What are the key factors for success in the electrical motors industry?

In summary, the key factors for success in the electrical motors industry include technological advancements, cost efficiency, and market demand. Technological advancements such as the development of more efficient and eco-friendly motors have allowed companies to stay competitive. Cost efficiency through streamlined production processes and lower material costs also plays a crucial role. Finally, market demand for electric vehicles and renewable energy sources has significantly increased the demand for electric motors, creating opportunities for growth and success in the industry.
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Steven0
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I'm working in electrical motors industry from past 10 years.
 
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Welcome to the PF, Steven! :smile:
 

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