Electric Traction Motor Market

The Exactitude Consultancy Electric Traction Motor Market Report – Size, Trends, And Global Forecast 2024-2030

LUTON, BEDFORDSHIRE, UNITED KINGDOM, March 11, 2024 /EINPresswire.com/ -- The qualitative report published by Exactitude Consultancy research on the Electric Traction Motor Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Electric Traction Motor market report offers the historical data for 2018 to 2023 and also makes available the forecast data from the year 2024 to 2030 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Electric Traction Motor Market from a Global and Regional perspective.

𝐓𝐡𝐞 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐦𝐨𝐭𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝟐𝟑.𝟎𝟒 % 𝐂𝐀𝐆𝐑 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟎. 𝐈𝐭 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐫𝐞𝐚𝐜𝐡 𝐚𝐛𝐨𝐯𝐞 𝐔𝐒𝐃 𝟗𝟓.𝟔𝟑 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟎 𝐟𝐫𝐨𝐦 𝐔𝐒𝐃 𝟏𝟒.𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲:

https://exactitudeconsultancy.com/reports/23411/electric-traction-motor-market/#request-a-sample

Traction refers to producing frictional force either electrically or non-electrically between two surfaces without slipping. A traction motor is an electric motor used to make rotation torque on a machine which is usually changed into a straight-line motion. In industrial motors, this motor is considered a specific class due to the requirements of low-torque high-speed cruising, high torque low-speed hill-climbing, a high rate of acceleration/ deceleration, and a high range of operating speed.

This traction motor is widely used in electrically powered rail vehicles like electric locomotives and electric multiple units and also in electric vehicles like electric milk floats, conveyors, elevators, railways, trams, metros, and EVs. The growing concerns over GHG emissions are gaining importance for electric vehicles. These electric vehicles encourage e-transportation cleaner and reduce the demand for fossil fuel. Hence the rising adoption of e-mobility and growing concern over environmental deterioration is accelerating the growth of the electric traction market.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 𝐜𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

Siemens AG, ABB Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Continental AG, Robert Bosch GmbH, Denso Corporation, Hitachi, Ltd., Nidec Corporation, Bharat Heavy Electricals Limited (BHEL).

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

16 February 2023: Siemens announced the launch of private industrial 5G user equipment, a critical component for the manufacturing industry in its digital transformation journey.

17 August 2021: Siemens Limited and Tata Power Delhi Distribution Limited (Tata Power-DDL) jointly announced the successful deployment of Smart Metering Technology for over 2,00,000 Smart Meters in North Delhi.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Electric Traction Motor Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis for the worldwide markets includes improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐓𝐲𝐩𝐞, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧), (𝐓𝐡𝐨𝐮𝐬𝐚𝐧𝐝 𝐔𝐧𝐢𝐭𝐬).

AC

DC

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐏𝐨𝐰𝐞𝐫 𝐑𝐚𝐭𝐢𝐧𝐠, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧), (𝐓𝐡𝐨𝐮𝐬𝐚𝐧𝐝 𝐔𝐧𝐢𝐭𝐬).

Below 200 KW

200-400 KW

Above 400 KW

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧), (𝐓𝐡𝐨𝐮𝐬𝐚𝐧𝐝 𝐔𝐧𝐢𝐭𝐬).

Railways

Electric Vehicles

Others

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐑𝐞𝐠𝐢𝐨𝐧, 𝟐𝟎𝟐𝟎-𝟐𝟎𝟐𝟗, (𝐔𝐒𝐃 𝐁𝐢𝐥𝐥𝐢𝐨𝐧), (𝐓𝐡𝐨𝐮𝐬𝐚𝐧𝐝 𝐔𝐧𝐢𝐭𝐬).

North America

Asia Pacific

Europe

South America

Middle East And Africa

𝐓𝐡𝐞 𝐫𝐞𝐠𝐢𝐨𝐧-𝐰𝐢𝐬𝐞 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐦𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐟𝐨𝐜𝐮𝐬𝐢𝐧𝐠 𝐨𝐧 𝐭𝐡𝐞 𝐫𝐞𝐠𝐢𝐨𝐧𝐬:

The APAC market accounted for the greatest revenue share of 54% in 2022, and it is also anticipated that it will continue to have a sway in the years to come. This is linked to the region’s expanding urbanisation, increased per capita income, and supportive government regulations for electric vehicles. APAC’s expanding need for electric traction motors is also fueled by the ongoing development of the region’s transport infrastructure, which includes HEVs, railway connections, high-speed bullet trains, and metro rail systems, as well as the rising demand for industrial railway rolling stock like electric, hybrid, and diesel-electric locomotives as well as narrow gauges.

During the anticipated timeframe, the European market will expand at a significant rate. This expansion can be attributed to the area’s rapid urbanisation, which has increased air pollution, greenhouse gas emissions, and energy waste; the growing government emphasis on the adoption of efficient and sustainable transportation solutions; and the increasing daily commuter traffic.

𝐅𝐨𝐫 𝐓𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞:

https://exactitudeconsultancy.com/reports/23411/electric-traction-motor-market

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐯𝐞𝐡𝐢𝐜𝐥𝐞𝐬

The number of electric and hybrid vehicles is rapidly growing due to fluctuating fuel prices and the rising need to minimize CO2 emissions. According to the Automotive Fuel Economy Survey, nearly 40% of American car owners identified fuel economy as a top aspect in making their vehicles more efficient. According to the International Energy Agency (IEA), around 10 million electric cars were sold worldwide in 2020, an increase of 63% from the previous year. China accounts for over 95% of the global electric 2/3-wheeler stock. According to the World Health Organization (WHO), China is taking significant steps to deal with air pollution, which is responsible for approximately 1 million deaths per year. The country is focusing on controlling air pollution and reducing carbon emissions by making necessary changes in its automotive sector to meet the air quality standards set by the government. Apart from China holding a major share of electric cars on the road, the demand for electric vehicles is on the rise in most countries across the globe.

Traction motors are the key components used in hybrid and fully electric vehicles for converting electrical energy into mechanical energy. Electric traction motors are installed in electric vehicles for initial propulsion and for providing rotational torque to the vehicle. Developments in hybrid vehicle technologies have led to a considerable increase in the demand for traction motors. Electric traction motors, such as permanent magnet synchronous motors, are widely used in electric vehicles due to their compact size and lower weight than induction motors. The rising awareness about the harmful effects of carbon emissions by vehicles is another major factor supporting the growth of the electric traction motor market. According to the IEA, globally, 82,000 new electric buses were registered in 2020, up 10% from the previous year, for a total stock of 600,000. Although electric buses are rapidly being purchased in Europe, India, and Latin America, China accounts for 98% of electric bus stock. Therefore, the rising demand for electric vehicles is expected to drive the growth of the electric traction motor market in the coming years.

𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

– Detailed overview of The Electric Traction Motor market.

– Changing market dynamics of the industry.

– In-depth market breakdown by Type, Application, etc.

– Historic, existing, and predictable market size in terms of extent and worth.

– Recent manufacturing trends and developments.

– Competitive landscape of The Electric Traction Motor market.

– Approaches to significant performers and product help.

– Prospective and niche sectors/regions exhibiting promising growth.

𝐓𝐡𝐞 𝐨𝐛𝐣𝐞𝐜𝐭𝐢𝐯𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐫𝐞:

– To analyze and forecast the market size of Electric Traction Motor in the global market.

– To study the global key players, SWOT analysis, value, and market share of the global Electric Traction Motor for key players.

– Determine, explain, and forecast the market by type, end-use, and region.

– Analyze market potential and advantage, opportunity and challenge, constraints and risks of key global regions.

– Discover significant trends and factors driving or restricting market growth.

– Analyze opportunities in the market for stakeholders, identifying high-growth segments.

 – Critically analyze each submarket in terms of individual growth trends and its contribution to the market.

– Understand competitive developments such as agreements, expansions, new launches products, and market holdings.

– Strategically outline key players and comprehensively analyze their growth strategies.

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:

Chapter 1: Introduction, Market Drivers Product Research, and Research Objectives Scope Electric Traction Motor Market

Chapter 2: Exclusive Summary – Basic Information of Electric Traction Motor Market

Chapter 3: Displaying Market Dynamics – Drivers, Trends, and Challenges of Electric Traction Motor

Chapter 4: Electric Traction Motor Market Factor Analysis Presentation Porters Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Display by Type, End-User, and County 2024-2030

Chapter 6: Assessment of Major Manufacturers in Electric Traction Motor Market Comprising Competitive Landscape, and Company Profiles

Chapter 7: To evaluate the Market by segments, countries, and manufacturers, with revenue share and sales by main countries for these different regions.

Chapters 8 and 9: Appendix, Methodology, and Data Source Display

Conclusion: All findings and estimates are provided at the end of the Electric Traction Motor Market report. It also includes key drivers and opportunities along with regional analysis. The segment analysis is also provided in terms of type and application.

𝐓𝐡𝐞 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐓𝐫𝐚𝐜𝐭𝐢𝐨𝐧 𝐌𝐨𝐭𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐫𝐞𝐩𝐨𝐫𝐭 𝐠𝐢𝐯𝐞𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠:

What guidelines are followed by key performers to contest this Covid-19 condition?
What are the important matters drivers, opportunities, challenges, and dangers of the market?
will face surviving?
Which are the essential market players in the Electric Traction Motor industry?
What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2024-2030)?
What could be the anticipated value of the Electric Traction Motor marketplace during the forecast period?

𝐑𝐞𝐚𝐝 𝐓𝐡𝐞𝐬𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐎𝐭𝐡𝐞𝐫 𝐥𝐚𝐧𝐠𝐮𝐚𝐠𝐞𝐬:

https://exactitudeconsultancy.com/ja/reports/23411/electric-traction-motor-market

https://exactitudeconsultancy.com/ko/reports/23411/electric-traction-motor-market/

https://exactitudeconsultancy.com/fr/reports/23411/electric-traction-motor-market

https://exactitudeconsultancy.com/de/reports/23411/electric-traction-motor-market

https://exactitudeconsultancy.com/zh-CN/reports/23411/electric-traction-motor-market

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𝐓𝐡𝐚𝐧𝐤𝐬 𝐟𝐨𝐫 𝐫𝐞𝐚𝐝𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐚𝐫𝐭𝐢𝐜𝐥𝐞...!! 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐠𝐞𝐭 𝐬𝐞𝐥𝐞𝐜𝐭 𝐜𝐡𝐚𝐩𝐭𝐞𝐫𝐬 𝐨𝐫 𝐫𝐞𝐠𝐢𝐨𝐧-𝐰𝐢𝐬𝐞 𝐜𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐰𝐢𝐭𝐡 𝐫𝐞𝐠𝐢𝐨𝐧𝐬 𝐬𝐮𝐜𝐡 𝐚𝐬 𝐀𝐬𝐢𝐚, 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚, 𝐚𝐧𝐝 𝐄𝐮𝐫𝐨𝐩𝐞.

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