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Search for Permanent Magnet Motor Market : Increasing Demand for Energy-Efficient Motors to Help Permanent Magnet Motor Market Gallop Ahead - MarketsandMarkets Blog in the web..
Permanent Magnet Motor Market : Increasing Demand for Energy-Efficient Motors to Help Permanent Magnet Motor Market Gallop Ahead - MarketsandMarkets Blog
The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the permanent magnet motor market. The high initial cost of permanent magnet motor can restraint the growth of the permanent magnet motor market. However, growing robotics technology offers promising business opportunities in the permanent magnet motor market.
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Search for Permanent Magnet Motor Market : Increasing Demand for Energy-Efficient Motors to Help Permanent Magnet Motor Market Gallop Ahead - MarketsandMarkets Blog in the web..
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