NEWARK, Del, Aug. 22, 2022 (GLOBE NEWSWIRE) — The global motor winding repair service market is projected to reach a value of US$ 12,780 Mn by 2032 while exhibiting a moderate CAGR of 5% for the forecast period of 2022 to 2032. Motor winding repair service market will likely reach an estimated US$ 7,832.5 Mn in 2022. The growth in this market is fueled by the competitiveness, profitability, and effective performance of motor services.
Damaged coils need to be replaced by new coils to enhance motor efficiency. This boosts the sales of motor winding repair services. Increasing provision for maintenance