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Electric Motor Market to Hit USD 237.9 Billion by 2031, Growing at a CAGR a 5.5 %

Growth in HVAC equipment, consumer appliances, automotive, mining, and industrial machinery is driving the demand for AC and DC electric motors.Wilmington, Delaware, United States, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global electric motor market stood at US$ 145.5 billion in 2022 and is projected to reach US$ 237.9 billion in 2031. The global electric motor market is anticipated to expand at a CAGR of 5.5% between 2022 and 2031. Leading players in the global
United States Nikhil Sawlani Asia Pacific Robert Bosch Gmb Toshiba Corporation Nidec Corporation
Source: yahoo.com

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