Electric Motor Sales Market to Exceed $127.63 Billion by 2021
The electric motor sales market is projected to grow from an estimated USD 94.23 Billion in 2016 to USD 127.63 Billion by 2021, at a CAGR of 6.26% from 2016 to 2021. Increased use of motors across major industries, growing agricultural sector, and transition toward energy-efficient motors are the major factors driving the electric motor sales market across the globe.
View full press release