Frequently Asked Questions
The COVID-19 pandemic negatively influenced industrial verticals, particularly the automotive sector. Most auto production plants were closed during the first few months of the outbreak, which impacted labor and supply.
North America accounted for the most heightened share in the global Electric Motors market.
The market for electric motors is anticipated to be driven by rising household electric motor usage, rising EV adoption, and rising industrial process automation.
The Alternate Current (AC) Motor segment had a largest share in the global market in 2022.
The Automobile segment had a major share of the global market.