Market Overview:
The global traction alternators 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 rising concerns about environment pollution. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into static and brushless alternators. Static alternators are more popular than brushless ones as they are cheaper and easier to maintain. However, brushless alternators are gaining popularity due to their high efficiency levels as compared to static ones. On the basis of application, locomotive traction accounts for a major share of the global traction alternator market followed by off-highway truck applications.
Product Definition:
A traction alternator is a type of alternator that is specifically designed to provide power to electric traction motors, used in locomotives, trains and trams. They are usually larger than standard alternators, and often include integral cooling fans to keep them running cool. Traction alternators are important for providing power to electric vehicles, as they can provide much more power than batteries alone.
Static:
Static, it’s usage.
The global static electricity market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period owing to its increasing demand across various industries including oil & gas, power generation, automotive & transportation, chemical processing among others.
Brushless:
Brushless traction alternators are used in the electric power steering systems and internal combustion engine vehicles. They do not have any mechanical connection with the driven mechanism, instead they rely on electromagnetic induction to generate electricity. The absence of a physical connection between the rotor and stator leads to an increase in efficiency as there is no electrical loss due to friction.
Application Insights:
The locomotive traction segment held the largest market share in 2017. This is attributed to the extensive use of traction alternators in diesel-electric locomotives and diesel multiple units. Traction alternators are used as a power source for electric motors/generators for prime mover applications such as train control, lighting, and door operation on trains. The demand for these devices is also driven by heavy industrialization, which has resulted in an increased number of railway stations and terminals across various regions worldwide. These factors are likely to drive the global market over the forecast period.
The off-highway truck application segment accounted for a significant revenue share in 2017 owing to increasing demand from construction industries across various regions including North America.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing region over the forecast period. The regional market is expected to grow from USD X million in 2017 to USD X million by 2030 owing to increasing demand for traction motors from end-use industries such as mining and construction in countries such as China and India. Furthermore, rising investments by governments of various countries are also contributing toward growth of the market for traction alternators across Asia Pacific region.
Europe accounted for a significant share of global revenue in 2017 owing to presence of prominent manufacturers such as Siemens AG.
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 is primarily due to the increasing awareness about the benefits of electric vehicles over traditional gasoline-powered vehicles, such as lower emissions and fuel costs.
- Stringent emission norms: Stringent emission norms are being implemented by various governments across the globe in an effort to reduce air pollution levels. This is driving the demand for traction alternators, which are essential components in electric and hybrid vehicles that help meet these stringent emission norms.
- Development of advanced technologies: The development of advanced technologies such as high-voltage systems and regenerative braking systems is aiding in the growth of the traction alternators market. These technologies enable efficient power transmission and help improve vehicle performance, thus resulting in increased sales of electric and hybrid cars worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction Alternators Market Research Report
By Type
Static, Brushless
By Application
Locomotive Traction, Off-Highway Truck Applications
By Companies
Jenoptik, CG Power and Industrial Solutions Limited, HITZINGER GmbH, Medha Servo Drives Private Limited, Kirloskar Electric Company, Daulat Ram, Saini Group, Mecc Alte, Traktionssysteme Austria, WEG SA, Kato Engineering
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Traction Alternators Market Report Segments:
The global Traction Alternators market is segmented on the basis of:
Types
Static, Brushless
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
Locomotive Traction, Off-Highway Truck Applications
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:
- Jenoptik
- CG Power and Industrial Solutions Limited
- HITZINGER GmbH
- Medha Servo Drives Private Limited
- Kirloskar Electric Company
- Daulat Ram
- Saini Group
- Mecc Alte
- Traktionssysteme Austria
- WEG SA
- Kato Engineering
Highlights of The Traction Alternators 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:
- Static
- Brushless
- By Application:
- Locomotive Traction
- Off-Highway Truck Applications
- 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 Alternators 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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- Understanding Competition Scenario
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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?
Traction alternators are a type of electric motor that uses the rotational motion of an axle to generate power. They are most commonly used in vehicles, where they provide power for things like steering and acceleration.
Some of the key players operating in the traction alternators market are Jenoptik, CG Power and Industrial Solutions Limited, HITZINGER GmbH, Medha Servo Drives Private Limited, Kirloskar Electric Company, Daulat Ram, Saini Group, Mecc Alte, Traktionssysteme Austria, WEG SA, Kato Engineering.
The traction alternators market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traction Alternators Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Traction Alternators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traction Alternators Market - Supply Chain
4.5. Global Traction Alternators Market Forecast
4.5.1. Traction Alternators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traction Alternators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Traction Alternators Market Absolute $ Opportunity
5. Global Traction Alternators Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Traction Alternators Market Size and Volume Forecast by Type
5.3.1. Static
5.3.2. Brushless
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Traction Alternators Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Traction Alternators Market Size and Volume Forecast by Application
6.3.1. Locomotive Traction
6.3.2. Off-Highway Truck Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Traction Alternators Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Traction Alternators Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Traction Alternators Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Traction Alternators Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Traction Alternators Demand Share Forecast, 2019-2026
9. North America Traction Alternators Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Traction Alternators Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Traction Alternators Market Size and Volume Forecast by Application
9.4.1. Locomotive Traction
9.4.2. Off-Highway Truck Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Traction Alternators Market Size and Volume Forecast by Type
9.7.1. Static
9.7.2. Brushless
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Traction Alternators Demand Share Forecast, 2019-2026
10. Latin America Traction Alternators Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Traction Alternators Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Traction Alternators Market Size and Volume Forecast by Application
10.4.1. Locomotive Traction
10.4.2. Off-Highway Truck Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Traction Alternators Market Size and Volume Forecast by Type
10.7.1. Static
10.7.2. Brushless
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Traction Alternators Demand Share Forecast, 2019-2026
11. Europe Traction Alternators Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Traction Alternators Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Traction Alternators Market Size and Volume Forecast by Application
11.4.1. Locomotive Traction
11.4.2. Off-Highway Truck Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Traction Alternators Market Size and Volume Forecast by Type
11.7.1. Static
11.7.2. Brushless
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Traction Alternators Demand Share, 2019-2026
12. Asia Pacific Traction Alternators Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Traction Alternators Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Traction Alternators Market Size and Volume Forecast by Application
12.4.1. Locomotive Traction
12.4.2. Off-Highway Truck Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Traction Alternators Market Size and Volume Forecast by Type
12.7.1. Static
12.7.2. Brushless
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Traction Alternators Demand Share, 2019-2026
13. Middle East & Africa Traction Alternators Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Traction Alternators Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Traction Alternators Market Size and Volume Forecast by Application
13.4.1. Locomotive Traction
13.4.2. Off-Highway Truck Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Traction Alternators Market Size and Volume Forecast by Type
13.7.1. Static
13.7.2. Brushless
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Traction Alternators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Traction Alternators Market: Market Share Analysis
14.2. Traction Alternators Distributors and Customers
14.3. Traction Alternators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Jenoptik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CG Power and Industrial Solutions Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. HITZINGER GmbH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Medha Servo Drives Private Limited
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kirloskar Electric Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Daulat Ram
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Saini Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mecc Alte
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Traktionssysteme Austria
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. WEG SA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kato Engineering
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
