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Cloud Billing Market
Cloud Billing Market was estimated at USD 2,517 Million in 2019 and is predicted to witness a CAGR of 16% over the forecast period, owing to the rising adoption of cloud computing. Cloud billing solutions offer safe services, cost advantages, scalability, and operational efficiency.
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Cloud billing solutions tracks third-party billing, reduces services costs and licensing costs, better mobility, extensibility, and enhanced customer relationships. As per the Software Alliance, the BSA, and a member of the International Intellectual Property Alliance, cloud computing is projected to witness 60 percent increase through 2020. This is likely to offer huge opportunities to the market. Growing demand for cloud and web-driven network software and solution, growing demand for converging billing solutions has propelled the market share. However, the huge installation cost and expensive maintenance might hamper the cloud billing market size.
By deployment, the public cloud is predicted to expand at a faster CAGR over the forecast period owing to its easy usage, lower initial investment, and easy availability over the internet.
By end-use industry, the retail segment is predicted to hold a larger share over the forecast period, owing to the rising sales of pay as you consumer services, expansion across e-commerce platforms, and rising digital platforms such as invoices and bills.
By region, Asia Pacific is forecast to witness a promising growth during the forecast period, due to the growing demand for cloud-based solutions among retail, healthcare, and telecommunication industries.
Prominent Cloud Billing companies in the market include SAP SE, Telefonaktiebolaget LM Ericsson, Zuora Inc., Microsoft Corporation, Oracle Corporation, Salesforce.com, Inc., Recurly, Inc., Jamcracker, Inc., BillingPlatform, and Aria Systems, Inc. among others.
Cloud Billing Market Segmentation:
Cloud Billing Market by Deployment
Public Cloud
Private Cloud
Hybrid Cloud
Cloud Billing Market by Component
Platform
Services
Cloud Billing Market by End-Use Industry
Retail
Power & Energy
Healthcare
Telecommunications
BFSI
Others
Cloud Billing Market by Region:
Asia Pacific
o China
o Japan
o India
o Rest of APAC
North America
o United States of America
o Canada
Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: www.gmiresearch.com
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Gmiresearch
posted a blog.
Cloud Billing Market
Cloud Billing Market was estimated at USD 2,517 Million in 2019 and is predicted to witness a CAGR of 16% over the forecast period, owing to the rising adoption of cloud computing. Cloud billing solutions offer safe services, cost advantages, scalability, and operational efficiency.
Request For a FREE Sample Report on Cloud Billing Market
Cloud billing solutions tracks third-party billing, reduces services costs and licensing costs, better mobility, extensibility, and enhanced customer relationships. As per the Software Alliance, the BSA, and a member of the International Intellectual Property Alliance, cloud computing is projected to witness 60 percent increase through 2020. This is likely to offer huge opportunities to the market. Growing demand for cloud and web-driven network software and solution, growing demand for converging billing solutions has propelled the market share. However, the huge installation cost and expensive maintenance might hamper the cloud billing market size.
By deployment, the public cloud is predicted to expand at a faster CAGR over the forecast period owing to its easy usage, lower initial investment, and easy availability over the internet.
By end-use industry, the retail segment is predicted to hold a larger share over the forecast period, owing to the rising sales of pay as you consumer services, expansion across e-commerce platforms, and rising digital platforms such as invoices and bills.
By region, Asia Pacific is forecast to witness a promising growth during the forecast period, due to the growing demand for cloud-based solutions among retail, healthcare, and telecommunication industries.
Prominent Cloud Billing companies in the market include SAP SE, Telefonaktiebolaget LM Ericsson, Zuora Inc., Microsoft Corporation, Oracle Corporation, Salesforce.com, Inc., Recurly, Inc., Jamcracker, Inc., BillingPlatform, and Aria Systems, Inc. among others.
Cloud Billing Market Segmentation:
Cloud Billing Market by Deployment
Public Cloud
Private Cloud
Hybrid Cloud
Cloud Billing Market by Component
Platform
Services
Cloud Billing Market by End-Use Industry
Retail
Power & Energy
Healthcare
Telecommunications
BFSI
Others
Cloud Billing Market by Region:
Asia Pacific
o China
o Japan
o India
o Rest of APAC
North America
o United States of America
o Canada
Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media ContactCompany Name: GMI RESEARCHContact Person: Sarah NashEmail: enquiry@gmiresearch.comPhone: Europe – +353 1 442 8820; US – +1 860 881 2270Address: Dublin, IrelandWebsite: www.gmiresearch.com
Gmiresearch
posted a blog.
Singapore Cloud Computing Market
Singapore Cloud Computing Market size is anticipated to expand at a promising rate over the forecast period, due to the growing initiatives by the government and policies to encourage the use of public cloud systems.
Request For a FREE Sample Report on Singapore Cloud Computing Market
Rising deployment of cloud computing solutions across media & entertainment and BFSI industry and increasing digitalization has propelled the Singapore cloud computing market growth. Also, intensified initiatives by government intending to digitalize the nation and incorporate smart technologies will positively impact the market growth. Huge amount of data produced through smart devices such as tablets and smartphones will propel the market growth. Government in 2020 with an intent to invest USD 719 million to enhance cyber and data safety. It has necessitated the government to choose advanced technologies such as cloud, AI, and the Internet of Things. However, the rising incidences of cyberattacks has hampered the market growth. Increasing investment by the leading players to expand the hyper scale cloud platforms has propelled the market. Amazon Web Services (AWS) decided to enlarge their Singapore cloud location by launching the third availability zone (AZ).
Key players operating in the market include Microsoft Corporation, IBM, SAP SE, Oracle, Salesforce.com, Inc., Amazon Web Services, Inc., Alibaba Cloud, Google LLC, VMware, Inc., Fujitsu, among others.
Key Developments:
In 2019, VMware, Inc., partnered with Amazon Web Services (AWS), to capitalise with its enterprise-class software-defined data centers on the AWS Cloud in Singapore.
In 2016, Alibaba Cloud decided to extend Singapore Data center by the introduction of second availability zone. The company decided to attain two certifications overseas – Singapore Multi-Tier Cloud Security (MTCS) standard level 3 and the Payment Card Industry Data Security Standard (PCI-DSS).
Singapore Cloud Computing Market Segmentation:
Singapore Cloud Computing Market by Service Model
Infrastructure as a Service
Platform as a Service
Software as a Service
Singapore Cloud Computing Market by Organisation Size
Small and Medium-Sized Enterprises
Large Enterprises
Singapore Cloud Computing Market by Workload
Storage, Backup, and Disaster Recovery
Application Development and Testing
Database Management
Business Analytics
Integration and Orchestration
Enterprise Resource Management
Collaboration and Content Management
Singapore Cloud Computing Market by Industry Vertica
Banking, Financial Services and Insurance
IT and Telecommunications
Government and Public Sector
Retail and Consumer Goods
Manufacturing
Energy and Utilities
Media and Entertainment
Healthcare and Life Sciences
Others
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
Gmiresearch
posted a blog.
Electric Traction Motor Market
Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive.
Request For a FREE Sample Report on Electric Traction Motor Market
Increasing investment in railway industry, surging demand for high-speed automotives, and favourable government norms are some major factors fueling the electric traction motor market. Also, electric traction motor helps reduces electric usage, maintenance, and offers higher efficiency, which will further strengthen the market growth. Other factors which include ongoing technological improvements led by the rising research and development activities to establish effective electric traction motor will positively impact the market growth. However, as per the Electric Traction Motor Market Global Forecast, the high production and designing cost and concern about overheating might hamper the market growth.
By type, the AC Electric Traction Motor is anticipated to expand at a faster CAGR during the forecast period because of the better efficiency, more dependence, and less maintenance need. Thus, this has increased the adoption of AC electric traction motor in comparison to the DC electric traction motors, thereby bolstering the segment’s growth.
By application, the Railways segment will hold a larger share over the forecast period as electric traction motors in railways improve the efficiency of the railway systems and enables a smooth start without shocks and prevent the chances of overload. Also, the increasing automation in the rail routes and establishment of the railroad technologies have fueled the Electric Traction Motor Market size.
By region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the growing deployment of electric vehicles guided by the rising concerns about the carbon emissions. In addition, the Electric Traction Motor Market analysis asserts that the proliferation in the metro rail network, rapid urbanization, and growing emphasis on automation are some other factors bolstering the regional growth.
Key players operating in the market include ABB, American Traction Systems, Robert Bosch GmbH, AMETEK, Inc., GE, CRRC Corporation Limited, Hitachi, Ltd., CG Power and Industrial Solutions Limited, Johnson Electric and Nidec Corporation among others.
Key Market Developments:
In 2020, Nidec Corporation introduced two traction motor systems called 200 kW Ni200Ex and 50 kW Ni50Ex. These motor systems are incorporated in portfolio for the electric vehicles and depend upon company’s original 150 kW E-Axle, which is the first entirely integrated traction motor system.
Request For a FREE Sample Report on
In 2019, CG Power and Industrial Solutions Limited became a part of electric vehicle segment by designing & developing an EV motor for a 12-meter passenger bus.
Electric Traction Motor Market Segmentation:
Electric Traction Motor Market by Type
DC Electric Traction Motor
AC Electric Traction Motor
Electric Traction Motor Market by Power Rating
<200 KW
200-400 KW
>400 KW
Electric Traction Motor Market by Application
Electric Vehicles
Hybrid Electric Vehicles
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Vehicles
Railway
Others
Electric Traction Motor Market by Region:
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
Gmiresearch
posted a blog.
Electric Traction Motor Market
Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive.
Request For a FREE Sample Report on Electric Traction Motor Market
Increasing investment in railway industry, surging demand for high-speed automotives, and favourable government norms are some major factors fueling the electric traction motor market. Also, electric traction motor helps reduces electric usage, maintenance, and offers higher efficiency, which will further strengthen the market growth. Other factors which include ongoing technological improvements led by the rising research and development activities to establish effective electric traction motor will positively impact the market growth. However, as per the Electric Traction Motor Market Global Forecast, the high production and designing cost and concern about overheating might hamper the market growth.
By type, the AC Electric Traction Motor is anticipated to expand at a faster CAGR during the forecast period because of the better efficiency, more dependence, and less maintenance need. Thus, this has increased the adoption of AC electric traction motor in comparison to the DC electric traction motors, thereby bolstering the segment’s growth.
By application, the Railways segment will hold a larger share over the forecast period as electric traction motors in railways improve the efficiency of the railway systems and enables a smooth start without shocks and prevent the chances of overload. Also, the increasing automation in the rail routes and establishment of the railroad technologies have fueled the Electric Traction Motor Market size.
By region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the growing deployment of electric vehicles guided by the rising concerns about the carbon emissions. In addition, the Electric Traction Motor Market analysis asserts that the proliferation in the metro rail network, rapid urbanization, and growing emphasis on automation are some other factors bolstering the regional growth.
Key players operating in the market include ABB, American Traction Systems, Robert Bosch GmbH, AMETEK, Inc., GE, CRRC Corporation Limited, Hitachi, Ltd., CG Power and Industrial Solutions Limited, Johnson Electric and Nidec Corporation among others.
Key Market Developments:
In 2020, Nidec Corporation introduced two traction motor systems called 200 kW Ni200Ex and 50 kW Ni50Ex. These motor systems are incorporated in portfolio for the electric vehicles and depend upon company’s original 150 kW E-Axle, which is the first entirely integrated traction motor system.
Request For a FREE Sample Report on
In 2019, CG Power and Industrial Solutions Limited became a part of electric vehicle segment by designing & developing an EV motor for a 12-meter passenger bus.
Electric Traction Motor Market Segmentation:
Electric Traction Motor Market by Type
DC Electric Traction Motor
AC Electric Traction Motor
Electric Traction Motor Market by Power Rating
<200 KW
200-400 KW
>400 KW
Electric Traction Motor Market by Application
Electric Vehicles
Hybrid Electric Vehicles
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Vehicles
Railway
Others
Electric Traction Motor Market by Region:
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
Gmiresearch
posted a blog.
Electric Traction Motor Market
Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive.
Request For a FREE Sample Report on Electric Traction Motor Market
Increasing investment in railway industry, surging demand for high-speed automotives, and favourable government norms are some major factors fueling the electric traction motor market. Also, electric traction motor helps reduces electric usage, maintenance, and offers higher efficiency, which will further strengthen the market growth. Other factors which include ongoing technological improvements led by the rising research and development activities to establish effective electric traction motor will positively impact the market growth. However, as per the Electric Traction Motor Market Global Forecast, the high production and designing cost and concern about overheating might hamper the market growth.
By type, the AC Electric Traction Motor is anticipated to expand at a faster CAGR during the forecast period because of the better efficiency, more dependence, and less maintenance need. Thus, this has increased the adoption of AC electric traction motor in comparison to the DC electric traction motors, thereby bolstering the segment’s growth.
By application, the Railways segment will hold a larger share over the forecast period as electric traction motors in railways improve the efficiency of the railway systems and enables a smooth start without shocks and prevent the chances of overload. Also, the increasing automation in the rail routes and establishment of the railroad technologies have fueled the Electric Traction Motor Market size.
By region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the growing deployment of electric vehicles guided by the rising concerns about the carbon emissions. In addition, the Electric Traction Motor Market analysis asserts that the proliferation in the metro rail network, rapid urbanization, and growing emphasis on automation are some other factors bolstering the regional growth.
Key players operating in the market include ABB, American Traction Systems, Robert Bosch GmbH, AMETEK, Inc., GE, CRRC Corporation Limited, Hitachi, Ltd., CG Power and Industrial Solutions Limited, Johnson Electric and Nidec Corporation among others.
Key Market Developments:
In 2020, Nidec Corporation introduced two traction motor systems called 200 kW Ni200Ex and 50 kW Ni50Ex. These motor systems are incorporated in portfolio for the electric vehicles and depend upon company’s original 150 kW E-Axle, which is the first entirely integrated traction motor system.
Request For a FREE Sample Report on
In 2019, CG Power and Industrial Solutions Limited became a part of electric vehicle segment by designing & developing an EV motor for a 12-meter passenger bus.
Electric Traction Motor Market Segmentation:
Electric Traction Motor Market by Type
DC Electric Traction Motor
AC Electric Traction Motor
Electric Traction Motor Market by Power Rating
<200 KW
200-400 KW
>400 KW
Electric Traction Motor Market by Application
Electric Vehicles
Hybrid Electric Vehicles
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Vehicles
Railway
Others
Electric Traction Motor Market by Region:
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
Gmiresearch
posted a blog.
Electric Traction Motor Market
Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive.
Request For a FREE Sample Report on Electric Traction Motor Market
Increasing investment in railway industry, surging demand for high-speed automotives, and favourable government norms are some major factors fueling the electric traction motor market. Also, electric traction motor helps reduces electric usage, maintenance, and offers higher efficiency, which will further strengthen the market growth. Other factors which include ongoing technological improvements led by the rising research and development activities to establish effective electric traction motor will positively impact the market growth. However, as per the Electric Traction Motor Market Global Forecast, the high production and designing cost and concern about overheating might hamper the market growth.
By type, the AC Electric Traction Motor is anticipated to expand at a faster CAGR during the forecast period because of the better efficiency, more dependence, and less maintenance need. Thus, this has increased the adoption of AC electric traction motor in comparison to the DC electric traction motors, thereby bolstering the segment’s growth.
By application, the Railways segment will hold a larger share over the forecast period as electric traction motors in railways improve the efficiency of the railway systems and enables a smooth start without shocks and prevent the chances of overload. Also, the increasing automation in the rail routes and establishment of the railroad technologies have fueled the Electric Traction Motor Market size.
By region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the growing deployment of electric vehicles guided by the rising concerns about the carbon emissions. In addition, the Electric Traction Motor Market analysis asserts that the proliferation in the metro rail network, rapid urbanization, and growing emphasis on automation are some other factors bolstering the regional growth.
Key players operating in the market include ABB, American Traction Systems, Robert Bosch GmbH, AMETEK, Inc., GE, CRRC Corporation Limited, Hitachi, Ltd., CG Power and Industrial Solutions Limited, Johnson Electric and Nidec Corporation among others.
Key Market Developments:
In 2020, Nidec Corporation introduced two traction motor systems called 200 kW Ni200Ex and 50 kW Ni50Ex. These motor systems are incorporated in portfolio for the electric vehicles and depend upon company’s original 150 kW E-Axle, which is the first entirely integrated traction motor system.
Request For a FREE Sample Report on
In 2019, CG Power and Industrial Solutions Limited became a part of electric vehicle segment by designing & developing an EV motor for a 12-meter passenger bus.
Electric Traction Motor Market Segmentation:
Electric Traction Motor Market by Type
DC Electric Traction Motor
AC Electric Traction Motor
Electric Traction Motor Market by Power Rating
<200 KW
200-400 KW
>400 KW
Electric Traction Motor Market by Application
Electric Vehicles
Hybrid Electric Vehicles
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Vehicles
Railway
Others
Electric Traction Motor Market by Region:
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
Gmiresearch
posted a blog.
Electric Traction Motor Market
Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive.
Request For a FREE Sample Report on Electric Traction Motor Market
Increasing investment in railway industry, surging demand for high-speed automotives, and favourable government norms are some major factors fueling the electric traction motor market. Also, electric traction motor helps reduces electric usage, maintenance, and offers higher efficiency, which will further strengthen the market growth. Other factors which include ongoing technological improvements led by the rising research and development activities to establish effective electric traction motor will positively impact the market growth. However, as per the Electric Traction Motor Market Global Forecast, the high production and designing cost and concern about overheating might hamper the market growth.
By type, the AC Electric Traction Motor is anticipated to expand at a faster CAGR during the forecast period because of the better efficiency, more dependence, and less maintenance need. Thus, this has increased the adoption of AC electric traction motor in comparison to the DC electric traction motors, thereby bolstering the segment’s growth.
By application, the Railways segment will hold a larger share over the forecast period as electric traction motors in railways improve the efficiency of the railway systems and enables a smooth start without shocks and prevent the chances of overload. Also, the increasing automation in the rail routes and establishment of the railroad technologies have fueled the Electric Traction Motor Market size.
By region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the growing deployment of electric vehicles guided by the rising concerns about the carbon emissions. In addition, the Electric Traction Motor Market analysis asserts that the proliferation in the metro rail network, rapid urbanization, and growing emphasis on automation are some other factors bolstering the regional growth.
Key players operating in the market include ABB, American Traction Systems, Robert Bosch GmbH, AMETEK, Inc., GE, CRRC Corporation Limited, Hitachi, Ltd., CG Power and Industrial Solutions Limited, Johnson Electric and Nidec Corporation among others.
Key Market Developments:
In 2020, Nidec Corporation introduced two traction motor systems called 200 kW Ni200Ex and 50 kW Ni50Ex. These motor systems are incorporated in portfolio for the electric vehicles and depend upon company’s original 150 kW E-Axle, which is the first entirely integrated traction motor system.
Request For a FREE Sample Report on
In 2019, CG Power and Industrial Solutions Limited became a part of electric vehicle segment by designing & developing an EV motor for a 12-meter passenger bus.
Electric Traction Motor Market Segmentation:
Electric Traction Motor Market by Type
DC Electric Traction Motor
AC Electric Traction Motor
Electric Traction Motor Market by Power Rating
<200 KW
200-400 KW
>400 KW
Electric Traction Motor Market by Application
Electric Vehicles
Hybrid Electric Vehicles
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Vehicles
Railway
Others
Electric Traction Motor Market by Region:
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
Gmiresearch
posted a blog.
Electric Traction Motor Market
Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive.
Request For a FREE Sample Report on Electric Traction Motor Market
Increasing investment in railway industry, surging demand for high-speed automotives, and favourable government norms are some major factors fueling the electric traction motor market. Also, electric traction motor helps reduces electric usage, maintenance, and offers higher efficiency, which will further strengthen the market growth. Other factors which include ongoing technological improvements led by the rising research and development activities to establish effective electric traction motor will positively impact the market growth. However, as per the Electric Traction Motor Market Global Forecast, the high production and designing cost and concern about overheating might hamper the market growth.
By type, the AC Electric Traction Motor is anticipated to expand at a faster CAGR during the forecast period because of the better efficiency, more dependence, and less maintenance need. Thus, this has increased the adoption of AC electric traction motor in comparison to the DC electric traction motors, thereby bolstering the segment’s growth.
By application, the Railways segment will hold a larger share over the forecast period as electric traction motors in railways improve the efficiency of the railway systems and enables a smooth start without shocks and prevent the chances of overload. Also, the increasing automation in the rail routes and establishment of the railroad technologies have fueled the Electric Traction Motor Market size.
By region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the growing deployment of electric vehicles guided by the rising concerns about the carbon emissions. In addition, the Electric Traction Motor Market analysis asserts that the proliferation in the metro rail network, rapid urbanization, and growing emphasis on automation are some other factors bolstering the regional growth.
Key players operating in the market include ABB, American Traction Systems, Robert Bosch GmbH, AMETEK, Inc., GE, CRRC Corporation Limited, Hitachi, Ltd., CG Power and Industrial Solutions Limited, Johnson Electric and Nidec Corporation among others.
Key Market Developments:
In 2020, Nidec Corporation introduced two traction motor systems called 200 kW Ni200Ex and 50 kW Ni50Ex. These motor systems are incorporated in portfolio for the electric vehicles and depend upon company’s original 150 kW E-Axle, which is the first entirely integrated traction motor system.
Request For a FREE Sample Report on
In 2019, CG Power and Industrial Solutions Limited became a part of electric vehicle segment by designing & developing an EV motor for a 12-meter passenger bus.
Electric Traction Motor Market Segmentation:
Electric Traction Motor Market by Type
DC Electric Traction Motor
AC Electric Traction Motor
Electric Traction Motor Market by Power Rating
<200 KW
200-400 KW
>400 KW
Electric Traction Motor Market by Application
Electric Vehicles
Hybrid Electric Vehicles
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Vehicles
Railway
Others
Electric Traction Motor Market by Region:
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
Gmiresearch
posted a blog.
Electric Traction Motor Market
Electric Traction Motor Market attained a value of USD 11,317 million in 2019 and is forecast to increase at a CAGR of 20% over the forecast period. An electric traction motor is commonly used in electric vehicles and helps convert electric energy into mechanical for propulsion of automotive.
Request For a FREE Sample Report on Electric Traction Motor Market
Increasing investment in railway industry, surging demand for high-speed automotives, and favourable government norms are some major factors fueling the electric traction motor market. Also, electric traction motor helps reduces electric usage, maintenance, and offers higher efficiency, which will further strengthen the market growth. Other factors which include ongoing technological improvements led by the rising research and development activities to establish effective electric traction motor will positively impact the market growth. However, as per the Electric Traction Motor Market Global Forecast, the high production and designing cost and concern about overheating might hamper the market growth.
By type, the AC Electric Traction Motor is anticipated to expand at a faster CAGR during the forecast period because of the better efficiency, more dependence, and less maintenance need. Thus, this has increased the adoption of AC electric traction motor in comparison to the DC electric traction motors, thereby bolstering the segment’s growth.
By application, the Railways segment will hold a larger share over the forecast period as electric traction motors in railways improve the efficiency of the railway systems and enables a smooth start without shocks and prevent the chances of overload. Also, the increasing automation in the rail routes and establishment of the railroad technologies have fueled the Electric Traction Motor Market size.
By region, Asia-Pacific is anticipated to dominate the market during the forecast period owing to the growing deployment of electric vehicles guided by the rising concerns about the carbon emissions. In addition, the Electric Traction Motor Market analysis asserts that the proliferation in the metro rail network, rapid urbanization, and growing emphasis on automation are some other factors bolstering the regional growth.
Key players operating in the market include ABB, American Traction Systems, Robert Bosch GmbH, AMETEK, Inc., GE, CRRC Corporation Limited, Hitachi, Ltd., CG Power and Industrial Solutions Limited, Johnson Electric and Nidec Corporation among others.
Key Market Developments:
In 2020, Nidec Corporation introduced two traction motor systems called 200 kW Ni200Ex and 50 kW Ni50Ex. These motor systems are incorporated in portfolio for the electric vehicles and depend upon company’s original 150 kW E-Axle, which is the first entirely integrated traction motor system.
Request For a FREE Sample Report on
In 2019, CG Power and Industrial Solutions Limited became a part of electric vehicle segment by designing & developing an EV motor for a 12-meter passenger bus.
Electric Traction Motor Market Segmentation:
Electric Traction Motor Market by Type
DC Electric Traction Motor
AC Electric Traction Motor
Electric Traction Motor Market by Power Rating
<200 KW
200-400 KW
>400 KW
Electric Traction Motor Market by Application
Electric Vehicles
Hybrid Electric Vehicles
Battery Electric Vehicles
Plug-in Hybrid Electric Vehicles
Fuel Cell Vehicles
Railway
Others
Electric Traction Motor Market by Region:
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
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