Global Electric Traction Motor Market Analysis 2019

Global Electric Traction Motor Market Analysis 2019

The Global Electric Traction Motor market is expected to reach $50.98 billion by 2026 growing at a CAGR of 19.2% during 2018 to 2026. Electrical traction is defined as the structure that uses electrical power for grip system such as railway, trams, and trolleys. It is utilized to make rotary motion torque on a machine. Rising demand for energy-efficient motors is fuelling the market growth. However, high-cost of raw materials is restraining the market growth. In addition, increasing focus on electric vehicles acts as an opportunity during the forecast period.

Depending on Type, AC traction motors segment acquired considerable growth in the market. This motor commonly consists of two crucial parts, an outside stator having coils supplied with flashing current to produce a rotating attractive field, and an inside rotor close to the output shaft producing a second revolving magnetic field.

The key vendors mentioned are ABB, Alstom, Bosch, CG Power, Crrc, General Electric (GE), NIDEC, Siemens, Skoda Electric, Toshiba, Traktionssysteme Austria and Weg Sa.

Power Ratings Covered:
• >400 kW
• 200 kW to 400 kW
• <200 kW

Types Covered:
• DC Traction Motors
• AC Traction Motors

Applications Covered:
• Electric Vehicles
• Railway
• Conveyors
• Industrial Machinery
• Elevators
• Other Application

Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:
• How this market evolved since the year 2016
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analysed during the forecast period