Electric Motors Market to Reach USD 240.61 Billion by 2032
April 22, 2025 Market Summary: The global electric motors market size was USD 129.78 Billion in 2023 and is likely to reach USD 240.61 Billion by 2032, expanding at a CAGR of 7.1% during 2024–2032. The market is driven by the rising trend of industrial automation and surging adoption of electric vehicles, worldwide. Increasing demand for energy-efficient solutions is expected to drive the market…