Market Research Future published a research report on “Linear Motor Market Research Report” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
The global Linear Motor market is expected to reach a valuation of USD 1,579.4 Million by 2023, according to the latest research report from Market Research Future (MRFR). The global Linear Motor market was valued at USD 1,140.3 million in 2017, according to the report. The competitive landscape section of the statistical report presents information on major key players in the global market. The report highlights all major trends and services playing a key role in the growth of the Linear Motors market from 2018 to 2023. It also focuses on market drivers, limiting factors, and opportunities in the Linear Motors market during that period.
The global linear motor market 2020 is projected to be driven majorly by the global expansion of the industrial automation market. Moreover, the increasing application of linear motors in several industries such as electronics, robotics, semiconductor, and automotive is estimated to drive during the estimation period. The most significant advantage of linear motors is that it removes the pulley, belts, rotation-to-translation mechanisms, which are required to convert rotary motion to linear motion. The lesser number of mechanical components reduce maintenance, which lessens the ownership cost as well.
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The forefront competitors of the global linear motor market are Aerotech Inc. (U.S.), ETEL S.A (Switzerland), Moog Inc. (U.S.), Beckhoff Automation (Germany), ESR Pollmeier GmbH (Germany), H2W Technologies Inc. (U.S.), Yaskawa Electric Corporation (Japan), Sanyo Denki Co. Ltd. (Japan), Kollmorgen Corporation (U.S.), and KML Linear Motion Technology GmbH (Austria).
Market Segmentation:
On the basis of type,
On the basis of application,
The geographical analysis of North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America) has been conducted. As per the analysis by MRFR, the APAC region is estimated to dominate the global linear motor market. With the existence of countries such as Taiwan, Japan, China, and South Korea, the region is propelling at a fast pace. These countries contribute significantly, and hence, the APAC region is estimated to witness high demand and market expansion. North American is likely to grow at a considerable rate during the review period.
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