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,...