Induction Motor Market to Reach USD 22.03 Billion by 2032, Growing at a CAGR of 3.72%
Induction Motor Market Size to Reach USD 22.03 Billion by 2032, Growing at a CAGR of 3.72% Title: Induction Motor Market to Grow at a CAGR of 3.72%, Projected to Reach USD 22.03 Billion by 2032 Summary: The global induction motor market is poised for substantial growth, with an expected value of USD 22.03 billion by 2032. The market, valued at USD 16.44 billion in 2024, will grow at a compound annual growth rate (CAGR) of 3.72% from 2025 to 2032. The report provides valuable insights into market dynamics, competitive landscapes, key players, and emerging trends that are shaping the future of the industry. Ask for Sample to Know US Tariff Impacts on Induction Motor Market @ A) Market Size: The induction motor market was valued at USD 16.44 billion in 2024. With the increasing demand for energy-efficient motors in various industries, the market is expected to grow at a CAGR of 3.72% from 2025 to 2032, reaching nearly USD 22.03 billion by 2032. B) Scope and Research Methodolog...