AC & DC Electric motor market 2021-2025
July 2020
The global electric motor sales market grows from EUR 84 bil. in 2016 to EUR 114 bil. by 2020, at a CAGR of 6%.
Factors driving the market include growing motorized automation in industries, increasing motor-driven household appliances, continuously growing agricultural sector, strong automobile production, and transition toward energy-efficient motors IE4 and higher.
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