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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 95.63 billion by 2029 | 23.04 % | Asia Pacific |
| By Type | By Power Rating | By Application |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Electric Traction Motor Market Overview
The electric traction motor market is expected to grow at 23.04 % CAGR from 2022 to 2029. It is expected to reach above USD 95.63 billion by 2029 from USD 14.8 billion in 2020.
An electric motor type known as an electric traction motor was created expressly for use in electric and hybrid automobiles. For the vehicle’s propulsion, these motors transform electrical energy into mechanical energy. These motors are sold to a variety of industries, including the automotive, railroad, and maritime sectors, in the global market for electric traction motors. The market offers both AC and DC motors as well as related products such as power electronics, controls, and motor drives. Due to rising interest in electric vehicles and stricter emission standards across the globe, the market is anticipated to expand quickly.
The market for electric traction motors is propelled by several variables, such as rising interest in electric and hybrid cars, strict government restrictions aimed at lowering greenhouse gas emissions, and improvements in electric motor technology. However, the market must overcome obstacles including the high price of electric vehicles, a dearth of charging stations, and a constrained driving range. There are several suppliers of electric traction motors and associated parts in this highly competitive sector. To improve the performance and lower the cost of electric traction motors, the market is also seeing considerable expenditures in research and development.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (Thousand units). |
| Segmentation | By Type, By Power Rating, By Application, By Region. |
| By Type
 |
|
| By Power Rating
 |
|
| By Application
 |
|
| By Region
 |
|
A significant market driver for electric traction motors is the increase in demand for energy-efficient motors. Vehicles’ energy efficiency allows for energy savings and reduced maintenance. The cost of fossil fuels is continually varying. The market for electric traction is, however, greatly influenced by the rising cost of petrol. The use of cars powered by electric traction motors is growing in popularity as a result. The environmental standard to minimize carbon emissions is also expected to increase in the future years.
In the world of electric traction motors, minimal restrictions exist. A significant obstacle in this business is motor failure. Electric traction technology has a large frictional force as well. Any traction technique uses less oil or lubricants than other systems do. It causes the motor to overheat and break down. Any technology or equipment depends on its motor. The traction motor’s problems can significantly reduce demand as a whole. The major market participants are increasing their R&D spending to resolve this problem. However, engine overheating and failure will have a significant impact on market demand and expansion.
It is anticipated that there will be a lot of investments in the market for electric traction motors in the approaching years. As significant firms increase their investments, the market will become more profitable. Additionally, during this time there is a high rate of new, inventive traction motor launches. A 3.3 billion record investment was made in the North American market. The examination of the region as a whole reveals increased investments from other market participants. The introduction of a hybrid electric traction motor will offer the sector numerous expansion opportunities. Electric car sales are already experiencing unprecedented demand in China.
COVID-19 had a significant impact on the electric traction motor market. By 2023, supply chains will have the most noticeable short-term influence on electric traction motors that have already been ordered or are during production. Industry leaders are preparing for delivery and construction delays, either due to countries having shut down industries to stop the spread of the coronavirus or due to the workers having tested positive. China, the US, and several regions of Europe supply a large number of the materials used to make electric traction motors.
Electric Traction Motor Market Segment Analysis
The electric traction motor market is segmented based on type, power rating and application.
Markets for AC and DC electric traction motors are divided based on type. In the market for electric traction motors, the AC sector is anticipated to be the largest by type during the anticipated time frame. For their propulsion, these motors are frequently utilized in the rail industry, electric vehicles, and industrial machinery. Compared to DC motors, AC motors are more reliable and efficient.
The market for electric traction motors is divided into AC and DC types according to type. For the length of the forecast, the AC segment is anticipated to be the market’s largest by type of electric traction motor. Electric cars, industrial machines, and the rail industry all frequently employ these motors to power their propulsion systems. Compared to DC motors, which are more difficult to operate and less effective.
Electric traction motors are used in electric vehicles, railroads, and other applications. Others include lifts, industrial machinery, and conveyor belts. During the projected period, it is anticipated that the electric vehicle segment will develop at the fastest rate. The demand for effective traction motors is rising as electric vehicles become more prevalent worldwide.
Electric Traction Motor Market Player
The electric traction motor market key players includes Siemens AG, ABB Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Continental AG, Robert Bosch GmbH, Denso Corporation, Hitachi, Ltd., Nidec Corporation, Bharat Heavy Electricals Limited (BHEL).
Recent Developments
16 February 2023: Siemens announced the launch of private industrial 5G user equipment, a critical component for the manufacturing industry in its digital transformation journey.
17 August 2021: Siemens Limited and Tata Power Delhi Distribution Limited (Tata Power-DDL) jointly announced the successful deployment of Smart Metering Technology for over 2,00,000 Smart Meters in North Delhi.
Who Should Buy? Or Key Stakeholders
- Electric vehicle manufacturers
- Automotive component suppliers
- Railway and marine transportation companies
- Governments and regulatory bodies
- Electric motor and component manufacturers
- Research and development organizations
- Others
Electric Traction Motor Market Regional Analysis
The electric traction motor market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Geographically, the APAC market accounted for the greatest revenue share of 54% in 2022, and it is also anticipated that it will continue to have a sway in the years to come. This is linked to the region’s expanding urbanisation, increased per capita income, and supportive government regulations for electric vehicles. APAC’s expanding need for electric traction motors is also fueled by the ongoing development of the region’s transport infrastructure, which includes HEVs, railway connections, high-speed bullet trains, and metro rail systems, as well as the rising demand for industrial railway rolling stock like electric, hybrid, and diesel-electric locomotives as well as narrow gauges.
During the anticipated timeframe, the European market will expand at a significant rate. This expansion can be attributed to the area’s rapid urbanisation, which has increased air pollution, greenhouse gas emissions, and energy waste; the growing government emphasis on the adoption of efficient and sustainable transportation solutions; and the increasing daily commuter traffic.
Key Market Segments: Electric Traction Motor Market
Electric Traction Motor Market by Type, 2020-2029, (USD Billion), (Thousand Units).
- AC
- DC
Electric Traction Motor Market by Power Rating, 2020-2029, (USD Billion), (Thousand Units).
- Below 200 KW
- 200-400 KW
- Above 400 KW
Electric Traction Motor Market by Application, 2020-2029, (USD Billion), (Thousand Units).
- Railways
- Electric Vehicles
- Others
Electric Traction Motor Market by Region, 2020-2029, (USD Billion), (Thousand Units).
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Key Question Answered
- What is the expected growth rate of the electric traction motor market over the next 7 years?
- Who are the major players in the electric traction motor market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such As Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the electric traction motor market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the electric traction motor market?
- What is the current and forecasted size and growth rate of the global electric traction motor market?
- What are the key drivers of growth in the electric traction motor market?
- What are the distribution channels and supply chain dynamics in the electric traction motor market?
- What are the technological advancements and innovations in the electric traction motor market and their impact on power rating development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the electric traction motor market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the electric traction motor market?
- What are the products offering and specifications of leading players in the market?
- What is the pricing trend of electric traction motor in the market and what is the impact of raw power rating prices on the price trend?
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL ELECTRIC TRACTION MOTOR OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON ELECTRIC TRACTION MOTOR MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- APPLICATION VALUE CHAIN ANALYSIS
- GLOBAL ELECTRIC TRACTION MOTOR OUTLOOK
- GLOBAL ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION) (THOUSAND UNITS) 2020-2029
- AC
- DC
- GLOBAL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION) (THOUSAND UNITS) 2020-2029
- BELOW 200 KW
- 200-400 KW
- ABOVE 400 KW
- GLOBAL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION) (THOUSAND UNITS) 2020-2029
- RAILWAYS
- ELECTRIC VEHICLES
- OTHERS
- GLOBAL ELECTRIC TRACTION MOTOR MARKET BY REGION (USD BILLION) (THOUSAND UNITS) 2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- SIEMENS AG
- ABB LTD.
- TOSHIBA CORPORATION
- MITSUBISHI ELECTRIC CORPORATION
- CONTINENTAL AG
- ROBERT BOSCH GMBH
- DENSO CORPORATION
- HITACHI, LTD.
- NIDEC CORPORATION
- BHARAT HEAVY ELECTRICALS LIMITED (BHEL) *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 3 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 4 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 5 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 6 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 7 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY REGION (USD BILLION), 2020-2029
TABLE 8 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY REGION (THOUSAND UNITS), 2020-2029
TABLE 9 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 11 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 13 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 14 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 15 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 16 NORTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 17 US ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18 US ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 19 US ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 20 US ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 21 US ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 22 US ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 23 CANADA ELECTRIC TRACTION MOTOR MARKET BY TYPE (BILLION), 2020-2029
TABLE 24 CANADA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 25 CANADA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 26 CANADA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 27 CANADA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 CANADA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 29 MEXICO ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 30 MEXICO ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 31 MEXICO ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 32 MEXICO ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 33 MEXICO ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 MEXICO ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 35 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 37 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 38 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 39 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 40 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 41 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 42 SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 43 BRAZIL ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44 BRAZIL ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 45 BRAZIL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 46 BRAZIL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 47 BRAZIL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 48 BRAZIL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 49 ARGENTINA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 50 ARGENTINA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 51 ARGENTINA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 52 ARGENTINA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 53 ARGENTINA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 54 ARGENTINA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 55 COLOMBIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 56 COLOMBIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 57 COLOMBIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 58 COLOMBIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 59 COLOMBIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 COLOMBIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 61 REST OF SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62 REST OF SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 63 REST OF SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 64 REST OF SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 65 REST OF SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 66 REST OF SOUTH AMERICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 67 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 68 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 69 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 70 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 71 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 73 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 74 ASIA-PACIFIC ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 75 INDIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 76 INDIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 77 INDIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 78 INDIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 79 INDIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 INDIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 81 CHINA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82 CHINA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 83 CHINA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 84 CHINA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 85 CHINA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 86 CHINA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 87 JAPAN ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88 JAPAN ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 89 JAPAN ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 90 JAPAN ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 91 JAPAN ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 92 JAPAN ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 93 SOUTH KOREA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 94 SOUTH KOREA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 95 SOUTH KOREA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 96 SOUTH KOREA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 97 SOUTH KOREA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 SOUTH KOREA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 99 AUSTRALIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100 AUSTRALIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 101 AUSTRALIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 102 AUSTRALIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 103 AUSTRALIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 104 AUSTRALIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 105 SOUTH EAST ASIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 106 SOUTH EAST ASIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 107 SOUTH EAST ASIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 108 SOUTH EAST ASIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 109 SOUTH EAST ASIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 SOUTH EAST ASIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 111 REST OF ASIA PACIFIC ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112 REST OF ASIA PACIFIC ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 113 REST OF ASIA PACIFIC ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 114 REST OF ASIA PACIFIC ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 115 REST OF ASIA PACIFIC ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 116 REST OF ASIA PACIFIC ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 117 EUROPE ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 118 EUROPE ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 119 EUROPE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 120 EUROPE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 121 EUROPE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 122 EUROPE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 123 EUROPE ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 124 EUROPE ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 125 GERMANY ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126 GERMANY ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 127 GERMANY ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 128 GERMANY ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 129 GERMANY ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 130 GERMANY ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 131 UK ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 132 UK ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 133 UK ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 134 UK ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 135 UK ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 UK ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 137 FRANCE ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 138 FRANCE ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 139 FRANCE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 140 FRANCE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 141 FRANCE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 142 FRANCE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 143 ITALY ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 144 ITALY ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 145 ITALY ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 146 ITALY ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 147 ITALY ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 148 ITALY ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 149 SPAIN ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 150 SPAIN ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 151 SPAIN ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 152 SPAIN ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 153 SPAIN ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 154 SPAIN ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 155 RUSSIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 156 RUSSIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 157 RUSSIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 158 RUSSIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 159 RUSSIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 160 RUSSIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 161 REST OF EUROPE ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 162 REST OF EUROPE ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 163 REST OF EUROPE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 164 REST OF EUROPE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 165 REST OF EUROPE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 166 REST OF EUROPE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 167 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 173 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 174 MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY COUNTRY (THOUSAND UNITS), 2020-2029
TABLE 175 UAE ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 176 UAE ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 177 UAE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 178 UAE ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 179 UAE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 180 UAE ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 181 SAUDI ARABIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 182 SAUDI ARABIA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 183 SAUDI ARABIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 184 SAUDI ARABIA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 185 SAUDI ARABIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 186 SAUDI ARABIA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 187 SOUTH AFRICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 188 SOUTH AFRICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 189 SOUTH AFRICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 190 SOUTH AFRICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 191 SOUTH AFRICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 192 SOUTH AFRICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
TABLE 193 REST OF MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (USD BILLION), 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY POWER RATING (THOUSAND UNITS), 2020-2029
TABLE 197 REST OF MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 198 REST OF MIDDLE EAST AND AFRICA ELECTRIC TRACTION MOTOR MARKET BY APPLICATION (THOUSAND UNITS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING, USD BILLION, 2020-2029
FIGURE 11 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY TYPE, USD BILLION, 2021
FIGURE 13 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING, USD BILLION, 2021
FIGURE 15 GLOBAL ELECTRIC TRACTION MOTOR MARKET BY REGION, USD BILLION, 2021
FIGURE 16 PORTER’S FIVE FORCES MODEL
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 SIEMENS AG: COMPANY SNAPSHOT
FIGURE 19 ABB LTD.: COMPANY SNAPSHOT
FIGURE 20 TOSHIBA CORPORATION: COMPANY SNAPSHOT
FIGURE 21 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
FIGURE 22 CONTINENTAL AG: COMPANY SNAPSHOT
FIGURE 23 ROBERT BOSCH GMBH: COMPANY SNAPSHOT
FIGURE 24 DENSO CORPORATION: COMPANY SNAPSHOT
FIGURE 25 HITACHI, LTD.: COMPANY SNAPSHOT
FIGURE 26 NIDEC CORPORATION: COMPANY SNAPSHOT
FIGURE 27 BHARAT HEAVY ELECTRICALS LIMITED (BHEL): COMPANY SNAPSHOT
FAQ
The electric traction motor market is expected to grow at 23.04 % CAGR from 2022 to 2029. It is expected to reach above USD 95.63 Billion by 2029 from USD 14.8 Billion in 2020.
Asia Pacific held more than 54 % of the electric traction motor market revenue share in 2021 and will witness expansion in the forecast period.
A significant market driver for electric traction motors is the increase in demand for energy-efficient motors. Vehicles’ energy efficiency allows for energy savings and reduced maintenance.
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