Motors and Drives Market in Discrete Industries Globally Grow at a CAGR of 11.06% by Revenue During the Forecast Period 2017-2020
Motors and drives are primarily used for moving and controlling an equipment or system in a commercial and industrial set-up. In discrete industries, motors and drives powering mechanical equipment accounted for more than 60% of the total electrical energy consumed in 2015. In an industrial set-up, the power consumed by the motors accounts for 95% of the total expense. Therefore, manufacturing plants need to invest on more efficient motors and drives to sustain in the long run. Technavios analysts forecast the global motors and drives market in discrete industries to grow at a CAGR of 11.06% during the period 2016-2020. Covered : The report covers the present scenario and the growth prospects of the global motors and drives market in discrete industries for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of motors and drives. Get PDF for more Professional and Technical insights @ http://www.researchmoz.us/enquiry.php?type=S&repid