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Electric traction motor by power rating, has been segmented into <200 kW, 200 kW to 400 kW, and >400 kW. The <200 kW segment is expected to grow at the fastest rate during the forecast period. Electric traction motors with a power rating <200 kW are widely used in electric vehicles and light rail vehicles such as trams, mono rail, and others. Need for decarbonizing transport sector and increasing investments in the light rail vehicles are expected to drive the market for electric traction motors with rate power <200 kW during the forecast period.
The electric vehicle segment is expected to grow at the highest CAGR during the forecast period. The demand for electric vehicles is increasing in order to reduce the emissions and to the increase efficiency of the vehicles by decreasing the dependence on internal combustion engines.
Market Analysis and Insights: Global Electric Traction Motor Market
The global Electric Traction Motor market size is projected to reach US$ 27860 million by 2026, from US$ 12260 million in 2020, at a CAGR of 14.7% during 2021-2026.
This report focuses on Electric Traction Motor volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Electric Traction Motor market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
Global Electric Traction Motor Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
AC
DC
Segment by Application
Railway
Electric vehicles
Others (Elevators, conveyors, and industrial machinery)
Global Electric Traction Motor Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Electric Traction Motor market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Electric Traction Motor Market:
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Benchmarking, Crrc, Alstom, Traktionssysteme AustriA, Siemens, ABB, BoscH, CG Power, General Electric (GE), NIDEc, Skoda Electric, ToshibA, Weg Sa, etc.
The electric vehicle segment is expected to grow at the highest CAGR during the forecast period. The demand for electric vehicles is increasing in order to reduce the emissions and to the increase efficiency of the vehicles by decreasing the dependence on internal combustion engines.
Market Analysis and Insights: Global Electric Traction Motor Market
The global Electric Traction Motor market size is projected to reach US$ 27860 million by 2026, from US$ 12260 million in 2020, at a CAGR of 14.7% during 2021-2026.
This report focuses on Electric Traction Motor volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Electric Traction Motor market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Japan, China, Southeast Asia, India, etc.
Global Electric Traction Motor Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
AC
DC
Segment by Application
Railway
Electric vehicles
Others (Elevators, conveyors, and industrial machinery)
Global Electric Traction Motor Market: Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Electric Traction Motor market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.
Global Electric Traction Motor Market:
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.
The major players in the market include Benchmarking, Crrc, Alstom, Traktionssysteme AustriA, Siemens, ABB, BoscH, CG Power, General Electric (GE), NIDEc, Skoda Electric, ToshibA, Weg Sa, etc.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
