Home › News Updates › Machine Design Quotes MarketsandMarkets for Insights on Motion Control Market
Machine Design recently highlighted MarketsandMarkets for key insights on motion control market.
From coffee machines to elevators, motion control has become a part of our daily lives. It mainly finds application in major industries like medical, transportation, and robotics. With the rapid adoption of advanced and automated processes and growing demand for industrial robots in manufacturing processes, the global market for motion control is set to witness a growth of 5.5% CAGR between 2016 and 2022, reaching an estimated size of $22.84 Billion by 2022.
For More Details:
Report mentioned in the above news is,
Motion Control Market by Component (AC Motors, Motors, Motion Controllers, AC Drives, Electronic Drives), Application (Packaging, Material Handling, Metal Fabrication, Converting, Positioning), Industry, and Geography - Global Forecast to 2022
Share this story
How can we help you?
To discuss how our team can help you and your business achieve true results,
Get in touch with us