Electric Traction Motor Market Worth $36.6 Billion by 2025 - Exclusive Report by MarketsandMarkets - Seite 2

Asia Pacific: Expected to be the leading market for electric traction motors during the forecast period

Asia Pacific is expected to dominate the global Electric Traction Motor Market from 2020 to 2025. Rising investments in electric vehicles and the growing metro rail network in the region are likely to drive the demand for electric traction motors in Asia Pacific.

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To enable an in-depth understanding of the competitive landscape, the report includes some of the top players in the Electric Traction Motor Market. ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), GE (US), and Siemens (Germany) are some of the leading players in the Electric Traction Motor Market. They are trying to understand the markets in developing economies and are adopting various strategies to increase their market share. Other dominant players in this market include Toshiba, VEM Group, Nidec, Robert Bosch, Traktionssysteme, AMETEK, Škoda, Voith, American Traction Systems, Eaton, Hyundai Rotem, WEG, Mitsubishi, Kawasaki, Lynch, Johnson Electric, Wabtec, Prodrive, Hitachi, Magna.

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