Global Electric Traction Motor Market Driven by Rising Investments in Electric Vehicles - MarketsandMarkets Blog - 0 views
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Almira Coyne on 04 Oct 22The 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.