Published on in “Business”, language — English. 6 pages.
Global Electric Motor Market is estimated to reach $173 billion by 2024; growing at a CAGR of 5.7% from 2016 to 2024. Electric motors are a device driven by the magnetic force which transforms electric into mechanical energy. It is one of the biggest advancements in the field of technology and engineering. These brilliant discoveries inaugurated an era of active research and many new innovations have been developed ever since then. There are different types of motors developed for different purp More
