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2026-07-08 05:54:30 -

Advanced Motor Control Technologies Fuel Electric Drives Market Expansion

The global electric drives market was valued at USD 27.39 billion in 2025 and is projected to grow from USD 28.52 billion in 2026 to USD 39.39 billion by 2034, registering a CAGR of 4.12% during the forecast period (2026–2034). The market is experiencing steady growth owing to increasing industrial automation, rising demand for...

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