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Electric Traction Motor Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Electric Traction Motor Market
1. The global electric traction motor market is expected to grow at a CAGR of XX% during the forecast period (2019-2026).
The global electric traction motor market is expected to grow at a CAGR of XX% during the forecast period (2019-2026). This growth is attributed to the increasing demand for electric vehicles (EVs) and the need for efficient and powerful traction motors.

Traction motors are used in EVs to convert the chemical energy stored in batteries into mechanical energy, which is used to drive the wheels. They are an essential component of EVs and play a critical role in determining the performance, range, and efficiency of the vehicle.

There are several factors that are driving the growth of the electric traction motor market. The first is the increasing demand for EVs. The global EV market is expected to grow at a CAGR of XX% during the forecast period, and this is expected to drive the demand for electric traction motors.

The second factor is the need for efficient and powerful traction motors. The range and performance of EVs are directly related to the efficiency of the traction motor. Thus, there is a need for high-performance and efficient traction motors that can power EVs for long distances.

The third factor is the increasing focus on reducing emissions. EVs are considered to be more environment-friendly than internal combustion engine (ICE) vehicles as they produce zero emissions. This is leading to an increase in the adoption of EVs, which is driving the demand for electric traction motors.

Some of the key players in the electric traction motor market are Robert Bosch GmbH, Continental AG, Denso Corporation, and Hitachi Ltd.

2. The report offers an in-depth analysis of the key market dynamics that are expected to shape the future of the electric traction motor market.
The report offers an indepth analysis of the key market dynamics that are expected to shape the future of the electric traction motor market. The report covers various aspects such as drivers, restraints, opportunities, and threats. It also provides an overview of the competitive landscape of the market.

The report offers an indepth analysis of the key market drivers that are expected to shape the future of the electric traction motor market. The report covers various aspects such as government regulations, technological advances, and changing consumer preferences. The report also provides an overview of the competitive landscape of the market.

The report offers an indepth analysis of the key market restraints that are expected to shape the future of the electric traction motor market. The report covers various aspects such as high cost of electric vehicles, lack of infrastructure, and range anxiety. The report also provides an overview of the competitive landscape of the market.

The report offers an indepth analysis of the key market opportunities that are expected to shape the future of the electric traction motor market. The report covers various aspects such as growing demand for electric vehicles, government incentives, and increasing investment in the electric vehicle industry. The report also provides an overview of the competitive landscape of the market.

The report offers an indepth analysis of the key market threats that are expected to shape the future of the electric traction motor market. The report covers various aspects such as competition from internal combustion engine vehicles, battery costs, and consumer awareness. The report also provides an overview of the competitive landscape of the market.

3. It provides insights into the latest trends, drivers, and challenges that are affecting the growth of the electric traction motor market.
The electric traction motor market is growing rapidly due to the increasing demand for electric vehicles. The market is expected to grow at a CAGR of XX% during the forecast period (2019-2024).

The major drivers for the growth of the electric traction motor market are the increasing concerns about the environment and the need to reduce the dependence on fossil fuels. The electric vehicles have lower emissions and require less maintenance than the traditional gasoline-powered vehicles.

The challenges that are affecting the growth of the electric traction motor market are the high cost of batteries and the lack of infrastructure. The batteries are the most expensive component of an electric vehicle and the lack of infrastructure makes it difficult to charge the vehicles.

4. The report offers a detailed segmentation of the electric traction motor market based on type
Electric traction motors are used in a wide variety of applications, from small electric vehicles to large locomotives. The report offers a detailed segmentation of the electric traction motor market based on type, application, and geography.

The market for synchronous electric traction motors is expected to grow at the highest CAGR during the forecast period. This is attributed to the increasing demand for these motors from the railway sector for locomotives.

The automotive sector is the largest application segment for electric traction motors. The increasing adoption of electric vehicles, which use electric traction motors for propulsion, is driving the growth of this application segment.

The Asia-Pacific region is the largest market for electric traction motors, followed by Europe and North America. The large share of the Asia-Pacific region is attributed to the increasing demand for electric vehicles in the region. China is the largest market for electric traction motors in the world.

Some of the key players in the electric traction motor market are ABB Ltd. (Switzerland), Siemens AG (Germany), Hitachi, Ltd. (Japan), Toshiba International Corporation (Japan), Nidec Corporation (Japan), Robert Bosch GmbH (Germany), and Denso Corporation (Japan).

Key Players Covered:

The leading electric traction motor companies in the world are ABB, Alstom, Siemens, Bosch, Nidec Motor Corporation, Ametek, Johnson Electric, Škoda Transportation a.s., Traktionssysteme Austria, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., and Vem Group.

Segmentation

 

 ATTRIBUTE

 DETAILS
 

By Type

 

 

    • AC Motor
    • DC Motor
 

By Power Rating

 

 

    • Below 200kW
    • 200kW to 400kW
    • Above 400kW
 

By Application

 

 

    • Railways
    • Electric Vehicle
    • Others
 

By Geography

 

 

    • North America (USA and Canada)
    • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
    • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
    • Latin America (Brazil, Mexico and Rest of Latin America)
    • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
 

By Type

 

 

    • AC Motor
    • DC Motor
 

By Power Rating

 

 

    • Below 200kW
    • 200kW to 400kW
    • Above 400kW
 

By Application

 

 

    • Railways
    • Electric Vehicle
    • Others

ABB, Alstom, Siemens, Bosch, Nidec Motor Corporation, Ametek, Johnson Electric, Škoda Transportation a.s., Traktionssysteme Austria, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., and Vem Group.

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