Electrified Transportation: Exploring the Role of Electric Motors in Revolutionizing the Sector by 2033
According to Future Market Insights, the global electric motor market will be worth US$ 132.8 billion in 2023. According to the report, the market will grow at a 6.64% CAGR from 2023 to 2033 and will be worth US$ 252.6 billion by the end of that year.
The expansion of the electric motor market has been driven by high efficiency and increased demand for machine control in the automotive sector....
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