India Electric Motor Market: Key Players and Competitive Landscape
India's Electric Motor Market Poised for Significant Growth
The India electric motor market is projected to experience substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 17.45% from 2023 to 2030, reaching a market size of approximately US$1.35 billion by 2023.This surge is driven by increasing industrial automation, a burgeoning electric vehicle (EV) sector, and a...