How Electric Traction Motor is growing with Manufacturer & SWOT Analysis Along with illustrations & Forecast 2027

Propulsion of vehicle where the driving force is derived from various devices such as steam engine drives, electric motors, diesel engine drives etc. is referred to as a traction system. These electric traction systems are highly efficient, are quick to start, easy-to-handle, and pollution-free. Growing advancements of electrical drives for the traction systems, electrification is being commonly used for different applications and services.

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Rising environmental regulations hovering around the carbon emissions, and increased demands for enhanced power productivity have driven the demands for electric traction motor in recent years. Uncertainty of the raw material prices with electric traction motor is hindering the growth of the electric traction motor market in recent times. Enhanced focus laid down by automakers on the development of electric vehicles is providing huge opportunities for the electric traction motor market players during the forecast period.

The "Global Electric Traction Motor Market Analysis to 2027" is a specialized and in-depth study of the electric traction motor market with a focus on the global market trend. The report aims to provide an overview of global electric traction motor market with detailed market segmentation by power rating, application, and geography. The global electric traction motor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

List of the Top Key Players of Electric Traction Motor Market:

·         ABB Ltd.

·         Skoda Electric

·         Toshiba Corporation

·         General Electric

·         Weg SA

·         Bosch Limited

·         CG Power

·         TSA

·         Alstom

·         NIDEC Corporation