Absolute Markets Insights added recently released new research report on Electric Traction Motors Market 2022 by Top Manufacturers, Regions, Type and Application, Forecast provides updates and information related to industry coverage, current market competitive status, and market outlook. Electric Traction Motors market report is a particular investigation of the business which clarifies what the market definition, arrangements, applications, commitment, and worldwide industry patterns are. This market research report serves to be an exceptionally huge segment of business system. Excellent practice models and method of research utilized while generating this industry report reveals the best opportunities to thrive in the market. With the market data of this report, emerging trends along with major drivers, challenges and opportunities in the market for Electric Traction Motors industry can be identified and analysed. Electric Traction Motors market report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios.

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In terms of revenue growth, the global electric traction motors market is expected to witness a CAGR of 18.3% over the forecast period. Some of the players operating in the electric traction motors market are ABB, American Traction Systems, CG India, CRRC YONGJI ELECTRIC CO., LTD., General Electric, Hitachi, Ltd., Indar Ingeteam Group, NIDEC CORPORATION, Robert Bosch GmbH, Siemens Mobility and WEG. among others.

Electricity is considered as one of the key inventions in human history. The widespread applications of the technology have been beneficial for the investments and research initiatives related to the concept. Numerous devices and components have been developed in order to expand the applications of electricity across various industry verticals. In addition to this, the integration of electrical devices in consumer technology has also opened up an industry of its own. One of the notable devices developed under the technology is the electric traction motor.

The initial designs for traction motors can be traced back to the late 1800s in the work of Frank J. Sprague. Sprague’s design included an electric motor based on the design of Zenobe Gramme, the Belgian engineer behind the first electric motor. Sprague focused on improving the overall design and making it suitable for more applications. Later developments in the motor helped in the application initially across tramcars. These designs were further worked upon by other researchers which led to the use of electric traction motors across various transportation modes.

Electric Traction Motors Market:

By Type

    • AC Traction Motor
    • DC Traction Motor

By Rated Power

    • Below 200 kW
    • 200-400 KW
    • Above 400 KW

By Application

    • Railway
    • Light Rail Vehicle
    • Metro
    • Commuter Rail
    • Locomotive
    • Trams
    • High Speed Trains
    • Electric Vehicles
    • Battery Electric Vehicles
    • Electric Hybrid Vehicles
    • Elevators
    • Roller Coasters
    • Conveyors and Trolley Buses
    • Others

 

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