Induction Motor Market - Product Innovation Is One of the Key Strategies Adopted by Companies in the Market.
The global induction motor market is driven by technological advancement. This trend is projected to offer significant growth opportunities to companies that are operating in the global induction motor market. One of the new technologies that are gaining traction in the global induction motor market is called copper rotor induction motor. This motor serves as a strong alternative to the permanent magnet motor used in electric vehicles.
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