The global electric motor rotor shaft market size is projected to grow from USD 2.24 billion in 2024 to USD 4.44 billion by 2034, at a CAGR of 6.4%, according to a new report by Polaris Market Research.
Rotor shafts are elemental constituents of electric motors for electric vehicles. They transport the mechanical energy created by electromagnetic communication between the rotor and stator to the drive shaft, which sanctions the vehicle to move. Rotor shafts are excessively accountable for the alteration of electrical energy into mechanical action of the drive train. It must be capable of combating accelerated speeds and forces while being made with utmost accuracy to sanction the seamless function of the electric motor.
Electric Motor Rotor Shaft Market Set for 6.4?GR Growth, Projected to Hit USD 4.44 billion by 2034 | PMR