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Micro Motor Applications and Market Growth: Industry Outlook 2024-2031
The global micro motor market was valued at USD 47.89 billion in 2023 and is expected to grow from USD 50.71 billion in 2024 to USD 80.30 billion by 2031, at a CAGR of 6.79% during the forecast period. This growth is driven by rising demand across industries such as automotive, healthcare, and industrial automation, fueled by technological advancements and increasing adoption of precision motor...
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