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Dheeraj Patil added blog Other
2026-04-23 12:56:17 -

Electric Vehicle Traction Motor Market Size, Share, and Forecast to 2033 Reaching USD 349.58 Billion
Electric Vehicle Traction Motor Market Growth and Trends The global Electric Vehicle Traction Motor Market is witnessing exponential growth, driven by the rapid adoption of electric vehicles (EVs), supportive government policies, and advancements in electric powertrain technologies. According to the latest report by Straits Research, the market was valued at USD 15.53 billion in 2024 and is...

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Prasad Shinde added blog Other
2026-05-22 09:36:24 -

Industrial Machinery Segment Drives Electric Motor Market Revenue
The electric motor market is witnessing significant growth as industries worldwide increasingly adopt energy-efficient technologies and automation-driven systems. The global electric motor market size was estimated at USD 212.96 billion in 2025 and is projected to reach USD 405.67 billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033. This market expansion is primarily driven by the...

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