Electric Traction Motor Market Size, Share, and Growth Analysis

Global Electric Traction Motor Market

Electric Traction Motor Market By Type (Alternating Current (AC) Motor, Direct Current (DC) Motor), By Power Rating (Below 200 kW, 200–400 kW), By Application (Railway, Electric Vehicle), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2457 | Region: Global | Published Date: June, 2025
Pages: 191 |Tables: 117 |Figures: 71

Format - word format excel data power point presentation

Electric Traction Motor Market Insights

Global Electric Traction Motor Market size was valued at USD 23.12 billion in 2023 and is poised to grow from USD 25.55 billion in 2024 to USD 56.79 billion by 2032, growing at a CAGR of 10.5% during the forecast period (2025-2032). 

Growing investments in electric vehicles and growing demand for energy-saving motors are driving the global electric traction motor market growth. Due to the low power demand and high efficiency of EV traction motors, the sales of EVs are on the rise. Moreover, the demand for EVs is being fueled by stringent environmental policies and emissions norms to ensure environmental sustainability, providing favorable market growth conditions.

In addition, global sales of hybrid electric vehicles (HEVs) have been increased because of the growing demand by the public for zero-emission vehicles. Hence, it is anticipated that the market would benefit from the increased production of HEVs. The government is also launching several programs for the promotion of the sales of EVs, such as tax relief and rebates, which is fueling the EV traction motor market.

For instance, India's PM E-Drive Scheme: Launched on October 1, 2024, the Prime Minister's Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) scheme replaced the FAME II policy. With a budget of Indian rupees 10,900 crores, it offers subsidies on various types of EVs, including Indian rupees 10,000 per unit for electric two-wheelers and ₹50,000 per vehicle for electric three-wheelers up to March 31, 2025. All these schemes aim to accelerate EV adoption in the country.

Will AI-Driven Motors Become the Standard in EVs?

Vehicle performance is being transformed with the integration of machine learning (ML) and artificial intelligence (AI) into electric traction motor control units. These smart control systems provide regenerative braking, outstanding torque delivery, real-time adjustment to fluctuating driving conditions, and overall energy efficiency. Moreover, by tracking motor conditions and detecting abnormalities before they become problems, AI-based analytics facilitate predictive maintenance, reducing downtime and prolonging motor life.

  • For instance, Siemens Digital Industries announced an AI-driven traction motor platform for commercial electric vehicle fleets in February 2024. Through the application of continuous learning to modify motor behavior according to driver habits and conditions, the system can enhance efficiency by as much as 15% and lower maintenance expenses by 20%.

Which Startups Are Disrupting the Electric Traction Motor Space?

By advancing innovative air-core and axial flux technologies, startups such as Magnax and Infinitum Electric are transforming the electric traction motor industry. In reaction to new demands for superior propulsion technology, the innovations provide lighter, more efficient, and high-performance alternatives to conventional electric mobility choices, from sports luxury EVs to delivery trucks used in cities.

  • Infinitum Electric (2016): At the forefront of air-core (PCB stator) motor technology development, Infinitum Electric manufactures motors that are 50% lighter and consume less energy than traditional iron-core motors. The company has entered the electric mobility market by developing small traction motors for light-duty EVs and commercial vehicles, following initial development in HVAC and industrial applications. To validate their next-generation mobility motors for lower vehicle weight and energy efficiency on city roads, Infinitum entered a strategic partnership with a U.S. delivery fleet operator in 2024.
  • Magnax (2015): Magnax designs efficient, torque-dense, and short axial flux motors that are perfectly suited for EV applications that demand high performance. They are increasingly used in sports cars, electric motorbikes, and even in space systems. Magnax's Gen 2 axial flux technology, intended for high-end EVs and delivering up to 20% improved cooling and power delivery, will be ready in 2025. The company is already working on proof-of-concept integrations with numerous European car makers.

Market snapshot - 2025-2032

Global Market Size

USD 23.12 billion

Largest Segment

AC

Fastest Growth

DC

Growth Rate

10.5% CAGR

Global Electric Traction Motor Market ($ Bn)
Country Share for Asia-Pacific (%)

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Electric Traction Motor Market Segments Analysis

Global Electric Traction Motor Market is segmented by Type, Power Rating, Application and region. Based on Type, the market is segmented into Alternating Current (AC) Motor and Direct Current (DC) Motor. Based on Power Rating, the market is segmented into Below 200 kW, 200–400 kW and Above 400 kW. Based on Application, the market is segmented into Railway, Electric Vehicle, Industrial Machinery and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.  

Why Full Hybrids Still Dominate the Hybrid Vehicle Market?

As per the 2024 global electric traction motor market analysis, since full hybrid vehicles (FHEVs) have better fuel economy than mild hybrids and can be powered by electricity alone, the full hybrid vehicles (FHEVs) segment is now at the forefront of the market. They are not dependent on external charging and provide a more suitable blend between performance and ecopetrol-related aspects. The Prius and Corolla Hybrid, two of Toyota's full hybrid models, recorded impressive global sales in 2024, cementing FHEVs as the market leader in the acceptance of hybrid vehicles.

The plug-in hybrid electric vehicles, or PHEVs, category will be the fastest-growing vehicle since they can travel longer on electricity alone and qualify for government subsidies. PHEVs are the perfect transitional vehicle between EVs and conventional hybrids because consumers desire flexible green cars with reduced emissions and fewer charging limitations.

Why Automakers Prefer AC Traction Motors in 2024?

Based on the 2024 global electric traction motor market forecast, the AC (Alternating Current) segment of traction motors is dominating the market with the highest market share. They are the most widely used type. New electric vehicles extensively utilize AC motors, particularly induction and permanent magnet synchronous motors (PMSMs). As a reflection of their wide industry application, Tesla and BMW will continue using AC motors for their EV automobiles up to and including 2024.

DC motors, particularly brushless DC (BLDC) motors, are poised to increase gradually in spite of the dominance of AC motors on account of their compact size, high torque, and low speed efficiency. They are well positioned for auxiliary drives, lightweight electric vehicles, and two-wheelers. The market will be led by the growing e-scooter and urban mobility solutions trends.

Global Electric Traction Motor Market By Type

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Electric Traction Motor Market Regional Insights

Why Asia-Pacific Leads the Charge in Electric Traction Motor Adoption?

Asia-Pacific is dominating electric traction motor market with 49% of share in 2024 due to low-cost manufacturing, accelerating EV uptake, and urbanization. Owing to their pro-government policies, EV infrastructure spending, and promotion of home production, China and India are two countries at the forefront. Asia-Pacific is also emerging as a worldwide hub for traction motor and EV component production and innovation based on vying labor costs and technology advances.

China Electric Traction Motor Market

As a result of massive investments made by the government of over USD 50 billion in EV and component manufacturing plants, China currently leads the Asia-Pacific electric traction motor industry. The nation's raw materials and labor are affordable and perfect for mass manufacturing. Additionally, regulations limiting traditional car licenses have boosted EV sales. Local companies such as BYD and NIO are investing heavily in motor R&D, cementing China's position as the global leader in electric mobility and motor technology.

India Electric Traction Motor Market

With the help of initiatives such as FAME II, Production Linked Incentive (PLI), and make in India, India is becoming a significant player in the electric traction motor market. The government is promoting EV production with tax incentives and giving a strong push to creating indigenous motor supply chains. India can expect robust growth in the market in the coming years with growing environmental awareness, increasing infrastructure, and increasing demand for electric two- and three-wheelers.

How is North America Accelerating Traction Motor Advancements?

North America will grow at more than 35% compound annual growth rate (CAGR) because of extensive investments in EV infrastructure and R&D. The region consists of renowned electric vehicle makers and motor technology innovators. The sector is growing due to favorable government policies, growing consumer EV uptake, and more emphasis on energy-efficient transport systems. The innovation and application of sophisticated traction motors are also encouraged by collaborations between automobile manufacturers and information technology firms.

U.S. Electric Traction Motor Market

With giants such as Tesla, Rivian, and Lucid Motors leading the way in innovation, the United States leads the electric traction motor market. Through the Bipartisan Infrastructure Law, the United States government invested USD 7.5 billion in 2024 to fund EV infrastructure. The high-performance traction motor market is being fueled by the use of electric vehicles and, as a result, domestic production investment, tax subsidies, and stringent pollution regulations.

Canada Electric Traction Motor Market

Canada is promoting a sustainable EV ecosystem with federal and provincial incentives. The nation has initiated EV-related manufacturing awards to attract battery and motor manufacturers and promotes zero-emission car standards. The Canadian government supported domestic component manufacturing and increased EV buying incentives in 2024. Canada enjoys a competitive advantage to develop a competitive and environmentally friendly traction motor supply chain due to its abundance of mineral resources for motor components.

How Germany and the UK Are Powering Europe’s Market Growth?

Europe is an electric traction motor market leader due to its robust electrification projects and stringent pollution regulations. Car manufacturers have been compelled to use zero-emission technology by climate targets and the EU's Green Deal. Localized car production and R&D spending are increasing in the region. With Germany and the UK leading invention, production, and uptake of traction motor technology, authorities are providing tax relief and incentives to promote the use of EVs.

UK Electric Traction Motor Market

ICE cars will be phased out by 2030, making the UK a pioneer in sustainable transport. Subsidies and R&D spending by the government are investments in EV supply chains, including traction motors. To enhance local motor manufacturing, several public-private initiatives were initiated in 2024. The UK's efforts towards innovation and emissions reduction are creating a robust and expanding market.

Germany Electric Traction Motor Market

As far as its high-tech automotive sector and robust engineering prowess are concerned, Germany is Europe's leader. Luxury car manufacturers such as Mercedes-Benz, BMW, and Volkswagen are investing heavily in high-efficiency traction motors and EV platforms. Germany raised its EV subsidies in 2024 and plans to boost the production of EV motors locally. Germany remains at the forefront of traction motor innovation in Europe with a focus on sustainability and performance.

Global Electric Traction Motor Market By Geography
  • Largest
  • Fastest

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Electric Traction Motor Market Dynamics

Electric Traction Motor Market Drivers

Demand for the Energy-Efficient Motor

  • One of the most prominent drivers pushing the electric traction motor market is the increasing demand for energy-efficient motors. Energy efficiency in vehicles makes it possible for low maintenance and energy saving. Fossil fuel prices continuously change. However, the electric traction market is highly driven by the increasing price of gasoline. That is why electric traction motor powered vehicles are rapidly gaining popularity. Moreover, in future years, it will become increasingly the norm to cut carbon emissions.

Favorable Government Policies

  • The application of electric traction motors is encouraged by the government through laws. They are superior since they assist in saving energy and curbing environmental pollutants. The upcoming years will witness strict policies in limiting the emission of carbon. It will lead to the utilization of green technology. The electric traction market will flourish with the regulation of the environment. Demand and revenue for the market will increase during the forecast period.

Electric Traction Motor Market Restraints

Motor Failure is the major Limitations

  • The machine or technology's motor is most crucial. There is a swift negative impact that traction motor failure has on aggregate demand. Increasing R&D investment is the remedy to the problem in that it is going to be done by the leading players in the industry. Market growth, however, will be impacted by the engines' failure and overheating.

Complex Process of Manufacturing Electric Traction Motor

  • High-quality raw materials are required to produce this technological energy efficiency. High-quality metals like copper and aluminum are used in the process. The electric traction motor, however, is confronted with difficulties by the fluctuation in raw material prices. There are certain market anomalies arising due to low or high price volatility in raw materials.

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Electric Traction Motor Market Competitive Landscape

Large companies such as Siemens, Toshiba, ZF Friedrichshafen, Nidec, and Bosch compete vigorously in the global electric traction motor market by innovating and collaborating. The corporate strategies include local development, vertical integration, and collaboration with automobile manufacturers. ZF, for example, is working on small e-drives for urban mobility, and Siemens is investing in modular motor systems. Light-weight PCB-based stator motors are being launched onto the market by emerging players such as Infinitum Electric in an effort to boost efficiency and scalability.

Top Player’s Company Profile

  • ABB Ltd (Switzerland) 
  • Siemens AG (Germany) 
  • General Electric Company (U.S.) 
  • Kirloskar Electric Company Ltd (India) 
  • CG Power and Industrial Solutions Ltd (India) 
  • CRRC Corporation Limited (China) 
  • Alstom SA (France) 
  • Traktionssysteme Austria GmbH (Austria) 
  • Robert Bosch GmbH (Germany) 
  • Johnson Electric Holdings Limited (Hong Kong) 
  • WEG S.A. (Brazil) 
  • YASA Limited (United Kingdom) 
  • Toshiba Corporation (Japan) 
  • Voith GmbH & Co. KGaA (Germany) 
  • Bombardier Inc. (Canada) 
  • American Traction Systems (U.S.) 
  • VEM Group (Germany) 
  • Caterpillar Inc. (U.S.) 

Recent Developments in Electric Traction Motor Market 

  • Bosch's advanced regenerative braking traction motor system with AI for adaptive control was launched in February 2025. The objective of the method is to enhance driving range and efficiency in cities by as much as 12%. A group of European city bus fleets took part in the initial pilot testing.
  • Siemens introduced the Simotics e-mobility platform in January 2025, which integrates inverter technology and modular construction for corporate electric vehicles. The motors are specifically designed for medium- and heavy-duty commercial vehicles and are up to 15% more energy efficient.
  • Nidec, in August 2024, showcased their E-Axle Gen 3 traction motor system, which is 10% lighter and more compact than the earlier version. A major Chinese EV maker and Nidec also inked a supply deal for 100,000 vehicles per year through 2027.
  • ZF launched a new compact 800V traction motor system for high-performance electric vehicles in March 2024. It has enhanced heat management and a built-in reduction gearbox. A number of European EV companies are using the engine for sports utility vehicles.

Electric Traction Motor Key Market Trends

Electric Traction Motor Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the increasing popularity of electric vehicles and robust legislative backing for sustainable transport are predicted to propel strong growth in the global electric traction motor market. Performance levels are rising due to technological innovation such as axial flux motors, AI integration, and improved thermal management. Despite issues such as high initial costs and dependence on raw materials, the sector is dynamic, and innovation driven. The market will continue to soar to new levels until 2032 and beyond due to the growing demand for high-torque, lightweight, and effective motors for commercial and passenger EVs.

Report Metric Details
Market size value in 2023 USD 23.12 billion
Market size value in 2032 USD 56.79 billion
Growth Rate 10.5%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Alternating Current (AC) Motor
    • Direct Current (DC) Motor
  • Power Rating
    • Below 200 kW
    • 200–400 kW
    • Above 400 kW
  • Application
    • Railway
    • Electric Vehicle
    • Industrial Machinery
    • Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ABB Ltd (Switzerland) 
  • Siemens AG (Germany) 
  • General Electric Company (U.S.) 
  • Kirloskar Electric Company Ltd (India) 
  • CG Power and Industrial Solutions Ltd (India) 
  • CRRC Corporation Limited (China) 
  • Alstom SA (France) 
  • Traktionssysteme Austria GmbH (Austria) 
  • Robert Bosch GmbH (Germany) 
  • Johnson Electric Holdings Limited (Hong Kong) 
  • WEG S.A. (Brazil) 
  • YASA Limited (United Kingdom) 
  • Toshiba Corporation (Japan) 
  • Voith GmbH & Co. KGaA (Germany) 
  • Bombardier Inc. (Canada) 
  • American Traction Systems (U.S.) 
  • VEM Group (Germany) 
  • Caterpillar Inc. (U.S.) 
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Electric Traction Motor Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Electric Traction Motor Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Electric Traction Motor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Traction Motor Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

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Customization Options

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Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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FAQs

Global Electric Traction Motor Market size was valued at USD 15.63 Billion in 2023 and is poised to grow from USD 18.25 Billion in 2024 to USD 63.21 Billion by 2032, growing at a CAGR of 16.80% in the forecast period (2025-2032).

Large companies such as Siemens, Toshiba, ZF Friedrichshafen, Nidec, and Bosch compete vigorously in the global electric traction motor market by innovating and collaborating. The corporate strategies include local development, vertical integration, and collaboration with automobile manufacturers. ZF, for example, is working on small e-drives for urban mobility, and Siemens is investing in modular motor systems. Light-weight PCB-based stator motors are being launched onto the market by emerging players such as Infinitum Electric in an effort to boost efficiency and scalability. 'Siemens', 'Bosch', 'Nidec', 'ZF', 'Prodrive Technologies', 'Toshiba Corporation', 'General Electric Co.', 'CG Power and Industrial Solutions Ltd.', 'Aisin', 'ABB, Ltd.', 'Alstom S.A.', 'Voith GmbH', 'Mitsubishi Electric Corporation', 'Bombardier Inc.'

One of the most prominent drivers pushing the electric traction motor market is the increasing demand for energy-efficient motors. Energy efficiency in vehicles makes it possible for low maintenance and energy saving. Fossil fuel prices continuously change. However, the electric traction market is highly driven by the increasing price of gasoline. That is why electric traction motor powered vehicles are rapidly gaining popularity. Moreover, in future years, it will become increasingly the norm to cut carbon emissions.

Merging Digital Control Systems with Artificial Intelligence: Machine learning and artificial intelligence are being integrated into fresh traction motors used in new cars for real-time diagnostics, predictive maintenance, and dynamic control of the motor. These technologies enhance general driving dynamics, torque response, and battery efficiency. Various companies launched AI-tuned control units in 2024 that allow them to learn topography and driving habits, making EVs more efficient in terms of range and the life of their motors.

Why Asia-Pacific Leads the Charge in Electric Traction Motor Adoption?

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Global Electric Traction Motor Market
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