Share this article
Share this article
ResearchAndMarkets.com's offering.
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Industrial Motors Market Report
The industrial motors market by revenue is expected to grow at a CAGR of over 8% during the period 2021-2026.
The global industrial motors industry is expected to grow with the growth in industrial production, enhancement in technological advancement, increase in urbanization, and expansion of manufacturing industries. The industrial motor sales in the APAC region are anticipated to experience steady growth, and key drivers include an increase in infrastructure expenditure and a focus on industrial production growth. Several APAC countries, including China and India, are expected to observe remarkable gains in the industrial motors market with key infrastructure expansions in the industrial sector and building services during the forecast period.