Induction Motors: Revolutionizing the Industry with 55% of...

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2025-02-11 08:48:25 -

Induction Motors: Revolutionizing the Industry with 55% of Industrial Energy Consumption

Induction Motors Market Overview The global Induction Motors Market size was valued at USD 19.2 billion in 2023 and is projected to reach USD 20.5 billion in 2024, eventually growing to USD 36 billion by 2032. This growth is driven by a compound annual growth rate (CAGR) of 7.2% during the forecast period from 2024 to 2032. Catalysts for Expansion The Induction Motors Market is experiencing...

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