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Electric Motor Market Global Research Report by Type, by

Electric Motor Market Global Research Report by Type, by
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Electric Motor Market Revenue to Hit $195.2 Billion by 2030: P&S Intelligence

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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 Mo ....

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Mortar Market 2021 Global Industry - Key Players, Size, Trends, Opportunities, Growth Analysis and Forecast to 2024

Mortar Market 2021 Global Industry - Key Players, Size, Trends, Opportunities, Growth Analysis and Forecast to 2024
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