Electric Traction Motor Market 2019 Industry Trends, Key Players, Business Boosting Strategies, Upcoming Opportunities and Comprehensive Research Till 2023
Electric Traction Motor Market Research Report: Information by Type (AC and DC), Power Rating (400 kW), Application (Railways, Electric vehicles, and others), and Region – Forecast till 2023
Pune, India – June 13, 2019 /MarketersMedia/ —
Electric Traction Motor Market Highlights
The electric traction motor market is expected to expand at 4.80% CAGR during the period 2018 to 2023. Electric traction motor is a type of electric motor which is used for propulsion of a vehicle. It is used in electrically powered rail vehicles such as electric multiple units and electric locomotives. Furthermore, traction motor is installed in fully hybrid and battery electric vehicles. Permanent magnet synchronous motor and asynchronous motors are two main types of traction motor which is currently driving the electric traction motors.
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The global electric traction motor market is projected to grow at a high rate during the forecast period, mainly due to the increased demand for energy efficient motors. Furthermore, unstable fossil fuel prices, emission norms, and environmental regulation are some of the factors expected to boost the market growth during forecast period.
Segmentation:
Global electric traction motors market has been segmented based on type, power rating, application, and region.
Based on type, the market is classified into AC motors and DC motors. The AC motor segment is expected to be the largest segment of electric traction motor, by type, in 2018. High demand for electric traction motors in electric vehicles and railway application is likely to drive the electric traction motor market.
The global electric traction motor market is further segmented based on power rating, including 400 kW. Railway segment of the global electric traction motor market is estimated to register the highest growth rate during the forecast period.
Based on applications the industry is classified as railways, electric vehicles, and others.
Based on region, the global electric traction motors market cover growth opportunities and latest trends across North America, Europe, South America, Asia Pacific and the Middle East and Africa.
Key Players
The key players of the global electric traction motor market CRRC (China), Alstom (France), ABB (Switzerland), GE (US), Siemens (Germany), Traktionsysteme Austria, Bosch (Germany), CG Power (India), Nidec (Japan), and Skoda Electric (Czech Republic).
Regional Analysis:
Region wise, Asia Pacific held the largest market share of the global electric traction motor market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in railway sector, rising urbanization and proliferation of electrification. Europe region holds significant market share and is expected to dominate the global electric traction motor market in terms of revenue contribution. Germany is leading country contributing to the growth of the European market. The market is mainly driven by factors such as the gradual shift from diesel-based to diesel-electric locomotives and electric locomotives.
Table Of Contents
1. Executive Summary
2. Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.3. Research Process
2.4. Market Size Estimation
2.5. Forecast Model
3. Market Landscape
3.1. Porter’s Five Forces Analysis
3.2. Value Chain/Supply Chain Analysis
4. Market Dynamics
4.1. Introduction
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Trends
Continued…..
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top-Down & Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Electric Traction Motor Market Share, By Type, 2017 (%)
Continued……
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