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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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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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