Europe Electric Motor Market Industry Analysis,Size,Share,Trends Is Expected to Reach $22.32 Billion, by 2022
Europe Electric Motor Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $22.32 billion by 2022, registering a CAGR of 3.7% during the period 2016-2022. Germany accounted for the highest share in 2014, followed by France. Growing adoption of electric motors in various applications including industrial machinery, motor vehicles, heating ventilating and cooling (HVAC) equipment, aerospace & transportation, household appliances accelerate the growth of this market.
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