Electric Traction Motor Market Size Share Growth Trends and Forecast Analysis

The Electric Traction Motor market crossed the US$ 11 billion mark in 2022 and is expected to hit US$ 24 billion by 2030, recording a CAGR of 13% during the forecast period.

The demand for traction motors with a power rating of 200 kW to 400kW is increasing owing to investment in high-speed trains, metro systems, and subway trains. With the rise in mentioned trains in countries including the UK, China, Japan, Germany, and many more, the demand for related components will also rise. This factor is creating the demand for electric traction motors and henceforth generating demand for 200 kW to 400kW of electric traction motors. Further, >400 kW is expected to gain traction during the forecasted year.

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The Electric Traction Motor market following are the manufacturers cover -
o ABB Ltd.
o Skoda Electric
o Toshiba Corporation
o General Electric
o Weg SA

The leading players of the Electric Traction Motor industry, their market share, product portfolio, company profiles are covered during this report. Key market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among Electric Traction Motor players will help the industry aspirants in planning their strategies. The statistics presented in this report are an accurate and helpful guide to shaping your business growth.

The report includes an executive summary, regional economic outlook, and summary sections which provide a consistent analysis of the Electric Traction Motor Market 2022 - 2030. in addition, the report within the market overview section outlines PLC analysis and PESTLE analysis to provide a thorough analysis of the market. The overview section details Porter's 5 forces analysis that helps to reveal a possible situation of the market by revealing a competitive situation with respect to the Electric Traction Motor Market.

In this report, the market has been segmented on the basis of:

• Power Rating:
o 400 kW

• Application
o Railway
o Electric Vehicles
o Industrial Machinery
o Conveyors
o Elevators

• Region
o North America
o Europe
o Asia Pacific (APAC)
o South & Central America
o Middle East & Africa

Recent Strategic Developments in the Electric Traction Motor Market
The electric traction motor market has undergone several significant developments, and a few of these have been mentioned below:

• In July 2022, Mahle introduced a new electric traction motor that can be used for passenger cars, commercial vehicles, construction machines, and tractors.
• In April 2022, ABB announced that they are constructing a manufacturing unit of traction motor for rail and metro in India. The unit will have the capacity to produce 1,500 traction motor annually.

This analysis report also presents practical and practical case studies to help you get a clearer understanding of the subject. This analysis report has been prepared through industry analysis techniques and presented in a professional manner by including effective information graphics whenever necessary. It helps ensure business stability and rapid development to achieve notable remarks within the Electric Traction Motor market.

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Table of Contents: Electric Traction Motor Market 2022 - 2030
Chapter 1: Overview of Electric Traction Motor
Chapter 2: Regional Market Status and Forecast by Regions
Chapter 3: Regional Market Status and Forecast by Types
Chapter 4: Regional Market Status and Forecast by Downstream Industry
Chapter 5: Market driving correlational analysis
Chapter 6: Market competition status by major makers
Chapter 7: Major manufacturer's 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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This release was published on openPR.