Press release
Railway Traction Motor Market Global Growth Analysis and Forecast Report by 2025 | Industry Key Players - ABB, Aisin Seiki Co., Sulzer Ltd., ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corp., Saini Group, VEM Gruppe
Railway Traction Motor Market | Premium Market Insights
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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Companies Covered in this Report are:
ABB,
Aisin Seiki Co. Ltd.,
Sulzer Ltd.,
ALSTOM,
Bombardier,
BHEL,
Hyundai Rotem Company,
Mitsubishi Electric Corporation,
Saini Group,
VEM Gruppe.
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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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
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Contact Us:
Name: Sameer Joshi
Organization: Premium Market Insights
Email: sales@premiummarketinsights.com
Phone: +1-646-491-9876
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Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.
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