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Global electric motors market size is expected at $123.54 Bn by 2027 at a growth rate of 4.7% Growth Analysis by The Business Research Company.<br>
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Electric Motors Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032 © The Business Research Company. All Rights Reserved.
Electric Motors Market Segments The Business Research Company segments it’s Electric Motors market report as: Alternate Current (AC) Motor, Direct Current (AC) Motor, Hermetic Motor By Type Integral Horsepower (IHP), Fractional Horsepower (FHP) By Output Power 9v & Below, 10-20 v, 21-60 v, 60 v And Above By Voltage Range Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace & Transportation, Household Appliances, Other Commercial Applications By Application © The Business Research Company. All Rights Reserved.
Electric Motors Market Statistics Global Electric Motors Market Size Forecast To 2032 The global electric motors market size will grow from $97.15 billion in 2022 to $102.68 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The global electric motors market size is expected to grow to $123.54 billion in 2027 at a CAGR of 4.7%. 123.54 102.68 97.15 2022 2023 2027 Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers An increase in the sale of electric vehicles is expected to propel the growth of the electric motors market. Trends Motor manufacturing companies are increasingly manufacturing IoT-enabled smart motors. Region Asia-Pacific was the largest region in the electric motors market in 2022. The regions covered in the global electric motors market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. © The Business Research Company. All Rights Reserved.
Key Market Players Major players in the Electric Motors market are: ▪ ABB Ltd. ▪ ARC Systems Inc. ▪ Asmo Co. Ltd. ▪ Brook Crompton UK Ltd. ▪ Emerson Electric Co. ▪ And more. Get More Information On The Electric Motors Market Report © The Business Research Company. All Rights Reserved.
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