Surging Demand for Energy-Efficient Motors Fuels Global Market...

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2024-10-10 08:51:52 -

Surging Demand for Energy-Efficient Motors Fuels Global Market Expansion: Insights into the Electric Motors Market

According to the latest report by Meticulous Research®, the global electric motors market is projected to reach $254.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.1% between 2024 and 2031. The surge in demand for energy-efficient electric motors, the increasing adoption in manufacturing industries, rising sales of consumer electronics, and the growing need for HVAC...

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