The increase in demand for high-performance motors, favorable government policies and subsidies, and the rise in investments in the railway sector are expected to drive the electric traction motor market during the forecast period.

The electric traction motor market is projected to grow at a CAGR of 20.9% from 2020 to 2025, to reach a market size of USD 36.6 billion by 2025 from USD 14.2 billion in 2020.

Electric Traction Motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above 400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region

The global electric traction motor market was valued at USD 10.71 Billion in 2017 and is projected to reach USD 28.51 Billion by 2023, growing at a CAGR of 18.10% during the forecast period.

Electric Traction Motor Market Research Report Categorizes by Type (AC and DC), Power Rating (400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Geography

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.