Global Electric Traction Motor Market size is expected to reach US$ 68.60 Bn. by 2029, growing at a CAGR of 19.39% during the forecast period. Growing investments in the railway sector, high demand for effective motors for propulsion application, and rising focus on electric vehicles to condense carbon emissions are driving the market for electric traction motor across the globe. The electric traction motor market is also increasing at a good step in countries includes India, Australia, and South Korea owing to growing investment in railway projects, specifically related to high speed rail and metro trains. Furthermore, fluctuation in the price of raw materials such as copper and aluminium is expected to limiting the growth in the electric traction motor market.To know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. The innovation of passenger railcars is expected to gain impulse because of the increasing focus of rolling stock manufacturers, railroad companies, and government authorities to invention solutions for the stable increase in railway traffic across emergent and developed countries. In order to sustenance air conditioners, vehicles might reasonably increase their power consumption and ultimately raise the demand for electric traction systems. The objective of the report is to present a comprehensive assessment of the global electric traction motor market and contains considerate insights, facts, historical data, industry-validated market data and projections with appropriate set of traditions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments by material, type, end-user and region and, project the global market size. Report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in global electric traction motor market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment. AC motor is the most favoured type. AC motors offer advantages includes it is simple for manufacturing as this type necessitates no mechanical contracts for its functioning, lighter equated to DC motors for an equivalent amount of power. Usage of modern and advanced electronics permits the AC units to be meticulous efficiently to expand traction and adhesion. It can be measured with microprocessors to a precise degree which also helps in redeveloping current down to stop. DC regeneration declines quickly at low speeds. Furthermore, AC motors are robust and easier to sustain than DC motors. These products are most widely used in many applications such as electric vehicles, conveyors and industrial machinery in the present industry space. It automobiles sectors, AC motors have a higher share of application. These are the factors, which are expected to increase demand for AC motor. The railway segment is estimated to share major contribution in the global electric traction motor market. The growth in the market is attributed to the increasing infrastructure of a railway across the globe. A growing focus on speed control and high starting torque essential by rail vehicles and the increasing investment in rolling stock are the major drivers for the railway applications segment. The Asia Pacific is expected to lead global electric traction systems market, which is also projected optimistic sign for the region to continue its dominance during the forecast year. Increasing development of the transportation infrastructure, which includes railway connections, hybrid electric vehicles, high-speed bullet trains, and metro rail systems are expected to boost the global electric traction systems market in this region. Increasing demand for rolling stock for narrow gauge and industrial railways, including diesel-electric, hybrid, and electric locomotives during forecast year is expected to contribute major market share by positive development of the electric traction systems.
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Electric Traction Motor Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 19.84 Bn. Forecast Period 2023 to 2029 CAGR: 19.39% Market Size in 2029: US $ 68.60 Bn. Segments Covered: by Power Rating <200 kW 200 kW to 400 kW >400 kW by Type AC DC by Application Railway Electric Vehicle Elevators Conveyors Industrial Machinery Electric Traction Motor Market, By Geography
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Electric Traction Motor Market Key Players are:
1. Schneider Electric SE 2. The Curtiss-Wright Corporation 3. Prodrive Technologies 4. Toshiba Corporation 5. General Electric Co. 6. CG Power and Industrial Solutions Ltd. 7. Aisin 8. ABB, Ltd. 9. Alstom S.A. 10.Siemens AG 11.Delphi Automotive LLP 12.Voith GmbH 13.Mitsubishi Electric Corporation 14.Bombardier Inc. 15.American Traction Systems 16.VEM Group 17.Caterpillar Inc. 18.TTM Rail - Transtech Melbourne Pty Ltd. 19.Kawasaki Heavy Industries Ltd. 20.Traktionssysteme Austria GmbH 21.Hyundai Rotem Company 22.Hitachi, Ltd. 23.Ansaldo Signalling 24.Magna InternationalFrequently Asked questions
1. What is the market size of the Global Electric Traction Motor Market in 2022? Ans. The market size Global Electric Traction Motor Market in 2022 was US$ 19.84 Billion. 2. What are the different segments of the Global Electric Traction Motor Market? Ans. The Global market is divided into Power Rating, Application and Type. 3. What is the study period of this market? Ans. The Global market will be studied from 2022 to 2029. 4. Which region is expected to hold the highest Global Electric Traction Motor Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Electric Traction Motor Market? Ans. The Forecast Period of the market is 2023-2029 in the market.
1. Electric Traction Motor Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Electric Traction Motor Market: Dynamics 2.1. Electric Traction Motor Market Trends by Region 2.1.1. North America Electric Traction Motor Market Trends 2.1.2. Europe Electric Traction Motor Market Trends 2.1.3. Asia Pacific Electric Traction Motor Market Trends 2.1.4. Middle East and Africa Electric Traction Motor Market Trends 2.1.5. South America Electric Traction Motor Market Trends 2.2. Electric Traction Motor Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Electric Traction Motor Market Drivers 2.2.1.2. North America Electric Traction Motor Market Restraints 2.2.1.3. North America Electric Traction Motor Market Opportunities 2.2.1.4. North America Electric Traction Motor Market Challenges 2.2.2. Europe 2.2.2.1. Europe Electric Traction Motor Market Drivers 2.2.2.2. Europe Electric Traction Motor Market Restraints 2.2.2.3. Europe Electric Traction Motor Market Opportunities 2.2.2.4. Europe Electric Traction Motor Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Electric Traction Motor Market Drivers 2.2.3.2. Asia Pacific Electric Traction Motor Market Restraints 2.2.3.3. Asia Pacific Electric Traction Motor Market Opportunities 2.2.3.4. Asia Pacific Electric Traction Motor Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Electric Traction Motor Market Drivers 2.2.4.2. Middle East and Africa Electric Traction Motor Market Restraints 2.2.4.3. Middle East and Africa Electric Traction Motor Market Opportunities 2.2.4.4. Middle East and Africa Electric Traction Motor Market Challenges 2.2.5. South America 2.2.5.1. South America Electric Traction Motor Market Drivers 2.2.5.2. South America Electric Traction Motor Market Restraints 2.2.5.3. South America Electric Traction Motor Market Opportunities 2.2.5.4. South America Electric Traction Motor Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Electric Traction Motor Industry 2.8. Analysis of Government Schemes and Initiatives For Electric Traction Motor Industry 2.9. Electric Traction Motor Market Trade Analysis 2.10. The Global Pandemic Impact on Electric Traction Motor Market 3. Electric Traction Motor Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 3.1.1. <200 kW 3.1.2. 200 kW to 400 kW 3.1.3. >400 kW 3.2. Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 3.2.1. AC 3.2.2. DC 3.3. Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 3.3.1. Railway 3.3.2. Electric Vehicle 3.3.3. Elevators 3.3.4. Conveyors 3.3.5. Industrial Machinery 3.4. Electric Traction Motor Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Electric Traction Motor Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 4.1.1. <200 kW 4.1.2. 200 kW to 400 kW 4.1.3. >400 kW 4.2. North America Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 4.2.1. AC 4.2.2. DC 4.3. North America Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 4.3.1. Railway 4.3.2. Electric Vehicle 4.3.3. Elevators 4.3.4. Conveyors 4.3.5. Industrial Machinery 4.4. North America Electric Traction Motor Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 4.4.1.1.1. <200 kW 4.4.1.1.2. 200 kW to 400 kW 4.4.1.1.3. >400 kW 4.4.1.2. United States Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 4.4.1.2.1. AC 4.4.1.2.2. DC 4.4.1.3. United States Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 4.4.1.3.1. Railway 4.4.1.3.2. Electric Vehicle 4.4.1.3.3. Elevators 4.4.1.3.4. Conveyors 4.4.1.3.5. Industrial Machinery 4.4.2. Canada 4.4.2.1. Canada Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 4.4.2.1.1. <200 kW 4.4.2.1.2. 200 kW to 400 kW 4.4.2.1.3. >400 kW 4.4.2.2. Canada Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 4.4.2.2.1. AC 4.4.2.2.2. DC 4.4.2.3. Canada Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 4.4.2.3.1. Railway 4.4.2.3.2. Electric Vehicle 4.4.2.3.3. Elevators 4.4.2.3.4. Conveyors 4.4.2.3.5. Industrial Machinery 4.4.3. Mexico 4.4.3.1. Mexico Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 4.4.3.1.1. <200 kW 4.4.3.1.2. 200 kW to 400 kW 4.4.3.1.3. >400 kW 4.4.3.2. Mexico Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 4.4.3.2.1. AC 4.4.3.2.2. DC 4.4.3.3. Mexico Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 4.4.3.3.1. Railway 4.4.3.3.2. Electric Vehicle 4.4.3.3.3. Elevators 4.4.3.3.4. Conveyors 4.4.3.3.5. Industrial Machinery 5. Europe Electric Traction Motor Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.2. Europe Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.3. Europe Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 5.4. Europe Electric Traction Motor Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.1.2. United Kingdom Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.1.3. United Kingdom Electric Traction Motor Market Size and Forecast, by Application(2022-2029) 5.4.2. France 5.4.2.1. France Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.2.2. France Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.2.3. France Electric Traction Motor Market Size and Forecast, by Application(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.3.2. Germany Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.3.3. Germany Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.4.2. Italy Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.4.3. Italy Electric Traction Motor Market Size and Forecast, by Application(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.5.2. Spain Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.5.3. Spain Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.6.2. Sweden Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.6.3. Sweden Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.7.2. Austria Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.7.3. Austria Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 5.4.8.2. Rest of Europe Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 5.4.8.3. Rest of Europe Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Electric Traction Motor Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.2. Asia Pacific Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.3. Asia Pacific Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4. Asia Pacific Electric Traction Motor Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.1.2. China Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.1.3. China Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.2.2. S Korea Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.2.3. S Korea Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.3.2. Japan Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.3.3. Japan Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.4. India 6.4.4.1. India Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.4.2. India Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.4.3. India Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.5.2. Australia Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.5.3. Australia Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.6.2. Indonesia Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.6.3. Indonesia Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.7.2. Malaysia Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.7.3. Malaysia Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.8.2. Vietnam Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.8.3. Vietnam Electric Traction Motor Market Size and Forecast, by Application(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.9.2. Taiwan Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.9.3. Taiwan Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 6.4.10.2. Rest of Asia Pacific Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 6.4.10.3. Rest of Asia Pacific Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Electric Traction Motor Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 7.2. Middle East and Africa Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 7.3. Middle East and Africa Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 7.4. Middle East and Africa Electric Traction Motor Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 7.4.1.2. South Africa Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 7.4.1.3. South Africa Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 7.4.2.2. GCC Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 7.4.2.3. GCC Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 7.4.3.2. Nigeria Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 7.4.3.3. Nigeria Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 7.4.4.2. Rest of ME&A Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 7.4.4.3. Rest of ME&A Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 8. South America Electric Traction Motor Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 8.2. South America Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 8.3. South America Electric Traction Motor Market Size and Forecast, by Application(2022-2029) 8.4. South America Electric Traction Motor Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 8.4.1.2. Brazil Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 8.4.1.3. Brazil Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 8.4.2.2. Argentina Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 8.4.2.3. Argentina Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Electric Traction Motor Market Size and Forecast, by Power Rating (2022-2029) 8.4.3.2. Rest Of South America Electric Traction Motor Market Size and Forecast, by Type (2022-2029) 8.4.3.3. Rest Of South America Electric Traction Motor Market Size and Forecast, by Application (2022-2029) 9. Global Electric Traction Motor Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Electric Traction Motor Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Schneider Electric SE 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. The Curtiss-Wright Corporation 10.3. Prodrive Technologies 10.4. Toshiba Corporation 10.5. General Electric Co. 10.6. CG Power and Industrial Solutions Ltd. 10.7. Aisin 10.8. ABB, Ltd. 10.9. Alstom S.A. 10.10. Siemens AG 10.11. Delphi Automotive LLP 10.12. Voith GmbH 10.13. Mitsubishi Electric Corporation 10.14. Bombardier Inc. 10.15. American Traction Systems 10.16. VEM Group 10.17. Caterpillar Inc. 10.18. TTM Rail - Transtech Melbourne Pty Ltd. 10.19. Kawasaki Heavy Industries Ltd. 10.20. Traktionssysteme Austria GmbH 10.21. Hyundai Rotem Company 10.22. Hitachi, Ltd. 10.23. Ansaldo Signalling 10.24. Magna International 11. Key Findings 12. Industry Recommendations 13. Electric Traction Motor Market: Research Methodology 14. Terms and Glossary