Global Electric Traction Motor Sales Market Report 2020

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.

Market Analysis and Insights: Global Electric Traction Motor Market
The global Electric Traction Motor market size is projected to reach US$ 27860 million by 2026, from US$ 12260 million in 2020, at a CAGR of 14.7% during 2021-2026.

Global Electric Traction Motor Scope and Market Size
The global Electric Traction Motor market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Electric Traction Motor market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.

Segment by Type, the Electric Traction Motor market is segmented into

Segment by Application, the Electric Traction Motor market is segmented into
Electric vehicles
Others (Elevators, conveyors, and industrial machinery)

The Electric Traction Motor market is analysed and market size information is provided by regions (countries). Segment by Application, the Electric Traction Motor market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
The report includes region-wise market size for the period 2015-2026. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.

Competitive Landscape

and Electric Traction Motor Market Share Analysis
Electric Traction Motor market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Electric Traction Motor business, the date to enter into the Electric Traction Motor market, Electric Traction Motor product introduction, recent developments, etc.

The major vendors covered:
Traktionssysteme AustriA
CG Power
General Electric (GE)
Skoda Electric
Weg Sa

Frequently Asked Questions

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
  • By Region

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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