North America Electric Motors Market Outlook
The North America electric motors market size reached a value of approximately USD 32.18 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.30% from 2025 to 2034, reaching nearly USD 53.93 billion by 2034. The increasing demand for energy-efficient motors, advancements in electric vehicle (EV) technology, and rapid...
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