Growing investments in the railway sector, high demand for effective motors for propulsion application, and rising focus on electric vehicles to condense carbon emissions are driving the market for electric traction motor across the globe. The electric traction motor market is also increasing at a good step in countries includes India, Australia, and South Korea owing to growing investment in railway projects, specifically related to high speed rail and metro trains. Furthermore, fluctuation in the price of raw materials such as copper and aluminium is expected to limiting the growth in the electric traction motor market.
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Global Electric Traction Motor Market Overview:
Extensive Global Electric Traction Motor market analysis is carried out by attentively monitoring important product positioning and the market framework’s top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the Global Electric Traction Motor market.
Global Electric Traction Motor Market size is expected to reach US$ 48.13 Bn. by 2027, growing at a CAGR of 19.39% during the forecast period.
Global Electric Traction Motor Market Scope:
This research on the Global Electric Traction Motor industry is based on a thorough examination of the market, supported by secondary and primary sources. Market volume is determined by a country-by-country model mapping of Global Electric Traction Motor utilizing internal and external private information, as well as relevant patent and regulatory sources.
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Global Electric Traction Motor Market Segmentation:
The railway segment is estimated to share major contribution in the global electric traction motor market. The growth in the market is attributed to the increasing infrastructure of a railway across the globe. A growing focus on speed control and high starting torque essential by rail vehicles and the increasing investment in rolling stock are the major drivers for the railway applications segment.
Global Electric Traction Motor Market Key Players:
• Schneider Electric SE
• The Curtiss-Wright Corporation
• Prodrive Technologies
• Toshiba Corporation
• General Electric Co.
• CG Power and Industrial Solutions Ltd.
• Aisin
• ABB, Ltd.
• Alstom S.A.
• Siemens AG
• Delphi Automotive LLP
• Voith GmbH
• Mitsubishi Electric Corporation
• Bombardier Inc.
• American Traction Systems
• VEM Group
• Caterpillar Inc.
• TTM Rail – Transtech Melbourne Pty Ltd.
• Kawasaki Heavy Industries Ltd.
• Traktionssysteme Austria GmbH
• Hyundai Rotem Company
• Hitachi, Ltd.
• Ansaldo Signalling
• Magna International
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A team of research professionals updates and amends our data regularly to reflect the most recent trends and facts. To fulfill the needs of both individual and corporate clients, we have substantial competence in research and consulting for a wide range of business disciplines. Our knowledgeable staff uses proprietary data sources as well as a range of additional approaches. The key players in the Global Electric Traction Motor business are…
Regional Analysis:
The study presents regional competitive circumstances. These insights help market participants improve their approaches and provide new opportunities to achieve amazing results.
COVID-19 Impact Analysis on Global Electric Traction Motor Market:
The spread of the COVID-19 pandemic has had a wide-ranging influence on people’s lives all around the world. Markets have been forced to adopt new norms, trends, and tactics as a result. Essentially, the study report tries to paint a picture of the market’s initial and future projections.
Key Questions Answered in the Global Electric Traction Motor Market Report are:
What will be the CAGR of the Global Electric Traction Motor market during the forecast period?
Which segment emerged as the leading segment in the Global Electric Traction Motor market?
Which are the prominent players in the Global Electric Traction Motor market?
What will be the Global Electric Traction Motor market size by 2027?
Which company held the largest share in the Global Electric Traction Motor market?
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