Traction Motor Market- Industry Overview, Scope, Demands and Major Regions Status to 2022

Global Traction Motor Market is anticipated to rise at a higher CAGR in the predicted period. Traction motor is defined as an electric motor consisting of stationary electrical parts It is typically AC, DC motor surrounded with armature series, and which has coils which is surrounded by these coils and the armature in a sequential from the basically used for the driving machinery. The traction motors are developed that have the proven electrical system which protect against thermal, mechanical and electrical stresses. The electric cars and the public transportation contribute to the green environment by emitting less of carbon dioxide. So, the Traction motors are utilized to provide the necessary torque which supports the sleeve bearings. More than 85% of the electrical power converts into mechanical power under normal conditions of the traction motors.

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There is an increasing demand and the trend for electrification of the vehicle in the automotive industry, which is in the demand for electrical components also. Automotive industry has major driver factor for the growth of the market in the traction motors markets i.e new developmental technologies such as increase in the regenerative brakes, and increase in R&D for specific requirements which is based on the traction motor application. Also, there is increase in awareness or emission reduction of the vehicle which are steering the growth and the demand of the traction motors market. There are technologies like hybrid vehicle technology that are steering the growth of the traction motor market during the predicted period.Traction Motor Market is segmented, By Product Type Permanent Magnet Motor, AC Induction Motor, and other Types. Traction Motor Market is segmented, By Applications Commercial Vehicles, Transportation, Passenger Cars, and others.

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