Railway Traction Motors Market was USD 24.95 billion in 2018 and is estimated to reach USD 31.55 billion by 2025 at a CAGR of 3.41 % during the forecast period
Railway Traction Motors Market 2020 global research report forecast to 2025 provides a current scenario of the Railway Traction Motors industry size, share, growth, trends, value chain structure, cost analysis, Railway Traction Motors key manufacture profile and geographical segmentation of each region. The Railway Traction Motors report also calculates product specifications, historical data, expert opinions and global development across the globe.
GlobalRailway Traction Motors Market2020 Report provides you with detailed information about market status, growth rate, future trends, opportunities, market drivers, risks and challenges, sales channels, key players, market conditions and circumstances.
The traction motor is an electric motor that acts as a propulsion device for a vehicle generating rotational torque on a machine. They are used in electrically powered rail vehicles and other electric vehicles including, elevators, electric milk float, and trolleybuses. Railway traction motors are used in Electrical Multiple Units (EMUs), Diesel locomotives, electric locomotives, diesel-electric locomotives, and hybrid electric locomotives. Demand ScenarioThe global railway traction motor market was USD 24.95 billion in 2018 and is estimated to reach USD 31.55 billion by 2025 at a CAGR of 3.41% during the forecast period growth by Region Europe is the market leader in 2018, because of the increasing demand for electrification of automobiles. Its dominance will continue to lead during the forecast period owing to huge investments in advanced railway technologies by European nations. The Asia Pacific follows Europe with China to be a growing prospect due to the rising demand for high-speed railways. Market advancement in North America can be attributed to improving railway infrastructure in the US, growing demand for freight trains and urban transportation systems in Brazil contributes towards growth in Latin America. Drivers vs ConstraintsSome of the primary factors driving the market growth of global railway traction motors include increasing electrification of automobiles, rising need for efficient power consumption and emphasis on improving performance. The use of traction motors in railway engines, low manufacturing and maintenance costs coupled with low emission of greenhouse gases are some of the other factors that increase the market growth. The technological advancements in the railroad sector, as well as the ongoing RandD, are paving the path for future growth for traction motors. Some of the constraints that dampen the future prospects include the high initial cost of railway traction and the continuing increase in its price, as well as overheating of traction motors can hinder the growth of the market. Industry Trends and UpdatesBHEL’s state of the art Insulated Gate Bipolar Transistors (IGBT) based 3-phase drive propulsion equipment was installed in India’s first-ever AC EMU train for Mumbai which started its service in JAN4 2017. Alstom, another leading player, has incorporated in its recent contracts the use of silicon carbide power components for auxiliaries and traction converters. Its advantages being improved energy consumption, better reliability and lower maintenance costs. Siemens and Alstom signed an MoU on 26th September 2017 to collaborate with their businesses. Siemens’ mobility business including its rail traction drives business is combining with Alstom.
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Railway Traction Motors Market Overview:
The study shown in the Railway Traction Motors market report is compiled on the basis of past, present and upcoming opportunities, innovations and trends. In addition to it, with the SWOT analysis of the Railway Traction Motors industry, this report has a detailed market analysis describing every major player of the process.
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Railway Traction Motors Market TOC Covers the Following Points:
Railway Traction Motors Market TOC Covers the Following Points:
1.2 Scope of Study
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS and LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 Primary Research
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.1.1 GROWING Demand for newly developed Railway Traction Motors
3.1.2 Growing trend of Outsourcing
3.1.3 Growing Railway Traction Motors Industry in developing nations
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 Porters Five forces Model
4.2 Bargaining power of suppliers
4.3 BARGAINING POWER OF BUYERS
4.4 THREAT OF NEW ENTRANTS
4.5 Threat of Substitutes
4.6 Intensity of Rivalry
5 global Railway Traction Motors market, by Type
6 global Railway Traction Motors market, By Application
7 global Railway Traction Motors market, By Manufacturing Methods
7.1 In-House Manufacturing
7.2 Contract Manufacturing
8 Global Railway Traction Motors market, by region
8.1 North America
8.4 Middle East and Africa
9 Competitive landscape
9.1 Major Strategies adopted by market players
9.1.1 STRATEGIC PARTNERSHIP
9.1.2 Merger and Acquisition
10 company profile
10.1 Company 1
10.1.2 Product Overview
10.1.4 Key Developments
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The primary research for Railway Traction Motors Market Report 2019-2024 was conducted with the express purpose of collecting first-hand data from verified entities in the Railway Traction Motors industry. Our research analysts and data scientists surveyed various enablers at different levels of the supply and demand chain. From the supply chain of the Railway Traction Motors industry, we collected objective data from manufacturers and their vendors, and also distributors and point of sale for different markets.
In this report, you will find a comprehensive database of information on the Railway Traction Motors industry collected from databases and regulatory bodies in the Railway Traction Motors domain. This report includes articles by well-known authors and certified publications. Verified and comprehensive Also, white papers and investor presentations have contributed to this report. Our research analysts and data scientists have taken special interest to offer a broad library of data of the Railway Traction Motors industry.
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This report includes useful data from 2020 to 2024 which covers the regional analysis of areas such as:
- North America (the USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia etc.)
- The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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