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Permanent Magnet Motor Market Forecast 2026–2036: Global Market to Reach USD 72.4 Billion by 2036
The global permanent magnet motor market is set to witness strong expansion over the next decade, growing from approximately USD 34.2 billion in 2026 to USD 72.4 billion by 2036, registering a CAGR of 7.8%, according to the latest analysis by Future Market Insights (FMI). Market growth is being driven by the accelerating shift toward energy-efficient technologies, rising electrification across...
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