Asynchronous Motor Market to grow by $ 6.58 Bn from Electrical Components & Equipment Industry

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NEW YORK, June 30, 2021 /PRNewswire/ --
The asynchronous motor market is poised to grow by USD 6.58 billion during 2021-2025, progressing at a CAGR of over 6% during the forecast period.
Technavio has announced its latest market research report titled Asynchronous Motor Market by End-user and Geography - Forecast and Analysis 2021-2025
Read the 120-page report with TOC on "Asynchronous Motor Market Analysis Report by End-user (Industrial, Automotive, Residential, and Commercial), Geography (APAC, North America, Europe, MEA, and South America), and the Segment Forecasts,2021-2025."
The market is driven by the growing focus on automating manufacturing processes. In addition, the robust growth of process industries such as cement, steel, water, and wastewater is anticipated to boost the growth of the asynchronous motor market.

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