Global Electric Traction Systems Market to Reach $481.8 Billion by 2030
The global market for Electric Traction Systems estimated at US$385.1 Billion in the year 2022, is projected to reach a revised size of US$481.8 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030. Electric Traction Motors, one of the segments analyzed in the report, is projected to record 2.6% CAGR and reach US$289.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electric Traction Transformers segment is readjusted to a revised 2.3% CAGR for the next 8-year period.The U.S. Market is Estimated at $104.6 Billion, While China is Forecast to Grow at 4.4% CAGR
The Electric Traction Systems market in the U.S. is estimated at US$104.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$93 Billion by the year 2030 trailing a CAGR of 4.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.Select Competitors (Total 21 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
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 213 |
Published | May 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 385.1 Billion |
Forecasted Market Value ( USD | $ 481.8 Billion |
Compound Annual Growth Rate | 2.8% |
Regions Covered | Global |