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【English Market Research Report】Global Market for AC Electric Motors

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The AC electric motor market size is expected to grow at a CAGR of 4.5% during the forecast period, reaching 22.4 billion USD by 2030. Furthermore, electric vehicles rely on electric motors as the primary power source for propulsion, replacing traditional internal combustion engines. AC electric motors, such as induction motors and permanent magnet synchronous motors (PMSM), are widely used in EVs due to their efficiency, torque characteristics, and controllability. Therefore, the increasing global adoption of electric vehicles is driving market growth.

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