Electric Motor Market Size. Global electric motor market size (us$ bn) forecast, by voltage range 10.5. Electric motor market historical analysis (2018 to 2022) vs.
North america electric motor market (option 1: It is expected to grow at a cagr of 5.70% during the forecast period and reach a value of usd 167.03 billion by 2028.
The Global Electric Motor Market Size Is Projected To Surpass Around Usd 249.6 Billion By 2032 And It Is Poised To Reach A Registered Cagr Of 6.8% From 2023 To 2032, Due To Rise In The Adoption Of.
After a decade of rapid growth, in 2020 the global electric car stock hit the 10 million mark, a 43% increase over 2019, and representing a 1% stock share.
According To Custom Market Insights (Cmi), The Global Electric Motor Market Size Was Estimated At Usd 165 Billion In 2021 And Is Anticipated To Reach Around Usd 322 Billion By 2030, Growing At A Cagr Of Roughly 7% Between 2022 And 2030.
It is anticipated to experience significant growth, reaching a value of usd 178.4 billion by 2030, with a compound annual growth rate (cagr) of 6.8% during the period from 2025 to 2030.
A Recent Study Conducted By The Strategic Consulting And Market Research Firm, Blueweave Consulting, Revealed That The Global Electric Motor Market Was Worth Usd 119.7 Billion In The Year 2021.
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Electric Motor Market Historical Analysis (2018 To 2022) Vs.
Forecast outlook (2023 to 2033) the global electric motor market grew at a cagr of 5.43% between 2018 and 2022.
North America Electric Motor Market By Voltage;
The global electric motor market size reached us$ 107.0 billion in 2022.
Global Electric Motor Market Analysis, By Voltage Range 10.6.