Market Values:

The Electric Traction Motor Market, : size is expected to reach US$ 68.60 Bn. by 2029, growing at a CAGR of 19.39% during the forecast period.

Report Scope:

The comprehensive report analyzes market trends from 2018 to project market dynamics through 2029, with a special focus on the effects of the 2022 lockdown on demand, supply, and strategic analysis of resilient companies. COVID-19's impact on production, demand, supply chains, and financial markets is thoroughly examined.

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Research Methodology:

The study incorporates a blend of primary and secondary research methods, with special attention to the year 2022 and the pandemic's aftermath on the market for the next two years.

Drivers and Restraints:

Electric Traction Motor , the preferred material for storing beverages, food, and pharmaceuticals, owes its popularity to its recyclability and preservation properties. The market is driven by the demand for eco-friendly packaging, emphasis on sustainable practices, and the rise in demand for healthy and organic food products. The alcoholic beverages industry, choosing glass bottles for preserving taste and quality, significantly contributes to market growth.

Market Dynamics:

The report segments the global market by Application Type (Packaging, Tableware, Decorative Containers), End-User Type (Food & Beverage Packaging, Cosmetics Packaging, Healthcare Packaging, Consumer Applications Packaging, Chemical, Others), and Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America).

Electric Traction Motor Market Segmentation:

by Power Rating
<200 kW
200 kW to 400 kW
>400 kW

by Type 

Ac
DC

The most popular type is the AC motor. One of the benefits of AC motors is that they are easier to manufacture because they don't require any mechanical parts to operate, and they are lighter than DC motors for the same power. Through the use of cutting-edge electronics, the AC units are able to increase traction and adhesion with careful efficiency. Microprocessors enable accurate measurement of it and aid in redeveloping current to a halt. At low speeds, DC regeneration decreases quickly. Furthermore, AC motors are sturdy and easy to support than DC motors. In the current industrial space, these items are most commonly utilised in numerous applications including as industrial machines, conveyors, and electric vehicles. In the automotive industry, AC motors have a greater

by Application
Railway
Electric Vehicle
Elevators
Conveyors
Industrial Machinery

The market for electric traction motors is expected to be dominated by the railway industry. The expanding global railway network is thought to be the reason for the market's expansion. The primary drivers of the railway applications segment are the growing emphasis on high starting torque and speed control, which are crucial for rail cars, as well as the rising cost of rolling stock.

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Electric Traction Motor Market Key Players

1. Schneider Electric SE
2. The Curtiss-Wright Corporation
3. Prodrive Technologies
4. Toshiba Corporation
5. General Electric Co.
6. CG Power and Industrial Solutions Ltd.
7. Aisin
8. ABB, Ltd.
9. Alstom S.A.
10.Siemens AG
11.Delphi Automotive LLP
12.Voith GmbH
13.Mitsubishi Electric Corporation
14.Bombardier Inc.
15.American Traction Systems
16.VEM Group
17.Caterpillar Inc.
18.TTM Rail - Transtech Melbourne Pty Ltd.
19.Kawasaki Heavy Industries Ltd.
20.Traktionssysteme Austria GmbH
21.Hyundai Rotem Company
22.Hitachi, Ltd.
23.Ansaldo Signalling
24.Magna International

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Table of content for the Electric Traction Motor Market includes:

Part 01: Executive Summary

Part 02: Scope of the Electric Traction Motor Market Report

Part 03: Global Electric Traction Motor Market Landscape

Part 04: Global Electric Traction Motor Market Sizing

Part 05: Global Electric Traction Motor Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Regional Insights:

The global Electric Traction Motor market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Electric Traction Motor Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Electric Traction Motor to bolster military capabilities.

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