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| Year | Market Size (Million USD) | Growth Rate (%) | Export Volume (Tons) | Main Application Sectors |
|---|---|---|---|---|
| 2019 | 800 | 5.0 | 15000 | Industrial Motors, Generators |
| 2020 | 850 | 6.25 | 16000 | Power Tools, Household Appliances |
| 2021 | 900 | 5.88 | 17000 | Automotive, Electronics |
| 2022 | 950 | 5.56 | 18000 | Aerospace, Rail Transportation |
| 2023 | 1050 | 10.53 | 19000 | Renewable Energy, Robotics |