Electric Motor for Household Appliances Market Estimated To Be Driven By Innovation And Industrialization By 2030
Electric Motors for Household Appliances Market Overview: The Global Electric Motor for Household Appliances Market size is projected to be worth USD 9893.90 million by 2030, registering a CAGR of 4.88% during the forecast period (2022–2030). Increasing demand for energy-efficient home appliances provides impetus to the market growth of electric motors for household appliances worldwide. Along with technology development, the consumption of household appliances is expected to increase in the next few years. Considering the rise of EV vehicles initiatives across the globe and the rapid adoption of the latest technology & innovations, there is an increase in demand for motors used in household appliances and the automation market. On the other hand, high research and development costs are key factors projected to restrict market growth. Request Sample Report @ https://www.marketresearchfuture.com/sample_request/10690 Report Attribute/Metric Details Mark...