Latest Breaking News On - Electric motor market research report - Page 1 : comparemela.com

Share this article Share this article NEW YORK, Jan. 18, 2021 /PRNewswire/ The global electric motor market is projected to reach a value of over $195.2 billion by 2030, rising from $118.2 billion in 2019, progressing at a 4.8% CAGR during 2020–2030, according to P&S Intelligence. The market is growing due to the: Increasing sales of electric vehicles Rising government efforts for encouraging the adoption of electric vehicles The increasing government efforts for enhancing the adoption of electric vehicles is a key driving factor of the   electric motor market. Governments of several countries are offering tax incentives and subsidies on the purchase of electric vehicles and are implementing strict emission laws on traditional ICE vehicles. For example, China has been providing a subsidy of over $10,000 per EV since 2017. Similarly, the Indian government is also aiming to have a considerable EV fleet by 2030, for which the National Electric Mobility Mission Plan 2020 wa

Prajneesh kumarRobert bosch gmbNidec corporationJohnson electric holdingsToshiba corporationRegal beloit corporationMotor market researchNational electric mobility mission planRockwell automation incEmerson electric coMitsubishi electric corporationWolong holding group coFranklin electric coMitsuba corporationElectric motor market research reportMotor type