Ultra-low voltage motors market worth $6.5bn by 2027
05Nov
posted by: Blake Griffin, Interact Analysis
New research by market intelligence firm Interact Analysis shows that the ultra-low voltage motors market is experiencing a period of growth.
By 2027, the market will be worth almost $6.5bn, driven by demand from battery-driven applications and a need for greater flexibility in manufacturing and logistics processes. The increased use of mobile robots is having a huge impact on the market for ultra-low voltage motors and, as a result of this, the supplier landscape will change significantly.
More on this in the Nov 2023 issue of PBSI, here.
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