The Europe Electric Motor Market is a rapidly growing industry that encompasses a wide range of motor types, including AC, DC, and servo motors. The market is driven by increasing demand from various end-use industries, such as automotive, manufacturing, and energy. The shift towards renewable energy sources and the growing adoption of electric vehicles are …
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Europe Electric Motor Market registering a CAGR of 3.7% by Forecast Period
The Europe Electric Motor 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 accelerates …
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