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Electric Motor Market Projected to surpass US$ 252.6 Billion by 2033, Driven by a Strong CAGR of 6.64%

Electric Motor Market Projected to surpass US$ 252.6 Billion by 2033, Driven by a Strong CAGR of 6.64%
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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 ....

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Electric Motor Market Size to Reach over US$186.0 billion by 2026

The different industries and renewables sector are major factors driving the growth in the electric motor market. ....

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Automotive Electronic Control Unit Market Size to Reach $151.78 Billion by 2030; Growing at a CAGR of 5.61%

The value of the Automotive Electronic Control Unit Market size was USD 92.91 Billion in 2021 and will reach USD 151.78 Billion in 2030 with a 5.61% CAGR. An ....

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Electric Commercial Vehicle Market Size Worth $848.94 Billion by 2030 at 9.51 % CAGR – Rise in EVs for Fleet and Commercial to Boost the Industry Growth

The global Electric Commercial Vehicle Market size was USD 57.13 Billion in 2021 and will reach USD 848.94 Billion by the year 2030 with a 9.51% CAGR. The ....

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