Servo Motors and Drives Market - Global Opportunities and Forecast, 2020-2027 - Gurgaon

The significant drivers propelling the growth of the global servo motors and drives market are the increasing advancement and adoption of automation across industries, ease of use, and integration of motion control components in motors and drives, rising adoption of energy-efficient international standard, followed by the favorable regulations on energy efficiency. The technological innovation and implementation of government policies such as Minimum Energy Performance Standards (MEPS), in several countries, raised demand for energy-efficient motor systems, is further surging the growth of the global servo motors and drives market.