Induction motors market will reach $40.5 billion by 2032
Control Engineering
AUGUST 12, 2023
Motor and drive insights The induction motor market is expected to reach more than $40 billion globally by 2032. billion in 2032. Between 2022 and 2032, a strong CAGR of 7.4% It is an excellent choice for the manufacturing and automotive industries because to its durability and low maintenance needs. billion by 2032.
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