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South America Braking Resistors Market 2021-2027: Oil & Gas Segment is Expected to be Fastest Growing Sector - ResearchAndMarkets.com
March 8, 2021 GMT
DUBLIN (BUSINESS WIRE) Mar 8, 2021
Oil & Gas Segment is Expected to be Fastest Growing During Forecast Period for SAM Region
“SAM Braking resistors Market is expected to reach US$ 370.4 million by 2027 from US$ 258.4 million in 2019. The market is estimated to grow at a CAGR of 5.0% from 2020 to 2027.
The report provides trends prevailing in the SAM braking resistors market along with the drivers and restraints pertaining to the market growth. Rising adoption of advanced grids is the major factor driving the growth of the SAM braking resistors market. However, high motor heating issues hinders the growth of SAM braking resistors market.