U.S (New York) – We are thrilled to announce the latest release of our comprehensive market research report titled “Traction Motor Market” by Report Ocean, a prominent industry insights provider. This report provides a wealth of valuable insights and analysis on the current trends, growth prospects, competitive landscape, and strategic recommendations within the [specific industry/market]. It serves as an indispensable resource for gaining in-depth knowledge of the industry and making well-informed decisions.
Traction motors are AC or DC electric motors that provide power to drive locomotives. Further, these motors offer high durability and deliver robust performance, owing to high power and superior mechanical susceptibility of heavy payloads. . The traction motors require high power to deliver the torque required to move the wheels, resulting in compact designs, efficient power-to-weight rations, and efficient cooling of the traction motors. Thus, torque motors have minimum torque ripple, reduced noise & vibrations, higher efficiency, and efficient cooling capabilities through open or forced ventilation.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Traction Motor Market.
The growth of the global traction motor market is driven by volumetric surge in the transportation sector and the introduction of new vehicles, which are equipped with latest technologies. Moreover, increase in the requirement for advanced transports globally has led to the development and production of better and efficient traction system.
The global traction motor market is segmented based on application, type, power rating and region. Based on application, the global traction motor market has been categorized into railways, electric vehicles and industrial vehicles. Based on types, the global traction motor market has been categorized into DC traction motor, AC traction motor and synchronous motor. Based on power rating, the market has been categorized into less than 200 kW, 200-400 kW and more than 400 kW. Also, based on region, the global traction motor market has been studied across North America, Europe, Asia-Pacific and LAMEA.
The key players analyzed in the traction motor market include ABB, American Traction Systems, Hitachi, Hyundai Rotem, CRRC, Mitsubishi, Siemens, Skoda, Toshiba and Wabtec.
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KEY BENEFITS FOR STAKEHOLDERS
– This study presents analytical depiction of the global traction motor market along with the current trends and future estimations to depict the imminent investment pockets.
– The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
– The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
– The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
– Porter;s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Application
o Railways
o Electric Vehicles
o Industrial Vehicles
By Types
o DC Traction Motor
o AC Traction Motor
o Synchronous Motor
By Power Rating
o Less than 200 kW
o 200-400 kW
o More than 400 kW
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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Features of the Market Report:
- Comprehensive industry data presented in a user-friendly and easily comprehensible format.
- Detailed market segmentation, providing key insights into each sub-segment of the industry.
- Thorough analysis of profiles of major market players, including their strategies and approaches.
- Precise examination of regional and country-specific sales opportunities in the market.
- In-depth analysis of current and emerging market trends, offering valuable intelligence.
- Identification of industry drivers and restraints that can impact different segments and regions.
- Clear understanding of expansion strategies, new product launches, and potential acquisitions by companies.
- A well-structured report combining insightful literature with graphical representations of relevant market variables
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