Demand from the automotive and industrial automation sectors is expected to drive micro motor market revenue to $38 billion, according to a new report by Fact.mr.
With soaring vehicle production and sales, the applicability and adoption of electrical equipment are also witnessing a consistent rise globally.
While automatic, quantitative fuel injection systems have already substituted conventional carburetors, micro motors are also rapidly replacing the anti-lock braking systems, which is foreseen to account for remarkable sales of micro motor within the automotive industry.
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