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Traction Motor Market To Witness Enhanced Demand From Automotive Industry Till 2022 | Million Insights

Traction Motor Market To Witness Enhanced Demand From Automotive Industry Till 2022 | Million Insights

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According to new report available with Million Insights, Global Traction Motor Market is anticipated to rise at a higher CAGR in the predicted period. There is an increasing demand and the trend for electrification of the vehicle in the automotive industry, which is in the demand for electrical components also. Automotive industry has major driver factor for the growth of the market in the traction motors markets.

Global Traction Motor Market is anticipated to rise at a higher CAGR in the predicted period. Traction motor is defined as an electric motor consisting of stationary electrical parts It is typically AC, DC motor surrounded with armature series, and which has coils which is surrounded by these coils and the armature in a sequential from the basically used for the driving machinery. The traction motors are developed that have the proven electrical system which protect against thermal, mechanical and electrical stresses. The electric cars and the public transportation contribute to the green environment by emitting less of carbon dioxide. So, the Traction motors are utilized to provide the necessary torque which supports the sleeve bearings. More than 85% of the electrical power converts into mechanical power under normal conditions of the traction motors.

There is an increasing demand and the trend for electrification of the vehicle in the automotive industry, which is in the demand for electrical components also. Automotive industry has major driver factor for the growth of the market in the traction motors markets i.e new developmental technologies such as increase in the regenerative brakes, and increase in R&D for specific requirements which is based on the traction motor application. Also, there is increase in awareness or emission reduction of the vehicle which are steering the growth and the demand of the traction motors market. There are technologies like hybrid vehicle technology that are steering the growth of the traction motor market during the predicted period. Traction Motor Market is segmented, By Product Type Permanent Magnet Motor, AC Induction Motor, and other Types. Traction Motor Market is segmented, By Applications Commercial Vehicles, Transportation, Passenger Cars, and others.

Full Research Report On Global Traction Motor Market Analysis available at: https://www.millioninsights.com/industry-reports/traction-motor-market

There are various applications of the traction motor industry. The Development in vehicles technology such as hybrid vehicle, where the generation of the power and the transmission takes in the electric mode of the traction motors. Th electric mode is taken the lead in the traction motor market. The property of the traction motor is high in efficiency and the unique proposition leading across various applications. Traction Motor Market is segmented, By Geographical Region the North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and Africa region consists of GCC, South Africa and North Africa.

The market in the regional segment, Asia-Pacific is high which is expected to witness a higher production of the traction motors, which is due to the automobile sector sale. The growth of the market is high during this forecast period, and the countries like China, South Korea, are fueling the growth of the market. There is growth in the North America sector due to the high amount of the industrialization in this sector so that the growth of this market during forecast period is high in 2016. They are promoting the use of the traction motors in the various manufacturing machinery. Also, there are European countries are also developed in the traction motors the countries like England is booming in the European region. The market is expected to grow high during the predicted period.Traction Motor Industry Key Players include Dajun Tech, BYD, Greatland Electrics, Nissan, Continental AG, ZF, Meidensha, Broad-Ocean, Jing-Jin Electric Technologies, Hitachi Automotive Systems, BMW, BOSCH, Fukuta, Remy International, Magna, Deyang Electrics, and more.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Traction Motor in these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

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Global Traction Motor market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• ABB
• ALSTOM
• Siemens
• Toshiba
• GE
• Hyundai Rotem
• Skoda
• Traktionssysteme Austria
• Rotomac Electricals
• Bombardier
• CLW
• Saini
• VEM Sachsenwerk
• Progress Rail Services
• CRRC
• XEMC
• Zibo Electric Traction

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Induction Traction Motor
• Permanent-magnet Synchronous Traction Motor

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Traction Motor for each application, including
• Electric Locomotives
• High-speed Rail
• Trams
• Electric Multiple Units
• Others

Related Reports of This Category Available at Million Insights:
https://www.millioninsights.com/industry/machinery-and-machine-parts

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