Railway Traction Motor Market by Type and by Application - Global Opportunities Analysis and Industry Forecast, 2017-2025

  • ID: 4580556
  • Report
  • Region: Global
  • 185 pages
  • Allied Analytics LLP
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The global railway traction motor market is expected to reach $41.63 billion in 2025, from $30.28 billion in 2016, growing at a CAGR of 3.8% from 2017 to 2025. Railway traction motors are series-wound brushed DC motors, usually running on approximately 600 Volts. The availability of high-powered semiconductors (such as thyristors and the IGBT) have made the use of much simpler, higher-reliability AC induction motors known as asynchronous traction motors possible. The substantial improvement of the railroads in the twentieth century is connected to the electrification of the rail route lines. Traditionally, railways ran on steam motors. Several nations have adopted railroads electrification, monorail systems, and metros. With the progress in the railroads technologies, and change in vehicular emission restrictions forced on transportation systems across the systems, the progress of the railway traction motor market is expected in future.

The market is segmented by type, application, and geography. Furthermore, by type of system, it includes direct current traction motor, alternating current traction motor, and synchronous alternating current traction motor. By type of application, it is classified into diesel locomotives, electric multiple units, electric locomotives, and diesel-electric locomotives. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Incorporation of traction motors in the railway engines
Lower emission
Low manufacturing and maintenance costs
Lower down the loss in performance

Restraints:

Rise in price
High investment cost

Market Players:

The top players in the global railway traction motor market include ABB, Aisin Seiki Co. Ltd., Sulzer Ltd., ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corporation, Saini Group, and VEM Gruppe.

RAILWAY TRACTION MOTOR MARKET LANDSCAPE

By Type

Direct Current Traction Motor
Alternating Current Traction Motor
Synchronous Alternating Current Traction Motor

By Application

Diesel Locomotives
Electric Multiple Units
Electric Locomotives
Diesel-Electric Locomotives

By Geography

North America
U.S.
Canada
Mexico

Europe
UK
Germany
France
Spain
Italy

Rest of Europe

Asia-Pacific
China
Japan
India
Australia
South Korea

Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa

Rest of LAMEA
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1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend Analysis
1.3. Competitive Landscape and Recent Industry Development Analysis

2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology

3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porters Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Railway Traction Motor Market Shares Analysis, 2014-2025
3.4.1. Global railway traction motor market share by type, 2014-2025
3.4.2. Global railway traction motor market share by applications, 2014-2025
3.4.3. Global railway traction motor market share by geography, 2014-2025

4. Global Railway Traction Motor Market by Type
4.1. Direct Current Traction Motor
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Alternating Current Traction Motor
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
4.3. Synchronous Alternating Current Traction Motor
4.3.1. Historical Market Size by Region, 2014-2016
4.3.2. Market Forecast by Region, 2017-2025

5. Global Railway Traction Motor Market by Applications
5.1. Diesel Locomotives
5.1.1. Historical Market Size by Region, 2014-2016
5.1.2. Market Forecast by Region, 2017-2025
5.2. Electric Multiple Units
5.2.1. Historical Market Size by Region, 2014-2016
5.2.2. Market Forecast by Region, 2017-2025
5.3. Electric Locomotives
5.3.1. Historical Market Size by Region, 2014-2016
5.3.2. Market Forecast by Region, 2017-2025
5.4. Diesel-Electric Locomotives
5.4.1. Historical Market Size by Region, 2014-2016
5.4.2. Market Forecast by Region, 2017-2025

6. Global Railway Traction Motor Market by Geography
6.1. North America
6.1.1. U.S.
6.1.1.1. Historical Market Size, 2014-2016
6.1.1.2. Market Forecast, 2017-2025
6.1.2. Canada
6.1.2.1. Historical Market Size, 2014-2016
6.1.2.2. Market Forecast, 2017-2025
6.1.3. Mexico
6.1.3.1. Historical Market Size, 2014-2016
6.1.3.2. Market Forecast, 2017-2025
6.2. Europe
6.2.1. UK
6.2.1.1. Historical Market Size, 2014-2016
6.2.1.2. Market Forecast, 2017-2025
6.2.2. Germany
6.2.2.1. Historical Market Size, 2014-2016
6.2.2.2. Market Forecast, 2017-2025
6.2.3. France
6.2.3.1. Historical Market Size, 2014-2016
6.2.3.2. Market Forecast, 2017-2025
6.2.4. Spain
6.2.4.1. Historical Market Size, 2014-2016
6.2.4.2. Market Forecast, 2017-2025
6.2.5. Italy
6.2.5.1. Historical Market Size, 2014-2016
6.2.5.2. Market Forecast, 2017-2025
6.2.6. Rest of Europe
6.2.6.1. Historical Market Size, 2014-2016
6.2.6.2. Market Forecast, 2017-2025
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Historical Market Size, 2014-2016
6.3.1.2. Market Forecast, 2017-2025
6.3.2. Japan
6.3.2.1. Historical Market Size, 2014-2016
6.3.2.2. Market Forecast, 2017-2025
6.3.3. India
6.3.3.1. Historical Market Size, 2014-2016
6.3.3.2. Market Forecast, 2017-2025
6.3.4. Australia
6.3.4.1. Historical Market Size, 2014-2016
6.3.4.2. Market Forecast, 2017-2025
6.3.5. South Korea
6.3.5.1. Historical Market Size, 2014-2016
6.3.5.2. Market Forecast, 2017-2025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical Market Size, 2014-2016
6.3.6.2. Market Forecast, 2017-2025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical Market Size, 2014-2016
6.4.1.2. Market Forecast, 2017-2025
6.4.2. South Arabia
6.4.2.1. Historical Market Size, 2014-2016
6.4.2.2. Market Forecast, 2017-2025
6.4.3. South Africa
6.4.3.1. Historical Market Size, 2014-2016
6.4.3.2. Market Forecast, 2017-2025
6.4.4. Rest of LAMEA
6.4.4.1. Historical Market Size, 2014-2016
6.4.4.2. Market Forecast, 2017-2025

7. Company profiles
7.1. ABB
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Aisin Seiki Co. Ltd.
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Sulzer Ltd
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. ALSTOM
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments
7.5. Bombardier
7.5.1. Overview
7.5.2. Financials and business segments
7.5.3. Recent developments
7.6. BHEL
7.6.1. Overview
7.6.2. Financials and business segments
7.6.3. Recent developments
7.7. Hyundai Rotem Company
7.7.1. Overview
7.7.2. Financials and business segments
7.7.3. Recent developments
7.8. Mitsubishi Electric Corporation
7.8.1. Overview
7.8.2. Financials and business segments
7.8.3. Recent developments
7.9. Saini Group
7.9.1. Overview
7.9.2. Financials and business segments
7.9.3. Recent developments
7.10. VEM Gruppe
7.10.1. Overview
7.10.2. Financials and business segments
7.10.3. Recent developments
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According to a new report by Allied Market Research, titled, Railway Traction Motor Market by Type and by Application: Global Opportunities Analysis and Industry Forecast, 2017-2023, the global railway traction motor market was valued at $30.3 billion in 2016, and is projected to reach at $41.6 billion by 2025, growing at a CAGR of 3.8% from 2017 to 2025.

A traction motor is used for propelling heavy vehicles such as railways, locomotives, and industrial machineries. A railway traction motor generates enough torque to propel a heavy vehicle. These motors are durable and deliver high performance.

In 2016, the diesel locomotive segment dominated the global market, in terms of revenue with 47.9% share, followed by the diesel electric locomotive motor.

Europe was the highest revenue contributor to the railway traction motor market in 2016, accounting for around 34.4% share, owing to the surge in demand for electrification of automobiles.

The report provides a comprehensive analysis of the key growth strategies adopted by the major players of the railway traction motor market. The key players profiled in the report are ABB Group, Saini Group, Sulzer Ltd, ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corporation, Siemens, and VEM Group. They have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the market.

Key Findings of the Railway Traction Motor Market

The synchronous motor segment accounted for the highest share in 2017, growing at a CAGR of 4.6% from 2017 to 2025.
AC traction motor segment generated the highest revenue, accounting for $15.1 billion in 2017.
Europe is expected to dominate the market, in terms of market share, during the forecast period.
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