Market overview: The Industrial Motors Market was valued at $19.81 billion in 2022 and is estimated to reach $23.87 billion by 2028, with a CAGR of 2.97% from 2023 to 2028. Industrial fans, machine tools, home appliances, and power tools all frequently make use of industrial motors. Batteries, vehicles, rectifiers, power systems, inverters, or generators are just …
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