Electric Traction Motor Market: Revenue Growth, Key Players, Qualitative Analysis, Quantitative Analysis, Forecast up to 2030

SDKI Inc. published a new report on the electric traction motor market. This study includes the statistical and analytical approaches needed to grow the electric traction motor market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-109733

The electric traction motor market is estimated to grow from US $ 12.41 billion in 2018 to US $ 28.51 billion by 2023, with a CAGR of 18.10% between 2018-2023. Increased investment in the rail sector, high demand for efficient motors for propulsion applications, and increasing attention to electric vehicles to reduce carbon emissions are driving the growth of the global electric traction motor market. doing. In addition, the enhanced focus placed by automakers on the development of electric vehicles offers significant growth opportunities for players in the electric traction motor market during the forecast period. However, price fluctuations in raw materials such as copper and aluminum act as a restraining factor in the electric traction motor market.

Market segment

The electric traction motor market is by type (AC and DC), power rating ( 400 kW), application (railway, electric vehicle, elevator, conveyor, and industry). Machine), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Report sample URL
https://www.sdki.jp/sample-request-109733

Based on the application, the rail segment is expected to hold the largest share of the electric traction motor market during the forecast period.

The rail segment of the global electric traction motor market is expected to grow at a fast pace during the forecast period. This growth can be attributed to population growth in developing regions such as the Middle East and Asia Pacific, as well as increasing urbanization around the world. In addition, increasing attention to speed control and high starting torque required for rail vehicles, and increased investment in rolling stock are key driving forces in the rail application segment.

Regional Overview

The Asia Pacific region holds the largest market share for electric traction motors in 2018, followed by Europe and North America. China and Japan are expected to become the largest electric traction motor markets in the region with significant investment in the rail sector. Europe, on the other hand, is the second largest region of electric traction motors, followed by North America, the Middle East and Africa. Increased investment in the aging rail sector and increased attention to electric vehicles are expected to boost demand for electric traction motors. In addition, the electric traction motor market is growing steadily in countries such as India, Australia and South Korea due to increased investment in railway projects related to high-speed rail and subway.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific); Latin America (Brazil, Mexico, Argentina, and other Latin). USA); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy, Spain) , Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Detailed contents of the survey report
https://www.sdki.jp/reports/electric-traction-motor-market/109733

Key players on the market Key players

on the electric traction motor market include CRRC (China), Alstom (France), TSA (Austria), Bosch (Germany), Siemens (Germany), ABB (Switzerland), etc. .. The study includes a detailed competitive analysis of these major companies in the electric traction motor market, corporate profiles, recent developments, and key market strategies.

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+ 81345720790
sales@sdki.jp

SDKI Inc. Company Profile

SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.