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