Distribution Automation Market Sets New Record, Projected at $28.1 Billion By 2027 at 12.2% CAGR
The global distribution automation market is estimated to be valued at USD 15.8 billion in 2022 (estimated year) and is projected to reach USD 28.1 billion by 2027 (forecast year); growing at a CAGR of 12.2% during the forecast period.
The distribution automation market has promising growth potential due to the rising deployment of smart grid technologies and increasing demand for the electricity...
Servo Motors and Drives Market Will Escalate Rapidly in the Near Future
The global servo motors and drives market is expected to grow at a CAGR of 5.7% to USD 15.8 billion by 2027, up from an estimated USD 12.0 billion in 2022. The rising trends of automation and Industry 4.0, are improving the productivity and reliability of production processes in industries of various countries is driving the market for servo motors and drives.
The rise in smart manufacturing initiatives...