New York, (U.S.):- The global linear motor market was valued at US$ 1,370 million in 2020. The global linear motor market is forecast to reach US$ 2189.4 million by 2030, registering a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2021 to 2030.

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A linear motor is an electric induction motor with a parallel linear stator and rotor placed in the middle to create straight-line motion.

The Covid-19 outbreak prompted a lockdown to stop the virus from spreading. Many industries were forced to temporarily shut down because of the workforce shortage. The halt in operations adversely affected the global linear motor market. However, the global linear motors market is forecast to grow again after the government bodies lift the lockdowns.

The pandemic also affected the manufacturing activities as the import and export activities were all halted. Thus, the unavailability of raw materials affected the entire supply chain during the pandemic period.

Furthermore, linear motors are not dependent on other mechanical components, such as belts, pulleys, pinions. Moreover, they do not require elastic components, such as couplings, gearboxes, etc. As a result, it reduces the risk of motion mistakes and backlash. As a result of these benefits, market players may witness potential opportunities in the coming years.

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The Asia-Pacific region owns the greatest proportion of hare of the global linear motor market. Emerging economies, such as China and India, are embracing new technology at a rapid pace. Furthermore, the government has launched several large-scale IT infrastructure improvement programs, which would surge the demand for linear motor technologies in the coming years.

The following companies are the key players in the global linear motor market:

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What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.

During the forecast period, the report analyzes the growth rate, market size, and market valuation.

The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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