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Global Electric Motor Market Size Worth USD 160 Bn by 2027. Will Global Electric Motor Market stand on this projected figure? Ken Research
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1.Rising demand for energy-efficient systems:
Demand for energy-efficient solutions has increased across several industries as a result of rising worries about energy consumption and environmental sustainability. Electric motors are an appealing option for a variety of applications due to their excellent energy efficiency when compared to conventional combustion engines. Particularly strong demand exists for electric motors in the automotive, industrial machinery, and HVAC (heating, ventilation, and air conditioning) industries.
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2.Stringent Government policies
To minimize greenhouse gas emissions and encourage the use of renewable energy technology, governments throughout the globe have put strict laws into place. Many nations have implemented regulations to promote the use of electric motors and other electric vehicle components, including subsidies, tax breaks, and refunds. The global electric motor market has grown significantly as a result of these encouraging policies.
Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report:
Electricity Supplier
EV Manufacturers
EV Charging Equipment Manufacturers
EV Charging System Operator
Demand side Transport Operators
Government Bodies
Time Period Captured in the Report:
Historical Year: 2017-2022
Base Year: 2022
Forecast Period: 2022- 2027
For more information on the research reports, refer to below link:
Global Electric Motor Market Outlook to 2027 :
https://www.kenresearch.com/industry-reports/global-electric-motor-market#Related_Reports
Related Reports By Ken Research: -
Netherland Lubricants Market Outlook to 2027 :
https://www.kenresearch.com/industry-reports/netherland-lubricant-market
UK Lubricant Market Outlook to 2027 :
https://www.kenresearch.com/industry-reports/uk-lubricant-market
Contact Us:
Ken Research
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+91-9015378249
India
Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
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