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Electric Traction Motor Market by Type (AC and DC), Power Rating (Below 200 kW, 200-400 kW, and Above 400 kW), Application (Railways, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region: Global Forecast to 2025

  • ID: 5011296
  • Report
  • March 2020
  • Region: Global
  • 165 Pages
  • Markets and Markets
The Electric Traction Motor Market is Projected to Reach USD 36.6 Billion, by 2025 from an Estimated Market Size of USD 14.2 Billion in 2020, Growing at a CAGR of 20.9%, from 2020 to 2025.

FEATURED COMPANIES

  • ABB
  • Eaton
  • Johnson Electric
  • Mitsubishi
  • Siemens
  • VEM

The electric traction motor market is projected to grow at a CAGR of 20.9% from 2020 to 2025

The increase in demand for high-performance motors, favourable government policies and subsidies, and the rise in investments in the railway sector are expected to drive the electric traction motor market. Increased demand for electric vehicles is the major growth opportunity for the electric traction motor market.  

The AC segment, by type, is expected to grow at the highest CAGR from 2020 to 2025

The AC segment is estimated to be the fastest-growing market from 2020 to 2025. AC electric traction motor are more into demand as compared to DC electric traction motor because of various reasons such as they are simple to construct, does not require any additional mechanical contacts such as brushes to work, and are lighter as compared to DC electric traction motor for equivalent power. These factors are expected to boost the demand for AC electric traction motors during the forecast period.

Asia Pacific: The largest market for electric traction motor

Asia Pacific accounted for the largest size of the electric traction motor market, followed by Europe and North America in 2019. The region is the largest market for electric traction motors and home to some of the fastest-growing economies in the world. Moreover, increasing investments in electric vehicles and rolling stock are the key factors driving the electric traction motor market in the Asia Pacific. China is estimated to be the fastest-growing market in the region, followed by the markets in the US and Japan, during the forecast period.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 55%, Tier 2 - 25%, Tier 3 - 20%
  • By Designation: C-Level - 35%, D-Level - 30%, Others - 35%
  • By Region: North America - 15%, Europe - 20%, Asia Pacific - 25%, Middle East - 25%, South America - 10%, Africa - 5%

Note: The tier for companies has been defined on the basis of their total revenue, as of 2016: Tier I = > USD 5 billion, Tier II = from USD 1 billion to USD 5 billion, and Tier III = < USD 1 billion
The global electric traction motor market is dominated by leading players that have an extensive regional presence. The leading players in the electric traction motor market include ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), GE (US), and Siemens (Germany).

Research Coverage:

The report defines, describes, and forecasts the electric traction motor market, by type, power rating, application, and region. It also offers a detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the electric traction motor market.

Why buy this report?

  1. The report identifies and addresses key markets for implementing electric traction motor systems in the power industry, which would help manufacturers review the growth in demand.
  2. The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, opportunities, and challenges.
  3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB
  • Eaton
  • Johnson Electric
  • Mitsubishi
  • Siemens
  • VEM

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Countries Covered
1.4 Years Considered For the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Electric Traction Motor Market
4.2 Europe Market Size, by Application & Country
4.3 Electric Traction Motor Market, by Region
4.4 Electric Traction Motor Market, by Type
4.5 Electric Traction Motor Market, by Power Rating
4.6 Electric Traction Motor Market, by Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges

6 Electric Traction Motor Market, by Type
6.1 Introduction
6.2 Ac Electric Traction Motor
6.2.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
6.2.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)
6.3 Dc Electric Traction Motor
6.3.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
6.3.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)

7 Electric Traction Motor Market, by Power Rating
7.1 Introduction
7.2 <200 KW
7.2.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
7.2.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)
7.3 200-400 KW
7.3.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
7.3.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)
7.4 >400 KW
7.4.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
7.4.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)

8 Electric Traction Motor Market, by Application
8.1 Introduction
8.2 Railway
8.2.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
8.2.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)
8.3 Electric Vehicles
8.3.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
8.3.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)
8.3.2.1 Hybrid Electric Vehicles
8.3.2.2 Battery Electric Vehicles
8.3.2.3 Plug-In-Hybrid Electric Vehicles
8.3.2.4 Fuel Cell Vehicles
8.4 Others
8.4.1 Market Estimates And Forecasts, 2018 - 2025 (USD Million)
8.4.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (USD Million)

9 Electric Traction Motor Market, by Region
9.1 Introduction
9.1.1 Market Estimates And Forecasts,By Region, 2018 - 2025 (By Value)
9.1.2 Market Estimates And Forecasts, by Region, 2018 - 2025 (By Volume)
9.2 Asia Pacific
9.2.1 by Type
9.2.2 by Power Rating
9.2.3 by Application
9.2.4 by Country
9.2.4.1 China
9.2.4.2 Japan
9.2.4.3 South Korea
9.2.4.4 India
9.2.4.5 Rest of Asia Pacific
9.3 North America
9.3.1 by Type
9.3.2 by Power Rating
9.3.3 by Application
9.3.4 by Country
9.3.4.1 Us
9.3.4.2 Canada
9.3.4.3 Mexico
9.4 Europe
9.4.1 by Type
9.4.2 by Power Rating
9.4.3 by Application
9.4.4 by Country
9.4.4.1 Germany
9.4.4.2 Italy
9.4.4.3 Uk
9.4.4.4 France
9.4.4.5  Rest of Europe
9.5 South America
9.5.1 by Type
9.5.2 by Power Rating
9.5.3 by Application
9.5.4 by Country
9.5.4.1 Brazil
9.5.4.2 Argentina
9.5.4.3 Rest of South America
9.6 Middle East & Africa
9.6.1 by Type
9.6.2 by Power Rating
9.6.3 by Application
9.6.4 by Country
9.6.4.1 Saudi Arabia
9.6.4.2 Uae
9.6.4.3 Qatar
9.6.4.4 South Africa
9.6.4.5 Rest of Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Overview
10.3 Market Share, 2019
10.4 Competitive Landscape Mapping, 2019
10.5 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 New Product Launches
10.3.3 Investments & Expansions
10.3.4 Mergers & Acquisitions
10.3.5 Partnerships, Collaborations, Alliances, & Joint Ventures
10.3.6 Others

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, Publisher View) *
11.1 Introduction
11.2 ABB
11.3 American Traction Systems
11.4 Ametek
11.5 Robert Bosch
11.6 Cg Power And Industrial Solutions
11.7 CRRC
11.8 GE
11.9 Hitachi
11.10 Hyundai Rotem
11.11 Johnson Electric
11.12 Kawasaki
11.13 Lynch
11.14 Magna
11.15 Mitsubishi
11.16 Nidec
11.17 Prodrive
11.18 Siemens
11.19 Skoda
11.20 Toshiba
11.21 Traktionssysteme Austria
11.22 VEM
11.23 Voith
11.24 WEG
11.25 Wabtec
11.26 Eaton

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Publisher's Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

Note: Product cover images may vary from those shown
  • ABB
  • American Traction Systems
  • Ametek
  • CG Power And Industrial Solutions
  • CRRC
  • Eaton
  • GE
  • Hitachi
  • Hyundai Rotem
  • Johnson Electric
  • Kawasaki
  • Lynch
  • Magna
  • Mitsubishi
  • Nidec
  • Prodrive
  • Robert Bosch
  • Siemens
  • Skoda
  • Toshiba
  • Traktionssysteme Austria
  • VEM
  • Voith
  • Wabtec
  • WEG
Note: Product cover images may vary from those shown
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