According to a new report by Polaris Market Research, the global electric traction motor market was valued at USD 17.12 billion in 2025 and is projected to reach USD 48.50 billion by 2034, expanding at a CAGR of 12.30% from 2026 to 2034. Growth is underpinned by rising electric vehicle adoption, expanding railway electrification, and accelerating technological innovation in motor...