Traction Motor Market Strong Extension In Revenue Continues | Hitachi, American Traction Systems, Hyundai Rotem

Traction motors are AC or DC electric motors that provide power to drive locomotives. Further, these motors offer high durability and deliver robust performance, owing to high power and superior mechanical susceptibility of heavy payloads. . The traction motors require high power to deliver the torque required to move the wheels, resulting in compact designs, efficient power-to-weight rations, and efficient cooling of the traction motors.

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Thus, torque motors have minimum torque ripple, reduced noise & vibrations, higher efficiency, and efficient cooling capabilities through open or forced ventilation. The growth of the global traction motor market is driven by volumetric surge in the transportation sector and the introduction of new vehicles, which are equipped with latest technologies. Moreover, increase in the requirement for advanced transports globally has led to the development and production of better and efficient traction system.
The global traction motor market is segmented based on application, type, power rating and region.

Based on application, the global traction motor market has been categorized into railways, electric vehicles and industrial vehicles. Based on types, the global traction motor market has been categorized into DC traction motor, AC traction motor and synchronous motor. Based on power rating, the market has been categorized into less than 200 kW, 200-400 kW and more than 400 kW. Also, based on region, the global traction motor market has been studied across North America, Europe, Asia-Pacific and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
- This study presents analytical depiction of the global traction motor market along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
- Porter;s five forces analysis illustrates the potency of the buyers and suppliers.

KEY PLAYERS
o ABB
o American Traction Systems
o Hitachi
o Hyundai Rotem
o CRRC
o Mitsubishi
o Siemens
o Skoda
o Toshiba
o Wabtec

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KEY MARKET SEGMENTS
By Application
o Railways
o Electric Vehicles
o Industrial Vehicles

By Types
o DC Traction Motor
o AC Traction Motor
o Synchronous Motor

By Power Rating
o Less than 200 kW
o 200-400 kW
o More than 400 kW

By Region
o North America
? U.S.
? Canada
? Mexico

o Europe
? Germany
? France
? UK
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa

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