Electric Traction Motor Market Overview by Recent Opportunities, Growth Size, Regional Industry Trends, Market Size, Competitive Analysis and Forecast – 2022 to 2028

Electric Traction Motor Market was valued at USD 12.2 billion in 2021 and is expected to grow at a CAGR of 19% between 2022 and 2028. An electric traction motor is the part of a locomotive that converts electrical energy into mechanical energy, driving a reliable function. Electric motors are primarily used for producing vehicle movement and are powered by generating electricity from other utilities. With the development of electric drives for traction systems, electrification of traction has become popular in a number of traction services, including metro or suburban railways.

Top Major Key Players Industries:

ABB
CG Power
Industrial Solutions
CRRC
GE
Siemens
Others

By Type

Alternating Current
Direct Current

By Power Rating

Below 200 kW
200 – 400 kW
Above 400 kW

By Application
Railway
Electric Vehicle
Industrial Machinery
Others

Scope of the Report

The research study analyzes the global Electric Traction Motor industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Electric Traction Motor Market Report

What was the Electric Traction Motor Market size in 2018 and 2022; what are the estimated growth trends and market forecast (2022-2028).
What will be the CAGR of Electric Traction Motor Market during the forecast period (2022-2028)?
Which segments (product type or applications or end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2022-2028).
Which manufacturer vendor or players in the Electric Traction Motor Market was the market leader in 2022?
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.