Electric Motor Market to Reach $373.9 billion, Globally, by 2032 at 9.5% CAGR: Allied Market Research

The electric motor market has witnessed growth due to increase in demand for energy-efficient electric motors, increased sales of consumer electronics & appliances in developing countries, and rise in demand for electric vehicles. WILMINGTON, Del., Nov. 17, 2023 /PRNewswire/ — Allied…