Permanent Magnet Motor Market Permanent magnet motor market forecast, 2016-2024 | Page 2

The global permanent magnet motor market was valued at
$28.24 billion in 2016 and is projected to reach $74.33
billion by 2024, growing at a CAGR of 13.2% from 2017 to
2024. In 2016, the direct current motor segment held the
highest revenue share in the global market. Among major
regions, North America market was the highest revenue
generating market in 2016
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