Traction Motor Market Share, Growth, Region Wise Analysis of Top Players and Forecasts 2022

Global Traction Motor Market is anticipated to rise at a higher CAGR in the predicted period. Traction motor is defined as an electric motor consisting of stationary electrical parts It is typically AC, DC motor surrounded with armature series, and which has coils which is surrounded by these coils and the armature in a sequential from the basically used for the driving machinery. The traction motors are developed that have the proven electrical system which protect against thermal, mechanical and electrical stresses. The electric cars and the public transportation contribute to the green environment by emitting less of carbon dioxide. So, the Traction motors are utilized to provide the necessary torque which supports the sleeve bearings. More than 85% of the electrical power converts into mechanical power under normal conditions of the traction motors.

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There is an increasing demand and the trend for electrification of the vehicle in the automotive industry, which is in the demand for electrical components also. Automotive industry has major driver factor for the growth of the market in the traction motors markets i.e. new developmental technologies such as increase in the regenerative brakes, and increase in R&D for specific requirements which is based on the traction motor application. Also, there is increase in awareness or emission reduction of the vehicle which are steering the growth and the demand of the traction motors market. There are technologies like hybrid vehicle technology that are steering the growth of the traction motor market during the predicted period. Traction Motor Market is segmented, By Product Type Permanent Magnet Motor, AC Induction Motor, and other Types. Traction Motor Market is segmented, By Applications Commercial Vehicles, Transportation, Passenger Cars, and others.

There are various applications of the traction motor industry. The Development in vehicles technology such as hybrid vehicle, where the generation of the power and the transmission takes in the electric mode of the traction motors. The electric mode is taken the lead in the traction motor market. The property of the traction motor is high in efficiency and the unique proposition leading across various applications.

Top Key Players Analysis covered in Traction Motor Market Report

• ABB
• ALSTOM
• Siemens
• Toshiba
• GE
• Hyundai Rotem
• Skoda
• Traktionssysteme Austria
• Rotomac Electricals
• Bombardier
• CLW
• Saini and many others

Segmentation on the basis of Product Types,

• Induction Traction Motor
• Permanent-magnet Synchronous Traction Motor

Segmentation on the basis of Applications/End-Users,

• Electric Locomotives
• High-speed Rail
• Trams
• Electric Multiple Units
• Others

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Traction Motor in these regions, from 2012 to 2022 (forecast), covering

• North America
• Europe
• China
• Japan
• Southeast Asia
• India

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