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Electric Motor Market 2021

More than 300 million electric motors are used in infrastructure, large buildings, and industry globally.

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ABC Business Consulting

October 2020

Accelerating growth

Over 30 million motors are sold each year for industrial purposes alone. At a time when talk has shifted to emission reduction, electric motor manufacturers have been innovating and disrupting the global marketplace.

With so much demand for electric motors, many products are thriving. For example, growth is accelerating in the synchronous electric motors market, which can expect an increase of several billion dollars by 2021.

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