-- According to a new market research report published by Credence Research “Global Electric Traction Motor Market– Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall electric traction motor market worldwide was valued at US$12.9 Bn in 2018 and is set to grow with a CAGR of 19.2% during the forecast period.
The electric traction motor is driven by factors such as high adoption of traction motors in the locomotives. The electric traction motors play an important role in the locomotive. They provide energy efficiency to the electric power rail vehicles. Additionally, the rising investments in the railway's sectors and the digitalization in these sectors are fueling the growth of the electric traction motor market. On the other hand, the fluctuations in the raw material prices are expected to restrain market growth.
Browse the full report at https://www.credenceresearch.com/report/electric-traction-motor-market
The ongoing technological developments in the electric motors promoting its adoption in the battery-electric and the hybrid vehicles. The growing demand for the energy-efficient motors in the automotive is anticipated to boost the demand of the electric traction motor market in the near future. Furthermore, the key players in the electric traction motor are more focused on the development of new advanced and efficient products. For instance, in 2017, the Hyundai Rotem the Korean manufactures launched class 220 insulated heat-resistant electric traction motor to fulfill the growing demand for motors that are useful to operate in high temperatures in various industries.
The global electric traction motor market is categorized into types, power ration, and the end-users. Based on the end-users, the market is further bifurcated into railways and the electric vehicles. The traction motors used across several railways applications including locomotive, railroad cars, rapid transit vehicles, and others. The electrification of railways is the key factors that drive the growth of electric traction market in the railways. The growing awareness about the emission control and strict government regulation are promoting the growth of traction motors in the railway's applications.
Regionally, North America dominates the electric traction motors market followed by Europe. The U.S. holds the largest market shares in the electric traction motor market in the North America region. Enhancements in the railway's infrastructure and the technological advancements in the traction motors are primarily driving the growth electric traction motor market in the North American region. Growing investments in railway technologies in Europe is contributing to the growth of the market. Furthermore, Asia Pacific is the fastest-growing region in the traction motor market owing to the growing investments in the railway sectors and rapidly growing adoption of electric vehicles
Some of the prominent players operating in the Electric Traction Motor market include Siemens Corp., General Electric, Skoda Electric, ABB, Weg SA, Toshiba Corporation, Benchmarking, CG Power, Traktionssysteme Austria GmbH, Alstom SA, Robert Bosch GmbH and others.
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Report Scope by Segments
By Types Segment (2017–2027; US$ Bn)
AC Motor
DC Motor
By Power Rating Segment (2017–2027; US$ Bn)
Less than 150 kW
150 kW to 300 kW
Greater than 300 kW
By End-Users (2017–2027; US$ Bn)
Railway
Electric Vehicles
ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II-Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
...........
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Electric Traction Motor Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key Electric Traction Motor Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players
Chapter 4 Global Electric Traction Motor Market Analysis, by Type, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 AC Motor
4.3 DC Motor
Chapter 5 Global Electric Traction Motor Market Analysis, by Power Rating, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Less than 150 kW
5.3 150 kW to 300 kW
5.4 Greater than 300 kW
Chapter 6 Global Electric Traction Motor Market Analysis, by End-Users, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Railway
6.3 Electric Vehicles
Chapter 7 North America Electric Traction Motor Market Analysis, 2017 – 2027 (US$ Bn)
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Chapter 8 Europe Electric Traction Motor Market Analysis, 2017 – 2027 (US$ Bn)
............
Chapter 9 Asia Pacific Electric Traction Motor Market Analysis, 2017 – 2027 (US$ Bn)
............
Chapter 10 Rest of the World (RoW) Electric Traction Motor Market Analysis, 2017 – 2027 (US$ Bn)
..............
Chapter 11 Company Profiles
11.1 Siemens Corp.
11.2 General Electric
11.3 Skoda Electric
11.4 ABB
11.5 Weg SA
11.6 Toshiba Corporation
11.7 Benchmarking
11.8 CG Power
11.9 Traktionssysteme Austria GmbH
11.10 Alstom SA
11.11 Robert Bosch GmbH
.................toc continued
Browse the full report at https://www.credenceresearch.com/report/electric-traction-motor-market
Key questions answered in this report
What was the market size of electric traction motor in 2018 and forecast up to 2027?
Which is the largest regional market for Railways electric traction motor applications?
What are the major trends followed in electric traction motor market across different regions?
Who are the key Electric Traction Motor companies leading the market?
What are the key strategies adopted by the leading electric traction motor companies in market?
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