Electric Motor Market is Estimated to Reach USD 180 billion in 2027, increasing at 6.3% CAGR during

Gmi Research15 Jul, 2022Business

The factors driving the growth of Electric Motor Market includes increasing electricity consumption around the world, growing focus on renewable sector, penetration of robotics and increasing sales of passenger vehicles. According to the report published by Statista, in 2021, around 56.4 million passenger cars were sold in the international markets.