The global servo motors drive market size is expected to grow from USD 13.6 billion in 2020 to USD 18.6 billion by 2027, at a CAGR of 5.4% from 2021 to 2027.
The global soft magnetic materials market will grow at a CAGR of 8.2% from 2022 to 2030. Soft magnetic materials have the efficiency to be easily magnetized and demagnetized