The global electric vehicle traction motor market size is expected to reach USD 19.8 billion by 2025, growing at a CAGR of 41% during the forecast period. Electric vehicles (EVs) support the movement of vehicles. Increasing adoption EVs have been a major contributor to market growth.
A full report of Electric Vehicle (EV) Traction Motor Market available at: https://www.orionmarketreports.com/electric-vehicle-ev-traction-motor-market/58213/
Electric Vehicle (EV) Traction Motor Market- Segmentation
By Type
• AC
• DC
By Power
• Below 200 kW
• 200-400 kW
• Above 400 kW
By Application
• Railways
• Electric Vehicle
• Others
Key Market Players
The major players in the electric traction motor market include ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), GE (US), and Siemens (Germany).
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
