According to IMARC Group, the global electric motor market size reached US$ 111.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 153.1 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
Global Electric Motor Market Trends:
The rising shift towards energy-efficient electric motors represents one of the key factors driving the...
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