The electric traction motor market is expected to grow at an annual average of 20% from 2020 to 2025, reaching $14.2 billion in 2020 to $36.6 billion in 2025. Growing demand for high-performance motors, favorable government policies and subsidies, and increased investment in the railway sector are expected to drive the electric traction motor market during the forecast period.
A full report of Electric Traction Motor Market is available at: https://www.orionmarketreports.com/electric-traction-motor-market/20472/
Electric Traction Motor Market Segmentations
By Type
• AC
• DC
By Power Rating
• Below 200 kW
• 200-400 kW
• Above 400 kW
By Application
• Railways
• Electric Vehicle
• Others
Reasons to Buying From us –
• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
