The global electric motor market is expected to reach USD 141.70 billion by 2022, according to a new report by Grand View Research, Inc. Technological advancements and regulatory policies aimed at improving energy efficiency of machinery and equipment are vital factors for the industry development over the forecast period. Global industry is expected to be driven by increasing electric motors’ utilization in industrial machinery, HVAC equipment and household appliances. AC motors have found huge headways in automotive manufacturing where they are used for automation of hydraulic suspension systems, speed control and adaptive handling of vehicles.
http://www.grandviewresearch.com/industry-analysis/electric-motor-market
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