The ‘Electric Traction Motor Market’ research report drafted by Brand Essence Market Research elucidates relevant market and competitive insights as well as regional and consumer information. In a nutshell, the research study covers every pivotal aspect of this business sphere that influences the existing trends, profitability position, market share, market size, regional valuation, and business expansion plans of key players in the Electric Traction Motor Market.
"Electric Traction Motor Market is valued at USD 9.77 Billion in 2018 and expected to reach USD 33.55 Billion by 2025 with the CAGR of 19.27% over the forecast period."
Electric traction motor is a part of locomotive converting electrical energy into mechanical energy that drives reliable function. Electrical motors are primarily used for producing the vehicle movement and are powered by generating electricity from different utilities. With the advancement of electrical drives for traction systems, electrification of traction has become popular in number of traction services including metro or suburban railways.
Key Players for Global Electric Traction Motor Market Report–
Key players of the electric traction motor market are ABB, CG Power and Industrial Solutions, CRRC, GE, Siemens and others.
Asia pacific is Expected to Witness a Fastest Growth in the Global Electric Traction Motor Market
Asia pacific is expected to witness a fastest growth in the global electric traction motor market due to the rapid expansion of railway networks across Asian countries, favorable government initiatives towards fuel efficient vehicles coupled with the growing sales of electric vehicles. For example; in 2018 China remained the world’s largest EV market with around 2.3 million electric vehicles are in active use. In addition, China accounts for more than 80% of the world electricity demand for EVs. Europe is emerging as the second leading region of electric traction motor market owing to the presence of large automotive industry and rise in development of high speed railway. European OEMs have largely adopted different strategies to reduce CO2 emissions by making electrification its first priority than fuel based technologies.
Table of Contents:
Study Coverage: It includes study objectives, years considered for the research study, growth rate and Electric Traction Motor market size of type and application segments, key manufacturers covered, product scope, and highlights of segmental analysis.
Executive Summary: In this section, the report focuses on analysis of macroscopic indicators, market issues, drivers, and trends, competitive landscape, CAGR of the global Electric Traction Motor market, and global production. Under the global production chapter, the authors of the report have included market pricing and trends, global capacity, global production, and global revenue forecasts.
Electric Traction Motor Market Size by Manufacturer: Here, the report concentrates on revenue and production shares of manufacturers for all the years of the forecast period. It also focuses on price by manufacturer and expansion plans and mergers and acquisitions of companies.
Production by Region: It shows how the revenue and production in the global market are distributed among different regions. Each regional market is extensively studied here on the basis of import and export, key players, revenue, and production.
Global Electric Traction Motor Market Segmentation:–
By Power Rating:
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