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During the projected period, it is anticipated that the market for electric traction motors will expand by 24.04%, increasing its global share to 60.53 billion. The global market for electric traction motors is anticipated to grow due to rising consumer demand for energy-efficient motors.
When two surfaces come into contact without slipping, traction is created, either electrically or without electricity. An electric motor called a traction motor is utilised to create rotational torque on a machine, which is often converted into a straight-line motion. Due to the demands of low-torque high-speed cruising, high torque low-speed hill-climbing, a fast rate of acceleration/deceleration, and a high range of operating speed, this motor is classified as a special class in industrial motors.
The electric milk floats, conveyors, lifts, railways, trams, metros and EVs are just a few examples of the electrically powered rail vehicles that utilise this traction motor, along with electric locomotives and electric multiple units. For electric vehicles, the rising worries about GHG emissions are becoming more significant. These electric cars promote more eco-friendly transportation while lowering the need for fossil fuels. Therefore, the market for electric traction is expanding at a faster rate due to rising e-mobility adoption and growing environmental concern. The market is expanding due to increasing investments in the railway sector. Additionally, supportive government policies, pollution standards, unstable fossil fuels, and subsidies are only a few of the factors boosting market growth during the projection period. Electrical or non-electrical surfaces can produce traction, which is a frictional force. Many automobiles employ electric traction. electricity traction can power rails, locomotive electricity, conveyors, lifts, and numerous units. Any machine can generate electrical torque using the traction motor. Industrial motors include electric traction motors. Both low torque and high-speed torque are available. These traction motor-equipped vehicles have access to strong acceleration power for ascent of hills.
The market for election traction is being driven by the rise in demand for energy-efficient motors. A practical and economical alternative is the electric traction motor. This motor's functions are divided into AC and DC operations. Electric traction motors come in two varieties: AC for industrial use and DC for railway uses. During the forecast period, the market is anticipated to rise at an outstanding rate.
An important driver propelling the market for electric traction motors is the increased need for energy-efficient motors. Vehicle energy efficiency allows for minimal maintenance and energy savings. Prices for fossil fuels are continually changing. However, the market for electric traction is significantly impacted by the rising cost of fuel. This is why electric traction motor driven vehicles are becoming more and more common. Also, in the approaching years, it will become more commonplace to cut carbon emissions.
The market for electric traction motors is rather unrestricted. In this market, motor failure is a significant constraint. Additionally, electric traction technology has a large frictional force. For any traction method, compared to other technologies, less oil or lubricant is used. It causes motor overheating and motor failure. An essential component of any technology or equipment is the motor. The traction motor's problems have a significant negative impact on demand as a whole. To address this problem, the major market participants are increasing their R&D spending. The market demand and market growth, however, will be greatly impacted by engine overheating and failure.
Report Coverage
Global Electric Traction Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Traction Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Traction Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Traction Motor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Traction Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Traction Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CRRC (China), Alstom (France), ABB (Switzerland), GE (US), Siemens (Germany), Traktionsysteme Austria, Bosch (Germany), CG Power (India), Nidec (Japan), and Skoda Electric (Czech Republic)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electric Traction Motor market based on the below-mentioned segments:
Global Electric Traction Motor Market, By Type
DC
AC
Global Electric Traction Motor market, By Application
Electric vehicle
Railways
Global Electric Traction Motor Market, By power rating
Below 200 KW
200 KW
300 KW
Above 400 KW
Global Electric Traction Motor market, Regional Analysis
When two surfaces come into contact without slipping, traction is created, either electrically or without electricity. An electric motor called a traction motor is utilised to create rotational torque on a machine, which is often converted into a straight-line motion. Due to the demands of low-torque high-speed cruising, high torque low-speed hill-climbing, a fast rate of acceleration/deceleration, and a high range of operating speed, this motor is classified as a special class in industrial motors.
The electric milk floats, conveyors, lifts, railways, trams, metros and EVs are just a few examples of the electrically powered rail vehicles that utilise this traction motor, along with electric locomotives and electric multiple units. For electric vehicles, the rising worries about GHG emissions are becoming more significant. These electric cars promote more eco-friendly transportation while lowering the need for fossil fuels. Therefore, the market for electric traction is expanding at a faster rate due to rising e-mobility adoption and growing environmental concern. The market is expanding due to increasing investments in the railway sector. Additionally, supportive government policies, pollution standards, unstable fossil fuels, and subsidies are only a few of the factors boosting market growth during the projection period. Electrical or non-electrical surfaces can produce traction, which is a frictional force. Many automobiles employ electric traction. electricity traction can power rails, locomotive electricity, conveyors, lifts, and numerous units. Any machine can generate electrical torque using the traction motor. Industrial motors include electric traction motors. Both low torque and high-speed torque are available. These traction motor-equipped vehicles have access to strong acceleration power for ascent of hills.
The market for election traction is being driven by the rise in demand for energy-efficient motors. A practical and economical alternative is the electric traction motor. This motor's functions are divided into AC and DC operations. Electric traction motors come in two varieties: AC for industrial use and DC for railway uses. During the forecast period, the market is anticipated to rise at an outstanding rate.
An important driver propelling the market for electric traction motors is the increased need for energy-efficient motors. Vehicle energy efficiency allows for minimal maintenance and energy savings. Prices for fossil fuels are continually changing. However, the market for electric traction is significantly impacted by the rising cost of fuel. This is why electric traction motor driven vehicles are becoming more and more common. Also, in the approaching years, it will become more commonplace to cut carbon emissions.
The market for electric traction motors is rather unrestricted. In this market, motor failure is a significant constraint. Additionally, electric traction technology has a large frictional force. For any traction method, compared to other technologies, less oil or lubricant is used. It causes motor overheating and motor failure. An essential component of any technology or equipment is the motor. The traction motor's problems have a significant negative impact on demand as a whole. To address this problem, the major market participants are increasing their R&D spending. The market demand and market growth, however, will be greatly impacted by engine overheating and failure.
Report Coverage
Global Electric Traction Motor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Traction Motor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Traction Motor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Traction Motor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | CRRC (China), Alstom (France), ABB (Switzerland), GE (US), Siemens (Germany), Traktionsysteme Austria, Bosch (Germany), CG Power (India), Nidec (Japan), and Skoda Electric (Czech Republic) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electric Traction Motor Market from 2021 to 2030.
- Market Forecast for Electric Traction Motor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electric Traction Motor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electric Traction Motor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Traction Motor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Traction Motor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
CRRC (China), Alstom (France), ABB (Switzerland), GE (US), Siemens (Germany), Traktionsysteme Austria, Bosch (Germany), CG Power (India), Nidec (Japan), and Skoda Electric (Czech Republic)
Primary Target Market
- Market Players of Electric Traction Motor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Electric Traction Motor market based on the below-mentioned segments:
Global Electric Traction Motor Market, By Type
DC
AC
Global Electric Traction Motor market, By Application
Electric vehicle
Railways
Global Electric Traction Motor Market, By power rating
Below 200 KW
200 KW
300 KW
Above 400 KW
Global Electric Traction Motor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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