In 2018, demand for low voltage motors surpassed US$ 25 Bn, growing at a Y-o-Y growth rate of 8.8% in 2019. After emerging from the recessionary downturn induced by COVID-19, sales are expected to be valued at US$ 36.6 Bn by the end of 2021. Long-term growth prospects appear highly optimistic, with an anticipated revenue share of US$ 70.6 Bn as of 2031. Overall, the industry is […]