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Railway Traction Motor Market 2018 Size, Growth, Key Regions, Demand, Industry-Research, Key Players, Future Technology Analysis, Opportunities, and Challenges Till 2025

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Railway Traction Motor Market 2018 Size, Growth, Key Regions, Demand, Industry-Research, Key Players, Future Technology Analysis, Opportunities, and Challenges Till 2025

August 28
12:18 2019
Railway Traction Motor Market 2018 Size, Growth, Key Regions, Demand, Industry-Research, Key Players, Future Technology Analysis, Opportunities, and Challenges Till 2025

Railway Traction Motor
Railway Traction Motor Market by Type (Direct Current Traction Motors, Alternating Current Traction Motors, and Synchronous Alternating Current Traction Motor) and by Application (Diesel Locomotive, Electric Multiple Units, Electric Locomotives, and Diesel Electric Locomotives) – Global Opportunities Analysis and Industry Forecast, 2017-2025

The global railway traction motor market is expected to reach $41.63 billion in 2025, from $30.28 billion in 2016, growing at a CAGR of 3.8% from 2017 to 2025. Railway traction motors are series-wound brushed DC motors, usually running on approximately 600 Volts. The availability of high-powered semiconductors (such as thyristors and the IGBT) have made the use of much simpler, higher-reliability AC induction motors known as asynchronous traction motors possible. The substantial improvement of the railroads in the twentieth century is connected to the electrification of the rail route lines. Traditionally, railways ran on steam motors. Several nations have adopted railroads electrification, monorail systems, and metros. With the progress in the railroads technologies, and change in vehicular emission restrictions forced on transportation systems across the systems, the progress of the railway traction motor market is expected in future.

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The market is segmented by type, application, and geography. Furthermore, by type of system, it includes direct current traction motor, alternating current traction motor, and synchronous alternating current traction motor. By type of application, it is classified into diesel locomotives, electric multiple units, electric locomotives, and diesel-electric locomotives. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.

Market Dynamics:

Drivers:

Incorporation of traction motors in the railway engines
Lower emission
Low manufacturing and maintenance costs
Lower down the loss in performance

Restraints:
Rise in price
High investment cost

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Market Players:
The top players in the global railway traction motor market include ABB, Aisin Seiki Co. Ltd., Sulzer Ltd., ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corporation, Saini Group, and VEM Gruppe.

RAILWAY TRACTION MOTOR MARKET LANDSCAPE

By Type
Direct Current Traction Motor
Alternating Current Traction Motor
Synchronous Alternating Current Traction Motor

By Application
Diesel Locomotives
Electric Multiple Units
Electric Locomotives
Diesel-Electric Locomotives

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe

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Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

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