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Electric Motor Market Size Growing at 6.5% CAGR Set to Reach USD 163.5 Billion By 2028 | #electric Motor Market # Electric Motor Market 2023 # Global Electric Motor Market # Electric Motor Market outlook # Electric Motor Market Trend # Electric Motor Market Size & Share # Electric Motor Market Forecast # Electric Motor Market Demand # Electric Motor Market sales & price

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Electric Motor Market Size Growing at 6.5% CAGR Set to Reach USD 163.5 Billion By 2028

According to the report published by Vantage Market Research, the global Electric Motor Market was estimated at $112.1 Billion in 2021 and is expected to hit $163.5 Billion by 2028, registering a CAGR of 6.5% from 2022 to 2028.