The Electric Traction Motor market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 to 2025.
Electric traction motor by power rating, has been segmented into <200 kW, 200 kW to 400 kW, and >400 kW. The <200 kW segment is expected to grow at the fastest rate during the forecast period. Electric traction motors with a power rating <200 kW are widely used in electric vehicles and light rail vehicles such as trams, mono rail, and others. Need for decarbonizing transport sector and increasing investments in the light rail vehicles are expected to drive the market for electric traction motors with rate power <200 kW during the forecast period.
The electric vehicle segment is expected to grow at the highest CAGR during the forecast period. The demand for electric vehicles is increasing in order to reduce the emissions and to the increase efficiency of the vehicles by decreasing the dependence on internal combustion engines.
As the report focuses on global Electric Traction Motor market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the market on the basis of regions, manufacturers, applications, and type.
in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
In global market, the following companies are covered:
Benchmarking
Crrc
Alstom
Traktionssysteme Austria
Siemens
ABB
Bosch
CG Power
General Electric (GE)
NIDEC
Skoda Electric
Toshiba
Weg Sa
Market Segment by Product Type
AC
DC
Market Segment by Application
Railway
Electric vehicles
Others (Elevators, conveyors, and industrial machinery)
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Electric Traction Motor market for the forecast period 2020 - 2025?
• What are the driving forces in the Electric Traction Motor market for the forecast period 2020 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Electric Traction Motor industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?