Electric Traction Motors Market For Electric Application 2018 Top Players are Nidec Motor Corporation, Toshiba, Siemens, Samsung Electronics, GE Grid Solutions, ABB

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.

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The global electric traction motors market is anticipated to reach USD 31.5 billion by 2026.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.

Application Type

• Railway
• Engine Type
• Electric Engines
• Diesel Engines
• Diesel-Electric Engines
• Rapid Transit Vehicles
• Electric Multiple Units
• Diesel Multiple Units
• Light Rail Vehicles
• Railroad Cars
• Freight Wagons
• Passenger Coaches
• Electric Vehicles

Product Type
1. DC Traction Motors
2. AC Traction Motors.

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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 high-speed 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.

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