The Electric Motor Market to exhibit year-on-year (YoY)
growth of 4.2% in 2021 to total 1.2 billion units. As per the
report, 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
units. According to the study, the U.S. is expected to be the largest market in
North America and reach US$ 40.4 Bn by 2031.
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