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Newstrail
Newstrail
According to the latest report by IMARC Group, titled, “Smart Motors Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2021-2026“,The global smart motors market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026 A smart motor refers to a programmable electronic device with adjustable speed and torque. It changes the frequency and supply of voltage to replace the thermal overload relay with multiple set points. Smart motors generally comprise of an encoder, current monitor, dual ethernet…