Growing investments in the railway sector, high demand for effective motors for propulsion application, and rising focus on electric vehicles to condense carbon emissions are driving the market for electric traction motor across the globe. The electric traction motor market is also increasing at a good step in countries includes India, Australia, and South Korea owing to growing investment in railway projects, specifically related to high speed rail and metro trains. Furthermore, fluctuation in the price of raw materials such as copper and aluminium is expected to limiting the growth in the electric traction motor market.
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Global Electric Traction Motor Market Overview:
The " Global Electric Traction Motor Market Analysis" is a thorough examination of the Global Electric Traction Motor market, with an emphasis on market trends and analysis. This research aims to give an overview of the Global Electric Traction Motor industry as well as a complete market analysis by segment and geography. The Global Electric Traction Motor market is predicted to grow significantly over the forecast period. The report includes vital information on the market positions of the major Global Electric Traction Motor companies, as well as notable industry trends and prospects.
Global Electric Traction Motor Market size is expected to reach US$ 48.13 Bn. by 2027, growing at a CAGR of 19.39% during the forecast period.
Global Electric Traction Motor Market Scope:
The research contains a PESTLE analysis to examine the strengths and weaknesses of the market's top players. The research explores the Global Electric Traction Motor Market size, share, trends, total earnings, gross revenue, and profit margin in-depth in order to forecast the market and provide investors with expert insights to keep them up to date on market changes.
The study also includes company biographies, product photographs and specifications, capacity, production, price, cost, revenue, and contact information for the leading industry players in the Global Electric Traction Motor market. This research looks into market trends, volume, and value on a , regional, and corporate scale. This study examines the whole Global Electric Traction Motor Market Size from a worldwide standpoint, evaluating historical data and generating estimates.
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Global Electric Traction Motor Market Segmentation:
The railway segment is estimated to share major contribution in the global electric traction motor market. The growth in the market is attributed to the increasing infrastructure of a railway across the globe. A growing focus on speed control and high starting torque essential by rail vehicles and the increasing investment in rolling stock are the major drivers for the railway applications segment.
Global Electric Traction Motor Market Key Players:
• Schneider Electric SE
• The Curtiss-Wright Corporation
• Prodrive Technologies
• Toshiba Corporation
• General Electric Co.
• CG Power and Industrial Solutions Ltd.
• Aisin
• ABB, Ltd.
• Alstom S.A.
• Siemens AG
• Delphi Automotive LLP
• Voith GmbH
• Mitsubishi Electric Corporation
• Bombardier Inc.
• American Traction Systems
• VEM Group
• Caterpillar Inc.
• TTM Rail - Transtech Melbourne Pty Ltd.
• Kawasaki Heavy Industries Ltd.
• Traktionssysteme Austria GmbH
• Hyundai Rotem Company
• Hitachi, Ltd.
• Ansaldo Signalling
• Magna International
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Primary and secondary research finds major market participants, whereas primary and secondary research estimates their market revenues. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a study of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and market breakdowns, which are then cross-checked against primary data. The following is a list of a few firms involved in the Global Electric Traction Motor industry.
Regional Analysis:
The Global Electric Traction Motor study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region's and country's share and growth rate during the projected time period.
After examining political, economic, social, and technological aspects impacting the Global Electric Traction Motor market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
COVID-19 Impact Analysis on Global Electric Traction Motor Market:
Customer behavior has changed as a result of the COVID-19 epidemic across all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19's influence on the Global Electric Traction Motor market and will assist you in developing your business in accordance with the new industry standards.
Under the COVID-19 Impact section, the Global Electric Traction Motor Market Report offers 360-degree research ranging from the flexible supply chain and import limitations to provincial government policies and the firm's future impact. Primary market research (2021-2027), instances of venture rivalry, benefits and drawbacks of large company streams, and industry growth trends (2021-2027) have all been given.
Key Questions Answered in the Global Electric Traction Motor Market Report are:
How big is the market for Global Electric Traction Motor?
Which regional market will emerge as the market leader in the next years?
Which application category is expected to develop the fastest?
What opportunities for growth may exist in the Global Electric Traction Motor industry in the next years?
What are the most significant future challenges that the Global Electric Traction Motor market may face?
Who are the market leaders in the Global Electric Traction Motor category?
What are the main trends that are influencing market growth?
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