Global traction motor market is poised to expand at a Compound Annual Growth Rate (CAGR) of 13.0% between 2022 and 2032, with an expected value surpassing USD 30 billion by the end of that period. Moreover, global sales are forecasted to achieve an impressive growth rate ranging between 12 to 15%. The burgeoning demand for these high-performance …
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FMI Analysis States Global Traction Motors Market Size Estimated to Surpass USD 30.0 Billion Mark by 20302, Growing at 13.0% CAGR
Global traction motor market is poised to expand at a Compound Annual Growth Rate (CAGR) of 13.0% between 2022 and 2032, with an expected value surpassing USD 30 billion by the end of that period. Moreover, global sales are forecasted to achieve an impressive growth rate ranging between 12 to 15%. The burgeoning demand for these high-performance …
Traction Motors Market surpassing valuation of 30.0 Billion by 2032
The global traction motor market are projected to grow at a CAGR 13.0% between 2022 and 2032, surpassing valuation of 30 Billion dollars by the year 2032 when it is expected that global sales will reach 12-15%. The overall demand for these high performance motors from diverse industries such as automotive or electric & electronics has helped …
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