Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Electric Traction Motor Market Companies

Electric Traction Motor Market Top prominent companies business landscapes are dynamic, and success depends on a company's ability to adapt to changing circumstances with respect to regions and countries. Companies that successfully integrate emerging technologies like AI, blockchain, and the IoT into their operations often gain a competitive edge.

*Disclaimer: List of key companies in no particular order

Top listed companies in the Electric Traction Motor industry are:

Skoda Electric (Czech Republic)

CRRC (China)

CG Power (India)

Alstom (France)

Nidec (Japan)


Bosch (Germany)

Siemens (Germany)

Powering the Shift: Competitive Landscape of the Electric Traction Motor Market

The electric traction motor market, a key cog in the e-mobility revolution, is experiencing electrifying growth. Fueled by surging demand for electric vehicles (EVs) and ambitious railway electrification projects. This dynamic terrain hosts a constellation of established players and nimble start-ups, all vying for a significant share of the pie.

Key Player Strategies:

Established players like ABB, Siemens, and General Electric leverage their robust global presence, extensive experience in industrial motors, and strong relationships with major automakers and rail manufacturers. They prioritize research and development (R&D) to enhance motor efficiency, reduce weight, and optimize performance. Strategic acquisitions, like ABB's purchase of Magnemotive, bolster their technological prowess and market reach.

Emerging players like YASA Motors and Magnetic System Technology are shaking up the scene with innovative motor designs. YASA's axial-flux motors offer higher power density and efficiency, while Magnetic System Technology's in-wheel motors reduce complexity and improve vehicle dynamics. These young guns often collaborate with established players to access manufacturing and distribution networks.

Market Share Analysis:

Several factors influence market share in this fragmented landscape. Technology leadership is paramount, with companies that offer high-performance, lightweight, and cost-effective motors attracting greater preference. Geographic coverage plays a crucial role, with strong regional presence in key markets like Asia Pacific and Europe providing an edge. Additionally, vertical integration, encompassing production of key components like rare-earth magnets, can offer cost advantages and secure supply chains.

New and Emerging Trends:

SiC-based inverters are replacing conventional silicon counterparts, enabling faster switching frequencies and higher motor efficiency. Integrated motor-drive systems combine the motor and inverter into a single unit, reducing complexity and boosting performance. Wireless charging for electric vehicles and automated guided vehicles (AGVs) opens up new avenues for traction motor applications.

Overall Competitive Scenario:

The electric traction motor market is a battleground of innovation, collaboration, and fierce competition. Established players are playing catch-up with faster-moving start-ups in terms of novel technologies. Partnerships and acquisitions are becoming commonplace, blurring traditional competitor lines. Government policies promoting e-mobility, coupled with rising fuel costs, will further accelerate market growth.

Looking Ahead:

The future of the electric traction motor market promises continued excitement. Technological advancements will push the boundaries of efficiency, power density, and cost-effectiveness. The race for market share will intensify, with established and emerging players vying for dominance. Ultimately, the winners will be those who adapt to changing market dynamics, deliver superior technology, and forge strategic partnerships to power the e-mobility revolution forward.

Latest Company Updates:

Alstom (France):

  • December 2023: Secures contract to supply traction equipment for 40 high-speed trains in Saudi Arabia. (Source: Alstom press release, December 15, 2023)

Nidec (Japan):

  • February 2023: Introduces new e-Axle system with integrated motor, gearbox, and inverter for commercial vehicles. (Source: Nidec press release, February 8, 2023)

GE (US):

  • May 2023: Unveils a new traction motor family for locomotives with up to 20% higher efficiency. (Source: GE Transportation press release, May 10, 2023)

Bosch (Germany):

  • June 2023: Introduces a new 48V electric motor system for hybrid vehicles, offering improved fuel economy and driving performance. (Source: Bosch press release, June 15, 2023)

Siemens (Germany):

  • October 2023: Launches a new series of high-power traction motors for heavy-duty mining trucks. (Source: Siemens press release, October 20, 2023)

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.