Press release
Global Electric Traction Motor Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
An electric motor known as a traction motor is one that is created primarily for propulsion in vehicles like trains, electric cars, and hybrid electric cars. It provides the necessary traction to power the vehicle's movement by delivering torque to drive the wheels or axles of the vehicle. A traction motor is a crucial part of the power train of contemporary automobiles since it is often made to work with great efficiency and power density. The traction motor is a crucial part of an electric vehicle's power train and is in charge of providing the torque and power required for the vehicle to move in EVs and HEVs.
Browse complete "Electric Traction Motor Market" report with TOC @ https://www.strategymrc.com/report/electric-traction-motor-market
Europe is projected to have the highest CAGR over the forecast period, owing to the region's rapid urbanization, which has increased air pollution, greenhouse gas emissions, and energy waste; the growing government emphasis on the adoption of efficient and sustainable transportation solutions; and the rising daily commuter traffic. The widespread use of EVs, such as automobiles, scooters, and buses; heavy investment by auto industry titans; application of environmental laws; and expanding end-use sectors in addition, to that Europe generates the bulk of the region's income due to the presence of important industry players, the rapid adoption of electric cars, and the high level of consumer spending in the nation.
Some of the key players profiled in the Electric Traction Motor Market include Siemens AG, ABB, Ltd., Delphi Automotive LLP, Mitsubishi Electric Corporation, Caterpillar Inc., General Electric Co., Toshiba Corporation, Hitachi, Ltd., Magna International, Hyundai Rotem Company, Schneider Electric SE,Alstom S.A., CG Power and Industrial Solutions Ltd., CRRC Corporation Limited, Robert Bosch GmbH, Traktionssysteme Austria (TSA) GmbH, Kawasaki Heavy Industries Ltd., Prodrive Technologies, Transtech Melbourne Pty Ltd. And The Curtiss-Wright Corporation.
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Key Developments:
In August 2023, Siemens launches new SIRIUS 3UG5 line monitoring relays, the relays are the easiest way to monitor standards-compliant grid stability and quality, ensuring proper system operation and a long service life of components such as motors or compressors.
In July 2023, ABB and Microsoft collaborate to bring generative AI to industrial applications, the collaboration aims to deploy Copilot capabilities to enable more intuitive user interaction with ABB Ability™ Genix Industrial Analytics and AI Suite and its applications.
In May 2023, Mitsubishi Electric and Mitsubishi Heavy Industries Definitively Agree to Integrate Their Power-generator Systems Businesses, prior to the establishment of the joint-venture company; a preparatory company will be established.
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
For more information about this report visit https://www.strategymrc.com/report/electric-traction-motor-market
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Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, Market experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
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