Electric Traction Motor Market Revenue to Hit $36.6 Billion by 2025 | ABB, CG Power, CRRC, GE, Siemens

electric traction motor market1
Global Electric Traction Motor Market – Overview The global electric traction motor market is expected to grow at a CAGR of 20.9%, from 2020 to 2025, to reach USD 36.6 billion by 2025 from an estimated market size of USD 14.2 billion in 2020. A traction motor is an electric motor used for propulsion in various applications, particularly in electric and diesel-electric locomotive applications,...

Energy Efficient Motor Market Size to Reach $41.57 Billion by 2023

Energy Efficient Motor Market
The global Energy Efficient Motor Market is projected to reach USD 41.6 billion by 2023 from USD 30.3 billion in 2018, at a CAGR of 6.5% between 2018 and 2023. The major factors driving the growth of the energy efficient motor market are energy savings and the subsequent cost over traditional motors, increasing governmental support worldwide towards the adoption of energy efficient motors, rising...

Brushless DC Motor Market anticipated to reach $15.2 Billion by 2025

Brushless DC Motor Market
The global Brushless DC Motor Market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. The market is set to witness growth due to increasing industrial applications of these motors and surging adoption of brushless DC motors in HVAC, automotive, and consumer electronics applications. The inner rotor segment...