Global Electric Traction Motors Market Report (2022 To 2027)


DUBLIN, November 2, 2022 /PRNewswire/ — The “Electric Traction Motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW and Above 400 kW), Application (Railroads, Electric Vehicles, Elevators , Conveyors and Machinery industries) and Region – Global Forecast to 2027” report has been added to from offer.

The Global Electric Traction Motor Market is Expected to Reach $22.2 billion by 2027 from an estimated market size of $12.3 billion in 2022 at a CAGR of 12.6% over the forecast period.

Rising demand for high-performance motors, favorable government policies and subsidies, and rising investment in the railway sector are expected to boost the electric traction motor market.

The increased demand for electric vehicles is the major growth opportunity for the electric traction motor market.

AC segment is expected to be the largest market for electric traction motors, by type

AC segment by type is estimated to be the largest market during the forecast period, 2022 to 2027. Compared to DC electric traction motor, AC electric traction motors are more in demand due to several reasons , such that they require no additional mechanical contact. such as work brushes, are simple to construct and relatively lighter for equivalent power.

These factors are expected to increase the demand for AC electric traction motors over the forecast period.

Europe: The second electric traction motor market

Europe was the second largest electric traction motor market, followed North America in 2021. The demand for electric vehicles in the region is increasing, thus driving the demand for electric traction motors.

The German and UK electric traction motor markets are expected to grow at a rapid rate over the forecast period.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews
4.1 Attractive Opportunities in Electric Traction Motors Market
4.2 Electric Traction Motors Market, by Region
4.3 Asia Pacific Electric Traction Motor Market by Application and Country
4.4 Electric Traction Motors Market, by Type
4.5 Electric Traction Motors Market, by Application
4.6 Electric Traction Motors Market, by Rated Power

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers Strengthening emissions regulations to push OEMs to manufacture and sell electric and hybrid vehicles Increase in demand for high performance motors Supportive government policies and subsidies Increase investments in the rail sector
5.2.2 Constraints High Initial Deployment Cost of Electric Traction Motors in the Railway Industry Volatility of commodity prices, particularly copper
5.2.3 Opportunities Increase in demand for electric vehicles
5.2.4 Challenges High cost of electric vehicles compared to ice vehicles Motor failure due to overheating
5.3 Impact of COVID-19
5.4 Trends/disruptions affecting business customers
5.4.1 Revenue shift and new revenue pockets in Electric Traction Motors Market
5.5 Supply Chain Analysis
5.6 Market map
5.7 Innovations and filing of patents

6 Electric Traction Motors Market, by Type
6.1 Presentation
6.2 Ac
6.2.1 High Efficiency and Low Manufacturing Cost Expected to Fuel the Demand for AC Motors
6.3 DC
6.3.1 Operational benefits such as low noise and less maintenance to increase demand for DC motors

7 Electric Traction Motors Market, By Rated Power
7.1 Presentation
7.2 Less than 200 kW
7.2.1 Demand for Electric Vehicles, Elevators and Light Rail Transit Systems to Amplify Segment Demand
7.3 200-400kW
7.3.1 Demand for Metro Systems, High Speed ​​Rail and Subway Trains to Drive Segment Growth
7.4 Above 400kW
7.4.1 Increase in urbanization rate and population growth to increase demand for motors over 400 kW

8 Electric Traction Motors Market, by Application
8.1 Presentation
8.2 Railways
8.2.1 Railway industry’s increased reliance on electric traction motors for high efficiency and low maintenance cost to drive the market Engine Diesel locomotives Electric locomotives Diesel-electric locomotives Rapid transit vehicles Diesel multiple units Electric multiple units Light rail vehicles Metro and metro trains Wagons Passenger cars Freight wagons
8.3 Electric vehicles
8.3.1 Rise in Electric Vehicles Globally Driving Increased Demand for Efficient Traction Motors Hybrid electric vehicles (HEVs) Battery electric vehicles (Bev) Plug-in hybrid electric vehicles (PHEVs)
8.4 Others

9 Electric Traction Motors Market, by Region

10 Competitive Landscape
10.1 Overview
10.2 Key Players Share Analysis, 2021
10.3 Revenue Analysis by Segment of Major Market Players
10.4 Recent Developments
10.4.1 Offers Electric Traction Motors Market: Offers, 2018 – 2022
10.4.2 Others Electric Traction Motor Market: Others, 2018 – 2022
10.5 Competitive Leadership Mapping
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Ubiquitous Players
10.5.4 Participants

11 company profiles
11.1 Key Companies
11.1.1 Toshiba Company
11.1.2 General Electrical
11.1.3 Siemens
11.1.4 Ametek, Inc.
11.1.5 Abb
11.1.6 Eatons
11.1.7 Voith GmbH & Co. KGaA
11.1.8 Kawasaki Heavy Industries
11.1.9 Traktionssysteme Austria GmbH
11.1.10 Mitsubishi Electric Corporation
11.1.11 Cg Power and Industrial Solutions Limited
11.1.12 Crrc Corporation Limited
11.1.13 Robert Bosch GmbH
11.1.14 Nidec Company
11.1.15 Weg
11.2 Other Players
11.2.1 American traction systems
11.2.2 Hitachi Industrial Products, Ltd.
11.2.3 Hyundai Rotem
11.2.4 Skoda Transport AS
11.2.5 Group Vem

12 Appendix

For more information about this report visit

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