Electric Traction Motor Market Gains Traction with the Rise of Electric Vehicles
The electric traction motor market has grown significantly in recent years, owing to the growing popularity of electric vehicles (EVs) worldwide. Electric traction motors are a critical component of electric vehicles, providing the necessary power to drive the wheels and propel the vehicle forward.
According to a latest research, ‘The global electric traction motor market is projected to...
Global Electric Traction Motor Market Driven by Rising Investments in Electric Vehicles
New Revenue Pockets:
The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. Growing demand for high-performance motors, across the end use segment is propelling the demand for electric traction motor market. Furthermore, favorable government policies and...
Electric Traction Motor Market to Hit $22.2 billion by 2027
According to a new market research report “Electric Traction Motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above 400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery) and Region – Global Forecast to 2027” The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an...
Electric Traction Motor Market Revenue to Hit $36.6 Billion by 2025 | ABB, CG Power, CRRC, GE, Siemens
Global Electric Traction Motor Market – Overview
The global electric traction motor market is expected to grow at a CAGR of 20.9%, from 2020 to 2025, to reach USD 36.6 billion by 2025 from an estimated market size of USD 14.2 billion in 2020. A traction motor is an electric motor used for propulsion in various applications, particularly in electric and diesel-electric locomotive applications,...
Automotive Traction Motor Market: Trends and Developments
The Global Automotive Traction Motor Market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026.
With the increasing stringency of government mandates regarding emissions caused by vehicles, the automotive industry focuses on efficiency, emission-free propulsion, and innovative technologies. With the increasing adoption of electric vehicles and improved...
Electric traction motor Market is Projected to Reach $36.6 billion by 2025 at a CAGR of 20.9% from 2020 to 2025
The report “Electric traction motor Market
by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above
400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors,
and Industrial Machinery), and Region: Global Forecast to 2025″
The electric traction motor market is expected to grow from an
estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion...