Induction Motor Market Size, Share, Industry, Forecast and outlook...

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2024-02-21 11:17:05 -

Induction Motor Market Size, Share, Industry, Forecast and outlook (2023-2030)

Overview The Global Induction Motor Market experiences significant growth with a high CAGR, driven by the widespread usage of induction motors pioneered by Nikola Tesla. These motors, constituting 30% of global energy consumption, are undergoing research for enhanced efficiency and are considered for propulsion in electric vehicles due to reliability and cost-effectiveness. Market Dynamics...

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