The smart motors market is forecasted to garner revenue of US$ 3.2 billion by 2033, up from US$ 1.9 billion in 2023 advancing at a rate of 5.2% from 2023 to 2033. Market Drivers: Industry 4.0 Adoption: Increasing adoption of Industry 4.0 technologies, including IoT, AI, and data analytics, drives demand for smart motors capable …
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