Electric Traction Motor Market to Surge $22.2 billion by 2027

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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 2027
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The global electric traction motor market is
projected to reach USD 22.2 billion by 2027 from
an estimated market size of USD 12.3 billion in
2022, at a CAGR of 12.6 during the forecast
period. The increase in demand for
high-performance motors, favorable government
policies and subsidies, and the rise in
investments in the railway sector are likely to
drive the market growth. View detailed Table
of Content here https//www.marketsandmarkets.co
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8269129.html
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The AC segment is expected to be the fastest
growing segment, by type, during the forecast
period The AC electric traction motor segment
is expected to be the fastest growing segment by
type for electric traction motors during the
forecast period. AC electric traction motors are
simple to construct and do not require any
additional mechanical contacts such as brushes to
work. They are more efficient and less expensive
to manufacture. Therefore, the demand for AC
electric traction motors is likely to increase in
the market during the forecast period. Make an
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Below 200 kW is expected to be the fastest
growing segment in the electric traction motor
market, by power rating, during forecast
period By Power rating, below 200 kW segment is
expected to dominate the electric traction motor
market from 2022 to 2027. The rising investment
in electric vehicles is one of the major factors
driving the growth of this segment. Electric
vehicles that use these motors include Plug-In
Hybrid Vehicles (PHEVs), Hybrid Electric Vehicles
(HEVs), Battery Electric Vehicles (BEVs),
electric two wheelers, and electric buses.

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Browse gtgt 197 market data
tables 48 figures
190 pages and in-depth TOC on Electric
Traction Motor Market Market- Global Forecast to
2027 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 4950 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 Projected to be the largest market
for electric traction motors during the forecast
period Asia Pacific is projected to have
largest market across the global for electric
traction motor during forecast period from 2022
to 2027. Rising investments in electric vehicles
and rolling stock is the key factor driving the
electric traction motor market in Asia
Pacific 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
• Siemens Energy ABB (Switzerland),
• Mitsubishi Electric Corporation (Japan),
• TOSHIBA CORPORATION (Japan),
• General Electric (US),
• Siemens (Germany) among others...
• Buy Now - https//www.marketsandmarkets.com/Purc
  hase/purchase_reportNew.asp?id248269129

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