The global electric motors market is on a robust growth trajectory, poised to reach a staggering $254.1 billion by 2031, according to the latest publication from Meticulous Research®. Projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031, this expansion is fueled by several key factors, including the escalating demand for energy-efficient electric motors,...
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