Electric Traction Motor Market Size to Grow $36.6 billion by 2025 | ABB, CG Power and I... - 0 views
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Almira Coyne on 28 Apr 21The 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.