Electric Motors Market Trends, Segmentation, Industry Analysis, Outlook 2032

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Electric Motors Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Electric Motors Market Segments
The Business Research Company segments its
Electric Motors market report as
Alternate Current (AC) Motor, Direct Current (AC)
Motor, Hermetic Motor
By Type
Integral Horsepower (IHP), Fractional Horsepower
(FHP)
By Output Power
9v Below, 10-20 v, 21-60 v, 60 v And Above
By Voltage Range
Industrial Machinery, Motor Vehicle, HVAC
Equipment, Aerospace Transportation, Household
Appliances, Other Commercial Applications
By Application
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Electric Motors Market Statistics
The global electric motors market size will grow
from 97.15 billion in 2022 to 102.68 billion in
2023 at a compound annual growth rate (CAGR) of
5.7. The global electric motors market size is
expected to grow to 123.54 billion in 2027 at a
CAGR of 4.7.
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Key Market Drivers And Trends
Drivers
An increase in the sale of electric vehicles is
expected to propel the growth of the electric
motors market.
Trends
Motor manufacturing companies are increasingly
manufacturing IoT-enabled smart motors.
Region
Asia-Pacific was the largest region in the
electric motors market in 2022. The regions
covered in the global electric motors market
analysis report are Asia-Pacific, Western Europe,
Eastern Europe, North America, South America, the
Middle East, and Africa.
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Key Market Players

• Major players in the Electric Motors market are
• ABB Ltd.
• ARC Systems Inc.
• Asmo Co. Ltd.
• Brook Crompton UK Ltd.
• Emerson Electric Co.
• And more.

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