Electric Traction Motor Market May Reach to $22.2 billion by 2027 at CAGR of 12.6%
The global electric traction motor market is projected to reach USD 22.2 billion by 2027 from an estimated market size of USD 12.3 billion in 2022, at a CAGR of 12.6% during the forecast period. The increase in demand for high-performance motors, favorable government policies …