The global railway traction motor market is expected to reach $41.63 billion in 2025, from $30.28 billion in 2016, growing at a CAGR of 3.8% from 2017 to 2025. Railway traction motors are series-wound brushed DC motors, usually running on approximately 600 Volts. The availability of high-powered semiconductors (such as thyristors and the IGBT) have made the use of much simpler, higher-reliability AC induction motors known as asynchronous traction motors possible. The substantial improvement of the railroads in the twentieth century is connected to the electrification of the rail route lines. Traditionally, railways ran on steam motors. Several nations have adopted railroads electrification, monorail systems, and metros. With the progress in the railroads technologies, and change in vehicular emission restrictions forced on transportation systems across the systems, the progress of the railway traction motor market is expected in future.
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The market is segmented by type, application, and geography. Furthermore, by type of system, it includes direct current traction motor, alternating current traction motor, and synchronous alternating current traction motor. By type of application, it is classified into diesel locomotives, electric multiple units, electric locomotives, and diesel-electric locomotives. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
-Incorporation of traction motors in the railway engines
-Lower emission
-Low manufacturing and maintenance costs
-Lower down the loss in performance
Restraints:
-Rise in price
-High investment cost
Market Players:
The top players in the global railway traction motor market include ABB, Aisin Seiki Co. Ltd., Sulzer Ltd., ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corporation, Saini Group, and VEM Gruppe.
RAILWAY TRACTION MOTOR MARKET LANDSCAPE
By Type
-Direct Current Traction Motor
-Alternating Current Traction Motor
-Synchronous Alternating Current Traction Motor
By Application
-Diesel Locomotives
-Electric Multiple Units
-Electric Locomotives
-Diesel-Electric Locomotives
By Geography
-North America
-U.S.
-Canada
-Mexico
-Europe
-UK
-Germany
-France
-Spain
-Italy
-Rest of Europe
Asia-Pacific
-China
-Japan
-India
-Australia
-South Korea
Rest of Asia-Pacific
-LAMEA
-Brazil
-Saudi Arabia
-South Africa
-Rest of LAMEA
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Table of Content
1.Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend Analysis
1.3. Competitive Landscape and Recent Industry Development Analysis
2.Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3.Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porters Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Railway Traction Motor Market Shares Analysis, 2014-2025
3.4.1. Global railway traction motor market share by type, 2014-2025
3.4.2. Global railway traction motor market share by applications, 2014-2025
3.4.3. Global railway traction motor market share by geography, 2014-2025
4.Global Railway Traction Motor Market by Type
4.1. Direct Current Traction Motor
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025
4.2. Alternating Current Traction Motor
4.2.1. Historical Market Size by Region, 2014-2016
4.2.2. Market Forecast by Region, 2017-2025
4.3. Synchronous Alternating Current Traction Motor
4.3.1. Historical Market Size by Region, 2014-2016
4.3.2. Market Forecast by Region, 2017-2025
5.Global Railway Traction Motor Market by Applications
5.1. Diesel Locomotives
5.1.1. Historical Market Size by Region, 2014-2016
5.1.2. Market Forecast by Region, 2017-2025
5.2. Electric Multiple Units
5.2.1. Historical Market Size by Region, 2014-2016
5.2.2. Market Forecast by Region, 2017-2025
5.3. Electric Locomotives
5.3.1. Historical Market Size by Region, 2014-2016
5.3.2. Market Forecast by Region, 2017-2025
5.4. Diesel-Electric Locomotives
5.4.1. Historical Market Size by Region, 2014-2016
5.4.2. Market Forecast by Region, 2017-2025
6.Global Railway Traction Motor Market by Geography
6.1. North America
6.1.1. U.S.
6.1.1.1. Historical Market Size, 2014-2016
6.1.1.2. Market Forecast, 2017-2025
6.1.2. Canada
6.1.2.1. Historical Market Size, 2014-2016
6.1.2.2. Market Forecast, 2017-2025
6.1.3. Mexico
6.1.3.1. Historical Market Size, 2014-2016
6.1.3.2. Market Forecast, 2017-2025
6.2. Europe
6.2.1. UK
6.2.1.1. Historical Market Size, 2014-2016
6.2.1.2. Market Forecast, 2017-2025
6.2.2. Germany
6.2.2.1. Historical Market Size, 2014-2016
6.2.2.2. Market Forecast, 2017-2025
6.2.3. France
6.2.3.1. Historical Market Size, 2014-2016
6.2.3.2. Market Forecast, 2017-2025
6.2.4. Spain
6.2.4.1. Historical Market Size, 2014-2016
6.2.4.2. Market Forecast, 2017-2025
6.2.5. Italy
6.2.5.1. Historical Market Size, 2014-2016
6.2.5.2. Market Forecast, 2017-2025
6.2.6. Rest of Europe
6.2.6.1. Historical Market Size, 2014-2016
6.2.6.2. Market Forecast, 2017-2025
6.3. Asia-Pacific
6.3.1. China
6.3.1.1. Historical Market Size, 2014-2016
6.3.1.2. Market Forecast, 2017-2025
6.3.2. Japan
6.3.2.1. Historical Market Size, 2014-2016
6.3.2.2. Market Forecast, 2017-2025
6.3.3. India
6.3.3.1. Historical Market Size, 2014-2016
6.3.3.2. Market Forecast, 2017-2025
6.3.4. Australia
6.3.4.1. Historical Market Size, 2014-2016
6.3.4.2. Market Forecast, 2017-2025
6.3.5. South Korea
6.3.5.1. Historical Market Size, 2014-2016
6.3.5.2. Market Forecast, 2017-2025
6.3.6. Rest of Asia-Pacific
6.3.6.1. Historical Market Size, 2014-2016
6.3.6.2. Market Forecast, 2017-2025
6.4. LAMEA
6.4.1. Brazil
6.4.1.1. Historical Market Size, 2014-2016
6.4.1.2. Market Forecast, 2017-2025
6.4.2. South Arabia
6.4.2.1. Historical Market Size, 2014-2016
6.4.2.2. Market Forecast, 2017-2025
6.4.3. South Africa
6.4.3.1. Historical Market Size, 2014-2016
6.4.3.2. Market Forecast, 2017-2025
6.4.4. Rest of LAMEA
6.4.4.1. Historical Market Size, 2014-2016
6.4.4.2. Market Forecast, 2017-2025
7.Company profiles
7.1. ABB
7.1.1. Overview
7.1.2. Financials and business segments
7.1.3. Recent developments
7.2. Aisin Seiki Co. Ltd.
7.2.1. Overview
7.2.2. Financials and business segments
7.2.3. Recent developments
7.3. Sulzer Ltd
7.3.1. Overview
7.3.2. Financials and business segments
7.3.3. Recent developments
7.4. ALSTOM
7.4.1. Overview
7.4.2. Financials and business segments
7.4.3. Recent developments
7.5. Bombardier
7.5.1. Overview
7.5.2. Financials and business segments
7.5.3. Recent developments
7.6. BHEL
7.6.1. Overview
7.6.2. Financials and business segments
7.6.3. Recent developments
7.7. Hyundai Rotem Company
7.7.1. Overview
7.7.2. Financials and business segments
7.7.3. Recent developments
7.8. Mitsubishi Electric Corporation
7.8.1. Overview
7.8.2. Financials and business segments
7.8.3. Recent developments
7.9. Saini Group
7.9.1. Overview
7.9.2. Financials and business segments
7.9.3. Recent developments
7.10. VEM Gruppe
7.10.1. Overview
7.10.2. Financials and business segments
7.10.3. Recent developments”
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