Market Analysis
This is anticipated to reach over $42.2 billion in 2019 at a compound annual growth rate (CAGR) of 10.2% between 2014 and 2019. Motors and actuators make up the largest application segment of the market, with sales of nearly $16.8 billion (70.8% of the market) in 2013, increasing to $30.2 billion (nearly 71.6% of the market) by 2019.
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