Electric Traction Motor Market to Surge $22.2 billion by 2027

1. Electric Traction Motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above 400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery) and Region - Global Forecast to 2027 www.MarketsandMarkets.com

2. The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. The increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector are likely to drive the market growth. View detailed Table of Content here –https://www.marketsandmarkets.com/Market-Reports/electric-traction-motor-market-248269129.html

3. The AC segment is expected to be the fastest growing segment, by type, during the forecast period The AC electric traction motor segment is expected to be the fastest growing segment by type for electric traction motors during the forecast period. AC electric traction motors are simple to construct and do not require any additional mechanical contacts such as brushes to work. They are more efficient and less expensive to manufacture. Therefore, the demand for AC electric traction motors is likely to increase in the market during the forecast period. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=248269129

4. Below 200 kW is expected to be the fastest growing segment in the electric traction motor market, by power rating, during forecast period By Power rating, below 200 kW segment is expected to dominate the electric traction motor market from 2022 to 2027. The rising investment in electric vehicles is one of the major factors driving the growth of this segment. Electric vehicles that use these motors include Plug-In Hybrid Vehicles (PHEVs), Hybrid Electric Vehicles (HEVs), Battery Electric Vehicles (BEVs), electric two wheelers, and electric buses.

5. Browse >> 197market data tables 48 figures 190 pagesand in-depth TOC on “Electric Traction Motor Market Market- Global Forecast to 2027” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $4950 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

6. Asia Pacific: Projected to be the largest market for electric traction motors during the forecast period Asia Pacific is projected to have largest market across the global for electric traction motor during forecast period from 2022 to 2027. Rising investments in electric vehicles and rolling stock is the key factor driving the electric traction motor market in Asia Pacific Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=248269129

7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Electric Traction Motor Market. These include • Siemens Energy ABB (Switzerland), • Mitsubishi Electric Corporation (Japan), • TOSHIBA CORPORATION (Japan), • General Electric (US), • Siemens (Germany) among others... • Buy Now : - https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=248269129

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