Induction Motors Market is projected to grow at a CAGR of 3.90%
Knowledgesourcing0119 Apr, 2024Business
The induction motors market is estimated to grow to US$30.946 billion by 2029. AC electric motor in which the magnetic field of the stator is used to electromagnetic induce the electric current to produce torque in the rotor. The rising industrial applications are boosting the induction motor market growth. Explore additional details by visiting our website.
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