Besides this, they cost less than a fossil-fuel engine and have considerable endurance for fluctuating voltages. As a result, electric motors are extensively utilized in electric cars, compressors, machine tools, industrial fans, hard disk drives, and domestic appliances around the world.

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Expansion in industrial automation represents one of the significant factors propelling the growth of the market. Additionally, technological advancements have enabled manufacturers to introduce compact, stronger, and more efficient variants, such as axial-flux electric motors.

Apart from this, the rising purchasing power of individuals, along with initiatives undertaken by governments of numerous countries to boost the sales of electric vehicles (EVs) for minimizing carbon emissions, is anticipated to strengthen the growth of the market.

The project report on electric motor covers the following aspects:

Market Snapshot (Market Performance, Segments, Regional Insights, Covid-19 Impact, and outlook)

Manufacturing Process:

Project Details, Requirements, and Costs Involved

Project Economics

Regulatory Procedures and Approval

Key Success and Risk Factors

In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally, and our estimates about the latest market trends and forecasts, are being done after considering the impact of this pandemic.

About Us: Syndicated Analytics, a subsidiary of IMARC Group, offers consulting services and provides comprehensive market intelligence in the form of research reports, production cost reports, and feasibility studies. Our team, consisting of experienced researchers and analysts from diverse industries, is deeply committed to the quality of the information and insights delivered to the clients, which range from small and medium enterprises to Fortune 1000 companies. These firms are able to achieve this by studying the qualitative and quantitative aspects of the market as well as staying up-to-date with the current and evolving trends of the industry.

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