Smart Motors Market Report by Component (Variable Speed Drive, Intelligent Motor Control Center, Motor), Product (24V, 18V, 36V, 48.24V), Application (Automotive, Aerospace and Defense, Oil and Gas, Metal and Mining, Water and Wastewater Treatment, and Others), and Region 2024-2032
The global smart motors market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The increasing demand for automation and efficiency in industrial processes and the rising adoption of hybrid and electric vehicles are primarily driving the growth of the market.
Read More: https://www.imarcgroup.com...
The global smart motors market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032. The increasing demand for automation and efficiency in industrial processes and the rising adoption of hybrid and electric vehicles are primarily driving the growth of the market.
Read More: https://www.imarcgroup.com...
Smart Motors Market Size, Share & Trends Analysis | 2032
The global smart motors market reached a value of US$ 2.9 Billion in 2023 and grow at a CAGR of 4.8% to reach US$ 4.5 Billion by 2032.
https://www.imarcgroup.com/smart-motors-market
10:09 AM - Aug 30, 2024 (UTC)
