Electric Motor Market Size $194.11 Billion by 2030
Report Overview:
The Global Electric Motor Market achieved a valuation of $119.06 Billion in 2022 and is anticipated to exceed $194.11 Billion by 2030, reflecting a compounded annual growth rate (CAGR) of 6.3% during the forecast period from 2024 to 2032.
Key Market Players:
ABB (Switzerland), Siemens (Germany), Nidec Corporation (Japan), Wolong (China), WEG (Brazil), Johnson Electric (China), Regal Beloit Corporation (US), Toshiba Corporation (Japan), TECO Electric & Machinery (Taiwan), Hyosung Heavy Industries (South Korea).
