19 May, 2024
6 mins read

Global Electric Traction Motor Market – Industry Analysis and Forecast (2018-2026)

Global electric traction motor market was valued at US$ 10.96 Bn in 2017 and is expected to reach US$ 39.80 Bn by 2026, at a CAGR of 17.49 % during a forecast period. Growing investments in the railway sector, high demand for effective motors for propulsion application, and rising focus on electric vehicles to condense […]