Market Overview:
The global AC traction motor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and railways across the globe. Additionally, the growing awareness about energy efficiency is also propelling the growth of this market. The global AC traction motor market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into below 200 kW, 200-400 kW, and above 400 kW segments. The below 200 kW segment is expected to account for a major share in terms of revenue in 2018 owing to its low cost and easy installation process as compared to other types of motors available in this market.
Product Definition:
An AC traction motor is a railroad electric locomotive motor that runs on alternating current. It is used to power the train, providing both propulsion and braking.
Below 200 kW:
Below 200 kW, it's usage.
The global below 200 kW, it's usage and growth factor in AC traction motor market size was valued at USD 2.5 billion in 2016. The growing demand for low power density motors from the electric vehicle industry is expected to be a key driver for the below 200 kW, it's usage and growth factor over the forecast period.
200-400 kW:
200-400 kW is a range of power output for electric traction motors. It depends on the weight and size of the vehicle, but typically 200-300 kW are used in medium-duty vehicles such as light rail, trams & trolley buses and heavy duty vehicles such as locomotives, trucks and container ships.
Application Insights:
The railway application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for passenger and freight trains coupled with favorable government policies on railways infrastructure development across various regions. For instance, China¢â‚¬â„¢s Ministry of Railways has announced plans to build more than 60 new high-speed rail lines by 2020 which will increase the country¢â‚¬â„¢s high-speed rail trackage by about 50%. This initiative is expected to boost product demand in railway applications globally.
Electric vehicle segment is anticipated to witness significant growth over the forecast period owing to rising environmental concerns regarding carbon emissions from conventional diesel engines used in heavy-duty vehicles such as trucks and buses among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government investments in railways infrastructure, rising adoption of electric vehicles, and favorable regulations for AC traction motors. China is projected to lead the Asia Pacific regional market over the next eight years owing to increasing railway infrastructure spending by various governments at both domestic and international levels coupled with growing demand for electric vehicles.
Europe accounted for a significant share of revenue in 2017 owing to stringent environmental regulations that have resulted in increased sales of clean energy-powered trains across major countries such as Germany, France, Italy, Spain among others. Moreover, high penetration rates of renewable energy sources such as wind turbines and solar panels are anticipated to further boost product demand over the coming years. North America also captured a significant share due towards strong presence of railway operators who are increasingly focusing on improving their network through implementation of latest technologies including automated trains’ systems (ATS).
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in demand for AC traction motors, as they are used in electric vehicles.
- Growing industrialization and urbanization: The growth of the industrial and urban sectors is leading to an increase in the demand for AC traction motors. These motors are used extensively in various industries such as automotive, aerospace, railway, and marine.
- Rising disposable income: A rise in disposable income has led to an increase in spending on luxury items such as cars and appliances, which use AC traction motors. This is further contributing to the growth of the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Traction Motor Market Research Report
By Type
Below 200 kW, 200-400 kW, Above 400 kW
By Application
Railways, Electric Vehicle, Others
By Companies
ABB, American Traction Systems, Ametek, Robert Bosch, Cg Power and Industrial Solutions, Ge, Hitachi, Hyundai Rotem, Johnson Electric, Kawasaki, Lynch, Magna, Mitsubishi, Nidec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global AC Traction Motor Market Report Segments:
The global AC Traction Motor market is segmented on the basis of:
Types
Below 200 kW, 200-400 kW, Above 400 kW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Railways, Electric Vehicle, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- American Traction Systems
- Ametek
- Robert Bosch
- Cg Power and Industrial Solutions
- Ge
- Hitachi
- Hyundai Rotem
- Johnson Electric
- Kawasaki
- Lynch
- Magna
- Mitsubishi
- Nidec
Highlights of The AC Traction Motor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 200 kW
- 200-400 kW
- Above 400 kW
- By Application:
- Railways
- Electric Vehicle
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC Traction Motor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AC traction motors are used in electric vehicles to provide power to the drivetrain. They convert electrical energy into rotational motion, which is then transmitted to the wheels.
Some of the key players operating in the ac traction motor market are ABB, American Traction Systems, Ametek, Robert Bosch, Cg Power and Industrial Solutions, Ge, Hitachi, Hyundai Rotem, Johnson Electric, Kawasaki, Lynch, Magna, Mitsubishi, Nidec.
The ac traction motor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Traction Motor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 AC Traction Motor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 AC Traction Motor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the AC Traction Motor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global AC Traction Motor Market Size & Forecast, 2020-2028
4.5.1 AC Traction Motor Market Size and Y-o-Y Growth
4.5.2 AC Traction Motor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Below 200 kW
5.2.2 200-400 kW
5.2.3 Above 400 kW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Railways
6.2.2 Electric Vehicle
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Traction Motor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Traction Motor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Below 200 kW
9.6.2 200-400 kW
9.6.3 Above 400 kW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Railways
9.10.2 Electric Vehicle
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Below 200 kW
10.6.2 200-400 kW
10.6.3 Above 400 kW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Railways
10.10.2 Electric Vehicle
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Below 200 kW
11.6.2 200-400 kW
11.6.3 Above 400 kW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Railways
11.10.2 Electric Vehicle
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Below 200 kW
12.6.2 200-400 kW
12.6.3 Above 400 kW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Railways
12.10.2 Electric Vehicle
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Below 200 kW
13.6.2 200-400 kW
13.6.3 Above 400 kW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Railways
13.10.2 Electric Vehicle
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Traction Motor Market: Competitive Dashboard
14.2 Global AC Traction Motor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 American Traction Systems
14.3.3 Ametek
14.3.4 Robert Bosch
14.3.5 Cg Power and Industrial Solutions
14.3.6 Ge
14.3.7 Hitachi
14.3.8 Hyundai Rotem
14.3.9 Johnson Electric
14.3.10 Kawasaki
14.3.11 Lynch
14.3.12 Magna
14.3.13 Mitsubishi
14.3.14 Nidec
