123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> General >> View Article

Electric Traction Motor Market Is Expected To Grow At A Cagr Of 18.10% During The Forecast Period Of

By Author: MarketsandMarkets™ INC.
Total Articles: 50

The electric traction motor market is expected to grow from an estimated USD 12.41 Billion in 2018 to USD 28.51 Billion by 2023, at a CAGR of 18.10% during the forecast period. The market is set to witness significant growth due to the rising demand from railway sector and the increased demand for energy efficient motors. Moreover, the rising demand of electric vehicles offers promising business opportunity in the electric traction motor market.

Browse 61 market data Tables and 38 Figures spread through 129 Pages and in-depth TOC on "Electric Traction Motor Market by Type (AC and DC), Power Rating (400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region - Global Forecast to 2023"


AC segment is expected to be the largest electric traction motor market segment, by type, in 2018.
The AC segment is expected to be the largest segment of the electric traction motor market, by type, in 2018. AC electric traction motors are widely used in the electric vehicles and railway application to provide propulsion and higher torque. Advantages of AC motor, such as less maintenance compared to DC motor, better speed acceleration, and higher efficiency are the key drivers for the growth of the AC electric traction motor market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248269129


Total Views: 10Word Count: 510See All articles From Author

General Articles

1. Things To Avoid While Selecting An International Moving Services
Author: Abdulatif Sayegh

2. Varanasi Ganga Aarti Live Darshan At Gotirupati
Author: GoTirupati

3. Important Seo Trends Of 2019 You Should Know
Author: Peter Smith

4. Using E-cig Pod That Is Disposable
Author: Marcus Allen

5. Anticipation Would Be A Helicopter
Author: XIN

6. Different Types Of Bolt Manufacturer In India
Author: bolt manufacturer

7. Dental Health An Important Factor
Author: Mike

8. Hue Jackson Back Again Within Cincinnati, Assisting Towards Work Safety
Author: fhh

9. Importance Of Hiring It Consultants For Your Project In Fort Lauderdale
Author: Acordis International Corporation

10. Indian Suicide Hotline
Author: 1life

11. Cockroach Service In Chennai
Author: Easy Pest Control

12. How Formal Branded Shirts Can Make You Look Your Best?
Author: Kumar Ram

13. Varanasi- The Light City Of India
Author: Gajanan Joshi

14. How Much Hand Sanitizers Are Effective For Business Promotions?
Author: handsanitizersstore

15. Organic Baby Healthy Products
Author: Seda

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: