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Rising labor cost and the ageing workforce is anticipated to increase the demand for the automation systems such as robots, conveyors and others across various end user industries globally. This increase in deployment of automated systems in factories is anticipated to create a need for Servo Motors and Drives in Factory Automation which are used in the production of automation systems, thereby driving the market growth. The global Servo Motors and Drives in Factory Automation Market size is estimated to grow at a CAGR of 5.9% during forecast period i.e. 2018-2024. APAC is the fastest growing market with a CAGR of 6.6% from 2018 to 2024 which is mainly attributed to the growing demand for industrial robots. Japan and Germany are huge markets for the production of industrial robots and thus have immense demand for Servo Motors and Drives in Factory Automation. Request Sample Servo Motors and Drives in Factory Automation Market Outlook: The need for precise control of speed and position ...