Electric Traction Motor Global Market Report 2022: Ukraine-Russia War Impact
The electric traction motor market is expected to grow to $30.59 billion in 2026 at a compound annual growth rate (CAGR) of 21.99%.
- The electric traction motor market is expected to grow to $30.59 billion in 2026 at a compound annual growth rate (CAGR) of 21.99%.
- The electric traction motor market consists of the sales of electric traction motors by entities (organizations, sole traders, and partnerships) that refers to the electric motor used to propel electrically powered systems such as elevators, trolleybuses, conveyors, locomotives rails, and other electric controlled vehicle with electrical transmission systems.Electric traction motors generate power to turn the wheels transmitted to the wheels via the driving gear unit and axle.
- Therefore, the rising demand for electric vehicles will drive the electric traction motor market.
- The electric traction motors market research report is one of a series of new reports that provides electric traction motors market statistics, including electric traction motors industry global market size, regional shares, competitors with an electric traction motors market share, detailed electric traction motors market segments, market trends and opportunities, and any further data you may need to thrive in the electric traction motors industry.