The Electric Motor Market includes various types of motors such as AC motors, DC motors, and others, which are widely used in industries such as automotive, aerospace, manufacturing, and others. These motors are essential for converting electrical energy into mechanical energy for various applications. Furthermore, the rising adoption of electric vehicles across the globe is driving the demand for electric motors in the automotive sector. The increasing need for energy-efficient solutions and the growing focus on reducing carbon emissions are further fueling the growth of the electric motor market.
[165 Pages] Electric Motor Market is expected to reach US$ 219.5 Bn by 2030. Market by Indications, by Distribution Channels and Regional Outlook