Induction Motor Market Research Report by trusted Organization
Ravinderimarc28 Dec, 2022Technology
Induction motor, also known as, asynchronous motor, is an AC electric motor which can be made without any electronic connections to the rotor. The global induction motor market size reached US$ 20.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.41% during 2023-2028.
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