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Electric Traction Motor Market Size To Reach USD 27860 Million By 2026 At A CAGR Of 14.7%

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BANGALORE, India, March 3, 2021 /PRNewswire/
Electric Traction Motor Market is Segmented by Type - AC & DC, by Application - Railway, Electric vehicles, Others (Elevators, conveyors, and industrial machinery), by Regions & Key players Regional Growth: Global Opportunity Analysis and Industry Forecast, 2021-2026. This report is published on
Valuates Reports in the
Energy & Utilities Category.
The global Electric Traction Motor market size is projected to reach USD 27860 Million by 2026, from USD 12260 Million in 2020, at a CAGR of 14.7% during 2021-2026.
Major factors that are expected to drive the electric traction motor market size are increased demand for high-performance motors, favorable government policies, subsidies, and the rise in investments in the railway sector are expected to drive the electric traction motor market during the forecast period. ....

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