Motion Control Drive Market Survey On Emerging Opportunities

According to a new market report published by Transparency Market Research titled ‘Motion Control Drive Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global motion control drive market is expected to reach US$ 11,681.10 Mn in 2026, expanding at a CAGR of 6.9% from 2018 to 2026. According to the report, the global motion control drive market is expected to be continued to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand for motion control drives, with the market in the region expanding at a CAGR of 7.2% during the forecast period.

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Advancements and Rapid Growth in Industry Automation are Driving the Global Motion Control Drive Market

The demand for motion control drives is directly reliant on the rise in process automation in multiple industries, such as electronics and assembly, medical, machine tools, and more, as is impacts on the productivity. Ease of use and integration of motion control drives and rise in the use of IIoT solutions have increased demand for motion control drives, thereby offering attractive opportunities to the global motion control drives market.

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