Electric Motors Market Size to Hit $206.4 billion by 2029
The global Electric Motors Market by value, is estimated to be USD 152.2 billion in 2024 and is projected to reach USD 206.4 billion by 2029, growing at a CAGR of 6.3% from 2024 to 2029. Due to the growing demand for electric motors within the global automotive, manufacturing, and renewable energy sectors, among others, the electric motor market has bloomed forth globally. All these sectors inherit...
Electrifying Growth: Electric Motors Market Insights for the US Region
The electric motors market in the U.S. is a thriving sector within the global market that is expected to grow at a significant growth rate due to the rising demand for energy-efficient motors across diverse industries such as Industrial, Commercial, Residential, Agriculture, and Transportation. Among the end use industries, Industrial is anticipated to dominate in the U.S. market due to the...