Asia-Pacific AC Electric Motor Market Projections & Future Opportunities 2022-2031
Asia-Pacific AC Electric Motor market is expected to grow at 5.1% CAGR during the forecast period. Industrial automation, which drives the manufacturing sector worldwide, is expected to show strong growth during the forecasted period. The Asia-Pacific region is expected to open up new growth opportunities in the AC electric motor market over and beyond the forecast period. However, the higher initial investment for procuring new equipment and upgrading existing equipment and portability issues with AC motors could restrain the market’s growth. – Electric vehicles are expected to boost the growth…
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