High-Torque Synchronous Motor Market Set to Reach USD 4.99 Billion by 2034, Driven by Industrial Automation and Energy Efficiency Trends
The global high-torque synchronous motor market is experiencing significant growth, underpinned by accelerating industrial automation, rising demand for energy-efficient solutions, and expanding renewable energy applications. Valued at USD 2.29 billion in 2024, the market is projected to grow at a compound annual growth rate (CAGR) of 8.10% from 2025 to 2034, reaching...
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