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Electric Traction Motor Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • November 2022
  • Region: Global
  • The Business Research Company
  • ID: 5695533
Major players in the electric traction motor market are ABB Ltd, Siemens AG, General Electric Company, CG Power and Industrial Solutions Ltd, CRRC Corporation Limited, Alstom SA, Traktionssysteme Austria (TSA) GmbH, Skoda Transportation AS, Robert Bosch GmbH, Kirloskar Electric Company Ltd, Voith GmbH, Mitsubishi Electric Corporation, Bombardier Inc, American Traction Systems, VEM Group, Prodrive Technologies, Toshiba Corporation, Aisin and Delphi Automotive LLP.

The global electric traction motor market is expected to grow from $11.53 billion in 2021 to $13.81 billion in 2022 at a compound annual growth rate (CAGR) of 19.74%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The electric traction motor market is expected to grow to $30.59 billion in 2026 at a compound annual growth rate (CAGR) of 21.99%.

The electric traction motor market consists of the sales of electric traction motors by entities (organizations, sole traders, and partnerships) that refers to the electric motor used to propel electrically powered systems such as elevators, trolleybuses, conveyors, locomotives rails, and other electric controlled vehicle with electrical transmission systems. Electric traction motors generate power to turn the wheels transmitted to the wheels via the driving gear unit and axle. This electric traction motor helps in converting electrical energy to mechanical energy.

The main types of electric traction motors are AC and DC. AC refers to the alternating current employed to generate the required propelling power to the systems. The power rating for these electric traction motors is less than 200 kW, between 200 kW to 400 kW, and more than 400 kW. These motors are used in railways, electric vehicles, elevators, conveyors, and industrial machinery. Electrical traction motors are used by chemical & petrochemical, oil & gas, energy & power, automotive, food & beverages, healthcare, and other industry verticals.

Asia Pacific was the largest region in the electric traction market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the electric traction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rise in demand for electric vehicles will propel the growth of the electric traction motor market. While the economic effect of COVID-19 has dampened demand for petrol and diesel cars, demand for EV and hybrid vehicles has increased. Climate warming and aspirations to achieve net-zero emissions are driving the global shift to emissions-free motoring. These EV vehicle shifts help the economy by reducing fuel costs and changing consumption from petroleum products to more locally produced power vehicles. The development of EV charging stations, hydrogen fueling stations, and government intervention towards the adoption and implementation encourage the use of electric vehicles. These factors increased the demand for electric traction motor, offering clean and easy handling, speed control, and high power propulsion to the vehicle for a safe and reliable drive. According to the Global EV Outlook 2021 report by International Energy Agency (IEA), consumers spent $120 billion on electric vehicle purchases in 2020, a 50% increase over 2019. Furthermore, the global electric vehicle stock reached 10 million in 2020, representing a 43% increase over 2019. Therefore, the rising demand for electric vehicles will drive the electric traction motor market.

Technological advancement is a key trend gaining popularity in the electric traction motor market. While electric motors have been used for many years, there is still room for improvement in technology and energy efficiency. The market is witnessing the demand for emerging motor technology such as axial flux. These axial flux motors typically produce more torque per unit volume of motor than radial motors. Major companies operating in electric traction motors are focused on providing advanced electric traction motors to strengthen their market position. For instance, in July 2022, Mahle, a Germany-based automotive parts manufacturer, introduced SCT E-motor, a superior continuous torque (SCT) E-motors that can operate with maintaining high performance. This new motor is very compact and light in weight and has achieved this resilience through the innovative integrated oil cooling mechanism.

In July 2021, Mercedes-Benz, a Germany-based manufacturer, and distributor of premium and luxury cars, acquired YASA Limited for an undisclosed amount. Under this acquisition, With Mercedes-Benz ownership, YASA will continue to develop ultra-high performance e-motors while maintaining its brand, team, and facilities and continuing to serve its current automotive supercar clients. YASA is a British-based manufacturer of electric motors and motor controllers for applications in automotive and industrial purposes.

The countries covered in the electric traction market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The electric traction motors market research report is one of a series of new reports that provides electric traction motors market statistics, including electric traction motors industry global market size, regional shares, competitors with an electric traction motors market share, detailed electric traction motors market segments, market trends and opportunities, and any further data you may need to thrive in the electric traction motors industry. This electric traction motors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.



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Frequently Asked Questions about the Global Electric Traction Motor Market

What is the estimated value of the Global Electric Traction Motor Market?

The Global Electric Traction Motor Market was estimated to be valued at $13.81 billion in 2022.

What is the growth rate of the Global Electric Traction Motor Market?

The growth rate of the Global Electric Traction Motor Market is 22.0%, with an estimated value of $30.59 billion by 2026.

What is the forecasted size of the Global Electric Traction Motor Market?

The Global Electric Traction Motor Market is estimated to be worth $30.59 billion by 2026.

Who are the key companies in the Global Electric Traction Motor Market?

Key companies in the Global Electric Traction Motor Market include ABB Ltd, Siemens AG, General Electric Company and CRRC Corporation Limited.

Table of Contents

1. Executive Summary2. Electric Traction Motor Market Characteristics3. Electric Traction Motor Market Trends And Strategies
4. Electric Traction Motor Market - Macro Economic Scenario
4.1. COVID-19 Impact On Electric Traction Motor Market
4.2. Ukraine-Russia War Impact On Electric Traction Motor Market
4.3. Impact Of High Inflation On Electric Traction Motor Market
5. Electric Traction Motor Market Size And Growth
5.1. Global Electric Traction Motor Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Electric Traction Motor Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Electric Traction Motor Market Segmentation
6.1. Global Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • AC
  • DC
6.2. Global Electric Traction Motor Market, Segmentation By Power Rating, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Less Than 200 kW
  • Between 200 kW To 400 kW
  • More Than 400 kW
6.3. Global Electric Traction Motor Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Railway
  • Electric Vehicle
  • Elevators
  • Conveyors
  • Industrial Machinery
6.4. Global Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Chemical And Petrochemical
  • Oil And Gas
  • Energy And Power
  • Automotive
  • Food And Beverages
  • Healthcare
  • Other Industry Verticals
7. Electric Traction Motor Market Regional And Country Analysis
7.1. Global Electric Traction Motor Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Electric Traction Motor Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Electric Traction Motor Market
8.1. Asia-Pacific Electric Traction Motor Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Electric Traction Motor Market
9.1. China Electric Traction Motor Market Overview
9.2. China Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Electric Traction Motor Market
10.1. India Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Electric Traction Motor Market
11.1. Japan Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Electric Traction Motor Market
12.1. Australia Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Electric Traction Motor Market
13.1. Indonesia Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Electric Traction Motor Market
14.1. South Korea Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Electric Traction Motor Market
15.1. Western Europe Electric Traction Motor Market Overview
15.2. Western Europe Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Electric Traction Motor Market
16.1. UK Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Electric Traction Motor Market
17.1. Germany Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Electric Traction Motor Market
18.1. France Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Electric Traction Motor Market
19.1. Eastern Europe Electric Traction Motor Market Overview
19.2. Eastern Europe Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Electric Traction Motor Market
20.1. Russia Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Electric Traction Motor Market
21.1. North America Electric Traction Motor Market Overview
21.2. North America Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Electric Traction Motor Market
22.1. USA Electric Traction Motor Market Overview
22.2. USA Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Electric Traction Motor Market
23.1. South America Electric Traction Motor Market Overview
23.2. South America Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Electric Traction Motor Market
24.1. Brazil Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Electric Traction Motor Market
25.1. Middle East Electric Traction Motor Market Overview
25.2. Middle East Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Electric Traction Motor Market
26.1. Africa Electric Traction Motor Market Overview
26.2. Africa Electric Traction Motor Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Electric Traction Motor Market, Segmentation By Industry Vertical, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Electric Traction Motor Market Competitive Landscape And Company Profiles
27.1. Electric Traction Motor Market Competitive Landscape
27.2. Electric Traction Motor Market Company Profiles
27.2.1. ABB Ltd
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Siemens AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. General Electric Company
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. CG Power and Industrial Solutions Ltd
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. CRRC Corporation Limited
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Electric Traction Motor Market29. Electric Traction Motor Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Electric Traction Motor Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global electric traction motor market.

This report focuses on electric traction motor market which is experiencing strong growth. The report gives a guide to the electric traction motor market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the electric traction motor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Electric Traction Motor market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider electric traction motor market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The electric traction motor market section of the report gives context. It compares the electric traction motor market with other segments of the electric traction motor market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, electric traction motor indicators comparison.

Scope

Markets Covered:

1) By Type: AC; DC
2) By Power Rating: Less Than 200 kW; Between 200 kW To 400 kW; More Than 400 kW
3) By Application: Railway; Electric Vehicle; Elevators; Conveyors; Industrial Machinery
4) By Industry Vertical: Chemical And Petrochemical; Oil And Gas; Energy And Power; Automotive; Food And Beverages; Healthcare; Other Industry Verticals

Companies Mentioned: ABB Ltd; Siemens AG; General Electric Company; CG Power and Industrial Solutions Ltd; CRRC Corporation Limited

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB Ltd
  • Siemens AG
  • General Electric Company
  • CG Power and Industrial Solutions Ltd
  • CRRC Corporation Limited

Methodology

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