Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Traction Motor for Railcars Market by Type (Synchronous Motor, Asynchronous Motor), By Application (Train, High-speed Rail, Subway, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Traction Motor for Railcars Market by Type (Synchronous Motor, Asynchronous Motor), By Application (Train, High-speed Rail, Subway, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 388186 4200 Machinery & Equipment 377 155 Pages 4.6 (39)
                                          

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 .


Global Traction Motor for Railcars Industry Outlook


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:

  1. Siemens
  2. TOYO DENKI SEIZO K.K.
  3. Toshiba
  4. Fuji Electric
  5. ABB
  6. Mitsubishi Electric Corporation
  7. VEM Group
  8. LEM International
  9. Hyundai Rotem
  10. Lynch Motor
  11. SKODA ELECTRIC a.s
  12. NSK
  13. Alstom
  14. CRRC Zhuzhou Electric Co.,ltd
  15. Bombardier

Global Traction Motor for Railcars Market Overview


Highlights of The Traction Motor for Railcars Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Synchronous Motor
    2. Asynchronous Motor
  1. By Application:

    1. Train
    2. High-speed Rail
    3. Subway
    4. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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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Global Traction Motor for Railcars Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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