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Industry Resurgence: A Deep Dive into the US$ 22.5 Billion Induction Motors Market by 2024 | #induction Motors Market

Industry Resurgence: A Deep Dive into the US$ 22.5 Billion Induction Motors Market by 2024

Industry Resurgence: A Deep Dive into the US$ 22.5 Billion Induction Motors Market by 2024

Induction motor Market sales are expected to total US$ 40.5 billion globally in 2032. A significant CAGR of 7.4% is anticipated between 2022 and 2032. In 2022, it was valued at about US$ 19.9 billion.