HOME Press Releases Electric Traction Motor Market worth 28.51 Billion USD by 2023



Electric Traction Motor Market worth 28.51 Billion USD by 2023


The report "Electric Traction Motor Market by Type (AC and DC), Power Rating (<200 kW, 200 kW to 400 kW, and >400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region - Global Forecast to 2023", The electric traction motor market is expected to grow from an estimated USD 12.41 Billion in 2018 to USD 28.51 Billion by 2023, at a CAGR of 18.10% during the forecast period. The market is set to witness significant growth due to the rising demand from railway sector and the increased demand for energy efficient motors. Moreover, the rising demand of electric vehicles offers promising business opportunity in the electric traction motor market.

                                     Request Sample                                      Request Sample

Browse 61 market data Tables and 38 Figures spread through 129 Pages and in-depth TOC on "Electric Traction Motor Market by Type (AC and DC), Power Rating (<200 kW, 200 kW to 400 kW, and >400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/electric-traction-motor-market-248269129.html
Early buyers will receive 10% customization on reports.

AC segment is expected to be the largest electric traction motor market segment, by type, in 2018.

The AC segment is expected to be the largest segment of the electric traction motor market, by type, in 2018. AC electric traction motors are widely used in the electric vehicles and railway application to provide propulsion and higher torque. Advantages of AC motor, such as less maintenance compared to DC motor, better speed acceleration, and higher efficiency are the key drivers for the growth of the AC electric traction motor market.

The <200 kW segment accounts for the largest share of the electric traction motor market, by power rating, during the forecast period.

The <200 kW segment is expected to be the largest, by power rating, from 2018 to 2023. The factors driving the market for electric traction motors with a rated power <200 kW include vast implementation of these motors in electric vehicles and light rail vehicles such as trams, monorail, trolley lines, and street cars.

Asia Pacific: The largest electric traction motor market during the forecast period.

In this report, the electric traction motor market has been analyzed with respect to five regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Asia Pacific is the largest electric traction motor market, by region, during the forecast period. Rising urbanization and proliferation of electrification, demand from the railway sector, and supportive government plans are expected to drive the market for electric traction motor in this region. China, India, and Japan are the leading countries contributing to the growth of the electric traction motor market in Asia Pacific.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the electric traction motor market, such as CRRC (China), Alstom (France), TSA (Austria), Siemens (Germany), ABB (Switzerland), and Bosch (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

We will organize an analyst call and demonstrate the latent opportunities and threats which will likely impact your business, at no cost.

Speak to Analyst


* Name :
* Business Email :
* Phone :
* Country:
Report EP 6246: Electric Traction Motor Market by Type (AC and DC), Power Rating (<200 kW, 200 kW to 400 kW, and >400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region - Global Forecast to 2023
* Enter the text from the image
   to the textbox :
2 4 7 1 4  
Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports