1h Free Analyst Time
The railway traction motor market is forecasted to grow by USD 2.35 billion during 2024-2029, accelerating at a CAGR of 4.6% during the forecast period. The report on the railway traction motor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by railway infrastructure development in asian countries, increased demand for rail logistics due to rising trade activities, and introduction of new railway projects.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The railway traction motor market is segmented as below:
By Type
- DC motors
- AC motors
- Synchronous motors
By Application
- Electric locomotives
- Diesel locomotives
- Others
By Power Rating
- Less than 500 kW
- 500 to 1000 kW
- Greater than 1000 kW
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the railway traction motor market covers the following areas:
- Railway Traction Motor Market sizing
- Railway Traction Motor Market forecast
- Railway Traction Motor Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Market Segmentation by Power Rating
500 to 1000 kW - Market size and forecast 2024-2029
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global railway traction motor market: ABB Ltd., ALSTOM SA, American Traction Systems, Bharat Heavy Electricals Ltd., CG Power and Industrial Solutions Ltd., CRRC Corp. Ltd., Hitachi Ltd., Hyundai Heavy Industries Group, Kirloskar Electric Co. Ltd., Medha Servo Drives Pvt. Ltd., Mitsubishi Electric Corp., PowerRail, Rotomac Electricals Pvt. Ltd., Saini Group, Sherwood Electromotion Inc., Siemens AG, Toshiba Corp., Traktionssysteme Austria GmbH, VEM GmbH, and Westinghouse Air Brake Technologies Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of battery-electric locomotives."
According to the report, one of the major drivers for this market is the railway infrastructure development in asian countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- ALSTOM SA
- American Traction Systems
- Bharat Heavy Electricals Ltd.
- CG Power and Industrial Solutions Ltd.
- CRRC Corp. Ltd.
- Hitachi Ltd.
- Hyundai Heavy Industries Group
- Kirloskar Electric Co. Ltd.
- Medha Servo Drives Pvt. Ltd.
- Mitsubishi Electric Corp.
- PowerRail
- Rotomac Electricals Pvt. Ltd.
- Saini Group
- Sherwood Electromotion Inc.
- Siemens AG
- Toshiba Corp.
- Traktionssysteme Austria GmbH
- VEM GmbH
- Westinghouse Air Brake Technologies Corp.
