Traction motors are predicted to be the fastest-growing segment in the next five years, driven by the spurt in demand for electric vehicles Frost & Sullivan’s recent analysis of the market for electric motors in North America forecasts that sector revenues will witness steady growth between 2019 and 2024, increasing at a CAGR of 3.5% from $7.2 billion to $8.5 billion. The transition from engines, […]
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