The latest industry report from Future Market Insights projects that the global market for AC electric motors will be worth around US$ 11.3 billion by 2024. The market was estimated to be worth US$ 10.6 billion in 2023. Over the course of the projection period, a compound annual growth rate (CAGR) of 5.10% is anticipated, leading to …
Tag Archives: AC Electric Motor Market
AC Electric Motor Market Projected to Grow at 5.10% CAGR, Reaching US$ 18.6 Billion by 2034, Driven by Exploration and Drilling Sector Demand
According to Future Market Insights’ latest industry analysis, the global AC electric motor market is estimated to be around US$ 11.3 billion in 2024. In 2023, the market was valued at US$ 10.6 billion. It is projected to exhibit a CAGR growth of 5.10% over the forecast period, with an estimated market size of US$ 18.6 billion …