Electric Traction Motor Market Will Hit Big Revenues In Future

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Electric Traction Motor Market by Type (AC and
DC), Power Rating (Below 200 kW, 200-400 kW, and
Above 400 kW), Application (Railways, Electric
Vehicles, Elevators, Conveyors, and Industrial
Machinery), and Region Global Forecast to 2025
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The electric traction motor market is expected to
grow from an estimated market size of USD 14.2
billion in 2020 to USD 36.6 billion by 2025, at a
CAGR of 20.9 during the forecast period. The
market is set to witness growth, due to the
increase in demand for high-performance motors,
favorable government policies and subsidies, and
the rise in investments in the railway
sector. View detailed Table of Content here
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The AC segment is expected to hold the largest
share of the electric traction motor market, by
type, during the forecast period The AC
electric traction motor segment is expected to be
the largest market for electric traction motors
during the forecast period. The market is
witnessing the replacement of DC electric
traction motors with AC electric traction motors
as a result of advantages such as higher
reliability and efficiency and are expected to
drive the AC electric traction motor segment of
the electric traction motor market. Make an
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Below 200 kW is expected to be the largest
segment in the electric traction motor market, by
power rating, in 2020 The below 200 kW segment
dominated the electric traction motor market
during the forecast period. The large share of
this segment can mainly be attributed to the
extensive use of below 200 kW power rated motors
in electric vehicles and light rail transit
vehicles, which is expected to grow at a faster
pace in the coming years. The widespread
installation of these motors in plug-in hybrid
cars, hybrid cars, and battery-electric cars,
which are all experiencing high sales growth in
China, Norway, the UK, France, and Japan, is
further driving the segment. Download PDF
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Browse gtgt 100 market data
tables 47 figures
164 pages and in-depth TOC on Electric
Traction Motor Market - Global Forecast to
2026 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
and investments.
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Asia Pacific Expected to be the leading market
for electric traction motors during the forecast
period Asia Pacific is expected to dominate the
global electric traction motor market from 2020
to 2025. Rising investments in electric vehicles
and the growing metro rail network in the region
are likely to drive the demand for electric
traction motors in Asia Pacific. Asia Pacific is
estimated to be the largest market for electric
traction motors in 2020 due to the rising
investments in electric vehicles and the growing
metro rail network in the region. Asia Pacific is
also expected to be the fastest growing market
for electric traction motors owing to the
increasing need to reduce carbon emissions in the
region. Speak to Analyst _at_ https//www.marketsan
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• Key players -
• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the
  Electric Traction Motor Market. These include
• ABB (Switzerland),
• CG Power and Industrial Solutions (India),
• CRRC (China),
• GE (US),
• Siemens (Germany) and many more...
• Buy Now - https//www.marketsandmarkets.com/Purc
  hase/purchase_reportNew.asp?id248269129

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