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Global Electric Motors Market to Hit $254.1 Billion by 2031 Amid Rising Industrial and Consumer DemandThe 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,...0 Comments 0 Shares 2K Views
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Surging Demand for Energy-Efficient Motors Fuels Global Market Expansion: Insights into the Electric Motors MarketAccording 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...0 Comments 0 Shares 921 Views
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