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

Profile Picture
By Author: MarketsandMarkets™ INC.
Total Articles: 50
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

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"

https://www.marketsandmarkets.com/Market-Reports/electric-traction-motor-market-248269129.html

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

The

Total Views: 37Word Count: 510See All articles From Author

Add Comment

General Articles

1. The Power Of Psychophysiological Stress Profiling
Author: Balter Moond

2. What Are The Areas In The House Should You Focus On While Controlling Pests?
Author: Austin Baines

3. Side Effects Of Not Using Pest Control Services
Author: Austin Baines

4. What Are Benefits Of Taking An Orthodontic Treatment?
Author: Steven Edward

5. Unleash Your Style With Unique Table Lamps For Sale At Worlds Away
Author: Robert Berry

6. How To Lower The Energy Bills In Your Businesses?
Author: matthew banks

7. How To Check For Pest Infestation In The House?
Author: Austin Baines

8. Fire Testing Market Worth $8.6 Billion By 2024
Author: MarketsandMarkets

9. Global Fresh Meat Packaging Market
Author: jayashree

10. Global Smart Bottle Market
Author: jayashree

11. Global Mobile Phones Packaging Market
Author: jayashree

12. Global Hydration Containers Market
Author: jayashree

13. Global Hand Dryer Market
Author: jayashree

14. How To Remove Gum From The Carpet?
Author: Austin Baines

15. Different Reasons To Lose Your Weight
Author: Seth Aslatt

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