Permanent Magnet Motor Market Projected to Hit USD 39 Billion by 2034 – openPR.com
The permanent magnet motor market is projected to expand significantly, reaching a valuation of USD 39 billion by 2034. This growth is driven by increasing demand for energy-efficient motors in various industries, including automotive, healthcare, and manufacturing. Permanent magnet motors are favored for their superior performance, high efficiency, and reduced energy consumption…
