openPR Logo
Press release

Traction Motor Market Organization, Deployment Type, Vertical and Region – Global Forecast to 2027

11-18-2020 08:30 PM CET | Logistics & Transport

Press release from: Allied Analytics LLP

Traction Motor Market

Traction Motor Market

Allied Market Research published a report titled, "Traction Motor Market by Application (Railways, Electric Vehicle and Industrial Vehicles), Type (DC Traction Motor, AC Traction Motor and Synchronous Motor) and Power Rating (Less than 200 kW, 200-400 kW and More than 400 kW): Global Opportunity Analysis and Industry Forecast, 2020–2027."According to the report, the global traction motor industry was estimated at $10.78 billion in 2019, and is expected to hit $30.06 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.

Drivers, restraints, and opportunities-

Incorporation of traction motors in railway engines, lower emission rate, and low manufacturing and maintenance cost drive the growth of the global traction motor market. On the other hand, rise in price of materials used for production and high investment cost curb the growth to some extent. However, increase in research and development activities is expected to create multiple opportunities in the near future.

Download Report Sample (229 Pages Research) at https://www.alliedmarketresearch.com/request-sample/7000

COVID-19 Impact-

1 COVID-19 has impacted the global traction motor market badly. Lockdown across the world has affected the manufacturing of heavy motors including industrial machineries and locomotives.
2 Nevertheless, government bodies in several countries have started coming up with a number of relaxations on the current code of practice and with this drift on board, the market is anticipated to retrieve its position very soon.
3 The AC traction motor segment to dominate during the estimated period-

Based on type, the AC traction motor segment accounted for nearly half of the global traction motor market share in 2019, and is expected to rule the roost by the end of 2027. The same segment would also grow at the fastest CAGR of 14.0% throughout the forecast period. This is because AC traction motors offer variable operating frequencies and convert the alternator output into direct current.

Get detailed COVID-19 Impact Analysis on the Traction Motor Market Request Here!

The less than 200kW segment to maintain the lion's share by 2027-

Based on power rating, the less than 200kW segment contributed to more than two-fifths of the global traction motor market revenue in 2019, and is anticipated to lead the trail till 2027, owing to its huge application in electric and light rail vehicles. The 200-400kW segment, on the other hand, would register the fastest CAGR of 14.2% during the study period. This is attributed to their high performance capability in all given conditions.

Traction Motor Market Worth $30.06 Bn, Globally, by 2027 at 13.7% CAGR

Asia-Pacific, followed by Europe and North America, garnered the major share in 2019-

Based on geography, Asia-Pacific, followed by Europe and North America, generated the major share in 2019, holding more than one-third of the global traction motor market, owing to wider application of traction motors in different vehicles running across the province. At the same time, LAMEA is projected to manifest the fastest CAGR of 15.4% from 2020 to 2027. This is due to development of railway network and transportation industry in the regions across Latin America and Africa.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/7000

Frontrunners in the industry-

American Traction Systems
Toshiba and Wabtec
Mitsubishi
Hitachi
ABB
Hyundai Rotem
CRRC
Siemens
Skoda

Similar Reports We Have:

Railway Traction Motor Market
https://www.alliedmarketresearch.com/railway-traction-motor-market

Automotive Motors Market
https://www.alliedmarketresearch.com/automotive-motors-market

Automotive 48V System Market
https://www.alliedmarketresearch.com/automotive-48v-system-market-A06636

Railway System Market
https://www.alliedmarketresearch.com/railway-system-market-A05987

Transmission Control System Market
https://www.alliedmarketresearch.com/transmission-control-system-market-A05983

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Traction Motor Market Organization, Deployment Type, Vertical and Region – Global Forecast to 2027 here

News-ID: 2190122 • Views:

More Releases from Allied Analytics LLP

Lithium-ion Battery Market: Empowering Sustainability | North America Growing by United States, Canada
Lithium-ion Battery Market: Empowering Sustainability | North America Growing by …
According to a new report published by Allied Market Research, The lithium-ion battery market size was valued at $46.2 billion in 2022, and lithium-ion battery industry is estimated to reach $189.4 billion by 2032, growing at a CAGR of 15.2% from 2023 to 2032. A lithium-ion (Li-ion) battery is a type of rechargeable battery that uses lithium ions to store and release electrical energy. Li-ion batteries have become the dominant technology
Small Wind Power Market Growth Rate of 8.8% | North America Dominate by United States, Canada
Small Wind Power Market Growth Rate of 8.8% | North America Dominate by United S …
According to a new report published by Allied Market Research, The small wind power market size was valued at $7.4 billion in 2020, and global market forecast projected to reach $17.1 billion by 2030, with global small wind forecast expected at a CAGR of 8.8% from 2021 to 2030. Top Key Companies Aeolos Wind Energy Ltd, Bergey Wind Power Co., City Windmills, Eocycle Technologies Inc., Northern Power Systems, Ryse Energy, SD Wind
Ring Main Unit Market Share (CAGR of 6.2%) | Europe Growing by UK, UAE, Ireland, Germany
Ring Main Unit Market Share (CAGR of 6.2%) | Europe Growing by UK, UAE, Ireland, …
According to a new report published by Allied Market Research, the ring main unit (RMU) market size was valued at $2.7 billion in 2022, and is estimated to reach $4.8 billion by 2032, growing at a CAGR of 6.2% from 2023 to 2032. Ring main unit is a compact, sealed, and robust switchgear meeting used in secondary distribution networks. It consists of more than one component, which includes circuit breakers, modern
Environmental Technology Market Share (CAGR of 5.1%) | Europe Growing by UAE, UK, Denmark, Ireland, Netherlands, Greece, Romania, Belgium
Environmental Technology Market Share (CAGR of 5.1%) | Europe Growing by UAE, UK …
According to a new report published by Allied Market Research, the environmental technology market was valued at $0.7 trillion in 2022, and is estimated to reach $1.2 trillion by 2032, growing at a CAGR of 5.1% from 2023 to 2032. Environmental Technology is also known as 'green' or 'clean' technology and refers to the development of new technologies which aim to conserve, monitor or reduce the negative impact of technology on

All 5 Releases


More Releases for Motor

SUV Market 2021 Precise Outlook- Honda Motor, Toyota Motor, Nissan Motor, Ford M …
The report presents an in-depth assessment of the SUV Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for SUV from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in the number of
Passenger Vehicle Market Outlook to 2025 - Top Leading Players Toyota Motor, Vol …
Worldwide Passenger Vehicle Market Analysis to 2025 is a specialized and in-depth study of the Passenger Vehicle Industry with a focus on the global market trend. The report aims to provide an overview of global Passenger Vehicle Market with detailed market segmentation by product/application and geography. The global Passenger Vehicle Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status
Micro Motor Industry - Johnson Electric, Siemens, Mitsuba Corporation, Nidec Mot …
Global Micro Motor Market is set to rise from its initial estimated value of USD 28.13 billion in 2018 to an estimated value of USD 39.86 billion, registering a CAGR of 4.45% in the forecast period of 2019-2026. This projected rise in the value can be attributed to the increasing applications and demand from the various segments of the market. Get Sample Copy of this Report @ https://databridgemarketresearch.com/request-a-sample/?dbmr=global-micro-motor-market Key Market Competitors: Global
Electric Vehicle Motor Market by Type (Alternate Current (AC) Motor (Synchronous …
Electric vehicle motor is an electromechanical device used to provide power to electric vehicles by converting electric energy into mechanical energy. This phenomenon is achieved by the interaction of electric motors magnetic field and current. Electric vehicle motor comprises bearings, end bracket, frame, cooling frame, rotor, and stator. Access Full Report: https://www.alliedmarketresearch.com/electric-vehicle-motor-market The electric vehicle motor market is expected to witness lucrative growth during the forecast period due to increase in
Sports Utility Vehicle Market to 2025 – Suzuki Motor, PSA Group, FCA Group, Ho …
Sports utility Vehicles Market are the vehicles which appear as a station wagon designed for the off roads travelling which not only used for commercial purpose but for family purpose also providing high functionality with comfort and luxury and above built with enormous space too. One of the major driver for the growth of Sports Utility Vehicles market is the continual improvement in styling, comfort, outer body and systems in