Global Traction Motor System Market Growth 2023-2029

Global Traction Motor System Market Growth 2023-2029

A traction motor is an electric motor used for propulsion of a vehicle, such as an electric locomotive or electric roadway vehicle.

LPI (LP Information)' newest research report, the “Traction Motor System Industry Forecast” looks at past sales and reviews total world Traction Motor System sales in 2022, providing a comprehensive analysis by region and market sector of projected Traction Motor System sales for 2023 through 2029. With Traction Motor System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Traction Motor System industry.

This Insight Report provides a comprehensive analysis of the global Traction Motor System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Traction Motor System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Traction Motor System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Traction Motor System and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Traction Motor System.

The global Traction Motor System market size is projected to grow from US$ 17600 million in 2022 to US$ 21790 million in 2029; it is expected to grow at a CAGR of 21790 from 2023 to 2029.

Global Traction Motor key players include BYD, ZF, Nissan, Continental AG, Meidensha, etc. Global top five players hold a share about 40%.

China is the largest market, with a share about 46%, followed by Europe and North America , having a total share abo

This report presents a comprehensive overview, market shares, and growth opportunities of Traction Motor System market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
AC
DC

Segmentation by application
Railways
Electric Vehicle
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
CG Power and Industrial Solutions
CRRC
General Electric
Mitsubishi
TOSHIBA CORPORATION
Siemens
Nidec Corporation
Ametek DFS
EATON
Voith
Kawasaki Heavy Industries
Traktionssysteme Austria
Bosch Mobility Solutions
WEG

Key Questions Addressed in this Report

What is the 10-year outlook for the global Traction Motor System market?

What factors are driving Traction Motor System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Traction Motor System market opportunities vary by end market size?

How does Traction Motor System break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.