Global Electric Motor Market Is Estimated To Witness High Growth Owing To Growing Industrial Automation and Increasing Demand for Electric Vehicle
The Global Electric Motor Market is estimated to be valued at US$ 219.5 Billion In 2021 and is expected to exhibit a CAGR of 6.9% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.Market Overview:The Electric Motor Market includes various types of motors such as AC motors, DC motors, and others, which are widely used in industries such as...
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