Electric Motor Market to Reach $373.9 Billion, Globally, by 2032 at 9.5% CAGR: Allied Market Research

An increase in demand for energy-efficient electric motors, increased sales of consumer electronics and appliances in developing countries, and rise in demand for electric vehicles drive the growth of the global electric motor market.Wilmington, Delaware, March 26, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Electric Motor Market by Motor type (Alternate Current (AC) Motor, and Direct Current (DC) Motor), Application (Automobile- traction motor, Automobile - non-

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