MarketResearch.biz announces publication of its most recently generated research report titled, “Global Linear Motors Market by Product (Cylindrical, U-Shaped Slot, and Flat Plate), By Application, and by Region – Global Forecast to 2029”, which offers a holistic view of the global linear motors market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be over US$ 7 Bn, which is expected to increase considerably over the latter part of the five-year forecast period.
Linear motor is a motor that produces thrust in a straight line by direct induction, rather than with the use of gears. Linear motor offers various advantage over other conventional systems such as stepper motors and hydraulic actuators. These systems are used in applications where accuracy and speed is essential. It is combined with servo controls that offer high controlling ability, superior accuracy, and repeatability. Linear motors and servo controllers also coordinate easily and cost-effectively in any complex configurations. Velocity of one or multiple electric actuators can be controlled accurately, and can easily blend from one speed to another without stopping or overrunning position.
Browse the full “Linear Motors Market By Product (Cylindrical, U-Shaped Slot, And Flat Plate), By Application, And By Region – Global Forecast To 2029” report at https://marketresearch.biz/report/linear-motors-market/
Global Linear Motors Market: Market Dynamics
Growing demand from various end-use industries coupled with several advantages associated with use of linear motors are major factors driving growth of the global market. In addition, rapid growth of the pharmaceutical industries in emerging economies is another factor expected to support growth of the global market over the forecast period.
However, limited use of linear motors in high-load applications is a major factor restraining growth of the global market currently. Also, high initial investments into linear motors is another factor expected to hamper growth of the global market over the forecast period.
A major and rising trend in the global market is introduction and use of compact linear motors. This trend is expected to continue for the next five years and is another factor expected to support growth of the global market over the forecast period.
Global Linear Motors Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global linear motors market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global linear motors market is expected to expand at a CAGR of 4.7% over the forecast period.
Global Linear Motors Market: Segmental Snapshot
The market report has been segmented on the basis of product, application, and region. The product segment includes cylindrical, u-shaped slot, and flat plate. The application segment includes automotive, electronics, food & beverage, machine tools, material handling, medical & pharmaceuticals, petrochemical, packaging & labelling, robotics, semiconductor machinery, mobile off highways, agricultural & construction, others (petrochemical, printing, paper, textile, wood working, and other industries). The regions covered in the analysis are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By Product: The cylindrical linear motors segment is estimated to account for the highest revenue share contribution as compared to other segments, and is projected to maintain its dominance over the forecast period. The u-shaped linear motors segment is expected to register a CAGR of more than 5.4% over the 10-year forecast period.
By Application: The electronics segment is estimated to account for the highest revenue share in the global market and the pharmaceuticals segment is expected to register the highest CAGR of more than 5.8% over the forecast period.
By Region: The market in Asia Pacific is estimated to record for the highest revenue share in the global linear motors market, and is expected to register the highest CAGR of more than 5% over the forecast period.
Global Linear Motors Market: Competitive Analysis
The research report on the global linear motors market includes profiles of some major companies such as Parker-Hannifin Corporation, YASKAWA Electric Corporation, Panasonic Corporation, Rockwell Automation, Inc., ETEL S.A., ESR Pollmeier GmbH, Jenny Science AG, Oswald Elektromotoren GmbH, Sanyo Denki Co. Ltd., Robert Bosch GmbH (Bosch Rexroth AG), Aerotech Inc., Beckhoff Automation GmbH & Co. KG, H2W Technologies Inc., NTI AG LinMot, Kollmorgen Corporation, FANUC Corporation, Mitsubishi Electric Corporation, and Sodick Co., Ltd.
“Global Linear Motors Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global linear motors market for 2019–2029.
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