Electric traction motor is used for propulsion of a vehicle, usually in electrically powered rail vehicles such as electric multiple units and other electric vehicles such as elevators, conveyors, and others. These motors are also installed in fully hybrid and battery electric vehicles to provide rotation torque and maintain energy efficiency.

The growing demand for electric traction motor market is attributed to the increasing investment in electric vehicles which would help in ... Read more

The global electric traction motor market is expected to grow at a CAGR of 18.10% from 2018 to 2023 to reach a market size of USD 28.51 billion by 2023. The increasing demand for carbon emission-free vehicles, increasing transportation system efficiency, and the need for reducing air pollution are expected to drive the electric traction motor market during the forecast period. ... Read more