Global Inverter Duty Motor Market to Expand at a 12.1% CAGR, to Attain a US$ 14.7 Billion Valuation by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
Regal Rexnord Corporation (RRX)
Company Research
Source: Yahoo! Finance
NEWARK, Del, Feb. 15, 2024 (GLOBE NEWSWIRE) -- According to a Future Market Insights (FMI), the global inverter duty motor market is anticipated to reach a valuation of US$ 4.7 Billion in 2024, driven by expansion of renewable energy installations. The trend is expected to create new opportunities for the market, leading to a projected CAGR of between 2024 and 2034, and reaching a total valuation of US$ 14.7 Billion by 2034. A major factor contributing to the growth of the market is the continuous advancements in material science and motor design technologies, which enable the development of lighter, more compact, and high performance inverter duty motors. The motors offer improved power density, efficiency, and durability, meeting the evolving requirements of diverse applications and industries. Request Your Sample Report to Explore the Latest Industry Trends! https://www.futuremarketinsights.com/reports/sample/rep-gb-18963 Collaborations between motor manufacturers, technolog
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- 2/7/24 - Beat
RRX
Sec Filings
- 4/29/24 - Form 3
- 4/24/24 - Form 8-K
- 4/16/24 - Form 4
- RRX's page on the SEC website