[Latest] Global Electric Traction Motor Market Size/Share

Austin, TX, USA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electric Traction Motor Market Size, Trends and Insights By Type (AC motor, DC Motor), By Power Rating (<200 kW, 200 kW to 400 kW, >400 kW), By Application (Electric Vehicles, Railways, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand for global Electric Traction Motor Market size & share was valued at approximately USD 12 Billion in 2021 and is expected to reach USD 12.2 Billion in 2022 and is expected to reach a value of around USD 24 Billion by 2030, at a compound annual growth rate (CAGR) of about 13% during the forecast period 2022 to 2030.”

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Electric Traction Motor Market: Overview

Traction motor-equipped vehicles are exclusively hybrid and battery-powered (BEVs). BEVs and HEVs have rapidly gained recognition in the global automotive industry by providing almost zero emissions and fuel efficiency at ever-lower prices. Around the world, numerous automakers are currently creating cutting-edge HEV and EV designs. For consumers to experience the best range and fuel economy, preventing electrical and magnetic losses is essential.

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Growth Factors

The market is expanding due to increased investments in electric vehicles and the growing adoption of energy-efficient motors. EV sales are increasing due to the traction motors’ high efficiency and low power consumption. Additionally, tight environmental regulations and emission limits to safeguard environmental sustainability fuel the demand for EVs, creating excellent conditions for market expansion.

A growing popular preference for zero-emission vehicles has resulted in a global boom in hybrid electric vehicle (HEV) sales. Therefore, the market would gain from the increased HEV production. The government is also implementing various schemes, like tax benefits and rebates, to boost EV sales, driving the market for EV traction motors.

Segmental Overview

The market for Electric Traction motors is segmented into type, power rating, and application. Railways, electric cars, and other applications make up the electric traction motor market. Elevators, industrial equipment, and conveyor belts are more examples. The electric vehicle segment is anticipated to develop faster during the projected period. The demand for effective traction motors is rising as more electric vehicles are on the road globally. Tesla, Mercedes, BMW, Daimler, Jaguar Land Rover, and Toyota are some of the top manufacturers that use traction motors.

The market for electric traction motors is divided into two types: AC and DC. The AC segment is anticipated to be the market’s largest by type for electric traction motors during the anticipated period. Electric cars, industrial machinery, and the rail industry frequently employ these motors for propulsion. Compared to DC motors, AC motors are more effective and simpler to manage.

(A free sample of the Electric Traction Motor report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Electric Traction Motor report has been modified to include the COVID-19 impact study prior to delivery.)

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Regional Overview

The Asia Pacific region will lead the electric DC motor market in 2021. The expansion is anticipated to result from an increase in the use of electric vehicles (EVs) and a significant number of rail and metro projects in the continent’s developing nations, including China, India, Japan, and others. Due to its rapid urbanization, China intends to reduce the pollution from its road transport vehicles, which will spur the development of electric vehicles. These elements will influence future market statistics for electric transition motors in China.

In 2021, Europe ranked second after North America in terms of the use of electric traction motors. The need for electric traction motors in the area is rising along with the demand for electric automobiles.

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Key questions answered in this report:

What is the size of the Electric Traction Motor market and what is its expected growth rate?
What are the primary driving factors that push the Electric Traction Motor market forward?
What are the Electric Traction Motor Industry's top companies?
What are the different categories that the Electric Traction Motor Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Electric Traction Motor market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Report Scope

Feature of the Report	Details
Market Size in 2021	USD 12 Billion
Projected Market Size in 2030	USD 24 Billion
CAGR Growth Rate	13% CAGR (2022-2030)
Base Year	2022
Forecast Period	2023-2032
Prominent Players	Siemens AG, NIDEC Corporation, CRRC, Skoda Electric, CG Power, GE, Bosch, Alstom, and Others
Key Segment	By Type, Power Rating, Application, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

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Browse the full “Electric Traction Motor Market Size, Trends and Insights By Type (AC motor, DC Motor), By Power Rating (<200 kW, 200 kW to 400 kW, >400 kW), By Application (Electric Vehicles, Railways, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/electric-traction-motor-market/

Key Players Insights

The competitive landscape for the electric traction motor market includes information from competitors. The company’s financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, global presence, production capacities, product launch, company strengths and weaknesses, product width and breadth, and application dominance are among the details that are included. As mentioned earlier, the data are limited to the companies’ systems with a market-related focus.

Some of the prominent players

Siemens AG
NIDEC Corporation
CRRC
Skoda Electric
CG Power
GE
Bosch
Alstom

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The global Electric Traction Motor market is segmented as follows:

By Type

AC motor
DC motor

By Power Rating

<200 kW
200 kW to 400 kW
>400 kW

By Application

Electric Vehicles
Railways
Others

Click Here to Get a Free Sample Report of the Global Electric Traction Motor Market @ https://www.custommarketinsights.com/report/electric-traction-motor-market/

On the basis of Geography

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Electric Traction Motor Market Research/Analysis Report Contains Answers to the following Questions.

Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Electric Traction Motor Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Electric Traction Motor Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electric Traction Motor Market?
What Is the Current Market Status of the Electric Traction Motor Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electric Traction Motor Market by Considering Applications and Types?
What Are Projections of the Global Electric Traction Motor Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Electric Traction Motor Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Electric Traction Motor Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Electric Traction Motor Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Traction Motor Industry?

Click Here to Access a Free Sample Report of the Global Electric Traction Motor Market @ https://www.custommarketinsights.com/report/electric-traction-motor-market/

Reasons to Purchase Electric Traction Motor Market Report

Electric Traction Motor Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Electric Traction Motor Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Electric Traction Motor Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Electric Traction Motor Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Electric Traction Motor market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Traction Motor market analysis.

The competitive environment of current and potential participants in the Electric Traction Motor market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Electric Traction Motor market should find this report useful. The research will be useful to all market participants in the Electric Traction Motor industry.
Managers in the Electric Traction Motor sector are interested in publishing up-to-date and projected data about the worldwide Electric Traction Motor market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Traction Motor products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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