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Permanent Magnet Motor Market Set to Revolutionize the Industry Landscape
The global permanent magnet motor market was valued at USD 52.61 billion in 2024 and is projected to grow at a CAGR of 9.5% from 2025 to 2034. Market Summary The Permanent Magnet Motor Market is witnessing significant expansion as industries across the world increasingly adopt energy-efficient technologies and advanced motor systems. Permanent magnet motors (PMMs) are designed to...
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