Press release
Railway Traction Motor Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027
COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Industry Definition and Application:
A railway traction motor refers to an electric motor that generates power for rotating wheels of the train. It has a sealed structure, which prevents dust intrusion and requires less maintenance. In line with this, a railway traction motor comprises of improved accessory devices, such as cooling fans, that help in keeping noise levels low. It is highly reliable, owing to the integration of the stator using high-frequency heating. Consequently, a railway traction motor finds extensive applications in electric multiple units (EMU) as well as electric and diesel-electric locomotives across countries.
Global Railway Traction Motor Market Trends and Drivers:
The widespread product adoption, owing to their various benefits, including compact design, power efficiency, durability, etc., is primarily driving the railway traction motor market. Additionally, the launch of several favorable policies by government bodies to promote the utilization of electric motors is further catalyzing the market growth. Besides this, the expanding railway network that aids in transporting goods and items over longer distances as compared to roadways is positively influencing the global market.
Moreover, the growing electrification of railway networks and the escalating demand for high-capacity lithium-ion batteries in rolling stock are acting as significant growth-inducing factors. Apart from this, the increasing investments in electric vehicles (EVs) and the inflating need for minimizing carbon emissions are anticipated to fuel the railway traction motor market over the forecasted period.
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Global Railway Traction Motor Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these top key players include:
ABB Ltd, Alstom SA, CG Power and Industrial Solutions Limited (Murugappa Group), Hitachi Ltd., Hyundai Motor Company, Mitsubishi Electric Corporation, Saini Group, Siemens Aktiengesellschaft, Sulzer Ltd. and VEM Group.
The report has segmented the market on the basis of region, type and application.
Breakup by Type:
• DC Traction Motor
• AC Traction Motor
• Synchronous AC Traction Motor
Breakup by Application:
• Diesel Locomotive
• Electric Multiple Units
• Electric Locomotives
• Diesel-Electric Locomotives
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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