Global Industrial Gear Motors and Drives Market 2012-2016
Global Industrial Gear Motors and Drives market to grow at a CAGR of 4.98 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth in the emerging markets. The Global Industrial Gear Motors and Drives market has also been witnessing the increased demand for precision geared products. However, the availability of alternative technologies like variable frequency drives could pose a challenge to the growth of this market.
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