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Market Research Report

Global Electric Traction Motor Market Insights, Size, and Forecast By Power Rating (Up to 50 kW, 51-100 kW, 101-200 kW, 201-500 kW, Above 500 kW), By Application (Railway Traction, Electric Vehicles, Industrial Applications, Marine Applications), By Cooling Method (Air Cooled, Water Cooled, Oil Cooled), By Type (Synchronous Motor, Asynchronous Motor, Permanent Magnet Motor, Switched Reluctance Motor), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Key Companies, Competitive Analysis, Trends, and Projections for 2026-2035

Report ID:82754
Published Date:Jan 2026
No. of Pages:226
Base Year for Estimate:2025
Format:
Customize Report

Key Market Insights

Global Electric Traction Motor Market is projected to grow from USD 34.8 Billion in 2025 to USD 115.2 Billion by 2035, reflecting a compound annual growth rate of 14.2% from 2026 through 2035. The electric traction motor market encompasses a wide range of motor technologies specifically designed to propel electric and hybrid vehicles across various applications, including automotive, railways, marine, and industrial machinery. These motors convert electrical energy into mechanical energy, driving wheels or propellers with high efficiency and precise control. The market is primarily driven by the global imperative to reduce carbon emissions and improve fuel efficiency, leading to widespread adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs). Government incentives, stringent emission regulations, and growing consumer awareness of environmental sustainability are significant catalysts. Furthermore, advancements in battery technology, charging infrastructure, and power electronics are making electric mobility more accessible and appealing. The dominant segment within this market is Permanent Magnet Motors, valued for their high power density, efficiency, and compact size, making them ideal for performance critical applications in automotive and high speed rail.

Global Electric Traction Motor Market Value (USD Billion) Analysis, 2025-2035

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14.2%
CAGR from
2025 - 2035
Source:
www.makdatainsights.com

A key trend shaping the market is the continuous innovation in motor design and materials, focusing on enhancing power output, reducing weight, and improving thermal management. The integration of artificial intelligence and machine learning for predictive maintenance and optimized motor control is also gaining traction. However, the market faces restraints such as the high initial cost of electric vehicles compared to conventional internal combustion engine vehicles, the limited range anxiety in some EV segments, and the dependency on rare earth materials for permanent magnet motors, which poses supply chain risks. Nevertheless, significant opportunities lie in the development of more affordable and efficient motor technologies, the expansion into emerging markets, and the application of electric traction motors in new segments such as urban air mobility and heavy duty off road vehicles. The ongoing research into alternative motor types, such as synchronous reluctance motors and advanced induction motors, aims to mitigate reliance on rare earth elements and offer cost effective solutions.

Asia Pacific stands out as the dominant region in the global electric traction motor market, primarily due to the robust growth of electric vehicle manufacturing and adoption in countries like China, Japan, and South Korea. This region benefits from strong government support for electrification, a large consumer base, and well established manufacturing ecosystems. Concurrently, Asia Pacific is also projected to be the fastest growing region, driven by continuous investments in EV infrastructure, rising disposable incomes, and increasing awareness of environmental benefits. Key players like Siemens, Caterpillar, ZF Friedrichshafen, General Motors, Tesla, Yaskawa Electric, Hitachi, Honeywell, Schneider Electric, and Robert Bosch are strategically focusing on expanding their product portfolios, investing in research and development, and forming partnerships to consolidate their market presence and capitalize on the burgeoning demand for electric traction solutions. Their strategies often involve developing more compact, powerful, and cost effective motors tailored for specific applications and regional requirements.

Quick Stats

  • Market Size (2025):

    USD 34.8 Billion

  • Projected Market Size (2035):

    USD 115.2 Billion

  • Leading Segment:

    Permanent Magnet Motor (62.5% Share)

  • Dominant Region (2025):

    Asia Pacific (48.2% Share)

  • CAGR (2026-2035):

    14.2%

What is Electric Traction Motor?

An Electric Traction Motor converts electrical energy into mechanical rotational force to propel vehicles. It is the fundamental power unit in electric trains, trams, trolleybuses, and increasingly, battery electric vehicles. Operating on principles of electromagnetism, it creates torque by the interaction of magnetic fields in its stator and rotor. Key characteristics include high starting torque, efficient speed control, and robust design for demanding environments. Its significance lies in enabling emission free transportation, energy recovery through regenerative braking, and reduced reliance on fossil fuels, contributing to cleaner, quieter, and more sustainable public and private transport systems globally.

What are the Trends in Global Electric Traction Motor Market

  • Silicon Carbide Dominance in EV Motors

  • In Wheel Motor Innovation and Adoption

  • Sustainable Magnet Materials for Traction

  • Direct Drive Systems Reshaping Powertrains

  • AI Powered Predictive Motor Maintenance

Silicon Carbide Dominance in EV Motors

Silicon Carbide SiC is rapidly becoming the material of choice for power electronics in EV motors. This trend stems from SiC's superior performance characteristics compared to traditional silicon based IGBTs. SiC enables higher switching frequencies leading to more compact lighter and efficient inverters. Reduced energy losses translate directly into increased vehicle range and faster charging capabilities key selling points for consumers. Furthermore SiC devices can operate at higher temperatures simplifying cooling systems and reducing overall motor package size and weight. This shift towards SiC facilitates smaller lighter and more powerful drivetrains enhancing EV performance and accelerating its widespread adoption across the automotive industry by delivering significant advantages in efficiency power density and thermal management.

In Wheel Motor Innovation and Adoption

In Wheel Motors IWMs are a transformative technology gaining significant traction within the global electric traction motor market. This trend reflects a shift towards more compact and efficient powertrain designs. OEMs are increasingly exploring IWMs due to their inherent advantages. Each wheel housing an individual motor eliminates the need for complex gearboxes differentials and drive shafts significantly reducing vehicle weight and freeing up valuable cabin space. This direct drive architecture enhances energy efficiency by minimizing power losses and offers unprecedented torque vectoring capabilities for superior handling and regenerative braking. Furthermore IWMs simplify vehicle assembly and can contribute to modular platform development. While challenges like unsprung weight and cost persist ongoing innovation in motor cooling materials and control systems is driving wider adoption particularly in premium EVs and autonomous urban transport solutions.

What are the Key Drivers Shaping the Global Electric Traction Motor Market

  • Rapid Expansion of EV Sales and Production

  • Advancements in Motor Efficiency and Power Density

  • Supportive Government Policies and Incentives for Electrification

  • Growing Demand for Sustainable Transportation Solutions

  • Technological Innovations in Battery and Charging Infrastructure

Rapid Expansion of EV Sales and Production

The accelerated adoption of electric vehicles globally is fundamentally reshaping the traction motor market. Governments worldwide are implementing stringent emissions regulations and offering substantial incentives for EV purchases, fueling a surge in consumer demand. This translates directly into a need for dramatically increased EV production across all vehicle segments, from passenger cars and commercial trucks to buses. Automotive manufacturers are responding by investing heavily in new EV platforms and expanding their production capacities. Each new EV requires at least one electric traction motor, and often multiple, to power its wheels. Consequently, the rapid scaling of EV sales and manufacturing lines drives a proportional and significant expansion in the demand for electric traction motors, propelling the entire market forward.

Advancements in Motor Efficiency and Power Density

Advancements in motor efficiency and power density are significantly propelling the global electric traction motor market. Innovations in materials, particularly the development of superior magnetic materials and advanced winding techniques, allow manufacturers to create motors that convert a higher percentage of electrical energy into mechanical work, reducing energy loss as heat. Simultaneously, improvements in motor design and cooling technologies enable higher power output from smaller, lighter motors. This increased power density translates into more compact and lighter vehicle designs, enhancing overall vehicle performance, range, and interior space. These technological strides directly address key consumer demands for more efficient, powerful, and lighter electric vehicles, making electric traction motors increasingly attractive for a wider array of applications.

Supportive Government Policies and Incentives for Electrification

Governments worldwide are actively promoting electrification through various supportive policies and incentives. These initiatives aim to accelerate the adoption of electric vehicles and reduce carbon emissions. Policies include direct financial subsidies for purchasing electric cars, tax rebates, and exemptions from certain road charges or import duties. Additionally, governments are investing in the expansion of charging infrastructure, offering grants for installing home chargers, and establishing public charging networks. Regulatory mandates like emission standards and bans on internal combustion engine vehicle sales in the future also push manufacturers towards electrification. These supportive measures significantly lower the cost and increase the convenience of owning electric vehicles, directly boosting demand for electric traction motors.

Global Electric Traction Motor Market Restraints

Supply Chain Disruptions and Raw Material Volatility

Supply chain disruptions and raw material volatility significantly constrain the global electric traction motor market. The manufacturing of these motors relies heavily on a consistent supply of specialized components and rare earth metals like neodymium and dysprosium. Geopolitical events, trade disputes, and natural disasters can disrupt the flow of these critical materials, leading to extended lead times and increased procurement costs. Furthermore, price fluctuations in copper, aluminum, and magnetic materials directly impact production expenses and profit margins for motor manufacturers. This instability makes long term planning difficult, potentially slowing down innovation and market expansion. Companies must invest more in inventory management and diversify their supplier base to mitigate these risks, adding complexity and cost to their operations.

Intense Competition and Pricing Pressures

Intense competition and pricing pressures significantly restrain the global electric traction motor market. Numerous established players and new entrants vie for market share, offering a range of motor technologies and solutions. This crowded landscape often forces manufacturers into aggressive pricing strategies to secure contracts and attract customers. Customers, particularly those in the railway and urban transit sectors, are highly sensitive to cost, leading to bids that prioritize affordability over premium features. Consequently, companies face constant pressure to optimize production costs, innovate efficiently, and streamline supply chains to maintain profitability. This environment limits pricing power for individual manufacturers and can compress profit margins across the industry, hindering investment in research and development and potentially slowing overall market growth despite strong demand.

Global Electric Traction Motor Market Opportunities

Commercial & Off-Highway Vehicle Electrification: Untapped Market for High-Power Traction Motors

The electrification of commercial and off highway vehicles presents a significant untapped opportunity within the global electric traction motor market. While passenger car electrification has seen substantial progress, heavy duty trucks, urban buses, construction machinery, specialized agricultural equipment, and marine vessels are only now beginning their comprehensive transition to electric powertrains. These robust and demanding applications require exceptionally high power, immense torque, and superior durability from their traction motors, a distinct and more challenging specification set compared to light duty vehicles. This segment necessitates specialized engineering solutions to withstand harsh operating environments, accommodate extended duty cycles, and manage substantial load requirements reliably. Stricter global emissions regulations, coupled with a strong desire for lower operational costs and improved energy efficiency, are powerful drivers for this accelerating shift. Manufacturers capable of developing and supplying these advanced, high power traction motors with robust thermal management and extreme reliability will discover substantial growth potential. The market for these purpose built, heavy duty electric motors is thus poised for considerable expansion, offering a lucrative new frontier beyond conventional automotive electrification.

Advanced Material Integration in Traction Motors: Driving Efficiency & Compactness for Future EV Platforms

The global electric traction motor market offers a substantial opportunity in integrating advanced materials to transform future EV platforms. By leveraging novel composites, high-performance magnets, and next-generation conductors, manufacturers can engineer motors with unprecedented power density and efficiency. This integration enables the development of significantly smaller and lighter motors, vital for extending vehicle range and reducing overall weight without compromising performance. Enhanced thermal management from these materials further bolsters reliability and sustained output. As electric vehicle designs advance towards more streamlined and efficient architectures, the capability to deliver greater power within compact, lighter motor packages becomes a critical differentiator. This pursuit of compactness and efficiency directly meets key industry demands for optimized battery life and superior vehicle dynamics, positioning advanced material integration as a pivotal area for innovation and competitive advantage within the rapidly evolving global EV landscape.

Global Electric Traction Motor Market Segmentation Analysis

Key Market Segments

By Type

  • •Synchronous Motor
  • •Asynchronous Motor
  • •Permanent Magnet Motor
  • •Switched Reluctance Motor

By Power Rating

  • •Up to 50 kW
  • •51-100 kW
  • •101-200 kW
  • •201-500 kW
  • •Above 500 kW

By Application

  • •Railway Traction
  • •Electric Vehicles
  • •Industrial Applications
  • •Marine Applications

By Cooling Method

  • •Air Cooled
  • •Water Cooled
  • •Oil Cooled

Segment Share By Type

Share, By Type, 2025 (%)

  • Synchronous Motor
  • Asynchronous Motor
  • Permanent Magnet Motor
  • Switched Reluctance Motor
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$34.8BGlobal Market Size, 2025
Source:
www.makdatainsights.com

Why is Permanent Magnet Motor dominating the Global Electric Traction Motor Market?

Permanent Magnet Motor holds a substantial leading share due to its superior efficiency, high power density, compact size, and excellent torque characteristics across a wide speed range. These attributes are crucial for electric vehicles and many industrial and railway applications, where maximizing performance, battery range, and minimizing weight are paramount. Its inherent advantages make it the preferred choice for demanding modern traction systems, outperforming other motor types in many key metrics.

Which application segments are primarily driving the demand for electric traction motors?

Electric Vehicles and Railway Traction are the prominent application segments significantly propelling market growth. Electric Vehicles require lightweight, high performance motors for passenger cars, buses, and trucks, directly benefiting from advanced motor types. Railway Traction demands robust, reliable, and powerful motors for locomotives and multiple units, influencing the need for higher power ratings and specific cooling methods to ensure continuous, heavy duty operation and energy efficiency over long distances.

How do power rating and cooling method influence the evolution of traction motor technology?

The choice of power rating is directly linked to the application’s specific requirements, from up to 50 kW for smaller EVs to above 500 kW for heavy duty railway or marine applications. Cooling methods, including air cooled, water cooled, and oil cooled, are critical for managing heat generation in these diverse power ranges. Water and oil cooling are increasingly vital for higher power density motors, especially permanent magnet types, ensuring optimal performance, longevity, and reliability by dissipating heat effectively in compact designs.

What Regulatory and Policy Factors Shape the Global Electric Traction Motor Market

The global electric traction motor market is significantly shaped by a confluence of accelerating regulatory pressures and supportive policy frameworks aimed at decarbonization. Governments worldwide are implementing stringent emissions standards across automotive, rail, and marine sectors, compelling manufacturers to pivot towards electric propulsion. Key drivers include national zero emission vehicle mandates, urban low emission zones, and international maritime organization regulations pushing for cleaner shipping.

Furthermore, robust government incentives, such as purchase subsidies, tax credits, and infrastructure development grants, are catalyzing the adoption of electric vehicles and modern electric trains. Investments in charging infrastructure and smart grid expansion are critical policy enablers. Research and development funding for advanced motor technologies and power electronics also plays a pivotal role, fostering innovation. These coordinated global efforts are creating a sustained demand for efficient, high performance electric traction motors across diverse transportation applications.

What New Technologies are Shaping Global Electric Traction Motor Market?

The global electric traction motor market is experiencing dynamic innovation driven by relentless pursuit of efficiency and power density. New material science breakthroughs are paramount, including advanced permanent magnets with reduced rare earth content and even rare earth free alternatives. Silicon carbide SiC inverters are becoming standard, significantly enhancing overall system performance, reducing size, and improving thermal management. Axial flux motors are gaining substantial traction due to their compact form factor, high power density, and suitability for in wheel applications, ideal for diverse electric vehicle segments from passenger cars to heavy duty trucks. Integrated motor inverter systems further simplify drivetrains and optimize energy management. Additive manufacturing techniques are enabling complex, optimized motor geometries previously impossible, leading to further efficiency gains and weight reduction. Improved cooling systems and advanced winding technologies also contribute to sustained high performance. These technological advancements collectively accelerate the transition to sustainable transportation globally, offering superior performance, enhanced reliability, and greater design flexibility across all applications.

Global Electric Traction Motor Market Regional Analysis

Global Electric Traction Motor Market

Trends, by Region

Largest Market
Fastest Growing Market
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48.2%

Asia-Pacific Market
Revenue Share, 2025

Source:
www.makdatainsights.com

Dominant Region

Asia Pacific · 48.2% share

Asia Pacific dominates the global electric traction motor market with a commanding 48.2% market share. This robust performance is primarily driven by the region's strong focus on electric vehicle manufacturing particularly in China Japan and South Korea. Government initiatives and substantial investments in charging infrastructure further stimulate demand for electric traction motors. The presence of key automotive original equipment manufacturers and a well-established supply chain also contribute significantly to the region's leading position. Furthermore the increasing adoption of electric trains and other electric rail transport solutions across various Asia Pacific countries bolsters this dominance showcasing a comprehensive embrace of electric mobility solutions.

Fastest Growing Region

Asia Pacific · 14.2% CAGR

Asia Pacific is poised for remarkable growth in the the electric traction motor market, projected to be the fastest expanding region with an impressive CAGR of 14.2% from 2026 to 2035. This surge is fueled by several critical factors. Rapid urbanization and industrialization across nations like China and India are significantly increasing demand for electric vehicles and industrial machinery requiring traction motors. Government initiatives promoting sustainable transportation and offering substantial incentives for electric vehicle adoption play a pivotal role. Furthermore a burgeoning middle class and increasing environmental awareness are driving consumer preference towards electric mobility. The region's robust manufacturing base and continuous technological advancements in electric motor design also contribute substantially to this accelerated expansion.

Top Countries Overview

The U.S. plays a significant role in the global electric traction motor market, driven by its burgeoning electric vehicle (EV) sector and investments in renewable energy infrastructure. Domestic manufacturing is growing, though imports remain substantial. Innovation in motor efficiency and power density is a key focus for American companies. Policy support for EVs and clean transportation further bolsters market growth and competitiveness within the global landscape.

China dominates the global electric traction motor market, both as a leading producer and massive consumer. Its robust domestic EV industry fuels demand, while government support and strategic investments propel its technological advancements. Chinese companies are key players, influencing global prices and innovation, making the nation a critical force in the industry's future trajectory and supply chains worldwide.

India is emerging as a significant player in the global electric traction motor market, driven by rapid railway electrification and growing electric vehicle adoption. Domestic manufacturing initiatives and a focus on indigenous technology are bolstering its position. While currently a smaller share, its potential for growth, particularly in the e-mobility sector, is substantial. Research and development in efficient motor technologies are key.

Impact of Geopolitical and Macroeconomic Factors

Geopolitical tensions influence the electric traction motor market through raw material accessibility and supply chain disruptions. Trade disputes between major manufacturing nations can lead to tariffs on components, increasing production costs for motor manufacturers. Geopolitical alliances and rivalries also shape technology transfer and market access for key players, impacting the competitive landscape. For instance, restrictions on critical mineral exports from certain regions can force manufacturers to seek alternative suppliers or innovate new material compositions, affecting motor performance and cost.

Macroeconomic factors significantly impact market growth. Inflation directly affects manufacturing costs and consumer purchasing power for electric vehicles, influencing motor demand. Interest rate hikes can increase borrowing costs for businesses and consumers, slowing investment in EV infrastructure and vehicle purchases. Government subsidies for electric vehicles and charging infrastructure stimulate market growth by making electric traction motors more affordable and accessible. Conversely, economic downturns can reduce consumer spending on EVs, leading to a decline in demand for electric traction motors.

Recent Developments

  • March 2025

    Siemens announced a strategic initiative to invest $500 million in expanding its R&D facilities specifically for high-power electric traction motors. This move aims to accelerate the development of next-generation motors with enhanced efficiency and power density for heavy-duty rail and commercial vehicle applications.

  • February 2025

    ZF Friedrichshafen completed the acquisition of a leading specialist in compact, high-performance electric motors, 'E-Drivetech Solutions'. This acquisition strengthens ZF's portfolio in the light and medium-duty commercial vehicle segment, allowing for more integrated powertrain solutions.

  • January 2025

    Hitachi and Yaskawa Electric announced a joint partnership to develop standardized, modular electric traction motor platforms for urban transit systems. This collaboration seeks to reduce development costs and accelerate market entry for highly customizable motor solutions across different vehicle types.

  • November 2024

    Tesla unveiled its new 'Hyperdrive' traction motor for its upcoming heavy-duty electric trucks and next-generation passenger vehicles. This motor reportedly features advanced silicon carbide inverter technology, leading to significant improvements in power-to-weight ratio and energy efficiency.

  • October 2024

    Caterpillar launched its new 'ePowerDrive' series of integrated electric traction systems designed for off-highway construction and mining equipment. These systems combine a high-torque electric motor with power electronics and thermal management in a compact, ruggedized package.

Key Players Analysis

Key players in the Global Electric Traction Motor Market showcase diverse strengths. Siemens and Hitachi, established industrial giants, leverage their expertise in power electronics and motor manufacturing for railway and industrial applications, often focusing on robust, high efficiency solutions. Robert Bosch and ZF Friedrichshafen excel in automotive applications, driven by demand for compact, powerful motors for hybrid and electric vehicles, emphasizing efficiency and integration with driveline systems. Tesla and General Motors are vertically integrated, designing and producing their own traction motors, often pioneering advanced magnet materials and motor control algorithms to maximize performance and range. Yaskawa Electric, primarily an industrial automation leader, contributes its high precision motor technologies. Caterpillar, traditionally heavy machinery, is increasingly incorporating electric traction for mining and construction equipment. Schneider Electric and Honeywell, while not primary motor manufacturers, play a role in control systems and power management crucial for overall electric powertrain efficiency. Strategic initiatives across these companies include R&D in rare earth free magnets, modular designs, and robust thermal management to address market growth drivers like electrification of transportation, industrial automation, and stringent emission regulations.

List of Key Companies:

  1. Siemens
  2. Caterpillar
  3. ZF Friedrichshafen
  4. General Motors
  5. Tesla
  6. Yaskawa Electric
  7. Hitachi
  8. Honeywell
  9. Schneider Electric
  10. Robert Bosch
  11. Mitsubishi Electric
  12. Wabtec Corporation
  13. United Technologies
  14. Nidec Corporation
  15. Magna International
  16. ABB
  17. Emerson Electric

Report Scope and Segmentation

Report ComponentDescription
Market Size (2025)USD 34.8 Billion
Forecast Value (2035)USD 115.2 Billion
CAGR (2026-2035)14.2%
Base Year2025
Historical Period2020-2025
Forecast Period2026-2035
Segments Covered
  • By Type:
    • •Synchronous Motor
    • •Asynchronous Motor
    • •Permanent Magnet Motor
    • •Switched Reluctance Motor
  • By Power Rating:
    • •Up to 50 kW
    • •51-100 kW
    • •101-200 kW
    • •201-500 kW
    • •Above 500 kW
  • By Application:
    • •Railway Traction
    • •Electric Vehicles
    • •Industrial Applications
    • •Marine Applications
  • By Cooling Method:
    • •Air Cooled
    • •Water Cooled
    • •Oil Cooled
Regional Analysis
  • North America
  • • United States
  • • Canada
  • Europe
  • • Germany
  • • France
  • • United Kingdom
  • • Spain
  • • Italy
  • • Russia
  • • Rest of Europe
  • Asia-Pacific
  • • China
  • • India
  • • Japan
  • • South Korea
  • • New Zealand
  • • Singapore
  • • Vietnam
  • • Indonesia
  • • Rest of Asia-Pacific
  • Latin America
  • • Brazil
  • • Mexico
  • • Rest of Latin America
  • Middle East and Africa
  • • South Africa
  • • Saudi Arabia
  • • UAE
  • • Rest of Middle East and Africa

Table of Contents:

1. Introduction
1.1. Objectives of Research
1.2. Market Definition
1.3. Market Scope
1.4. Research Methodology
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Market Factor Analysis
4.1. Porter's Five Forces Model Analysis
4.1.1. Rivalry among Existing Competitors
4.1.2. Bargaining Power of Buyers
4.1.3. Bargaining Power of Suppliers
4.1.4. Threat of Substitute Products or Services
4.1.5. Threat of New Entrants
4.2. PESTEL Analysis
4.2.1. Political Factors
4.2.2. Economic & Social Factors
4.2.3. Technological Factors
4.2.4. Environmental Factors
4.2.5. Legal Factors
4.3. Supply and Value Chain Assessment
4.4. Regulatory and Policy Environment Review
4.5. Market Investment Attractiveness Index
4.6. Technological Innovation and Advancement Review
4.7. Impact of Geopolitical and Macroeconomic Factors
4.8. Trade Dynamics: Import-Export Assessment (Where Applicable)
5. Global Electric Traction Motor Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
5.1. Market Analysis, Insights and Forecast, 2020-2035, By Type
5.1.1. Synchronous Motor
5.1.2. Asynchronous Motor
5.1.3. Permanent Magnet Motor
5.1.4. Switched Reluctance Motor
5.2. Market Analysis, Insights and Forecast, 2020-2035, By Power Rating
5.2.1. Up to 50 kW
5.2.2. 51-100 kW
5.2.3. 101-200 kW
5.2.4. 201-500 kW
5.2.5. Above 500 kW
5.3. Market Analysis, Insights and Forecast, 2020-2035, By Application
5.3.1. Railway Traction
5.3.2. Electric Vehicles
5.3.3. Industrial Applications
5.3.4. Marine Applications
5.4. Market Analysis, Insights and Forecast, 2020-2035, By Cooling Method
5.4.1. Air Cooled
5.4.2. Water Cooled
5.4.3. Oil Cooled
5.5. Market Analysis, Insights and Forecast, 2020-2035, By Region
5.5.1. North America
5.5.2. Europe
5.5.3. Asia-Pacific
5.5.4. Latin America
5.5.5. Middle East and Africa
6. North America Electric Traction Motor Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
6.1. Market Analysis, Insights and Forecast, 2020-2035, By Type
6.1.1. Synchronous Motor
6.1.2. Asynchronous Motor
6.1.3. Permanent Magnet Motor
6.1.4. Switched Reluctance Motor
6.2. Market Analysis, Insights and Forecast, 2020-2035, By Power Rating
6.2.1. Up to 50 kW
6.2.2. 51-100 kW
6.2.3. 101-200 kW
6.2.4. 201-500 kW
6.2.5. Above 500 kW
6.3. Market Analysis, Insights and Forecast, 2020-2035, By Application
6.3.1. Railway Traction
6.3.2. Electric Vehicles
6.3.3. Industrial Applications
6.3.4. Marine Applications
6.4. Market Analysis, Insights and Forecast, 2020-2035, By Cooling Method
6.4.1. Air Cooled
6.4.2. Water Cooled
6.4.3. Oil Cooled
6.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
6.5.1. United States
6.5.2. Canada
7. Europe Electric Traction Motor Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
7.1. Market Analysis, Insights and Forecast, 2020-2035, By Type
7.1.1. Synchronous Motor
7.1.2. Asynchronous Motor
7.1.3. Permanent Magnet Motor
7.1.4. Switched Reluctance Motor
7.2. Market Analysis, Insights and Forecast, 2020-2035, By Power Rating
7.2.1. Up to 50 kW
7.2.2. 51-100 kW
7.2.3. 101-200 kW
7.2.4. 201-500 kW
7.2.5. Above 500 kW
7.3. Market Analysis, Insights and Forecast, 2020-2035, By Application
7.3.1. Railway Traction
7.3.2. Electric Vehicles
7.3.3. Industrial Applications
7.3.4. Marine Applications
7.4. Market Analysis, Insights and Forecast, 2020-2035, By Cooling Method
7.4.1. Air Cooled
7.4.2. Water Cooled
7.4.3. Oil Cooled
7.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
7.5.1. Germany
7.5.2. France
7.5.3. United Kingdom
7.5.4. Spain
7.5.5. Italy
7.5.6. Russia
7.5.7. Rest of Europe
8. Asia-Pacific Electric Traction Motor Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
8.1. Market Analysis, Insights and Forecast, 2020-2035, By Type
8.1.1. Synchronous Motor
8.1.2. Asynchronous Motor
8.1.3. Permanent Magnet Motor
8.1.4. Switched Reluctance Motor
8.2. Market Analysis, Insights and Forecast, 2020-2035, By Power Rating
8.2.1. Up to 50 kW
8.2.2. 51-100 kW
8.2.3. 101-200 kW
8.2.4. 201-500 kW
8.2.5. Above 500 kW
8.3. Market Analysis, Insights and Forecast, 2020-2035, By Application
8.3.1. Railway Traction
8.3.2. Electric Vehicles
8.3.3. Industrial Applications
8.3.4. Marine Applications
8.4. Market Analysis, Insights and Forecast, 2020-2035, By Cooling Method
8.4.1. Air Cooled
8.4.2. Water Cooled
8.4.3. Oil Cooled
8.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
8.5.1. China
8.5.2. India
8.5.3. Japan
8.5.4. South Korea
8.5.5. New Zealand
8.5.6. Singapore
8.5.7. Vietnam
8.5.8. Indonesia
8.5.9. Rest of Asia-Pacific
9. Latin America Electric Traction Motor Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
9.1. Market Analysis, Insights and Forecast, 2020-2035, By Type
9.1.1. Synchronous Motor
9.1.2. Asynchronous Motor
9.1.3. Permanent Magnet Motor
9.1.4. Switched Reluctance Motor
9.2. Market Analysis, Insights and Forecast, 2020-2035, By Power Rating
9.2.1. Up to 50 kW
9.2.2. 51-100 kW
9.2.3. 101-200 kW
9.2.4. 201-500 kW
9.2.5. Above 500 kW
9.3. Market Analysis, Insights and Forecast, 2020-2035, By Application
9.3.1. Railway Traction
9.3.2. Electric Vehicles
9.3.3. Industrial Applications
9.3.4. Marine Applications
9.4. Market Analysis, Insights and Forecast, 2020-2035, By Cooling Method
9.4.1. Air Cooled
9.4.2. Water Cooled
9.4.3. Oil Cooled
9.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Latin America
10. Middle East and Africa Electric Traction Motor Market Analysis, Insights 2020 to 2025 and Forecast 2026-2035
10.1. Market Analysis, Insights and Forecast, 2020-2035, By Type
10.1.1. Synchronous Motor
10.1.2. Asynchronous Motor
10.1.3. Permanent Magnet Motor
10.1.4. Switched Reluctance Motor
10.2. Market Analysis, Insights and Forecast, 2020-2035, By Power Rating
10.2.1. Up to 50 kW
10.2.2. 51-100 kW
10.2.3. 101-200 kW
10.2.4. 201-500 kW
10.2.5. Above 500 kW
10.3. Market Analysis, Insights and Forecast, 2020-2035, By Application
10.3.1. Railway Traction
10.3.2. Electric Vehicles
10.3.3. Industrial Applications
10.3.4. Marine Applications
10.4. Market Analysis, Insights and Forecast, 2020-2035, By Cooling Method
10.4.1. Air Cooled
10.4.2. Water Cooled
10.4.3. Oil Cooled
10.5. Market Analysis, Insights and Forecast, 2020-2035, By Country
10.5.1. South Africa
10.5.2. Saudi Arabia
10.5.3. UAE
10.5.4. Rest of Middle East and Africa
11. Competitive Analysis and Company Profiles
11.1. Market Share of Key Players
11.1.1. Global Company Market Share
11.1.2. Regional/Sub-Regional Company Market Share
11.2. Company Profiles
11.2.1. Siemens
11.2.1.1. Business Overview
11.2.1.2. Products Offering
11.2.1.3. Financial Insights (Based on Availability)
11.2.1.4. Company Market Share Analysis
11.2.1.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.1.6. Strategy
11.2.1.7. SWOT Analysis
11.2.2. Caterpillar
11.2.2.1. Business Overview
11.2.2.2. Products Offering
11.2.2.3. Financial Insights (Based on Availability)
11.2.2.4. Company Market Share Analysis
11.2.2.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.2.6. Strategy
11.2.2.7. SWOT Analysis
11.2.3. ZF Friedrichshafen
11.2.3.1. Business Overview
11.2.3.2. Products Offering
11.2.3.3. Financial Insights (Based on Availability)
11.2.3.4. Company Market Share Analysis
11.2.3.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.3.6. Strategy
11.2.3.7. SWOT Analysis
11.2.4. General Motors
11.2.4.1. Business Overview
11.2.4.2. Products Offering
11.2.4.3. Financial Insights (Based on Availability)
11.2.4.4. Company Market Share Analysis
11.2.4.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.4.6. Strategy
11.2.4.7. SWOT Analysis
11.2.5. Tesla
11.2.5.1. Business Overview
11.2.5.2. Products Offering
11.2.5.3. Financial Insights (Based on Availability)
11.2.5.4. Company Market Share Analysis
11.2.5.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.5.6. Strategy
11.2.5.7. SWOT Analysis
11.2.6. Yaskawa Electric
11.2.6.1. Business Overview
11.2.6.2. Products Offering
11.2.6.3. Financial Insights (Based on Availability)
11.2.6.4. Company Market Share Analysis
11.2.6.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.6.6. Strategy
11.2.6.7. SWOT Analysis
11.2.7. Hitachi
11.2.7.1. Business Overview
11.2.7.2. Products Offering
11.2.7.3. Financial Insights (Based on Availability)
11.2.7.4. Company Market Share Analysis
11.2.7.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.7.6. Strategy
11.2.7.7. SWOT Analysis
11.2.8. Honeywell
11.2.8.1. Business Overview
11.2.8.2. Products Offering
11.2.8.3. Financial Insights (Based on Availability)
11.2.8.4. Company Market Share Analysis
11.2.8.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.8.6. Strategy
11.2.8.7. SWOT Analysis
11.2.9. Schneider Electric
11.2.9.1. Business Overview
11.2.9.2. Products Offering
11.2.9.3. Financial Insights (Based on Availability)
11.2.9.4. Company Market Share Analysis
11.2.9.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.9.6. Strategy
11.2.9.7. SWOT Analysis
11.2.10. Robert Bosch
11.2.10.1. Business Overview
11.2.10.2. Products Offering
11.2.10.3. Financial Insights (Based on Availability)
11.2.10.4. Company Market Share Analysis
11.2.10.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.10.6. Strategy
11.2.10.7. SWOT Analysis
11.2.11. Mitsubishi Electric
11.2.11.1. Business Overview
11.2.11.2. Products Offering
11.2.11.3. Financial Insights (Based on Availability)
11.2.11.4. Company Market Share Analysis
11.2.11.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.11.6. Strategy
11.2.11.7. SWOT Analysis
11.2.12. Wabtec Corporation
11.2.12.1. Business Overview
11.2.12.2. Products Offering
11.2.12.3. Financial Insights (Based on Availability)
11.2.12.4. Company Market Share Analysis
11.2.12.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.12.6. Strategy
11.2.12.7. SWOT Analysis
11.2.13. United Technologies
11.2.13.1. Business Overview
11.2.13.2. Products Offering
11.2.13.3. Financial Insights (Based on Availability)
11.2.13.4. Company Market Share Analysis
11.2.13.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.13.6. Strategy
11.2.13.7. SWOT Analysis
11.2.14. Nidec Corporation
11.2.14.1. Business Overview
11.2.14.2. Products Offering
11.2.14.3. Financial Insights (Based on Availability)
11.2.14.4. Company Market Share Analysis
11.2.14.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.14.6. Strategy
11.2.14.7. SWOT Analysis
11.2.15. Magna International
11.2.15.1. Business Overview
11.2.15.2. Products Offering
11.2.15.3. Financial Insights (Based on Availability)
11.2.15.4. Company Market Share Analysis
11.2.15.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.15.6. Strategy
11.2.15.7. SWOT Analysis
11.2.16. ABB
11.2.16.1. Business Overview
11.2.16.2. Products Offering
11.2.16.3. Financial Insights (Based on Availability)
11.2.16.4. Company Market Share Analysis
11.2.16.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.16.6. Strategy
11.2.16.7. SWOT Analysis
11.2.17. Emerson Electric
11.2.17.1. Business Overview
11.2.17.2. Products Offering
11.2.17.3. Financial Insights (Based on Availability)
11.2.17.4. Company Market Share Analysis
11.2.17.5. Recent Developments (Product Launch, Mergers and Acquisition, etc.)
11.2.17.6. Strategy
11.2.17.7. SWOT Analysis

List of Figures

List of Tables

Table 1: Global Electric Traction Motor Market Revenue (USD billion) Forecast, by Type, 2020-2035

Table 2: Global Electric Traction Motor Market Revenue (USD billion) Forecast, by Power Rating, 2020-2035

Table 3: Global Electric Traction Motor Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 4: Global Electric Traction Motor Market Revenue (USD billion) Forecast, by Cooling Method, 2020-2035

Table 5: Global Electric Traction Motor Market Revenue (USD billion) Forecast, by Region, 2020-2035

Table 6: North America Electric Traction Motor Market Revenue (USD billion) Forecast, by Type, 2020-2035

Table 7: North America Electric Traction Motor Market Revenue (USD billion) Forecast, by Power Rating, 2020-2035

Table 8: North America Electric Traction Motor Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 9: North America Electric Traction Motor Market Revenue (USD billion) Forecast, by Cooling Method, 2020-2035

Table 10: North America Electric Traction Motor Market Revenue (USD billion) Forecast, by Country, 2020-2035

Table 11: Europe Electric Traction Motor Market Revenue (USD billion) Forecast, by Type, 2020-2035

Table 12: Europe Electric Traction Motor Market Revenue (USD billion) Forecast, by Power Rating, 2020-2035

Table 13: Europe Electric Traction Motor Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 14: Europe Electric Traction Motor Market Revenue (USD billion) Forecast, by Cooling Method, 2020-2035

Table 15: Europe Electric Traction Motor Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 16: Asia Pacific Electric Traction Motor Market Revenue (USD billion) Forecast, by Type, 2020-2035

Table 17: Asia Pacific Electric Traction Motor Market Revenue (USD billion) Forecast, by Power Rating, 2020-2035

Table 18: Asia Pacific Electric Traction Motor Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 19: Asia Pacific Electric Traction Motor Market Revenue (USD billion) Forecast, by Cooling Method, 2020-2035

Table 20: Asia Pacific Electric Traction Motor Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 21: Latin America Electric Traction Motor Market Revenue (USD billion) Forecast, by Type, 2020-2035

Table 22: Latin America Electric Traction Motor Market Revenue (USD billion) Forecast, by Power Rating, 2020-2035

Table 23: Latin America Electric Traction Motor Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 24: Latin America Electric Traction Motor Market Revenue (USD billion) Forecast, by Cooling Method, 2020-2035

Table 25: Latin America Electric Traction Motor Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

Table 26: Middle East & Africa Electric Traction Motor Market Revenue (USD billion) Forecast, by Type, 2020-2035

Table 27: Middle East & Africa Electric Traction Motor Market Revenue (USD billion) Forecast, by Power Rating, 2020-2035

Table 28: Middle East & Africa Electric Traction Motor Market Revenue (USD billion) Forecast, by Application, 2020-2035

Table 29: Middle East & Africa Electric Traction Motor Market Revenue (USD billion) Forecast, by Cooling Method, 2020-2035

Table 30: Middle East & Africa Electric Traction Motor Market Revenue (USD billion) Forecast, by Country/ Sub-region, 2020-2035

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