Global Industrial Electric Motors Market was valued at USD 35.14 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.28% through 2029. Increasing awareness of energy efficiency and sustainability has driven the demand for high-efficiency electric motors. Many industries and businesses are adopting more efficient motors to reduce energy consumption and operating costs.
Key Market Players
ABB Sakti Industries
Siemens
WEG Industries
Teco Electric & Machinery
TMEIC Industrial Systems Indonesia
Menara Sinar Agung
Dynatech International
Lautan Luas Tbk
Bhumi Raya Electric
Surya Timur Sakti Jaya
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