+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Electric Traction Systems - Global Market Trajectory & Analytics

  • PDF Icon

    Report

  • 296 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5141356
Global Electric Traction Systems Market to Reach $416.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Electric Traction Systems estimated at US$380.4 Billion in the year 2020, is projected to reach a revised size of US$416.9 Billion by 2027, growing at a CAGR of 1.3% over the analysis period 2020-2027. Electric Traction Transformer, one of the segments analyzed in the report, is projected to record a 0.8% CAGR and reach US$24 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electric Traction Motor segment is readjusted to a revised 1.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $103.2 Billion, While China is Forecast to Grow at 2.8% CAGR

The Electric Traction Systems market in the U.S. is estimated at US$103.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$78.3 Billion by the year 2027 trailing a CAGR of 2.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0% and 1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.4% CAGR.

Electric Traction Generator Segment to Record 1.4% CAGR

In the global Electric Traction Generator segment, USA, Canada, Japan, China and Europe will drive the 1.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$28.6 Billion in the year 2020 will reach a projected size of US$30.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$54.6 Billion by the year 2027, while Latin America will expand at a 2.1% CAGR through the analysis period.

Select Competitors (Total 41 Featured):
  • ABB Ltd.
  • Alstom SA
  • American Traffic Solutions
  • Ansaldo STS SpA
  • Bombardier, Inc.
  • Caterpillar, Inc.
  • CG Power and Industrial Solutions Ltd.
  • Curtiss-Wright Corporation
  • Delphi Automotive LLP
  • General Electric Company
  • Hitachi Ltd.
  • Hyundai Rotem Company
  • Kawasaki Heavy Industries Ltd.
  • Konar AO
  • Mitsubishi Electric Corporation
  • Prodrive Technologies
  • Schneider Electric SA
  • Siemens AG
  • Toshiba Corporation
  • Traktionssysteme Austria
  • TTM Rail - Transtech Melbourne Pty. Ltd.
  • VEM GmbH
  • Voith GmbH & Co. KGaA
Frequently Asked Questions about the Global Market for Electric Traction Systems

What is the estimated value of the Global Market for Electric Traction Systems?

The Global Market for Electric Traction Systems was estimated to be valued at $380.4 Billion in 2020.

What is the growth rate of the Global Market for Electric Traction Systems?

The growth rate of the Global Market for Electric Traction Systems is 1.3%, with an estimated value of $416.9 Billion by 2027.

What is the forecasted size of the Global Market for Electric Traction Systems?

The Global Market for Electric Traction Systems is estimated to be worth $416.9 Billion by 2027.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 41