Tag Archives: Electric Motor Market size

Driving Innovation: The Growing Impact of the Electric Motor Market | FMI Reports

As industries worldwide strive for greater energy efficiency and sustainability, the Electric Motor Market is experiencing unprecedented growth. Electric motors are a cornerstone of modern technology, powering everything from household appliances to electric vehicles, industrial machinery, and renewable energy systems. With advancements in energy-efficient technologies and the global shift toward electrification, the demand for electric …

Continue reading “Driving Innovation: The Growing Impact of the Electric Motor Market | FMI Reports”

Global Electric Motor Market Anticipated to Reach USD 252.6 Billion by 2033 with 6.64% Annual Growth Rate | FMI Reports

Electric Motor Market The electric motor market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.64% from 2023 to 2033. By 2033, the market is expected to reach an estimated value of approximately USD 252.6 billion. This market’s upward trajectory is remarkable. In 2023, the global electric motor market …

Continue reading “Global Electric Motor Market Anticipated to Reach USD 252.6 Billion by 2033 with 6.64% Annual Growth Rate | FMI Reports”

Electric Motor Market expected revenue to reach US$ 40.4 Bn by 2031

The electric motor market is expected to create a stupendous growth opportunity, exhibiting year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. According to the FMI analysis, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million …

Continue reading “Electric Motor Market expected revenue to reach US$ 40.4 Bn by 2031”