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NEW YORK, April 8, 2021 /PRNewswire/
Technavio has announced its latest market research report titled Synchronous Electric Motors Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025
Synchronous electric motors market is poised to grow by $ 5.29 billion during 2021-2025 progressing at a CAGR of almost 5%, owing to the increasing demand for energy-efficient motors, growing need for precise operating speed and position control, and increasing adoption of permanent magnet synchronous motors in industrial applications.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Furthermore, this research analysis offers insights on impact of key factors promoting and impeding the market growth at present as well as in the forthcoming years. In addition, if interested in knowing more about the innovative strategies adopted by ABB Ltd., Baumuller Nurn