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Electric Motors Industry Projected to Grow at 7.3% CAGR, Hitting $289.18 Billion by 2032 | #electric Motors Market

Electric Motors Industry Projected to Grow at 7.3% CAGR, Hitting $289.18 Billion by 2032

Electric Motors Industry Projected to Grow at 7.3% CAGR, Hitting $289.18 Billion by 2032

Electric motors convert electrical energy into mechanical motion for diverse applications. Industrial automation, EV adoption, and energy efficiency trends are boosting market demand.