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The global Traction Motor market size is expected to reach $ 285870 million by 2030, rising at a market growth of 47.9% CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global Traction Motor market size was valued at USD 18510 million in 2023 and is forecast to a readjusted size of USD 285870 million by 2030 with a CAGR of 47.9% during review period.

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The global EV Traction Motor market size is expected to reach $ 89160 million by 2030, rising at a market growth of 38.3% CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global DC Traction Motor market size was valued at USD 13380 million in 2023 and is forecast to a readjusted size of USD 26640 million by 2030 with a CAGR of 10.3% during review period.

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According to our (Global Info Research) latest study, the global AC Traction Motor market size was valued at USD 13680 million in 2023 and is forecast to a readjusted size of USD 33180 million by 2030 with a CAGR of 13.5% during review period.

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According to our (Global Info Research) latest study, the global EV Traction Motor market size was valued at USD 9222.5 million in 2023 and is forecast to a readjusted size of USD 89160 million by 2030 with a CAGR of 38.3% during review period.

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The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each other, whereas like poles repel. Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.

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The traction motor in electric vehicle is responsible for converting the electric energy to mechanical energy which is used in propulsion of vehicle in a straight-line motion. Electric vehicle traction motor is used in electrical transmission system like electric hybrid vehicles and battery powered electric vehicles. Inside every electric motor is a stationary stator with a rotor spinning inside it. The stator is made of copper wire coils. When an electric current flows through these coils, a rotating magnetic field is created in the stator which causes the rotor to spin. The rotational movement is based on a simple physical principle: opposite poles in a magnet attract each other, whereas like poles repel. Consisting of a stator and a rotor, a motor core plays a pivotal role in generating electricity within a motor.

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According to our (Global Info Research) latest study, the global Rail Traction Motor market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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According to our (Global Info Research) latest study, the global Traction Motor System market size was valued at USD 6575 million in 2023 and is forecast to a readjusted size of USD 8226.9 million by 2030 with a CAGR of 3.3% during review period.

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