According to a new market research report launched by Inkwood Research, the Global Traction Motor Market is growing at a CAGR of 14.55% between 2021 and 2028, and is anticipated to reach around $33770.78 million by 2028.
Browse 41 market data Tables and 42 figures spread over 141Pages, along with in-depth analysis on Global Traction Motor Market by Type, Power Rating, Application & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global Traction Motor Market Scenario
Traction motors are a type of electric motors, used for propulsion of a machine or a vehicle. The most common use of these motors is found in railways and elevators. Nowadays, owing to technological advancements, electric vehicles and industrial vehicles are using them to power their motion. A broad range of traction motors available in the market includes DC motors, AC motors, and synchronous motors.
The global traction motors market is witnessing significant growth, attributable to various drivers, such as a high requirement for low emission technology, growing adoption of electric vehicles, and advancement in the railway industry. Moreover, key benefits, such as compact design, power efficiency, and low maintenance costs, are further influencing the presence of the market, globally. However, factors such as fluctuating prices of raw materials, and high funding requirements, are limiting the overall growth of the market.
The Global Traction Motor Market report provides data tables and includes charts and graphs for visual analysis.
Request Free Sample Report for Global Traction Motor Market by Type, Power Rating, Application & by Geography: https://www.inkwoodresearch.com/reports/traction-motor-market/#request-free-sample
Market by Power Rating
- Less Than 200kw
- 200-400 Kw
- More Than 400kw
Market by Type
- DC Traction Motor
- AC Traction Motor
- Synchronous Motor
Market by Application
- Industrial Vehicles
- Electric Vehicles
– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
– Market forecasts till 2028, using estimated market values as the base numbers
– Key market trends across the business segments, regions and countries
– Key developments and strategies observed in the market
– Market dynamics such as drivers, restraints, opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2028
- CG POWER AND INDUSTRIAL SOLUTIONS
- AMERICAN TRACTION SYSTEMS
- MITSUBISHI ELECTRIC CORPORATION
- WABTEC CORPORATION
- HYUNDAI ROTEM COMPANY
- TOSHIBA INTERNATIONAL CORPORATION
- HITACHI LTD
- ABB LTD
- ŠKODA TRANSPORTATION
GLOBAL ELECTRIC MOTOR MARKET – Global electric motor market is estimated to grow at 6.08% of CAGR between 2019 and 2027.
GLOBAL INDUCTION MOTORS MARKET – Global induction motor market is expected to rise at a CAGR of 11.76% during the forecast period.