Market Overview:
The global traction motor for railcars 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 and hybrid vehicles, rising concerns over environmental pollution, and government initiatives toward the adoption of electric vehicles. The global traction motor for railcars market is segmented on the basis of type into synchronous motors and asynchronous motors. The synchronous motors segment is expected to hold a larger share of the market during the forecast period owing to their high efficiency and power density as compared to asynchronous motors. On the basis of application, this market is segmented into trains, high-speed rails, subways, and others (trolleys/streetcars). Trains are expected to account for a major share of this market in terms of revenue due to their widespread use across various regions worldwide. Geographically, this market is segmented into North America, Latin America, Europe Asia Pacific ,and Middle East & Africa . Asia Pacific accounted for a major share of this market in 2017 owingtothe growing demand from countries such as China India ,and Japan .
Product Definition:
A traction motor is a type of electric motor that drives a train or other vehicle by converting electrical energy into kinetic energy. Traction motors are used in railcars, locomotives, trolleybuses, trams and electric automobiles.
Synchronous Motor:
Synchronous motors are used in traction motors for railway vehicles. They are also known as phase control motors or constant speed motor. Synchronous Motors have a uniform magnetic field which produces no torque to the shaft but can provide high speed to the output shaft.
The main advantage of using synchronous motor is that it eliminates mechanical problems due to misalignment, causes due to thermal fluctuations and saves cost related power failures caused by mechanical vibrations or electrical losses in series drives.
Asynchronous Motor:
Asynchronous motor is a type of electric motor that operates on the principle of electromagnetic attraction and repulsion. It does not consist of a physical commutator, but uses an electronic control system. The most important characteristic of this type is that the rotor current can fluctuate widely within short time intervals, due to which it is termed as Asynchronous Motor (AM).
The major application areas for these motors include traction equipment such as railcars and locomotives.
Application Insights:
On the basis of application, the global traction motor for railcars market has been segmented into train, high-speed rail, subway and others. The train application segment dominated the overall market in terms of revenue share in 2017. This is due to a rise in demand for passenger trains from various countries across Asia Pacific and Europe. Moreover, an increase in passenger traffic on existing railway lines by introducing new trains is expected to drive growth over the forecast period.
The high-speed rail application segment is expected to witness significant growth during the forecast period owing to increasing investments being made by governments across various regions for developing high-speed railways systems.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in new rail infrastructure and traction motor installation for high-speed rail projects. For instance, China has planned extensive changes in its railway system including construction of new railways and modernization of existing railways using latest technologies such as electric multiple unit (EMU) trains with traction motors. This will require huge investment which is anticipated to drive regional demand for global Traction Motor for Railcars market over the next eight years.
Europe accounted for a significant share owing to early adoption of these motors on account of technological advancements, presence of major manufacturers such as Siemens AG & Co., Alstom GIEA SNCF Group and others involved in manufacturing various types of traction motors used across different applications such as metro, rapid transit train, intercity train etc.
Growth Factors:
- Increasing demand for electric traction motors from the railway sector owing to the growing need for energy-efficient and environment-friendly transportation systems.
- Rising investments in rail infrastructure projects across the globe, which is expected to create opportunities for growth of the traction motor market for railcars during the forecast period.
- Proliferation of high-speed railways and development of advanced technologies such as maglev trains are some of the major factors that are anticipated to fuel growth of this market in near future.
- Growing inclination towards green mobility solutions is another key factor that is projected to boost adoption rate of electric traction motors in railway sector over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction Motor for Railcars Market Research Report
By Type
Synchronous Motor, Asynchronous Motor
By Application
Train, High-speed Rail, Subway, Others
By Companies
Siemens, TOYO DENKI SEIZO K.K., Toshiba, Fuji Electric, ABB, Mitsubishi Electric Corporation, VEM Group, LEM International, Hyundai Rotem, Lynch Motor, SKODA ELECTRIC a.s, NSK, Alstom, CRRC Zhuzhou Electric Co.,ltd, Bombardier
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
155
Number of Tables & Figures
109
Customization Available
Yes, the report can be customized as per your need.
Global Traction Motor for Railcars Market Report Segments:
The global Traction Motor for Railcars market is segmented on the basis of:
Types
Synchronous Motor, Asynchronous Motor
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
Train, High-speed Rail, Subway, 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:
- Siemens
- TOYO DENKI SEIZO K.K.
- Toshiba
- Fuji Electric
- ABB
- Mitsubishi Electric Corporation
- VEM Group
- LEM International
- Hyundai Rotem
- Lynch Motor
- SKODA ELECTRIC a.s
- NSK
- Alstom
- CRRC Zhuzhou Electric Co.,ltd
- Bombardier
Highlights of The Traction Motor for Railcars 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:
- Synchronous Motor
- Asynchronous Motor
- By Application:
- Train
- High-speed Rail
- Subway
- 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 Traction Motor for Railcars 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.
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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?
A traction motor is a type of electric motor used to power railcars. It converts the mechanical energy of the train into electrical energy, which can then be used to power the locomotive or other rail equipment.
Some of the major players in the traction motor for railcars market are Siemens, TOYO DENKI SEIZO K.K., Toshiba, Fuji Electric, ABB, Mitsubishi Electric Corporation, VEM Group, LEM International, Hyundai Rotem, Lynch Motor, SKODA ELECTRIC a.s, NSK, Alstom, CRRC Zhuzhou Electric Co.,ltd, Bombardier.
The traction motor for railcars 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 Traction Motor for Railcars 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 Traction Motor for Railcars Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Traction Motor for Railcars 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 Traction Motor for Railcars 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 Traction Motor for Railcars Market Size & Forecast, 2020-2028 4.5.1 Traction Motor for Railcars Market Size and Y-o-Y Growth 4.5.2 Traction Motor for Railcars 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 Synchronous Motor
5.2.2 Asynchronous Motor
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 Train
6.2.2 High-speed Rail
6.2.3 Subway
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traction Motor for Railcars 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 Traction Motor for Railcars 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 Synchronous Motor
9.6.2 Asynchronous Motor
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 Train
9.10.2 High-speed Rail
9.10.3 Subway
9.10.4 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 Synchronous Motor
10.6.2 Asynchronous Motor
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 Train
10.10.2 High-speed Rail
10.10.3 Subway
10.10.4 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 Synchronous Motor
11.6.2 Asynchronous Motor
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 Train
11.10.2 High-speed Rail
11.10.3 Subway
11.10.4 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 Synchronous Motor
12.6.2 Asynchronous Motor
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 Train
12.10.2 High-speed Rail
12.10.3 Subway
12.10.4 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 Synchronous Motor
13.6.2 Asynchronous Motor
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 Train
13.10.2 High-speed Rail
13.10.3 Subway
13.10.4 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 Traction Motor for Railcars Market: Competitive Dashboard
14.2 Global Traction Motor for Railcars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 TOYO DENKI SEIZO K.K.
14.3.3 Toshiba
14.3.4 Fuji Electric
14.3.5 ABB
14.3.6 Mitsubishi Electric Corporation
14.3.7 VEM Group
14.3.8 LEM International
14.3.9 Hyundai Rotem
14.3.10 Lynch Motor
14.3.11 SKODA ELECTRIC a.s
14.3.12 NSK
14.3.13 Alstom
14.3.14 CRRC Zhuzhou Electric Co.,ltd
14.3.15 Bombardier