Electric traction motor by power rating, has been segmented into <200 kW, 200 kW to 400 kW, and >400 kW. The <200 kW segment is expected to grow at the fastest rate during the forecast period. Electric traction motors with a power rating <200 kW are widely used in electric vehicles and light rail vehicles such as trams, mono rail, and others. Need for decarbonizing transport sector and increasing investments in the light rail vehicles are expected to drive the market for electric traction motors with rate power <200 kW during the forecast period.
The electric vehicle segment is expected to grow at the highest CAGR during the forecast period. The demand for electric vehicles is increasing in order to reduce the emissions and to the increase efficiency of the vehicles by decreasing the dependence on internal combustion engines.
The Global Electric Traction Motor Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Electric Traction Motor Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Benchmarking
Crrc 
Alstom 
Traktionssysteme Austria 
Siemens 
ABB 
Bosch 
CG Power 
General Electric (GE) 
NIDEC 
Skoda Electric 
Toshiba 
Weg Sa

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
AC
DC

In Market segmentation by applications :
Railway
Electric vehicles
Others (Elevators, conveyors, and industrial machinery)

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Electric Traction Motor Market for the forecast period 2023-2030?
• What are the driving forces in the Electric Traction Motor Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Electric Traction Motor industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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