Electric Traction Motor Market
Electric Traction Motor Market Forecasts to 2030 - Global Analysis By Type (Alternating Current (AC) Motor and Direct Current (DC) Motor), Power Rating (Below 200 Kw, 200-400 kW and Above 400 kW), Vehicle Type (Plug-in Hybrid Electric Vehicles, Mild Hybrid Vehicles, Full Hybrid Vehicles and Other Vehicle Types), Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $14.09 BN |
|
Projected Year Value (2030) |
US $36.59 BN |
|
CAGR (2023 - 2030) |
14.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Electric Traction Motor Market is accounted for $14.09 billion in 2023 and is expected to reach $36.59 billion by 2030 growing at a CAGR of 14.6% during the forecast period. An electric motor known as a traction motor is one that is created primarily for propulsion in vehicles like trains, electric cars, and hybrid electric cars. It provides the necessary traction to power the vehicle's movement by delivering torque to drive the wheels or axles of the vehicle. A traction motor is a crucial part of the power train of contemporary automobiles since it is often made to work with great efficiency and power density. The traction motor is a crucial part of an electric vehicle's power train and is in charge of providing the torque and power required for the vehicle to move in EVs and HEVs.
According to the IEC 600038 standard (International Electro-technical Commission’s), any motor with a rating up to 1000 volts is regarded as a low voltage (LV). The industry standards for low-voltage motors vary broadly. Several manufacturers have different motor classifications that are considered low-voltage motors.
Market Dynamics:
Driver:
Government initiatives that are successful and rising demand for energy-efficient motors
Government law promotes the use of electric traction motors these motors are useful because they reduce environmental pollution and energy consumption. In the next years, there will be severe regulations limiting carbon emissions. It will result in the use of environmentally beneficial technologies. Low maintenance and energy savings are made possible through vehicle energy efficiency. Fossil fuel costs are always fluctuating. The rising price of gasoline, however, has a substantial influence on the market for electric traction. Because of this, electric traction motor-powered vehicles are becoming increasingly widespread. Additionally, reducing carbon emissions will be increasingly prevalent in the coming years.
Restraint:
Challenging procedure involved in making electric traction motors
This energy-efficient technology must be produced using premium raw materials. Premium metals like copper and aluminum are used in the process. The fluctuating cost of raw materials, however, poses problems for the electric traction motor. The high or low variations in raw material prices cause a number of market anomalies. The use of inexpensive raw material alternatives can affect the dependability and safety of an electric traction motor's functioning. The leading rivals on the market face substantial challenges due to the cost of raw materials.
Opportunity:
Application of electric traction motors in hybrid and all-electric cars
Traction motors are the primary components of hybrid and all-electric vehicles that convert electrical energy into mechanical energy. Electric traction motors are a standard component of electric automobiles and are used for initial propulsion as well as to provide rotational torque. The development of hybrid vehicle technology has led to a major growth in the demand for traction motors. The increased understanding of the detrimental effects of carbon emissions from moving cars is another important factor influencing the rise of the market for electric traction motors.
Threat:
Overheating-related motor failure
By degrading the winding insulation in electric motors, excessive heat brought on by overheating can lead to motor failure. Overload inadequate power conditions, extreme effective service factors, frequent turning on and off of the motor and lack of airflow around the motor are all causes of overheating. In hot climates, electric motors also frequently overheat. Insulation failure is the cause of around 30% of all motor failures, while overheating is the cause of about 60%. Significant dependability problems plague permanent magnet motors; when subjected to high temperatures, these motors lose their magnetic. These motors' permanent magnets demagnetize, which lowers their torque capacity in turn impedes the growth of the market.
Covid-19 Impact
The COVID 19 has a significant negative influence on the worldwide electric traction motor. Global economic collapse has resulted from the COVID 19 pandemic. During this time, consumer spending is changing in all of the main nations. The expansion of the transportation sector is being constrained by low-level regulations in a number of areas. Fuelling has been banned for both domestic and foreign travel at this time. These limitations have also cast doubt on the electric traction market's supply chain. Profitability may be impacted by the industry's supply-demand imbalance. A scarcity of raw materials for the market and a slowdown in manufacturing are further issues. The prognosis for the electric traction motor industry is significantly altered by all these variables.
The alternating current (AC) motor segment is expected to be the largest during the forecast period
The alternating current (AC) motor segment is estimated to have a lucrative growth, due to the lack of mechanical components needed for operation, AC motors are simpler to construct and lighter than DC motors for the same power. The AC units may operate precisely and successfully to improve traction and adhesion thanks to the use of cutting-edge electronics. Microprocessors have the ability to accurately monitor it, and they also assist in redeveloping current till it ceases. DC regeneration drastically decreases at low speeds. These products are most typically used in a range of applications in the modern industrial sector, such as electric vehicles, conveyors, and industrial equipment. AC motors are more often employed in the automobile sector. The demand for AC motors is expected to increase as a result of these factors.
The electric vehicle segment is expected to have the highest CAGR during the forecast period
The electric vehicle segment is anticipated to witness the highest CAGR growth during the forecast period, as a vehicle runs only on chemical energy from rechargeable battery packs is known as a battery-powered vehicle. Battery electric cars use motor controllers and electric motors in place of conventional IC engines for propulsion. The BEV category is predicted to rule the market for electric vehicle traction motors during the forecast period as a result of a major change in customer attitudes toward zero emission automobiles. Technology advancements like long-range batteries with rapid charging capabilities are expected to boost the BEV industry.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to its sizable fleet of electric cars, rail, and metro projects. The dominant nations in the area include South Korea, China, India, Japan, and Japan, and their electrification initiatives are expanding quickly. China plans to minimize pollution from its road transport vehicles in light of the country's rising urbanization. Additionally, it aims to lessen the nation's reliance on hydrocarbon imports and promote the growth of the industrial sector. India, on the other hand, is in the process of electrifying the whole railway industry.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to the region's rapid urbanization, which has increased air pollution, greenhouse gas emissions, and energy waste; the growing government emphasis on the adoption of efficient and sustainable transportation solutions; and the rising daily commuter traffic. The widespread use of EVs, such as automobiles, scooters, and buses; heavy investment by auto industry titans; application of environmental laws; and expanding end-use sectors in addition, to that Europe generates the bulk of the region's income due to the presence of important industry players, the rapid adoption of electric cars, and the high level of consumer spending in the nation.
Key players in the market
Some of the key players profiled in the Electric Traction Motor Market include Siemens AG, ABB, Ltd., Delphi Automotive LLP, Mitsubishi Electric Corporation, Caterpillar Inc., General Electric Co., Toshiba Corporation, Hitachi, Ltd., Magna International, Hyundai Rotem Company, Schneider Electric SE,Alstom S.A., CG Power and Industrial Solutions Ltd., CRRC Corporation Limited, Robert Bosch GmbH, Traktionssysteme Austria (TSA) GmbH, Kawasaki Heavy Industries Ltd., Prodrive Technologies, Transtech Melbourne Pty Ltd. And The Curtiss-Wright Corporation
Key Developments:
In August 2023, Siemens launches new SIRIUS 3UG5 line monitoring relays, the relays are the easiest way to monitor standards-compliant grid stability and quality, ensuring proper system operation and a long service life of components such as motors or compressors.
In July 2023, ABB and Microsoft collaborate to bring generative AI to industrial applications, the collaboration aims to deploy Copilot capabilities to enable more intuitive user interaction with ABB Ability™ Genix Industrial Analytics and AI Suite and its applications.
In May 2023, Mitsubishi Electric and Mitsubishi Heavy Industries Definitively Agree to Integrate Their Power-generator Systems Businesses, prior to the establishment of the joint-venture company; a preparatory company will be established.
Types Covered:
• Alternating Current (AC) Motor
• Direct Current (DC) Motor
Power Ratings Covered:
• Below 200 kW
• 200-400 kW
• Above 400 kW
Vehicle Types Covered:
• Plug-in Hybrid Electric Vehicles
• Mild Hybrid Vehicles
• Full Hybrid Vehicles
• Other Vehicle Types
Applications Covered:
• Conveyors
• Electric Vehicle
• Elevators
• Industrial Machinery
• Railways
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Electric Traction Motor Market, By Type
5.1 Introduction
5.2 Alternating Current (AC) Motor
5.3 Direct Current (DC) Motor
6 Global Electric Traction Motor Market, By Power Rating
6.1 Introduction
6.2 Below 200 Kw
6.3 200-400 kW
6.4 Above 400 kW
7 Global Electric Traction Motor Market, By Vehicle Type
7.1 Introduction
7.2 Plug-in Hybrid Electric Vehicles
7.3 Mild Hybrid Vehicles
7.4 Full Hybrid Vehicles
7.5 Other Vehicle Types
8 Global Electric Traction Motor Market, By Application
8.1 Introduction
8.2 Conveyors
8.3 Electric Vehicle
8.4 Elevators
8.5 Industrial Machinery
8.6 Railways
8.7 Other Applications
9 Global Electric Traction Motor Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Siemens AG
11.2 ABB, Ltd.
11.3 Delphi Automotive LLP
11.4 Mitsubishi Electric Corporation
11.5 Caterpillar Inc.
11.6 General Electric Co.
11.7 Toshiba Corporation
11.8 Hitachi, Ltd.
11.9 Magna International
11.10 Hyundai Rotem Company
11.11 Schneider Electric SE
11.12 Alstom S.A.
11.13 CG Power and Industrial Solutions Ltd.
11.14 CRRC Corporation Limited
11.15 Robert Bosch GmbH
11.16 Traktionssysteme Austria (TSA) GmbH
11.17 Kawasaki Heavy Industries Ltd.
11.18 Prodrive Technologies
11.19 Transtech Melbourne Pty Ltd.
11.20 The Curtiss-Wright Corporation
List of Tables
1 Global Electric Traction Motor Market Outlook, By Region (2021-2030) ($MN)
2 Global Electric Traction Motor Market Outlook, By Type (2021-2030) ($MN)
3 Global Electric Traction Motor Market Outlook, By Alternating Current (AC) Motor (2021-2030) ($MN)
4 Global Electric Traction Motor Market Outlook, By Direct Current (DC) Motor (2021-2030) ($MN)
5 Global Electric Traction Motor Market Outlook, By Power Rating (2021-2030) ($MN)
6 Global Electric Traction Motor Market Outlook, By Below 200 Kw (2021-2030) ($MN)
7 Global Electric Traction Motor Market Outlook, By 200-400 kW (2021-2030) ($MN)
8 Global Electric Traction Motor Market Outlook, By Above 400 kW (2021-2030) ($MN)
9 Global Electric Traction Motor Market Outlook, By Vehicle Type (2021-2030) ($MN)
10 Global Electric Traction Motor Market Outlook, By Plug-in Hybrid Electric Vehicles (2021-2030) ($MN)
11 Global Electric Traction Motor Market Outlook, By Mild Hybrid Vehicles (2021-2030) ($MN)
12 Global Electric Traction Motor Market Outlook, By Full Hybrid Vehicles (2021-2030) ($MN)
13 Global Electric Traction Motor Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
14 Global Electric Traction Motor Market Outlook, By Application (2021-2030) ($MN)
15 Global Electric Traction Motor Market Outlook, By Conveyors (2021-2030) ($MN)
16 Global Electric Traction Motor Market Outlook, By Electric Vehicle (2021-2030) ($MN)
17 Global Electric Traction Motor Market Outlook, By Elevators (2021-2030) ($MN)
18 Global Electric Traction Motor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
19 Global Electric Traction Motor Market Outlook, By Railways (2021-2030) ($MN)
20 Global Electric Traction Motor Market Outlook, By Other Applications (2021-2030) ($MN)
21 North America Electric Traction Motor Market Outlook, By Country (2021-2030) ($MN)
22 North America Electric Traction Motor Market Outlook, By Type (2021-2030) ($MN)
23 North America Electric Traction Motor Market Outlook, By Alternating Current (AC) Motor (2021-2030) ($MN)
24 North America Electric Traction Motor Market Outlook, By Direct Current (DC) Motor (2021-2030) ($MN)
25 North America Electric Traction Motor Market Outlook, By Power Rating (2021-2030) ($MN)
26 North America Electric Traction Motor Market Outlook, By Below 200 Kw (2021-2030) ($MN)
27 North America Electric Traction Motor Market Outlook, By 200-400 kW (2021-2030) ($MN)
28 North America Electric Traction Motor Market Outlook, By Above 400 kW (2021-2030) ($MN)
29 North America Electric Traction Motor Market Outlook, By Vehicle Type (2021-2030) ($MN)
30 North America Electric Traction Motor Market Outlook, By Plug-in Hybrid Electric Vehicles (2021-2030) ($MN)
31 North America Electric Traction Motor Market Outlook, By Mild Hybrid Vehicles (2021-2030) ($MN)
32 North America Electric Traction Motor Market Outlook, By Full Hybrid Vehicles (2021-2030) ($MN)
33 North America Electric Traction Motor Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
34 North America Electric Traction Motor Market Outlook, By Application (2021-2030) ($MN)
35 North America Electric Traction Motor Market Outlook, By Conveyors (2021-2030) ($MN)
36 North America Electric Traction Motor Market Outlook, By Electric Vehicle (2021-2030) ($MN)
37 North America Electric Traction Motor Market Outlook, By Elevators (2021-2030) ($MN)
38 North America Electric Traction Motor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
39 North America Electric Traction Motor Market Outlook, By Railways (2021-2030) ($MN)
40 North America Electric Traction Motor Market Outlook, By Other Applications (2021-2030) ($MN)
41 Europe Electric Traction Motor Market Outlook, By Country (2021-2030) ($MN)
42 Europe Electric Traction Motor Market Outlook, By Type (2021-2030) ($MN)
43 Europe Electric Traction Motor Market Outlook, By Alternating Current (AC) Motor (2021-2030) ($MN)
44 Europe Electric Traction Motor Market Outlook, By Direct Current (DC) Motor (2021-2030) ($MN)
45 Europe Electric Traction Motor Market Outlook, By Power Rating (2021-2030) ($MN)
46 Europe Electric Traction Motor Market Outlook, By Below 200 Kw (2021-2030) ($MN)
47 Europe Electric Traction Motor Market Outlook, By 200-400 kW (2021-2030) ($MN)
48 Europe Electric Traction Motor Market Outlook, By Above 400 kW (2021-2030) ($MN)
49 Europe Electric Traction Motor Market Outlook, By Vehicle Type (2021-2030) ($MN)
50 Europe Electric Traction Motor Market Outlook, By Plug-in Hybrid Electric Vehicles (2021-2030) ($MN)
51 Europe Electric Traction Motor Market Outlook, By Mild Hybrid Vehicles (2021-2030) ($MN)
52 Europe Electric Traction Motor Market Outlook, By Full Hybrid Vehicles (2021-2030) ($MN)
53 Europe Electric Traction Motor Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
54 Europe Electric Traction Motor Market Outlook, By Application (2021-2030) ($MN)
55 Europe Electric Traction Motor Market Outlook, By Conveyors (2021-2030) ($MN)
56 Europe Electric Traction Motor Market Outlook, By Electric Vehicle (2021-2030) ($MN)
57 Europe Electric Traction Motor Market Outlook, By Elevators (2021-2030) ($MN)
58 Europe Electric Traction Motor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
59 Europe Electric Traction Motor Market Outlook, By Railways (2021-2030) ($MN)
60 Europe Electric Traction Motor Market Outlook, By Other Applications (2021-2030) ($MN)
61 Asia Pacific Electric Traction Motor Market Outlook, By Country (2021-2030) ($MN)
62 Asia Pacific Electric Traction Motor Market Outlook, By Type (2021-2030) ($MN)
63 Asia Pacific Electric Traction Motor Market Outlook, By Alternating Current (AC) Motor (2021-2030) ($MN)
64 Asia Pacific Electric Traction Motor Market Outlook, By Direct Current (DC) Motor (2021-2030) ($MN)
65 Asia Pacific Electric Traction Motor Market Outlook, By Power Rating (2021-2030) ($MN)
66 Asia Pacific Electric Traction Motor Market Outlook, By Below 200 Kw (2021-2030) ($MN)
67 Asia Pacific Electric Traction Motor Market Outlook, By 200-400 kW (2021-2030) ($MN)
68 Asia Pacific Electric Traction Motor Market Outlook, By Above 400 kW (2021-2030) ($MN)
69 Asia Pacific Electric Traction Motor Market Outlook, By Vehicle Type (2021-2030) ($MN)
70 Asia Pacific Electric Traction Motor Market Outlook, By Plug-in Hybrid Electric Vehicles (2021-2030) ($MN)
71 Asia Pacific Electric Traction Motor Market Outlook, By Mild Hybrid Vehicles (2021-2030) ($MN)
72 Asia Pacific Electric Traction Motor Market Outlook, By Full Hybrid Vehicles (2021-2030) ($MN)
73 Asia Pacific Electric Traction Motor Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
74 Asia Pacific Electric Traction Motor Market Outlook, By Application (2021-2030) ($MN)
75 Asia Pacific Electric Traction Motor Market Outlook, By Conveyors (2021-2030) ($MN)
76 Asia Pacific Electric Traction Motor Market Outlook, By Electric Vehicle (2021-2030) ($MN)
77 Asia Pacific Electric Traction Motor Market Outlook, By Elevators (2021-2030) ($MN)
78 Asia Pacific Electric Traction Motor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
79 Asia Pacific Electric Traction Motor Market Outlook, By Railways (2021-2030) ($MN)
80 Asia Pacific Electric Traction Motor Market Outlook, By Other Applications (2021-2030) ($MN)
81 South America Electric Traction Motor Market Outlook, By Country (2021-2030) ($MN)
82 South America Electric Traction Motor Market Outlook, By Type (2021-2030) ($MN)
83 South America Electric Traction Motor Market Outlook, By Alternating Current (AC) Motor (2021-2030) ($MN)
84 South America Electric Traction Motor Market Outlook, By Direct Current (DC) Motor (2021-2030) ($MN)
85 South America Electric Traction Motor Market Outlook, By Power Rating (2021-2030) ($MN)
86 South America Electric Traction Motor Market Outlook, By Below 200 Kw (2021-2030) ($MN)
87 South America Electric Traction Motor Market Outlook, By 200-400 kW (2021-2030) ($MN)
88 South America Electric Traction Motor Market Outlook, By Above 400 kW (2021-2030) ($MN)
89 South America Electric Traction Motor Market Outlook, By Vehicle Type (2021-2030) ($MN)
90 South America Electric Traction Motor Market Outlook, By Plug-in Hybrid Electric Vehicles (2021-2030) ($MN)
91 South America Electric Traction Motor Market Outlook, By Mild Hybrid Vehicles (2021-2030) ($MN)
92 South America Electric Traction Motor Market Outlook, By Full Hybrid Vehicles (2021-2030) ($MN)
93 South America Electric Traction Motor Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
94 South America Electric Traction Motor Market Outlook, By Application (2021-2030) ($MN)
95 South America Electric Traction Motor Market Outlook, By Conveyors (2021-2030) ($MN)
96 South America Electric Traction Motor Market Outlook, By Electric Vehicle (2021-2030) ($MN)
97 South America Electric Traction Motor Market Outlook, By Elevators (2021-2030) ($MN)
98 South America Electric Traction Motor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
99 South America Electric Traction Motor Market Outlook, By Railways (2021-2030) ($MN)
100 South America Electric Traction Motor Market Outlook, By Other Applications (2021-2030) ($MN)
101 Middle East & Africa Electric Traction Motor Market Outlook, By Country (2021-2030) ($MN)
102 Middle East & Africa Electric Traction Motor Market Outlook, By Type (2021-2030) ($MN)
103 Middle East & Africa Electric Traction Motor Market Outlook, By Alternating Current (AC) Motor (2021-2030) ($MN)
104 Middle East & Africa Electric Traction Motor Market Outlook, By Direct Current (DC) Motor (2021-2030) ($MN)
105 Middle East & Africa Electric Traction Motor Market Outlook, By Power Rating (2021-2030) ($MN)
106 Middle East & Africa Electric Traction Motor Market Outlook, By Below 200 Kw (2021-2030) ($MN)
107 Middle East & Africa Electric Traction Motor Market Outlook, By 200-400 kW (2021-2030) ($MN)
108 Middle East & Africa Electric Traction Motor Market Outlook, By Above 400 kW (2021-2030) ($MN)
109 Middle East & Africa Electric Traction Motor Market Outlook, By Vehicle Type (2021-2030) ($MN)
110 Middle East & Africa Electric Traction Motor Market Outlook, By Plug-in Hybrid Electric Vehicles (2021-2030) ($MN)
111 Middle East & Africa Electric Traction Motor Market Outlook, By Mild Hybrid Vehicles (2021-2030) ($MN)
112 Middle East & Africa Electric Traction Motor Market Outlook, By Full Hybrid Vehicles (2021-2030) ($MN)
113 Middle East & Africa Electric Traction Motor Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
114 Middle East & Africa Electric Traction Motor Market Outlook, By Application (2021-2030) ($MN)
115 Middle East & Africa Electric Traction Motor Market Outlook, By Conveyors (2021-2030) ($MN)
116 Middle East & Africa Electric Traction Motor Market Outlook, By Electric Vehicle (2021-2030) ($MN)
117 Middle East & Africa Electric Traction Motor Market Outlook, By Elevators (2021-2030) ($MN)
118 Middle East & Africa Electric Traction Motor Market Outlook, By Industrial Machinery (2021-2030) ($MN)
119 Middle East & Africa Electric Traction Motor Market Outlook, By Railways (2021-2030) ($MN)
120 Middle East & Africa Electric Traction Motor Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
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