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The electric traction motor market is expected to grow from an estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion by 2025, at a CAGR of 20.9% during the forecast period. The market is set to witness growth, due to the increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector. Browse 100 market data Tables and 47 Figures spread through 164 Pages and in-depth TOC on "Electric traction motor Market - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248269129 The AC segment is expected to hold the largest share of the electric traction motor market, by type, during the forecast period The AC electric traction motor segment is expected to be the largest market for electric traction motors during the forecast period. The market is witnessing the replacement of DC electric traction motors with AC electric traction motors as a result of advantages such as higher reliability and efficiency and are expected to drive the AC electric traction motor segment of the electric traction motor market. Below 200 kW is expected to be the largest segment in the electric traction motor market, by power rating, in 2020 The below 200 kW segment dominated the electric traction motor market during the forecast period. The large share of this segment can mainly be attributed to the extensive use of below 200 kW power rated motors in electric vehicles and light rail transit vehicles, which is expected to grow at a faster pace in the coming years. The widespread installation of these motors in plug-in hybrid cars, hybrid cars, and battery-electric cars, which are all experiencing high sales growth in China, Norway, the UK, France, and Japan, is further driving the segment.

The global electric traction motor market is expected to grow at a CAGR of 20.9%, from 2020 to 2025, to reach USD 36.6 billion by 2025 from an estimated market size of USD 14.2 billion in 2020. A traction motor is an electric motor used for propulsion in various applications, particularly in electric and diesel-electric locomotive applications, such as electrically powered rail vehicles, electric vehicles, trolleybuses, hybrid buses, and mining trucks. Electric traction motors are associated with a wide range of advantages, including high starting torque, lower maintenance costs compared to steam traction motors, low-noise designs, and effortless speed control. This further results in increased demand for high-performance motors and are likely to drive the electric traction motor market during the forecast period.

The global Electric Traction Motor market is expected to grow at a CAGR of 20.9%, from 2020 to 2025, to reach USD 36.6 billion by 2025 from an estimated market size of USD 14.2 billion in 2020. A traction motor is an electric motor used for propulsion in various applications, particularly in electric and diesel-electric locomotive applications, such as electrically powered rail vehicles, electric vehicles, trolleybuses, hybrid buses, and mining trucks. Electric traction motors are associated with a wide range of advantages, including high starting torque, lower maintenance costs compared to steam traction motors, low-noise designs, and effortless speed control. This further results in increased demand for high-performance motors and are likely to drive the electric traction motor market during the forecast period.

The electric traction motor market has grown significantly in recent years, owing to the growing popularity of electric vehicles (EVs) worldwide. Electric traction motors are a critical component of electric vehicles, providing the necessary power to drive the wheels and propel the vehicle forward. According to a latest research, '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 market for electric traction motors is expected to continue growing rapidly in the coming years, as governments around the world push for the adoption of electric vehicles in an effort to reduce greenhouse gas emissions and combat climate change.

The electric traction motor market is projected to grow at a CAGR of 20.9% from 2020 to 2025, to reach a market size of USD 36.6 billion by 2025 from USD 14.2 billion in 2020. 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

The increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector are expected to drive the electric traction motor market. Increased demand for electric vehicles is the major growth opportunity for the electric traction motor market.

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. Growing demand for high-performance motors, across the end use segment is propelling the demand for electric traction motor market. Furthermore, favorable government policies and subsidies, and the rise in investments in the railway sector are likely to drive the market growth.

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. According to the new market research report, 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. Growing demand for high-performance motors, across the end use segment is propelling the demand for electric traction motor market. Furthermore, favorable government policies and subsidies, and the rise in investments in the railway sector are likely to drive the market growth.

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. Growing demand for high-performance motors, across the end use segment is propelling the demand for electric traction motor market. Furthermore, favorable government policies and subsidies, and the rise in investments in the railway sector are likely to drive the market growth.

According to the new market research report "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", published by MarketsandMarkets™, 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.

According to the new market research report "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", published by MarketsandMarkets™, 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.

Electric Traction Motor Market

Global Electric Traction Motor Market Size, Share - Industry Report 2026

the Electric Traction Motor Market is expected to grow from an estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion by 2025, at a CAGR of 20.9% during the forecast period. The market is set to witness growth, due to the increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector.

The electric traction motor market is expected to grow from an estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion by 2025, at a CAGR of 20.9% during the forecast period. The market is set to witness growth, due to the increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector.

The electric traction motor market is expected to grow from an estimated market size of USD 14.2 billion in 2020 to USD 36.6 billion by 2025, at a CAGR of 20.9% during the forecast period. The market is set to witness growth, due to the increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector.

The increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector are expected to drive the electric traction motor market during the forecast period.

Electric Traction Motor Market size 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, according to a new report by MarketsandMarkets™. 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.

The increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector are expected to drive the electric traction motor market during the forecast period.