Electric Traction Motor Market

1
Electric Traction Motor Market
2
As said in a statement by PS Intelligence, the
total revenue generated by the electric traction
motor market was USD 12,669 million in 2022, and
it will grow at a rate of 13.5 by the end of
this decade to reach USD 34,891 million by
2030.The railway category is growing the
fastest application with a rate of 13.8 in the
years to come. As opposed to roads, the railway
is a better option and more lucrative for
long-distance mass transport of products and
goods. Moreover, chiefly as a result of tech
improvements, the presentation of railway engines
and motors has improved with regards to
locomotive safety and speed. Request for sample
pages of this report https//www.psmarketresearch
.com/market-analysis/electric-traction-motor-marke
t/report-sampleElectric motors are extensively
employed in the railway sector because of their
several advantages, such as performance
efficiency, modular design, permanency, and low
upkeep necessities.The initiation of
inducements and increased support for the
formation of manufacturing facilities for these
automobiles by regulatory organizations across
numerous countries have formed a favorable
climate for the development of the e-scooter and
motorbike sector.These beneficial conditions
are extended to a count of other areas of the
ecosystem for zero-emission motorcycles and
scooters, for example battery manufacturing and
setting up of charging stations, enticing
momentous public investment globally in this
field.
3
The AC category dominated the electric traction
motor market, of 86 share, in the recent past,
and it will maintain its dominance in the years
to come. This is because of the extensive use of
AC motors in electric vehicles, industrial
equipment, and the railway industry. Such motors
are similarly more effective and manageable than
DC motors.The 200-400 Kw dominated the industry
in 2022, and it will maintain its position in the
years to come. This is as a result of the
widespread applications of e- motors with 200-400
kW in metro systems, high-speed subway trains,
and numerous supplementary heavy industrial
machineries.Furthermore, the below 200 kW
category will grow at a considerable rate in the
years to come. This can be credited to the
increasing use of e-motors with below 200 kW in
the production of light vehicles, favorable
environmental and governmental regulations, and
an increase in the necessity for dependable
motors equipped with high torque.Browse full
report at https//www.psmarketresearch.com/market
-analysis/electric-traction-motor-marketAPAC
had the largest share of revenue, of 44, in the
years to come, and will maintain its dominance in
the years to come. This has a lot to do with the
increasing urbanization, growing per capita
income, and advantageous government policies for
EVs.Owing to the increasing demand for the
high-performance motors all over the world, the
value of the industry will continue to grow in
the years to come.
4
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.