The machinery that powers the modern world, from industrial assembly lines to the cooling systems of data centers, is undergoing a massive, capital-intensive overhaul. According to a new analysis by Allied Market Research, the global electric motor market is projected to reach $373.9 billion by 2032, nearly tripling its 2020 valuation of $142.1 billion. The data reveals a Compound Annual Growth Rate (CAGR) of 9.5% from 2023 to 2032. But beyond the growth percentages, the report outlines a structural change in how the global economy consumes energy. …
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