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| Dimension | Value |
|---|---|
| Market Size (2025) | $15 Billion |
| Annual Growth Rate | 5.2% |
| Key Applications | Industrial, HVAC, Pumps |
| Leading Trends | Smart Technology, Energy Efficiency |
| Regions of Growth | Asia-Pacific, North America |
| Challenges | Raw Material Costs, Competition |
| Innovative Technologies | IoT Integration, Advanced Materials |