Global Market of the Linear Motors is Growing at a Significant CAGR

The market analysis of Wise Guys Report shows that the market of Linear Motors is expected to grow at the CAGR of 7.79% during the forecast period of 2019 to 2025. Linear motors are an electric motor that produces linear force along the length of the motor rather than the torque through the rotation. The linear motor is not always straight but has the end which is not the case with conventional motors because they work in a continuous loop. The market of linear motors is divided based on the use, type, design, and region. The flat type motors hold the largest share in the market and it is expected to grow at the 7.79% CAGR and hold the dominant position in the forecast period. Cylindrical type holds the send highest market share and the CAGR of this type is expected to be 5.81% CAGR during the forecast period. In terms of use, Mechanical Engineering segment had the largest market share in 2017 because this industry depends on the accuracy. Semiconductor and electronics segment is expected to grow at the CAGR of 8.15% due to their advantages. The market of Linear Motors is expected to reach 1530 million US$ in the year 2024. The regions covered in this report include Asia-Pacific, North America, South America, Europe, the Middle East, and Africa. The segmentation of regions is based on the political, economic and social conditions of these regions. The market is also analyzed based on the business strategy of the key players included in this report.   Read More: