Induction Motors Market to Reach USD 36 Billion by 2032, Growing at...

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2025-10-27 09:54:10 -

Induction Motors Market to Reach USD 36 Billion by 2032, Growing at 7.2% CAGR

Induction Motors Market Overview The global induction motors market size was valued at USD 19.2 billion in 2023. It is projected to reach from USD 20.5 billion in 2024 to USD 36 billion by 2032, registering a CAGR of 7.2% during the forecast period (2024-2032). The growing utilization of renewable energy systems such as wind turbines stimulates...

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