Rolled Steel Motor Market: Projected For Healthy Growth Rate During The Forecast Period 2019 - 2027
The global rolled steel motor market was valued at ~US$ 8.4 Bn in 2018, and is expected to expand at a CAGR of ~ 6% from 2019 to 2027. The global rolled steel motor market is expanding significantly in terms of size and value. Demand from the heating, ventilation, and air conditioning segment is dominating the rolled steel motor The rolled steel motor market in Asia Pacific is growing rapidly. Growing industrialization and increasing developments in the SME segment, coupled with the rising number of government initiatives in developing countries, is driving the global rolled steel motor market. Europe is the second-largest market in the global rolled steel motor market, and accounted for ~ 27% share of the market in 2018 , followed by North America. Asia Pacific is the largest rolled steel motor market and is expected to maintain its dominance throughout the forecast period. Rolled Steel Motor Market: D...