Electric Traction Motor Market Market Set to Exceed USD 31.5 billion by 2026 | CAGR: 16.7%
Forecast to 2020
Electric Traction Motor Market Size is Estimated to reach USD 31.5 billion by 2026
“Electric Traction Motor Market [By Product Type (DC and AC Traction Motors), By Power Ratings (>400 kW, 200kW to 400 kW, <200 kW), By Application Type (Railways, Electric Vehicles, Conveyors, Industrial Machinery, Elevators); By Regions]: Market size & Forecast, 2018 – 2026” The global electric traction motors market is anticipated to reach USD 31.5 billion by 2026 according to a new study published by Polaris Market Research. Electric traction motors are the most common means for powering locomotive engines in the currently developed railway industry, but with the growing need for sustainable use of energy, the advent of the application of traction motors has added to an efficient use and distribution of energy in the industry. Electric traction motors are widely being used across several geographies particularly for the routes with dense traffic such as the suburban and urban railways or the long distance high speed lines that require electric traction to obtain the speeds required for inter-city travel. This equipment cut down energy losses to an estimated figure of approximately 15% with an assumption of energy at wheel of 100%. With application of new traction chain, energy inputs in locomotives decrease from 167% to around 143% under the similar assumptions. Application of electric traction motors in railway engines result in cut in energy loss wherein for transformers it reduces from 10.3% to 7%, converters from 18.1% to 4.7%, gearbox and motor from 18.2% to 12.2%, vehicle parking 7.6% 8.4% (higher percentage value due to reduced total loses) and power house & auxiliary systems from 12.4% to 9.9%. DC traction motors were conventionally the moist used types on both electric and diesel-electric rolling stock, however the contemporary power electronics has enabled application of AC motors. For most of the new engines built today, AC motor is the most preferred type. AC motors have certain advantages such as its simple for manufacturing as this type requires no mechanical contracts for its functioning, lighter compared to DC motors for equivalent amount of power. Use of modern and advanced electronics allows the AC units to be controlled efficiently to improve traction and adhesion. It can be controlled with microprocessors to a specific degree which also helps in regenerating current down to almost a stop whereas DC regeneration fades quickly at low speeds. Moreover, AC motors are more robust and easier to maintain than DC motors. These products are also being used in electric vehicles, conveyors and industrial machinery in the present industry space. It automobiles too, more than DC the AC motors has the larger share of application. Browse Detailed Research Report On Electric Traction Motor Market: https://www.polarismarketresearch.com/industry-analysis/electric-traction-motor-market
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Electric Traction Motor Market Size is Estimated to reach USD 31.5 billion by 2026
Asia Pacific region is expected to be the fastest growing market for production of electric traction motors over the forecast period from 2018 to 2026. Development of the industrial equipment manufacturing industry in India, Japan and especially China with its massive domestic demand figures is the major driving factors for the regions fast increasing consumption of these products in the railway engine manufacturing industry. The worldwide demand for freight and passenger rail equipment including its infrastructure and related services in 2016 was estimated USD 214 billion in 2016. The increasing network of railways globally is a major factor to contribute to the increasing demand of rail equipment including the electric traction motors. The Western Europe has been dominating the global market for production of these products and also in terms of exports, followed by the Asia Pacific and the U.S. in the third position. But the increasing subways and urban light railway systems and yearly increasing investment in intercity highspeed rail lines in Asia Pacific countries due to need from its growing population, manufacturing industry of these products in the region is likely to witness the fastest growth in the next eight years.
Some of the leading industry participants include Weg Sa, Toshiba, Skoda Electric, NIDE, General Electric (GE), CG Power, Bosch, Siemen, Traktionssysteme Austria, Alsto and Crr. Request for sample: https://www.polarismarketresearch.com/industry-analysis/electrictraction-motor-market/request-for-sample
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Electric Traction Motor Market Size is Estimated to reach USD 31.5 billion by 2026
Table of Contents 1. Overview and Scope 1.1. Research goal & scope 1.2. Research assumptions 1.3. Research Methodology 1.3.1. Primary data sources 1.4. Secondary data sources 1.5. Key take-away 1.6. Stakeholders 2. Executive Summary 2.1. Market Definition 2.2. Market Segmentation 3. Electric Traction Motor Market Insights 3.1. Electric Traction Motor industry snapshot 3.2. Electric Traction Motor technology outlook 3.3. Electric Traction Motor market dynamics 3.3.1. Electric Traction Motor Market driver analysis 3.3.2. Electric Traction Motor Market restraint/challenges analysis 3.3.3. Electric Traction Motor Market opportunity analysis 3.4. Industry analysis - Porter's five force 3.4.1. Bargaining power of supplier 3.4.2. Bargaining power of buyer 3.4.3. Threat of substitute 3.4.4. Threat of new entrant 3.4.5. Degree of competition 3.5. Electric Traction Motor market PEST analysis, 2017 3.6. Electric Traction Motor industry trends 3.7. Competitive company ranking analysis 4. Electric Traction Motor Market Size and Forecast by Product Type 4.1. Key Findings 4.2. DC Traction Motors 4.2.1. Global Market Estimates and Forecasts, 2017-2026 4.3. AC Traction Motors 4.3.1. Global Market Estimates and Forecasts, 2017-2026 5. Electric Traction Motor Market Size and Forecast by Power Ratings 5.1. Key Findings 5.2. >400 kW 5.2.1. Global Market Estimates and Forecasts, 2017-2026 5.3. 200 kW to 400 kW 5.3.1. Global Market Estimates and Forecasts, 2017-2026 5.4. <200 kW 5.4.1. Global Market Estimates and Forecasts, 2017-2026 6. Electric Traction Motor Market Size and Forecast by Application 6.1. Key Findings 6.2. Railway 6.2.1. Global Market Estimates and Forecasts, 2017-2026 6.2.2. Engine Type 6.2.2.1. Global Market Estimates and Forecasts, 2017-2026 -4-
Electric Traction Motor Market Size is Estimated to reach USD 31.5 billion by 2026
6.2.2.2. Electric Engines 6.2.2.2.1. Global Market Estimates and Forecasts, 2017-2026 6.2.2.3. Diesel Engines 6.2.2.3.1. Global Market Estimates and Forecasts, 2017-2026 6.2.2.4. Diesel-Electric Engines 6.2.2.4.1. Global Market Estimates and Forecasts, 2017-2026 6.2.3. Rapid Transit Vehicles 6.2.3.1. Global Market Estimates and Forecasts, 2017-2026 6.2.3.2. Electric Multiple Units 6.2.3.2.1. Global Market Estimates and Forecasts, 2017-2026 6.2.3.3. Diesel Multiple Units 6.2.3.3.1. Global Market Estimates and Forecasts, 2017-2026 6.2.3.4. Light Rail Vehicles 6.2.3.4.1. Global Market Estimates and Forecasts, 2017-2026 6.2.4. Railroad Cars 6.2.4.1. Global Market Estimates and Forecasts, 2017-2026 6.2.4.2. Freight Wagons 6.2.4.2.1. Global Market Estimates and Forecasts, 2017-2026 6.2.4.3. Passenger Coaches 6.2.4.3.1. Global Market Estimates and Forecasts, 2017-2026 6.3. Electric Vehicles 6.3.1. Global Market Estimates and Forecasts, 2017-2026 6.3.2. Battery Electric Vehicles 6.3.2.1. Global Market Estimates and Forecasts, 2017-2026 6.3.3. Hybrid Electric Vehicles 6.3.3.1. Global Market Estimates and Forecasts, 2017-2026 6.3.4. Plug-In Hybrid Vehicles 6.3.4.1. Global Market Estimates and Forecasts, 2017-2026 6.3.5. Fuel Cell Vehicles 6.3.5.1. Global Market Estimates and Forecasts, 2017-2026 6.4. Other Application Segments (including Conveyors, Industrial Machinery, Elevators) 6.4.1. Global Market Estimates and Forecasts, 2017-2026 7. Electric Traction Motor Market Size and Forecast by Regions 7.1. Key findings 7.2. North America 7.2.1. Electric traction motor market by product type, 2017 - 2026 7.2.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.2.3. Electric Traction Motor market by application type, 2017 - 2026 7.2.4. U.S. 7.2.4.1. Electric Traction Motor market by product type, 2017 - 2026 7.2.4.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.2.4.3. Electric Traction Motor market by application type, 2017 - 2026 7.2.5. Canada 7.2.5.1. Electric Traction Motor market by product type, 2017 - 2026 7.2.5.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.2.5.3. Electric Traction Motor market by application type, 2017 - 2026 7.3. Europe 7.3.1. Electric Traction Motor market by product type, 2017 - 2026 7.3.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.3.3. Electric Traction Motor market by application type, 2017 - 2026 -5-
Electric Traction Motor Market Size is Estimated to reach USD 31.5 billion by 2026
7.3.4. Germany 7.3.4.1. Electric Traction Motor market by product type, 2017 - 2026 7.3.4.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.3.4.3. Electric Traction Motor market by application type, 2017 - 2026 7.3.5. UK 7.3.5.1. Electric Traction Motor market by product type, 2017 - 2026 7.3.5.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.3.5.3. Electric Traction Motor market by application type, 2017 - 2026 7.3.6. France 7.3.6.1. Electric Traction Motor market by product type, 2017 - 2026 7.3.6.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.3.6.3. Electric Traction Motor market by application type, 2017 - 2026 7.4. Asia Pacific 7.4.1. Electric Traction Motor market by product type, 2017 - 2026 7.4.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.4.3. Electric Traction Motor market by application type, 2017 - 2026 7.4.4. China 7.4.4.1. Electric Traction Motor market by product type, 2017 - 2026 7.4.4.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.4.4.3. Electric Traction Motor market by application type, 2017 - 2026 7.4.5. India 7.4.5.1. Electric Traction Motor market by product type, 2017 - 2026 7.4.5.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.4.5.3. Electric Traction Motor market by application type, 2017 - 2026 7.4.6. Japan 7.4.6.1. Electric Traction Motor market by product type, 2017 - 2026 7.4.6.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.4.6.3. Electric Traction Motor market by application type, 2017 - 2026 7.5. Latin America 7.5.1. Electric Traction Motor market by product type, 2017 - 2026 7.5.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.5.3. Electric Traction Motor market by application type, 2017 - 2026 7.5.4. Brazil 7.5.4.1. Electric Traction Motor market by product type, 2017 - 2026 7.5.4.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.5.4.3. Electric Traction Motor market by application type, 2017 - 2026 7.5.5. Mexico 7.5.5.1. Electric Traction Motor market by product type, 2017 - 2026 7.5.5.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.5.5.3. Electric Traction Motor market by application type, 2017 - 2026 7.6. Middle East & Africa 7.6.1. Electric Traction Motor market by product type, 2017 - 2026 7.6.2. Electric Traction Motor market by power rating type, 2017 - 2026 7.6.3. Electric Traction Motor market by application type, 2017 - 2026 8. Company Profiles 8.1. Skoda Electric 8.1.1. Overview 8.1.2. Financials 8.1.3. Product Benchmarking 8.1.4. Recent Developments -6-
Electric Traction Motor Market Size is Estimated to reach USD 31.5 billion by 2026
8.2. NIDEC 8.2.1. Overview 8.2.2. Financials 8.2.3. Product Benchmarking 8.2.4. Recent Developments 8.3. Toshiba 8.3.1. Overview 8.3.2. Financials 8.3.3. Product Benchmarking 8.3.4. Recent Developments 8.4. Crrc 8.4.1. Overview 8.4.2. Financials 8.4.3. Product Benchmarking 8.4.4. Recent Developments 8.5. Traktionssysteme Austria 8.5.1. Overview 8.5.2. Financials 8.5.3. Product Benchmarking 8.5.4. Recent Developments 8.6. Alstom 8.6.1. Overview 8.6.2. Financials 8.6.3. Product Benchmarking 8.6.4. Recent Developments 8.7. ABB 8.7.1. Overview 8.7.2. Financials 8.7.3. Product Benchmarking 8.7.4. Recent Development 8.8. Siemens 8.8.1. Overview 8.8.2. Financials 8.8.3. Product Benchmarking 8.8.4. Recent Developments 8.9. CG Power 8.9.1. Overview 8.9.2. Financials 8.9.3. Product Benchmarking 8.9.4. Recent Developments 8.10. General Electric (GE) 8.10.1. Overview 8.10.2. Financials 8.10.3. Product Benchmarking 8.10.4. Recent Developments 8.11. Toshiba 8.11.1. Overview 8.11.2. Financials 8.11.3. Product Benchmarking 8.11.4. Recent Developments -7-
Electric Traction Motor Market Size is Estimated to reach USD 31.5 billion by 2026
Access Press Release on Electric Traction Motor Market: https://www.polarismarketresearch.com/press-releases/global-electric-traction-motorsmarket About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id:
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