According to Custom Market Insights (CMI), the Global Electric DC Motors Market was valued at USD 18.6 billion in 2021, is forecast to reach USD 19.8 billion in 2022, and is projected to reach approximately USD 27.7 billion by 2030, expanding at a CAGR of approximately 10% between 2022 and 2030. Our study provides a comprehensive analysis of the market’s drivers and restraints, as well as their impact on demand throughout the forecast period. In addition, the study analyses worldwide market possibilities and competition in the Electric DC Motors industry.
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