Electric Traction Motor Market
                     Electric 
Traction Motor 
Market
© P&S Intelligence. All Rights Reserved 1
As said in a statement by P&S Intelligence, the total revenue generated by the 
electric traction motor market was USD 12,669 million in 2022, and it will grow at a rate of 
13.5% by the end of this decade to reach USD 34,891 million by 2030.
The railway category is growing the fastest application with a rate of 13.8% in the years to 
come. As opposed to roads, the railway is a better option and more lucrative for long-distance 
mass transport of products and goods. Moreover, chiefly as a result of tech improvements, the 
presentation of railway engines and motors has improved with regards to locomotive safety and 
speed.
Request for sample pages of this report: https://www.psmarketresearch.com/market-
analysis/electric-traction-motor-market/report-sample
Electric motors are extensively employed in the railway sector because of their several 
advantages, such as performance efficiency, modular design, permanency, and low upkeep 
necessities.
The initiation of inducements and increased support for the formation of manufacturing facilities 
for these automobiles by regulatory organizations across numerous countries have formed a 
favorable climate for the development of the e-scooter and motorbike sector.
These beneficial conditions are extended to a count of other areas of the ecosystem for zero-
© P&eS Imntelliigsesncieo. Alnl R igmhts Roesteorverdcycles and scooters, for example battery manufacturing and setting up of 2
charging stations, enticing momentous public investment globally in this field.
The AC category dominated the electric traction motor market, of 86% share, in the recent past, and it will 
maintain its dominance in the years to come. This is because of the extensive use of AC motors in electric 
vehicles, industrial equipment, and the railway industry. Such motors are similarly more effective and 
manageable than DC motors.
The 200-400 Kw dominated the industry in 2022, and it will maintain its position in the years to come. This is 
as a result of the widespread applications of e- motors with 200-400 kW in metro systems, high-speed 
subway trains, and numerous supplementary heavy industrial machineries.
Furthermore, the below 200 kW category will grow at a considerable rate in the years to come. This can be 
credited to the increasing use of e-motors with below 200 kW in the production of light vehicles, favorable 
environmental and governmental regulations, and an increase in the necessity for dependable motors 
equipped with high torque.
Browse full report at: https://www.psmarketresearch.com/market-analysis/electric-traction-motor-market
APAC had the largest share of revenue, of 44%, in the years to come, and will maintain its dominance in the 
years to come. This has a lot to do with the increasing urbanization, growing per capita income, and 
advantageous government policies for EVs.
Owing to the increasing demand for the high-performance motors all over the world, the value of the 
industry will continue to grow in the years to come.
© P&S Intelligence. All Rights Reserved 3
Disclaimer: 
P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of 
information and data 
provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from 
various companies 
or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis 
in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to 
be correct at the time of publication, 
but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. 
All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can 
these be reproduced 
in any form without prior written agreement of their owners.
An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No 
service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or 
form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written 
permission from Prescient & Strategic Intelligence Pvt. Ltd.
For queries related to sales, contact 
us aetn:[email protected]
US/Canada Toll-Free: 1-888-778-
To know more about us, visit our 
7886
webspitsemarketresearch.com International: +1-347-960-6455
India: +91 120 4541 337
© P&S Intelligence. All Rights Reserved 4