How Is Rising EV Sales Supplementing Electric Motor Market Growth?

Factors such as the rising adoption of electric vehicles (EVs) and increasing compliance for energy-efficient electric motors are expected to propel the electric motor market at a CAGR of 6.3% during 2020–2030. According to P&S Intelligence, the market was valued at $105.5...

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COVID-19 Impact Analysis on Electric Motor Market | Insights on Strategies of Key Players

Almost everything which moves, apart from humans and animals, has an electric motor, be it a washing machine or a train. It is a simple device which converts electricity into mechanical energy, most commonly in the form of motion. In the current scenario, the major reason...

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How are Increasing Sales of Electric Vehicles Driving Electric Motor Market?

In 2017, about 1 million electric cars were sold globally, with China emerging as the world’s largest electric car market, as approximately 580,000 electric cars were sold in the country in 2017. The requirement for electric vehicles is increasing due to the surging air pollution...

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