Global Electric Motors Market to Hit $254.1 Billion by 2031 Amid...

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2024-09-17 06:31:34 -

Global Electric Motors Market to Hit $254.1 Billion by 2031 Amid Rising Industrial and Consumer Demand

The global electric motors market is set to experience remarkable growth in the coming years, with projections indicating that it will reach a staggering $254.1 billion by 2031. According to the latest research from Meticulous Research®, this market is expected to grow at a compound annual growth rate (CAGR) of 7.1% between 2024 and 2031. The increased focus on energy efficiency,...

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