Manufacturing Automation Drives Long Term Electric Motor Demand

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2026-05-22 09:37:08

The electric motor market is witnessing significant growth as industries worldwide increasingly adopt energy-efficient technologies and automation-driven systems. The global electric motor market size was estimated at USD 212.96 billion in 2025 and is projected to reach USD 405.67 billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033. This market expansion is primarily driven by the...

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