Electric Motor Market Is Expected to Hamper the Growth During Forecast Period 2016-2026
Tremendous technological advancements and the need for high efficiency motors are the two factors responsible for the growth of electric motors market in the past few years. Electric motors are widely used in motor vehicles, household appliances, material handling equipment, etc. An unmitigated increase in fuel prices coupled with the need to reduce air pollution has led to an increased preference for electric vehicles in several countries. This, in turn, is expected to upsurge the electric motor market. Premium efficiency...
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