Traction motor is a sort of motor. Electrical traction is defined as the system that uses electric power for traction system like railway, trams, and trolleys. Also, electric traction means locomotion during which the drive is obtained from electrical motors. An electrical traction motor is employed to form rotation torque on a machine. It is used in electrically powered rail vehicles like electric multiple units and electric locomotives. The global electric traction motor market is driven majorly by factors like growing investments within the railway sector and increasing demand for energy-efficient motors.
The electric traction motor market is expected to be around USD 41 billion by 2027 at a CAGR of 21%
Additionally, unstable fuel prices, emission norms, and environmental regulation are a number of the factors expected to spice up the market growth during forecast period. Nevertheless, price volatility of raw materials like copper and aluminium and safety and reliability concerns are major factors hindering the market development. Increasing specialise in electric vehicles so as to scale back carbon emissions is predicted to make a big opportunity for market players to spice up growth of the market over forecast period.
Global Electric Traction Motor market is segmented based on the Application as, Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery. On the basis of Power Rating, Below 200 kW, 200-400 kW, and Above 400 kW. The report segments global Electric Traction Motor market based on Type as AC and DC.
Global Electric Traction Motor market report covers various regions including North America, Europe, Asia Pacific, and Rest of World. The regional Electric Traction Motor market is further bifurcated for major countries including U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Brazil, South Africa and others.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Electric Traction Motor market manufacturers. The revenue generated from the sales of Electric Traction Motor manufacturer has been calculated through primary and secondary research.
The market size estimation also considered leading players revenues as part of triangulation the key players considered are ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), GE (US), and Siemens (Germany). Availability service among others operating in the Electric Traction Motor market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes types of segmentation determined using secondary sources and verified through primary sources.
The Electric Traction Motor Market has been segmented as below:
Electric Traction Motor Market, By Application
Electric Traction Motor Market, By Power Rating
Electric Traction Motor Market, By Type
Electric Traction Motor Market, By Region
Report scope:
The global Electric Traction Motor market report covers detailed study with the underlying influencing factors for the variations in the industry growth trends. The report scope includes market analysis on regional as well as country level.
Reasons to Buy this Report:
Below are our new reports
Fleet Management Market
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Market Research Process
2.3. Research Data Analysis
2.3.1. Secondary Research
2.3.2. Primary Research
2.3.3. Models for Estimation
2.4. Market Size Estimation
2.4.1. Bottom-Up Approach
2.4.2. Top-Down Approach
3. Executive Summary
4. Electric Traction Motor Market, By Application
4.1. Key Points
4.2. Railways
4.2.1. Market Overview
4.2.2. Market Size & Forecast
4.3. Electric Vehicle
4.3.1. Market Overview
4.3.2. Market Size & Forecast
4.4. Others
4.4.1. Market Overview
4.4.2. Market Size & Forecast
5. Electric Traction Motor Market, By Power Rating
5.1. Key Points
5.2. Below 200 kW
5.2.1. Market Overview
5.2.2. Market Size & Forecast
5.3. 200-400 kW
5.3.1. Market Overview
5.3.2. Market Size & Forecast
5.4. Above 400 kW
5.4.1. Market Overview
5.4.2. Market Size & Forecast
6. Electric Traction Motor Market, By Type
6.1. Key Points
6.2. AC
6.2.1. Market Overview
6.2.2. Market Size & Forecast
6.3. DC
6.3.1. Market Overview
6.3.2. Market Size & Forecast
7. Electric Traction Motor Market, By Region
7.1. North America
7.1.1. North America Electric Traction Motor Market, By Application
7.1.2. North America Electric Traction Motor Market, By Power Rating
7.1.3. North America Electric Traction Motor Market, By Type
7.1.4. By Country
7.1.4.1. U.S
7.1.4.2. Canada
7.1.4.3. Mexico
7.2. Europe
7.2.1. Europe Electric Traction Motor Market, By Application
7.2.2. Europe Electric Traction Motor Market, By Power Rating
7.2.3. Europe Electric Traction Motor Market, By Type
7.2.4. By Country
7.2.4.1. U.K
7.2.4.2. Germany
7.2.4.3. Italy
7.2.4.4. France
7.2.4.5. Rest of Europe
7.3. Asia Pacific
7.3.1. Asia Pacific Electric Traction Motor Market, By Application
7.3.2. Asia Pacific Electric Traction Motor Market, By Power Rating
7.3.3. Asia Pacific Electric Traction Motor Market, By Type
7.3.4. By Country
7.3.4.1. China
7.3.4.2. Australia
7.3.4.3. Japan
7.3.4.4. South Korea
7.3.4.5. India
7.3.4.6. Rest of Asia Pacific
7.4. Rest of World
7.4.1. Rest of World Electric Traction Motor Market, By Application
7.4.2. Rest of World Electric Traction Motor Market, By Power Rating
7.4.3. Rest of World Electric Traction Motor Market, By Type
The Electric Traction Motor Market has been segmented as below:
Electric Traction Motor Market, By Application
Electric Traction Motor Market, By Power Rating
Electric Traction Motor Market, By Type
Electric Traction Motor Market, By Region
