Electric Traction Motor Global Market Report 2024

Global Electric Traction Motor Market Report 2024

Electric Traction Motor Global Market Report 2024 – By Type (AC, DC), By Power Rating (Less Than 200 kW, Between 200 kW To 400 kW, More Than 400 kW), By Application (Railway, Electric Vehicle, Elevators, Conveyors, Industrial Machinery), By Industry Vertical (Chemical And Petrochemical, Oil And Gas, Energy And Power, Automotive, Food And Beverages, Healthcare, Other Industry Verticals) – Market Size, Trends, And Global Forecast 2024-2033

Name: Electric Traction Motor Global Market Report 2024
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Electric Traction Motor Global Market Report 2024

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Electric Traction Motor Market Definition

The electric traction motor refers to the electric motor used to propel electrically powered systems such as elevators, trolleybuses, conveyors, locomotives rails, and other electric controlled vehicles with electrical transmission systems. Electric traction motors generate power to turn the wheels transmitted to the wheels via the driving gear unit and axle. This electric traction motor helps in converting electrical energy to mechanical energy.

The main types of electric traction motors are AC and DC. AC refers to the alternating current employed to generate the required propelling power to the systems. The power rating for these electric traction motors is less than 200 kW, between 200 kW to 400 kW, and more than 400 kW. These motors are used in railways, electric vehicles, elevators, conveyors, and industrial machinery. Electrical traction motors are used by chemical & petrochemical, oil & gas, energy & power, automotive, food & beverages, healthcare, and other industry verticals.

Electric Traction Motor Market Segmentation

The electric traction motor market covered in this report is segmented –

1) By Type: AC, DC

2) By Power Rating: Less Than 200 kW, Between 200 kW To 400 kW, More Than 400 kW

3) By Application: Railway, Electric Vehicle, Elevators, Conveyors, Industrial Machinery

4) By Industry Vertical: Chemical And Petrochemical, Oil And Gas, Energy And Power, Automotive, Food And Beverages, Healthcare, Other Industry Verticals

Global Electric Traction Motor Market Size 2023 to 2028: Graph

Electric Traction Motor Market Size 2024 And Growth Rate

The electric traction motor market size has grown exponentially in recent years. It will grow from $16.7 billion in 2023 to $20.09 billion in 2024 at a compound annual growth rate (CAGR) of 20.3%. The growth in the historic period can be attributed to increased electrification of transportation, increased adoption of electric vehicles (evs), government regulations and emission standards automotive industry, investment in evs, and improved energy efficiency.

Electric Traction Motor Market Growth Forecast

The electric traction motor market size is expected to see rapid growth in the next few years. It will grow to $40.62 billion in 2028 at a compound annual growth rate (CAGR) of 19.2%. The growth in the forecast period can be attributed to research and development in motor technology, environmental and sustainability goals, expansion of ev charging infrastructure, increased adoption in commercial and industrial applications, and diversification of electric mobility solutions. Major trends in the forecast period include technological advancements in motor design, advanced battery technology, lightweight and compact motor designs, integration of smart and iot features, and strategic collaborations.

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Electric Traction Motor Market Driver: Surging Demand For Electric Vehicles Fuels Growth In The Electric Traction Motor Market

The rise in demand for electric vehicles will propel the growth of the electric traction motor market. While the economic effect of COVID-19 has dampened demand for petrol and diesel cars, demand for EV and hybrid vehicles has increased. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These EV vehicle shifts help the economy by reducing fuel costs and changing consumption from petroleum products to more locally produced power vehicles. The development of EV charging stations, hydrogen fueling stations, and government intervention towards the adoption and implementation encourage the use of electric vehicles. These factors increased the demand for electric traction motor, offering clean and easy handling, speed control, and high power propulsion to the vehicle for a safe and reliable drive. For instance, in March 2022, according to a report published by the US Department Of Energy, a US-based agency that manages nuclear infrastructure and energy policies, electric vehicle (EV) sales increased by 85% between 2020 and 2021. The number of new light-duty plug-in electric vehicle sales, which includes both electric vehicles (EV) and plug-in hybrid electric vehicles (PHEV) sales, nearly doubled from 308,000 in 2020 to 608,000 in 2021. 73% of all plug-in electric car sales in 2021 were made up of EV sales. Therefore, the rising demand for electric vehicles will drive the electric traction motor market.

Electric Traction Motor Market Driver: Rapid Urbanization Driving The Expansion Of The Electric Traction Motor Market

Growing urbanization is expected to boost the growth of the electric traction motors market going forward. Urbanization refers to the gathering of people into certain geographic locations. Urban areas often experience high levels of traffic congestion. Electric vehicles (EVs) with electric traction motors are well-suited for city driving due to their efficient performance in stop-and-go traffic. For instance, according to a report published by the World Bank, a US-based international organization, in 2022, more than 50% of the world's population reside in urban regions. The number of people living in urban areas is projected to rise to 6 billion by 2045, a 1.5-fold increase. By 2030, the world is predicted to have 1.2 million km2 more of urban built-up area as urban land consumption is expected to continue to expand at a rate that is up to 50% faster than population growth. Therefore, growing urbanization is driving the growth of the electric traction motors market.

Global Electric Traction Motor Market Major Players

Major companies operating in the electric traction motor market include ABB Ltd., Siemens AG, General Electric Company, CG Power and Industrial Solutions Ltd, CRRC Corporation Limited, Kirloskar Electric Company Ltd., Alstom SA, Traktionssysteme Austria GmbH, Skoda Transportation AS, Robert Bosch GmbH, Mitsubishi Electric Corporation, Toshiba Corporation, Nidec Corporation, Johnson Electric Holdings Limited, Ametek Inc., Regal Beloit Corporation, WEG SA, Brook Crompton UK Ltd., TECO Electric & Machinery Co. Ltd., Hitachi Ltd., Emerson Electric Co., Danaher Corporation, Parker Hannifin Corporation, Franklin Electric Co. Inc., Marathon Electric Motors Limited., NORD Drivesystems Pvt. Ltd., Bonfiglioli Riduttori SpA, Sumitomo Heavy Industries Ltd., Yaskawa Electric Corporation, Fuji Electric Co. Ltd., Hyundai Rotem Company, VEM Group, Voith GmbH & Co. KGaA, AEG Power Solutions BV, KEB Automation KG, Nidec Leroy-Somer Holding, Moog Inc.

Global Electric Traction Motor Market Trend: Emerging Motor Technology And Technological Advancements Shape The Electric Traction Motor Market

Technological advancement is a key trend gaining popularity in the electric traction motor market. While electric motors have been used for many years, there is still room for improvement in technology and energy efficiency. The market is witnessing the demand for emerging motor technology such as axial flux. These axial flux motors typically produce more torque per unit volume of motor than radial motors. Major companies operating in electric traction motors are focused on providing advanced electric traction motors to strengthen their market position. For instance, in July 2022, Mahle, a Germany-based automotive parts manufacturer, introduced SCT E-motor, a superior continuous torque (SCT) E-motors that can operate with maintaining high performance. This new motor is very compact and light in weight and has achieved this resilience through the innovative integrated oil cooling mechanism.

Global Electric Traction Motor Market Trend: Innovation And Product Diversification Strategies In The Electric Traction Motor Market

Major companies operating in the electric traction motors market are developing new products such as e-axle traction motor systems to meet larger customer bases, more sales, and increase revenue. An E-Axle Traction Motor System, or Electric Axle Traction Motor System, is a compact and integrated drivetrain component commonly used in electric and hybrid vehicles. For instance, in October 2021, Nidec, a Japan-based commercial company, launched the 200 kW Ni200Ex traction motor system. The Nidec Ni200Ex offers a maximum power output of 200 kW and delivers 384 Nm of torque. In the Zeekr 001 vehicle, the number of Ni200Ex units installed varies, depending on the version, with either one unit for the RWD version or two units for the dual motor AWD version. The E-axle seamlessly combines the electric motor, transmission, and power electronics, including the inverter, into an integrated system. Derived from the foundational structure of the Ni150Ex, the Ni200Ex is a compact unit characterized by its lightweight, slim, short, and small motor design, drawing on Nidec's expertise in magnetic circuit design and a distinctive motor oil-cooling system. These attributes have been nurtured through Nidec's specialization in the development of precise small motors. Additionally, with a well-optimized design that incorporates second-generation inverters and other essential components, the Ni200Ex plays a significant role in enhancing the ZEEKR 001's power output, reducing electricity consumption, minimizing noise and vibration, and ultimately contributing to the vehicle's weight reduction.

Electric Traction Motor Market Merger And Acquisition: Mercedes-Benz Acquired Yasa Limited

In July 2021, Mercedes-Benz, a Germany-based manufacturer, and distributor of premium and luxury cars, acquired YASA Limited for an undisclosed amount. Under this acquisition, With Mercedes-Benz ownership, YASA will continue to develop ultra-high performance e-motors while maintaining its brand, team, and facilities and continuing to serve its current automotive supercar clients. YASA is a British-based manufacturer of electric motors and motor controllers for applications in automotive and industrial purposes.

Regional Outlook For The Global Electric Traction Motor Market

Asia-Pacific was the largest region in the electric traction motor market in 2023. North America is expected to be the fastest-growing region in the electric traction motor market during the forecast period. The regions covered in the electric traction motor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the electric traction motor market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The electric traction motor market consists of sales of DC motors, Switch Reluctance motors, brushless DC motors, three-phase AC induction, and permanent magnet synchronous motor. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this electric traction motor market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The electric traction motor market research report is one of a series of new reports from The Business Research Company that provides electric traction motor market statistics, including electric traction motors industry global market size, regional shares, competitors with an electric traction motor market share, detailed electric traction motor market segments, market trends and opportunities, and any further data you may need to thrive in the electric traction motor industry. This electric traction motor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electric Traction Motor Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$20.09 billion
Revenue Forecast In 2033	$40.62 billion
Growth Rate	CAGR of 19.2% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: AC, DC 2) By Power Rating: Less Than 200 kW, Between 200 kW To 400 kW, More Than 400 kW 3) By Application: Railway, Electric Vehicle, Elevators, Conveyors, Industrial Machinery 4) By Industry Vertical: Chemical And Petrochemical, Oil And Gas, Energy And Power, Automotive, Food And Beverages, Healthcare, Other Industry Verticals
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	ABB Ltd.; Siemens AG; General Electric Company; CG Power and Industrial Solutions Ltd; CRRC Corporation Limited; Kirloskar Electric Company Ltd.; Alstom SA; Traktionssysteme Austria GmbH; Skoda Transportation AS; Robert Bosch GmbH; Mitsubishi Electric Corporation; Toshiba Corporation; Nidec Corporation; Johnson Electric Holdings Limited; Ametek Inc.; Regal Beloit Corporation; WEG SA; Brook Crompton UK Ltd.; TECO Electric & Machinery Co. Ltd.; Hitachi Ltd.; Emerson Electric Co.; Danaher Corporation; Parker Hannifin Corporation; Franklin Electric Co. Inc.; Marathon Electric Motors Limited.; NORD Drivesystems Pvt. Ltd.; Bonfiglioli Riduttori SpA; Sumitomo Heavy Industries Ltd.; Yaskawa Electric Corporation; Fuji Electric Co. Ltd.; Hyundai Rotem Company; VEM Group; Voith GmbH & Co. KGaA; AEG Power Solutions BV; KEB Automation KG; Nidec Leroy-Somer Holding; Moog Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Electric Traction Motor Market Characteristics

3. Electric Traction Motor Market Trends And Strategies

4. Electric Traction Motor Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global Electric Traction Motor Market Size and Growth

5.1. Global Electric Traction Motor Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Electric Traction Motor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Electric Traction Motor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Electric Traction Motor Market Segmentation

6.1. Global Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

6.2. Global Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Less Than 200 kW

Between 200 kW To 400 kW

More Than 400 kW

6.3. Global Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Railway

Electric Vehicle

Elevators

Conveyors

Industrial Machinery

6.4. Global Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Chemical And Petrochemical

Oil And Gas

Energy And Power

Automotive

Food And Beverages

Healthcare

Other Industry Verticals

7. Electric Traction Motor Market Regional And Country Analysis

7.1. Global Electric Traction Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Electric Traction Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Electric Traction Motor Market

8.1. Asia-Pacific Electric Traction Motor Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Electric Traction Motor Market

9.1. China Electric Traction Motor Market Overview

9.2. China Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Electric Traction Motor Market

10.1. India Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Electric Traction Motor Market

11.1. Japan Electric Traction Motor Market Overview

11.2. Japan Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Electric Traction Motor Market

12.1. Australia Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Electric Traction Motor Market

13.1. Indonesia Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Electric Traction Motor Market

14.1. South Korea Electric Traction Motor Market Overview

14.2. South Korea Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Electric Traction Motor Market

15.1. Western Europe Electric Traction Motor Market Overview

15.2. Western Europe Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Electric Traction Motor Market

16.1. UK Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Electric Traction Motor Market

17.1. Germany Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Electric Traction Motor Market

18.5. France Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Electric Traction Motor Market

19.9. Italy Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Electric Traction Motor Market

20.13. Spain Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Electric Traction Motor Market

21.1. Eastern Europe Electric Traction Motor Market Overview

21.2. Eastern Europe Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Electric Traction Motor Market

22.1. Russia Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Electric Traction Motor Market

23.1. North America Electric Traction Motor Market Overview

23.2. North America Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Electric Traction Motor Market

24.1. USA Electric Traction Motor Market Overview

24.2. USA Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Electric Traction Motor Market

25.1. Canada Electric Traction Motor Market Overview

25.2. Canada Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Electric Traction Motor Market

26.1. South America Electric Traction Motor Market Overview

26.2. South America Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Electric Traction Motor Market

27.1. Brazil Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Electric Traction Motor Market

28.1. Middle East Electric Traction Motor Market Overview

28.2. Middle East Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Electric Traction Motor Market

29.1. Africa Electric Traction Motor Market Overview

29.2. Africa Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Electric Traction Motor Market Competitive Landscape And Company Profiles

30.1. Electric Traction Motor Market Competitive Landscape

30.2. Electric Traction Motor Market Company Profiles

30.2.1. ABB Ltd.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Siemens AG

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. General Electric Company

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. CG Power and Industrial Solutions Ltd

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. CRRC Corporation Limited

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global Electric Traction Motor Market Competitive Benchmarking

32. Global Electric Traction Motor Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Electric Traction Motor Market

34. Electric Traction Motor Market Future Outlook and Potential Analysis

34.1 Electric Traction Motor Market In 2028 - Countries Offering Most New Opportunities

34.2 Electric Traction Motor Market In 2028 - Segments Offering Most New Opportunities

34.3 Electric Traction Motor Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Electric Traction Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Electric Traction Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: ABB Ltd. Financial Performance

Table 76: Siemens AG Financial Performance

Table 77: General Electric Company Financial Performance

Table 78: CG Power and Industrial Solutions Ltd Financial Performance

Table 79: CRRC Corporation Limited Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Electric Traction Motor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Electric Traction Motor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: ABB Ltd. Financial Performance

Figure 76: Siemens AG Financial Performance

Figure 77: General Electric Company Financial Performance

Figure 78: CG Power and Industrial Solutions Ltd Financial Performance

Figure 79: CRRC Corporation Limited Financial Performance

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Frequently Asked Questions

What is the definition of the electric traction motor market?

How will the electric traction motor market drivers and restraints affect the electric traction motor market dynamics? What forces will shape the electric traction motor industry going forward?

The electric traction motor market major growth driver - Surging Demand For Electric Vehicles Fuels Growth In The Electric Traction Motor Market. For further insights on the electric traction motor market, request a sample here

What is the forecast market size or the forecast market value of the electric traction motor market?

The electric traction motor market size has grown exponentially in recent years. It will grow from $16.7 billion in 2023 to $20.09 billion in 2024 at a compound annual growth rate (CAGR) of 20.3%. The growth in the historic period can be attributed to increased electrification of transportation, increased adoption of electric vehicles (evs), government regulations and emission standards automotive industry, investment in evs, and improved energy efficiency. The electric traction motor market size is expected to see rapid growth in the next few years. It will grow to $40.62 billion in 2028 at a compound annual growth rate (CAGR) of 19.2%. The growth in the forecast period can be attributed to research and development in motor technology, environmental and sustainability goals, expansion of ev charging infrastructure, increased adoption in commercial and industrial applications, and diversification of electric mobility solutions . Major trends in the forecast period include technological advancements in motor design, advanced battery technology, lightweight and compact motor designs, integration of smart and iot features, and strategic collaborations. For further insights on the electric traction motor market, request a sample here

How is the electric traction motor market segmented?

The electric traction motor market is segmented
1) By Type: AC, DC
2) By Power Rating: Less Than 200 kW, Between 200 kW To 400 kW, More Than 400 kW
3) By Application: Railway, Electric Vehicle, Elevators, Conveyors, Industrial Machinery
4) By Industry Vertical: Chemical And Petrochemical, Oil And Gas, Energy And Power, Automotive, Food And Beverages, Healthcare, Other Industry VerticalsFor further insights on the electric traction motor market, request a sample here

Which region has the largest share of the electric traction motor market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the electric traction motor market in 2023. North America is expected to be the fastest-growing region in the electric traction motor market during the forecast period. The regions covered in the electric traction motor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. For further insights on the electric traction motor market, request a sample here.

Who are the major players in the electric traction motor market?

What are the key trends in the electric traction motor market?

Major trend in the electric traction motor market - Emerging Motor Technology And Technological Advancements Shape The Electric Traction Motor Market. For further insights on the electric traction motor market, request a sample here.

What are the major opportunities in the electric traction motor market? What are the strategies for the electric traction motor market?

For detailed insights on the major opportunities and strategies in the electric traction motor market, request a sample here.

How does the electric traction motor market relate to the overall economy and other similar markets?

For detailed insights on electric traction motor market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the electric traction motor industry?

For detailed insights on the mergers and acquisitions in the electric traction motor industry, request a sample here.

What are the key dynamics influencing the electric traction motor market growth? SWOT analysis of the electric traction motor market.

For detailed insights on the key dynamics influencing the electric traction motor market growth and SWOT analysis of the electric traction motor industry, request a sample here.