Global
Electric Traction Motor Market Overview
Electric traction motor is a type
of electric motor which is used for propulsion of a vehicle. It is used in
electrically powered rail vehicles such as electric multiple units and electric
locomotives. Furthermore, traction motor is installed in fully hybrid and
battery electric vehicles. The global electric traction motor market is
expected to grow at 18.08% CAGR during the forecast period.
Electric traction motor is used for
propulsion of a vehicle, usually in electrically powered rail vehicles such as
electric multiple units and other electric vehicles such as elevators,
conveyors, and others. These motors are also installed in fully hybrid and
battery electric vehicles to provide rotation torque and maintain energy
efficiency.
The growing demand for electric
traction motor market is attributed to the increasing investment in electric
vehicles which would help in reducing carbon emission. This would in turn
require energy efficient electric traction motors. Growing focus on electric
vehicles in order to reduce carbon emissions is expected to create an
opportunity for market players to boost the growth of electric traction motor
market during the forecast period. One of the major restraints for the global
electric traction motor market is the volatility in raw material prices.
Industry
Segmentation
The electric traction motor market
has been segmented based on motors type into AC and DC motor. Among these
types, AC segment is the fastest growing segment in the electric traction motor
market as it widely used in electric vehicles and railway sector. It has
various advantages such as high efficiency, better speed acceleration, and less
maintenance compared to DC motors.
Regional
Outlook
Region wise, Asia Pacific held the
largest market share of the global electric traction motor market in 2017. It
is estimated that Asia-Pacific region would be the fastest growing market
during the forecast period, mainly due to the rising investment in railway
sector, rising urbanization and proliferation of electrification. Europe region
holds significant market share and is expected to dominate the global electric
traction motor market in terms of revenue contribution. Germany is leading
country contributing to the growth of the European market. The market is mainly
driven by factors such as the gradual shift from diesel-based to
diesel-electric locomotives and electric locomotives.
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Full Report @ https://www.marketresearchfuture.com/reports/electric-traction-motor-market-7002
Leading
Players
The key players of the global
electric traction motor market are CRRC (China), Alstom (France), ABB
(Switzerland), GE (US), Siemens (Germany), Traktionsysteme Austria, Bosch
(Germany), CG Power (India), Nidec (Japan), and Skoda Electric (Czech
Republic).
Scope
of the Report
This research report provides
insights into various levels of analysis, such as industry analysis and market
share analysis for the leading industry competitors, along with their profiles.
It also helps in studying the target segments by providing views on the
emerging & high-growth segments. The market data comprises the basic
assessment of the competitive scenarios and strategies in the global electric
traction motor market, including high-growth regions and/or countries, and
political and economic environments. The project report further provides both –
historical market values and pricing & cost analysis
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