Electric Traction Motor Market to Grow at Highest Pace Owing to Increased Demand for Electric Vehicles
The Electric Traction Motor Market has seen significant growth in recent years due to the growing demand for electric vehicles. Electric traction motors are electric motors commonly used for industrial and transportation purposes, especially in electric vehicles where they power the wheels or tracks.
The Global Electric Traction Motor Market is estimated to be valued at USD 18.34 Billion in 2024 and is expected to exhibit a CAGR of 14.5% over the forecast period 2024.
Key Takeaways
Key players operating in the s are Siemens AG, CRRC, Traction Motor Company, ABB, Skoda Electric, General Electric, Toshiba, and WEG Industries.
Get More Insights on Electric Traction Motor Market https://kartlucy.liveposit...
The Electric Traction Motor Market has seen significant growth in recent years due to the growing demand for electric vehicles. Electric traction motors are electric motors commonly used for industrial and transportation purposes, especially in electric vehicles where they power the wheels or tracks.
The Global Electric Traction Motor Market is estimated to be valued at USD 18.34 Billion in 2024 and is expected to exhibit a CAGR of 14.5% over the forecast period 2024.
Key Takeaways
Key players operating in the s are Siemens AG, CRRC, Traction Motor Company, ABB, Skoda Electric, General Electric, Toshiba, and WEG Industries.
Get More Insights on Electric Traction Motor Market https://kartlucy.liveposit...
Electric Traction Motor Market is Estimated to Witness High Growth Owing to Increasing Government Support for Electric Transportation
The Electric Traction Motor Market has been witnessing steady growth over the past few years. Electric traction motors find application in electric locomotives
https://kartlucy.livepositively.com/electric-traction-motor-market-is-estimated-to-witness-high-growth-owing-to-increasing-government-support-for-electric-transportation/new=1
06:37 AM - Feb 27, 2025 (UTC)
