Global Medium and High Power Motors Market to Be Driven by Tremendous Growth of Manufacturing Sector
Rising replacement of aging electric motors, growing manufacturing industries in several countries, and incentive programs for energy-efficient electric motors are some of the factors expected to boost demand for medium and high power motors in the coming years. However, unstable raw material prices and high cost of energy-efficient motors are the restraining factors that can hamper the growth of this market across the globe. The global medium and high power motors market is projected to touch US$69.91 billion by the...
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