New York, June 23, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Motors and Drives Services Market 2020-2024" - https://www.reportlinker.com/p04188504/?utm_source=GNW
Our reports on motors and drives services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for servo motors and brushless motors and increased outsourcing of service and maintenance operations. In addition, increasing demand for servo motors and brushless motors is anticipated to boost the growth of the market as well.
The motors and drives services market analysis includes product segment and geographic landscapes
The motors and drives services market is segmented as below:
By Product
• Motors
• Drives
By Geographic Landscapes
• APAC
• Europe
• North America
• South America
• MEA
This study identifies the focus on increasing energy efficiency in industries as one of the prime reasons driving the motors and drives services market growth during the next few years.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our motors and drives services market covers the following areas:
• Motors and drives services market sizing
• Motors and drives services market forecast
• Motors and drives services market industry analysis
Read the full report: https://www.reportlinker.com/p04188504/?utm_source=GNW
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The Global Motors and Drives Services Market is expected to grow by $ 2.28 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period
Global Motors and Drives Services Market 2020-2024 The analyst has been monitoring the motors and drives services market and it is poised to grow by $ 2. 28 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period.
| Source: ReportLinker