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electric traction motor market

Electric Traction Motor Market [By Product Type (DC and AC Traction Motors), By Power Ratings (>400 kW, 200kW to 400 kW, <200 kW), By Application Type (Railways, Electric Vehicles, Conveyors, Industrial Machinery, Elevators); By Regions (North America - U.S., Canada; Europe - Germany, UK, France; Asia-Pacific - China, India, Japan; Latin America – Brazil, Mexico; Middle East & Africa)]: Market size & Forecast, 2018 – 2026

Published: Aug 2018
Pages: 130
Format: PDF
Report ID: PM1354
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Report Summary

The worldwide market for Electric Traction Motor is anticipated to grow at a CAGR of 16.7% between 2018 and 2026. Electric traction motor is gaining popularity in several locomotive engine types and in electric vehicles. Trains, in the present time are powered by the most refined energy source i.e. electricity, which is costly in production, distribution and even transmission. The product plays an important role in offering solution to reduce the use of electricity in trains. Industry participants are offering traction motors that adapt perfectly to actual operating conditions, hence enabling sustainable energy reductions. With time, product manufactures have been focusing on improving the efficiency of these motors to save higher amount of energy on locomotives. Moreover, improving efficiency has also significantly influenced its maintenance cost, as recently developed totally enclosed traction motors requires less maintenance compared to the conventional ones. Therefore, demand along with its availability and use of high efficiency electric traction motor are expanding fast.

These high-tech instruments that were primarily designed to be used in rail vehicles are required to be small enough to be housed in a limited space under the vehicle floor and should be light enough to relieve the impact applied to the tracks. Hence, with its increasing popularity and application in locomotives and in the present industry’s energy efficiency trends, manufacturers are focused on designing these products with attachment to reduction of its size and weight rather than losses in the motor, to formulate the maximum output while achieving highest efficiency. In the present industry space, companies have been able to formulate several technological up gradations to enhance its efficiency with launch of more advanced equipment model every time when they innovate something new. As choice of material of traction motors play a significant role, several models of these types of induction motors are made with high performance materials such as low-less electrical steel sheet and low-resistivity conductors. These products have been gaining much popularity in the current industry scenario owing to its contribution towards a sustainable energy utilization source with increase in its application industries stretching to even in automobiles, conveyors and industrial machinery.

North America Electric Traction Motor Market Share, By Application (Electric Vehicles), 2017-2026

Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026

Segment Analysis

The global electric traction motor industry is segmented based on product type, power ratings, application and regional markets. Product or motor types are further segmented into DC and AC traction motors. The power rating segment is also divided into three groups including >400 kW, 200 kW to 400 kW and <200 kW segments. Application category is broadly segmented into railway, electric vehicles and others that include conveyors and industrial machinery. Railway segment is further segmented into three engine types (including electric, diesel and electric-diesel), rapid transit vehicles (electric multiple units, diesel multiple units, light rail vehicles, metro and subways trains), and railroad cars (including freight wagons and passenger coaches). The electric vehicle segment is further bifurcated into battery electric vehicles, hybrid electric vehicles, plug-in-hybrids and fuel cell vehicles.

The railway application sector was the largest segment in 2017. Electric traction motor were conventionally designed for its use in railway engines, but in the present industry scenario these equipments have made their way to the automotive industry as well which is the second largest end use segment. DC motors were the mainstay of electric traction drives for both the electric and electric-diesel engines. However, the modern locomotive engines use more of the AC motors as modern power electronics has eased the use of these equipments and has become the preferred type.

The modern AC motors are more efficient over the DC traction motors, however these are still used widely in several geographies and depending on operational requirements. The currently advanced electronic systems allow the control of AC motors more effectively to improve both traction and adhesion along with their robustness and ease of maintenance.

SAMPLE TABLE
North America Electric Traction Motor Market, By Power Rating, 2017 – 2026 (USD Million)

Regional Analysis

Asia Pacific was the largest regional market in 2017. China, Japan and India are the major manufacturers and even the consumers in the region. China’s current plans to increase intercity rail networks , possibly reaching 93,000 miles by 2020, along with mushrooming subway and light rail lines, the country is anticipated to account for over half of the global rail equipment expenditures in the next five years. Around 70 – 90 percent of the rail equipments are to be manufactured domestically as per the current plans. Such significant investment space provides the electric traction manufacturing industry to develop and grow to its potential.

Germany is yet another globally leading rail and transit manufacturing markets. The country’s rail and associated equipment manufacturing industry has been leading the worldwide industry technology underpinned by strong internal demand and even larger export sales. It contributes primarily to the European electric traction motor manufacturing industry.

Competitive Analysis

Some of the leading industry participants include Weg Sa, Toshiba, Skoda Electric, NIDE, General Electric (GE), CG Power, Bosch,  Siemen, Traktionssysteme Austria, Alsto and Crr.

Key questions answered by the report

  • What is the current market size and forecasts of electric traction motor
  • What is the market opportunity for electric traction motor
  • How big is the market size of end-use for electric traction motor
  • How much is the estimated market for electric traction motor in North America during the forecast period
  • What are the companies in this market and how are they classified
  • What are the available opportunities and who are the top market players in this space
  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
    4. Secondary data sources
    5. Key take-away
    6. Stakeholders
  2. Executive Summary
    1. Market Definition
    2. Market Segmentation
  3. Electric Traction Motor Market Insights
    1. Electric Traction Motor industry snapshot
    2. Electric Traction Motor technology outlook
    3. Electric Traction Motor market dynamics
      1. Electric Traction Motor Market driver analysis
      2. Electric Traction Motor Market restraint/challenges analysis
      3. Electric Traction Motor Market opportunity analysis
    4. Industry analysis - Porter's five force
      1. Bargaining power of supplier
      2. Bargaining power of buyer
      3. Threat of substitute
      4. Threat of new entrant
      5. Degree of competition
    5. Electric Traction Motor market PEST analysis, 2017
    6. Electric Traction Motor industry trends
    7. Competitive company ranking analysis
  4. Electric Traction Motor Market Size and Forecast by Product Type
    1. Key Findings
    2. DC Traction Motors
      1. Global Market Estimates and Forecasts, 2017-2026
    3. AC Traction Motors
      1. Global Market Estimates and Forecasts, 2017-2026
  5. Electric Traction Motor Market Size and Forecast by Power Ratings
    1. Key Findings
    2. >400 kW
      1. Global Market Estimates and Forecasts, 2017-2026
    3. 200 kW to 400 kW
      1. Global Market Estimates and Forecasts, 2017-2026
    4. <200 kW
      1. Global Market Estimates and Forecasts, 2017-2026
  6. Electric Traction Motor Market Size and Forecast by Application
    1. Key Findings
    2. Railway
      1. Global Market Estimates and Forecasts, 2017-2026
      2. Engine Type
        1. Global Market Estimates and Forecasts, 2017-2026
        2. Electric Engines
          1. Global Market Estimates and Forecasts, 2017-2026
        3. Diesel Engines
          1. Global Market Estimates and Forecasts, 2017-2026
        4. Diesel-Electric Engines
          1. Global Market Estimates and Forecasts, 2017-2026
      3. Rapid Transit Vehicles
        1. Global Market Estimates and Forecasts, 2017-2026
        2. Electric Multiple Units
          1. Global Market Estimates and Forecasts, 2017-2026
        3. Diesel Multiple Units
          1. Global Market Estimates and Forecasts, 2017-2026
        4. Light Rail Vehicles
          1. Global Market Estimates and Forecasts, 2017-2026
      4. Railroad Cars
        1. Global Market Estimates and Forecasts, 2017-2026
        2. Freight Wagons
          1. Global Market Estimates and Forecasts, 2017-2026
        3. Passenger Coaches
          1. Global Market Estimates and Forecasts, 2017-2026
    3. Electric Vehicles
      1. Global Market Estimates and Forecasts, 2017-2026
      2. Battery Electric Vehicles
        1. Global Market Estimates and Forecasts, 2017-2026
      3. Hybrid Electric Vehicles
        1. Global Market Estimates and Forecasts, 2017-2026
      4. Plug-In Hybrid Vehicles
        1. Global Market Estimates and Forecasts, 2017-2026
      5. Fuel Cell Vehicles
        1. Global Market Estimates and Forecasts, 2017-2026
    4. Other Application Segments (including Conveyors, Industrial Machinery, Elevators)
      1. Global Market Estimates and Forecasts, 2017-2026
  7. Electric Traction Motor Market Size and Forecast by Regions
    1. Key findings
    2. North America
      1. Electric traction motor market by product type, 2017 - 2026
      2. Electric Traction Motor market by power rating type, 2017 - 2026
      3. Electric Traction Motor market by application type, 2017 - 2026
      4. U.S.
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
      5. Canada
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
    3. Europe
      1. Electric Traction Motor market by product type, 2017 - 2026
      2. Electric Traction Motor market by power rating type, 2017 - 2026
      3. Electric Traction Motor market by application type, 2017 - 2026
      4. Germany
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
      5. UK
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
      6. France
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
    4. Asia Pacific
      1. Electric Traction Motor market by product type, 2017 - 2026
      2. Electric Traction Motor market by power rating type, 2017 - 2026
      3. Electric Traction Motor market by application type, 2017 - 2026
      4. China
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
      5. India
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
      6. Japan
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
    5. Latin America
      1. Electric Traction Motor market by product type, 2017 - 2026
      2. Electric Traction Motor market by power rating type, 2017 - 2026
      3. Electric Traction Motor market by application type, 2017 - 2026
      4. Brazil
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
      5. Mexico
        1. Electric Traction Motor market by product type, 2017 - 2026
        2. Electric Traction Motor market by power rating type, 2017 - 2026
        3. Electric Traction Motor market by application type, 2017 - 2026
    6. Middle East & Africa
      1. Electric Traction Motor market by product type, 2017 - 2026
      2. Electric Traction Motor market by power rating type, 2017 - 2026
      3. Electric Traction Motor market by application type, 2017 - 2026
  8. Company Profiles
    1. Skoda Electric
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. NIDEC
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Toshiba
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Crrc
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Traktionssysteme Austria
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. Alstom
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. ABB
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Development
    8. Siemens
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. CG Power
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. General Electric (GE)
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    11. Toshiba
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL Analysis
  • Value Chain Analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for motor type up to 2026
  • Market revenue estimates for power rating up to 2026
  • Market revenue estimates for application up to 2026
  • Regional market size and forecast for motor type segments up to 2026
  • Regional market size and forecast for power rating segments up to 2026
  • Regional market size and forecast for application segments up to 2026
  • Company financials

At Polaris Market Research, we engage in the most iterative and comprehensive research methodology which primarily focuses on providing the most accurate market forecasts and research data content enabling you to gain unprecedented business acumen. The company chiefly utilizes top-down and bottom up approaches, for both qualitative market estimations and market segmentations. We boast of our expertise in skillfully using data triangulation for looking at the market from the 3 main perspectives of primary data mining, dedicated statistical model and framework, data validation from primary sources.

The groundwork of data mining is initiated by picking up the raw data of markets analysis through sets of reliable and validated websites, analyst reviews and press releases; whitepapers, reputed paid databases such as Factiva, Hoovers, OneSource etc. and from hordes of data consolidated in our repository. Technical data and trends are collaborated through in-depth surveys and trade journals. Pricing trends and industry dynamics are gauged from authenticated sources.

This raw data is analyzed and identified in detail for the market impact. The market estimation and forecasts are derived through specific data simulation models. A collaborative amalgamation for market forecast and estimation is performed through technology analysis, economic tools, and domain expertise. Ideally a bottom-up approach is preferred for obtaining global market estimates and to derive an expected market growth rate.

The analyzed data, assumptions and findings are validated through primary sources by conducting exhaustive primary interviews including telephonic discussions, face-to face discussions and focused group discussions. Majority of the key industry participants for our primary discussions include C-level executives, supply-chain participants, distributors and domain experts, key customers and B2B clients.

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