Induction Motors Market | How Top Leading Companies Can Make This Smart Strategy Work Till 2030
Induction Motors Market Analysis: Induction Motors Market is projected to be worth USD 55.63 billion by 2028, registering a CAGR of 9.51% during the forecast period (2022-2030). The market was valued at USD 17.48 billion in 2020. Global Induction Motors Market – Competitive Analysis Highly competitive, the induction motors market appears to be fragmented owing to the presence of several well-established players accounting for a substantial market share. Players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product & technology launch to gain substantial competitive advantage. These players emphasize on new product development initiatives and geographical expansion. The global induction motors market is anticipated to witness relentless innovations and the development of new products, resulting in intensifying market competition. CAGR 9.51% CAGR (2022-2030) Base Year 2021 ...