The Electric Motors Market Expected to Reach $129 Billion by 2020, Finds New Report
Global Electric Motors Market (Motor Types, Output power, Applications and Geography) - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020, considers commercial aspects of the Electric motors market. Based on trend analysis, it is anticipated that the electric motors market would reach $129 billion by 2020, registering CAGR of 5.0% during 2014 - 2020. The thriving market conditions can be attributed to the advent of low power consuming premium motors and the customizable application specific designs.
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