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As this trend progresses, it will impact vendors’ ability to secure the electric steel necessary for production, resulting in longer leadtimes and higher prices for customers. Within electric motor manufacturing, electric steel can make up as much as 20% of the bill of material. The state of the electric steel problem today.
growth in its low voltage ac motor market share since 2020, positioning it for potential market leadership. In late September, the world’s second-largest low voltage ac motor manufacturer, WEG, announced it would acquire the industrial electric motors and generators business from Regal Rexnord for $400 million.
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