Electric Traction Motor Market by Component (Hardware, Services), by Type (AC, DC), by Power Rating (Below 500 kW, 500-1000 kW, Above 1000 kW), by Application (Railway, Electric Vehicle, Others) by Region (Asia Pacific, Europe, Middle East and Africa, South America, North America) – Global Forecast 2018 to 2025

Electric Traction Motor Market Size, Share, Trends, Growth, Analysis, Research

Electric Traction Motor Market: Summary

The Global Electric Traction Motor Market is estimated to reach USD 30.9 Billion by 2025 at a CAGR of 18%, observes forencis research (FSR).

Traction means producing frictional force between two surfaces without slipping and this can be produced electrically or non-electrically. Electric traction motor is an electric motor which is used for driving a vehicle such as electric railways or electric vehicles. It is more efficient compared to the non-electric system and offers several benefits also such as quick start and stop, pollution-free, and easy to handle. Electric traction motor is considered as a specific class in industrial motors as they require a high rate of acceleration/deceleration, high torque low-speed hill-climbing, low-torque high-speed cruising, and a very wide range for operating speed.  

 Electric Traction Motor Market: Drivers & Challenges

Market Drivers:

  • Rising Funding in Rail Sector

Rail sector is considered as the most energy-efficient mode of transport for shipping goods and passengers. Out of total rail carries 8% of passengers globally and 7% of world shipping goods, which is only 2%of total transport energy demand. This sector is widely electrified, as per International Energy Agency (IEA), three-quarters of passenger rail transport is electrified. As the rail sector is very energy-efficient funding in this sector is increasing exponentially, especially in the segment of high-speed rail and metro. All these funding are directed towards the electrified rails and metro which are manufactured using electric traction motor.  

Thus, the rising funding in the rail sector may contribute to the growth of the electric traction motor market, during the forecasted period.

  • Rising Adoption of Electric Vehicles

Electric vehicles are growing rapidly worldwide. According to International Energy Agency (IEA), in 2018, 5.1 million electric cars were operating globally, which is 2 million more than the previous year. Electric two-wheelers were 260 million in 2018 and electric buses were 0.46 million. Also, the number of electric vehicles in shipping is also increasing robustly. Such rapid adoption of electric vehicles in every sector can open new market channels for the traction motor manufacturers. 

Thus, the rising adopting of electric vehicles may contribute to the overall growth of the electric traction motor market, during the forecasted period.

Market Challenges:

  • Complexity in Designing

The designing of an electric traction motor is more difficult as compared to any other electric motor because the load characteristic of traction motor is fluctuating in nature. There are numerous challenges faced by the manufacturers while designing the traction motor. Limited space and volume are available for installing physical weight per axle in the envelope of the traction motor. Many constraints have to be taken care of while designing like temperature, weight, compactness or cost.

Thus, complexity in designing can be challenging for the growth of the electric traction motor market, during the forecast period.

Electric Traction Motor Market: Key Segments

  • Component segment comprises of: Hardware and
  • Type segment comprises of: DC and AC.
  • Power rating segment comprises of: Below 500 kW, 500 kW-1000 kW, and Above 1000kW
  • Application segment comprises of: Railway, Electric Vehicle, and
  • Regional segmentation comprises of: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Electric Traction Motor Market: Report Scope

The report on the electric traction motor market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018-2025

Base Year for Market Calculation

2019

Forecasted Period

2020-2025 (2020 estimated year, forecasted up to 2025)

Measured Units

Value (USD Million)

Segments Included

Component, Type, Power Rating, Application and Region

Regional Coverage

Asia-Pacific, Europe, Middle East and Africa, South Africa and North America

Key Companies Covered

  • CRRC Corporation Limited (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Wabtec Corporation
  • Siemens AG
  • Parker-Hannifin Corp
  • SKF AB
  • ABB Ltd.
  • Alstom SA
  • Robert Bosch GmbH
  • Nidec Corporation
  • Toshiba Corp
  • Other Key Companies

Electric Traction Motor Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Electric Traction Motor Market, by Component

  • Hardware
    • Bearings
    • Pinion Gears
    • Gasket Kits
    • Inspection Covers
    • Brushes
    • Others
  • Services

Electric Traction Motor Market, by Type

  • DC
  • AC

Electric Traction Motor Market, by Power Rating

  • Below 500 kW
  • 500-1000 kW
  • Above 1000 kW

Electric Traction Motor Market, by Application

  • Railway
    • Light Rail Vehicle
    • Metro
    • Commuter Rail
    • High-speed Train
    • Locomotive
  • Electric Vehicle
    • Battery Electric Vehicle
    • Plug-in Hybrid
    • Hybrid Electric Vehicle
    • Fuel Cell Electric Vehicle
  • Others

Electric Traction Motor Market, by Region

  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the primary advancements affecting the global market and its growth?
  • What will be the effects of the advancements in the market on the industry globally and on the market players in the near and far future?
  • What are the emerging types of the global market?
  • What are the emerging applications of the global market?
  • What are the primary aspects that will impact market growth globally during the study period?
  • Who are the leading global players functioning in the market?
  • How are the leading players expanding in the existing global market conditions?

Report Audience

  • Electric Traction Motor Market Providers
  • Electric Traction Motor Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Electric Traction Motor Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ELECTRIC TRACTION MOTOR MARKET STUDY

1      INTRODUCTION

1.1       Research Objectives

1.2       Market Definition

1.3       Research Scope

1.4       Regional Coverage

1.5       Research Timeline

1.6       Assumptions

1.7       Limitations

2      RESEARCH DESIGN & SCOPE

2.1       Introduction

2.2       Primary Research

                                  2.2.1    Key Industry Expert Insight

2.3       Secondary Research

                                  2.3.1    Vital Data from Secondary Sources

2.4       Market Size Estimation

2.5       Data Validation & Triangulation

3      EXECUTIVE SUMMARY

4      MARKET DYNAMICS

4.1       Introduction

4.2       Drivers

                                  4.2.1    Rising Funding in Rail Sector

                                  4.2.2    Rising Adoption of Electric Vehicles

4.3       Restraints

                                  4.3.1    Fluctuating Prices of Input Commodities

4.4       Opportunities

                                 4.4.1.    Designing Better Speed Estimator

4.5       Challenges

                                 4.5.1.    Complexity in Designing

5      INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1       Introduction

                                 5.1.1.    Power of Buyers

                                 5.1.2.    Power of Suppliers

                                 5.1.3.    Intensity of Competition

                                 5.1.4.    Challenges of Substitutes

                                 5.1.5.    Challenges of New Entrants

5.2       Macro-Economic Indicators

6      GLOBAL ELECTRIC TRACTION MOTOR MARKET BY COMPONENT, Market Size in USD Million (2018—2025)

6.1       Introduction

6.2       Hardware

                                  6.2.1    Bearings

                                  6.2.2    Pinion Gears

                                  6.2.3    Gasket Kits

                                  6.2.4    Inspection Covers

                                  6.2.5    Brushes

                                  6.2.6    Others

6.3       Services

7      GLOBAL ELECTRIC TRACTION MOTOR MARKET BY TYPE, Market Size in USD Million (2018—2025)

7.1       Introduction

7.2       DC

7.3       AC

8      GLOBAL ELECTRIC TRACTION MOTOR MARKET BY POWER RATING, Market Size in USD Million (2018—2025)

8.1       Introduction

8.2       Below 500 kW

8.3       500-1000 kW

8.4       Above 1000 kW

9      GLOBAL ELECTRIC TRACTION MOTOR MARKET BY APPLICATION, Market Size in USD Million (2018—2025)

9.1       Introduction

9.2       Railway

                                  9.2.1    Light Rail Vehicle

                                  9.2.2    Metro

                                  9.2.3    Commuter Rail

                                  9.2.4    High-speed Train

                                  9.2.5    Locomotive

9.3       Electric Vehicle

                                  9.3.1    Battery Electric Vehicle

                                  9.3.2    Plug-in Hybrid

                                  9.3.3    Hybrid Electric Vehicle

                                  9.3.4    Fuel Cell Electric Vehicle

9.4       Others

10   GLOBAL ELECTRIC TRACTION MOTOR MARKET BY REGION, Market Size in USD Million (2018—2025)

10.1     North America

                                10.1.1    US

                                10.1.2    Canada

                                10.1.3    Mexico

10.2     Europe

                                10.2.1    Germany

                                10.2.2    France

                                10.2.3    Italy

                                10.2.4    UK

                                10.2.5    Rest of Europe

10.3     Asia-Pacific

                                10.3.1    China

                                10.3.2    India

                                10.3.3    Japan

                                10.3.4    South Korea

                                10.3.5    Rest of Asia-Pacific

10.4     Middle East and Africa

                                10.4.1    Saudi Arabia

                                10.4.2    UAE

                                10.4.3    Rest of Middle East and Africa

10.5     South America

                                10.5.1    Brazil

                                10.5.2    Argentina

                                10.5.3    Rest of South America

11   COMPETITIVE LANDSCAPE

11.1     Introduction

11.2     Market Ranking/Share Analysis of Key Companies

11.3     Company Benchmarking

12   COMPANY PROFILES

12.1     CRRC Corporation Limited

                                12.1.1    Company Overview

                                12.1.2    Financial Overview

                                12.1.3    Products/Solutions/Services Offered

                                12.1.4    Key Developments

                                12.1.5    SWOT Analysis

12.2     Wabtec Corporation

12.3     Siemens AG

12.4     Parker-Hannifin Corp

12.5     SKF AB

12.6     ABB Ltd.

12.7     Alstom SA

12.8     Robert Bosch GmbH

12.9     Nidec Corporation

12.10  Toshiba Corp

12.11  Other Key Companies

13   APPENDIX

13.1     Key Industry Expert Insights

13.2     Primary Discussion Guide

13.3     Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

 

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : EP 028

Published : January, 2020


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