In railways, traction motors are used in various locomotives such as diesel, diesel-electric, electric and electrical multiple units (EMUs) among others. Conventionally, the key source of energy used in locomotives across North America is diesel. However, the U.S. Environmental Protection Agency (EPA) mandates to reduce pollution are compelling the rail industry to focus on alternate sources of energy such as electricity, liquefied petroleum gas, and hydrogen among others. The market for traction motors is expected to continue growing at a substantial pace over the period of forecast, following the ongoing changes in railway transportation technologies, growing investments in development of high speed railway corridors, emphasis on passenger rails, and intensifying competition among manufacturers.
The report includes, analysis of macro and micro economic factors driving and restraining the growth of the North America railway traction motors market. Moreover, the market attractiveness analysis provided in the report, highlights the major areas for future investments in the North America railway traction motors industry. Value chain analysis of the railway traction motors market in North America is also provided in the report to present a comprehensive idea of the different entities operating in the industry. The report is intended to help traction motor suppliers and original equipment manufacturers (OEMs) in understanding the current and upcoming opportunities in the North America railway traction motors market and formulating their business strategies accordingly. In addition, the report is expected to benefit the governments, railroad organizations and other buyer communities.
This study includes the profiles of the major players in the North America railway traction motors market and the different strategies adopted by them to enhance growth and sustain in the competition. Moreover, strength, weakness, opportunity and threats (SWOT) analysis for each company has been included under the research scope. The key participants in the North America railway traction motors market include ABB Ltd. Alstom S.A., Siemens AG, Bombardier Inc., Hynundai Rotem Company, Mitsubishi Electric Corporation, Skoda Transportation a.s., Hitachi Ltd., Sulzer Ltd. and VEM Sachsenwerk GmbH among others.
North America Railway Traction Motors Market, 2016 – 2024: By Type
Direct Current (D.C.) Traction Motors
Alternating Current (A.C.) Traction Motors
Synchronous Alternating Current (A.C.) Traction Motors
North America Railway Traction Motors Market, 2016 – 2024: By Application
Electric Multiple Units (EMUs)
North America Railway Traction Motors Market, 2016 – 2024: By Geography
Read the full report: http://www.reportlinker.com/p04239934-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/railway-traction-motors-market---north-america-industry-analysis-size-share-growth-trends-and-forecast-2016---2024-300348962.html