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Global Low Voltage Motor Market Value Estimated to Surpass USD 75 Billion by 2032, Surging at 6.7% CAGR | FMI Analysis – FMIBlog
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Global Low Voltage Motor Market Value Estimated to Surpass USD 75 Billion by 2032, Surging at 6.7% CAGR | FMI Analysis – FMIBlog
The global low voltage motor market is poised for significant expansion, with projections from FMI indicating a notable Compound Annual Growth Rate (CAGR) of 6.7%, aiming for a substantial market value of USD 75 billion by 2032. These energy-efficient advancements, surpassing conventional motors by 2% to 8% in efficiency, not only promise substantial cost savings but also play a pivotal role in mitigating the carbon footprint of industrial opera…
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