Global Railway Traction Motors Market Analysis Report 2023-2030: New Railway Projects and Consequent Rise in Locomotive and Bogie Production to Present Growth Prospects

DUBLIN, Nov. 23, 2023 /PRNewswire/ -- The "Railway Traction Motors - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Railway Traction Motors Market to Reach $14.6 Billion by 2030

The global market for Railway Traction Motors estimated at US$9.5 Billion in the year 2022, is projected to reach a revised size of US$14.6 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.

DC Motors, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$7.1 Billion by the end of the analysis period. Growth in the AC Motors segment is estimated at 5.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7.5% CAGR

The Railway Traction Motors market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

• Global Railways Market Growth Outlook (in %) for the Years 2019 through 2025
• Global Railways Market: % Annual Growth by Major Geographies for 2019-2025
• Rail Freight Transportation Comes Under Pressure Due to COVID-19 Pandemic
• Hurting Drop in Rail Cargo as COVID-19 Interrupts Transport Routes: Rail Freight Traffic Growth in the US (In %)
• Railways to Bounce Back in Post-COVID-19 Era
• Amidst Pandemic, Potential Opportunities Emerge in International Rail Travel
• Competition
• Railway Traction Motors - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Global Market Prospects & Outlook
• Developing Regions to Spearhead Long-term Growth
• An Introduction to Railway Traction Motors
• Types of Traction Motors in Locomotives
• AC Vs DC Systems
• Other Components Related to Rail Traction Motors
• Recent Market Activity
• Select Global Brands

MARKET TRENDS & DRIVERS

• New Railway Projects and Consequent Rise in Locomotive and Bogie Production to Present Growth Prospects for Traction Motors
• A Snapshot of Select Major Ongoing & Upcoming Projects Focused on Rail Freight Transport
• Rise in Rail Passenger and Freight Traffic: Potential for Growth
• Focus on Development of Urban Rail Transport Infrastructure to Propel Rail Traction Motors Market
• A Snapshot of Select Ongoing and Upcoming Metro Rail Projects
• Expanding Metro Train Network Drives Demand for Metro Train Components
• EMUs and Metro Railways
• Advancements in Engines and Motors to Propel the Market
• Imperative Need to Replace Aging Diesel Locomotives to Reduce Emissions Supports Market Growth
• Diesel-Electric Locomotives Changing the World
• As Governments Focus on Development of High-Speed Trains and Bullet Trains, Railway Traction Motors Market to Benefit
• Select High-speed Rail in Europe in Development by Country
• Global Level of Deployment of High-Speed Rail Lines by Select Leading Countries
• With Rail Freight Transport Being Indispensable for the Global Logistics Chain, Long-term Network Expansion Initiatives Bode Well for the Market
• World Trade Flows Determine Growth Dynamics of Rail Freight Transport Market, Setting Trends in the Traction Motors Market
• Development of Europe-Asia Railway Line and Resultant Rise in Trade Flows Augurs Well for the Market
• Advent of Solar Powered Trains Emerges as a Potential Driving Factor
• Growing Electrification of Rail Lines in Developing Economies Presents Growth Opportunity
• Concerns over Environmental Pollution and Need to Reduce Emissions Drive Demand for Efficient Railway Traction Motors
• Carbon Dioxide Emissions in Lbs Per Passenger by Transportation Mode
• Electric Traction Motors Market to Benefit from the Strengthening Trend towards Electric Locomotives
• Drive Systems Development
• Different Types of Electric Traction Systems
• Development of Diesel Engines Drive Focus onto Traction Motors
• AC Traction Units Hold an Edge Over DC Systems for Railways
• Advancements to Create Lighter, Smaller, and Efficient in Rail Traction Systems
• Monitoring of Rail Traction Monitoring Enables Timely Maintenance and Prevents Failures
• Aftermarket Presents Opportunities for Rail Traction Motors

FOCUS ON SELECT PLAYERS (Total 43 Featured)

• ABB Ltd.
• Bharat Heavy Electricals Ltd.
• Caterpillar, Inc.
• Kirloskar Electric Co., Ltd.
• Bombardier, Inc.
• Alstom SA
• BENNING Elektrotechnik und Elektronik GmbH & Co. KG
• Hyundai Motor Company
• Ingeteam Corporacion SA
• CG Power and Industrial Solutions Ltd.
• Dalian Dalmo Electric Motor Co., Ltd.
• Integrated Electric Co. Pvt., Ltd.
• CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
• Hyundai Rotem Company
• CRRC Zhuzhou Electric CO., Ltd

For more information about this report visit https://www.researchandmarkets.com/r/7k7ol9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected] 
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets