key technological advancements.
Market Size and Growth Forecast
Metric
2024 Value
2031 Projected Value
CAGR (2024–2031)
Market Size
US$3,432.82 million
US$4,582.40 million
4.2%
The steady 4.2% CAGR is...
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