Permanent Magnet Motor Market Worth $64.6 Billion by 2026 - Exclusive Report by MarketsandMarkets™
by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global Permanent Magnet Motor Market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the Permanent...
Source: prnewswire.com