Electric Traction Motors Market 2021 Trending Technologies, Developments, Key Players, End-use Industry, Technologies And Future Growth Projections By 2026 |KONCAR, CG Power and Industrial Solutions, Siemens AG, Parker-Hannifin Corp

The Global “Electric Traction Motors Market” provides a comprehensive assessment of the market environment that covers both current and future market conditions. In terms of drivers, opportunities, and constraints, research provides information on evolving trends and market dynamics. The report also includes a competitive profile of major bar feeder product suppliers and their latest developments. Trends that are expected to impact the long-term outlook for the industry are analysed in the report. Among other things, it includes a market overview, most important player profiles, important developments, basic food suppliers and retailers. It also includes market size, sales, forecasts, shares, industry demand, growth rates, and sales.

Market Overview

The Global Electric Traction Motors Market Size is Projected to Reach at a CAGR of 40.6% during 2021-2026. Factors such as increasing demand for high-performance electric traction motors, favorable government policies and subsidies for electric vehicles, and an increase in railway electrification projects are likely to drive the drive. However, price volatility of raw materials such as copper and aluminum, and safety and reliability concerns are significant factors that are expected to hinder the market growth during the forecast period.

With supportive government initiatives and incentives, electric vehicles are expected to have significant demand for traction motors during the forecast period.
On account of growing concerns regarding air pollution, governments across various nations have set targets to implement or to transform existing transportation modes from fossil fuel to electricity. Developing countries like India are planning to electrify 30% of its passenger vehicles by 2030, which is likely to provide ample opportunity for the electric traction motor companies in the near future.
Asia-Pacific is expected to witness significant growth during the forecast period, with the majority of the demand coming from China, India, Japan, and South Korea.

The data studied for the preparation of the report takes under consideration the present major players and therefore the major players which will be listed. Industry top players are: KONCAR,    CG Power and Industrial Solutions,    Siemens AG,    Parker-Hannifin Corp,    SKF AB, ABB Ltd.,    Alstom SA,    CRRC Corporation Limited,    Robert Bosch GmbH,    Nidec Corporation,    Toshiba Corp,    Lynch Motors

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Covid-19 Impact and Recovery Analysis:

The number one goal of this Electric Traction Motors Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Electric Traction Motors market document.

Market segmentation

Electric Traction Motors market is split by Type and by Application. For the period 2021-2026, the growth among segments provides accurate cunnings and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segmentation by type:

AC

DC

Market segmentation by application:

Rail Industry

Electric Vehicle

Boat

Others

Regional Analysis:

Global Electric Traction Motors Market is further classified on the basis of region as follows:

With its large fleet of electric vehicles, rail, and metro projects, Asia-Pacific is one of the significant regions that is estimated to have the highest demand for electric traction motor.
China, India, Japan, and South Korea are the dominating countries in the region and are growing rapidly in electrification projects.
With the rapid urbanization, China is planning to reduce pollution from its road transport vehicles. At the same time, it also intends to reduce the country’s dependence on hydrocarbon imports and support the development of the industrial sector.
China is the largest electric vehicle market globally, with a sales unit of nearly 2.3 million until 2018. China leaped in 2018, with 1.1 million EV sales.
Apart from EV, China is transforming its railway projects from conventional fossil fuel engines to electric engines. As of 2018, nearly 73% of the China passenger movement is done by high-speed or urban trains.
India, on the other hand, is on a transition phase to electrify the entire railway sector. As per the government, by 2024, India is determined to transform the entire railway network to electricity.

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Table of Contents Electric Traction Motors Market

- Chapter 1: Overview of Electric Traction Motors Market

- Chapter 2: Global Market Status and Forecast by Regions

- Chapter 3: Global Market Status and Forecast by Types

- Chapter 4: Global Market Status and Forecast by Downstream Industry

- Chapter 5: Market Driving Factor Analysis

- Chapter 6: Market Competition Status by Major Manufacturers

- Chapter 7: Major Manufacturers Introduction and Market Data

- Chapter 8: Upstream and Downstream Market Analysis

- Chapter 9: Cost and Gross Margin Analysis

- Chapter 10: Marketing Status Analysis

- Chapter 11: Market Report Conclusion

- Chapter 12: Research Methodology and Reference.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Electric Traction Motors Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Electric Traction Motors Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report offers significant features about the central members that are existing in the business for quite a while just as gives insights about their production design, product portfolio, and other data. The study document contains an assessment of various drivers, upcoming technologies, opportunities, market risks, restraints, market barriers, challenges, trends, competitive landscape, and segments which gives an exact picture of the growth of the global Electric Traction Motors market.

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