Servo Motors Market to Reach $21,291.4 Million by 2032 at 5.5% CAGR: Allied Market Research [Yahoo! Finance]
Rockwell Automation, Inc. (ROK)
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Source: Yahoo! Finance
This further results in the consolidation of the servo motors market WILMINGTON, Del. April 10, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, Servo Motors Market By Type (AC Servo Motor and DC Servo Motor), System (Linear and Rotary), and Application (Robotics, Machine Tools, Electronic Devices, Printing and Packaging Technologies, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032. According to the report, the global servo motors market was valued at $12,465.1 million in 2022 and is projected to reach $21,291.4 million by 2032, registering a CAGR of 5.5% from 2023 to 2032. Download Sample Copy: https://www.alliedmarketresearch.com/request-sample/A139041 Prime determinants of growth Increase in the adoption of automation and robotics across industries such as manufacturing, automotive, electronics, and healthcare drives the demand for high-precision motion control solutions, where servo motors play a crucial role. As industries
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ROK
Earnings
- 1/31/24 - Miss
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- 4/10/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 3
- ROK's page on the SEC website