Global Electric Motors Market to Witness 7% CAGR over 2017-2024
Electric Motors Market is estimated to surpass USD 36 billion by 2024. High penetration of electromobility is likely to boost the industry. Major industry participants are from the automobile field focusing on increasing electric vehicle production which will drive the product demand. For instance, Honda aims to electrify two-third of its automobile production by 2030.
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