Railway Traction Motor Market size to grow by USD 2.44 billion from 2021 to 2026, Driven by the railway infrastructure development in Asian countries - Technavio

 NEW YORK, March 29, 2023 /PRNewswire/ -- The railway traction motor market size is expected to grow by USD 2.44 billion from 2021 to 2026 at a CAGR of 5%, according to Technavio. The railway traction motor market is segmented by type (DC motors, AC motors, and synchronous motors) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The market is fragmented and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., ALSTOM SA, American Traction Systems, Bharat Heavy Electricals Ltd., Electric Motor Services Inc., HaslerRail AG, Hyundai Heavy Industries Group, Kirloskar Electric Co. Ltd., Medha Servo Drives Pvt. Ltd., Mitsubishi Electric Corp., PowerRail, Rotomac Electricals Pvt. Ltd., Saini Group, Sherwood Electromotion Inc., Siemens AG, Sulzer Ltd., Toshiba Corp., Traktionssysteme Austria GmbH, VEM Group, and Wabtec Corp. are some of the major market participants. For more details about the market - Request a sample report.

Railway Traction Motor Market 2022-2026: Segmentation

The market share growth by the DC motors segment will be significant during the forecast period. The wide use of DC motors on trains due to their high torque and speed control will drive segment growth. Traditionally, the resistance switching was done manually by the drivers but technological developments have led to the integration of relay systems that execute the switching operations automatically. By switching the series resistance in and out of the circuit, DC motors can control the speed.

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Geographic Analysis

APAC is estimated to contribute 41% to the global market growth during the forecast period. China, India, and Russia are the key markets for railway traction motors in the region. Market growth in this region is estimated to be faster than the growth of the market in other regions. The continuous development of railway infrastructure in developing countries will facilitate the railway traction motor market growth in APAC over the forecast period. 

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• ABB Ltd. - The company offers railway traction motors that are tailor-made to customer requirements and to the operation conditions of each train that it powers, enabling superior efficiency, lowest energy consumption, and high reliability.
• ALSTOM SA - The company offers railway traction motors from 50 kW to 1600 kW to suit all types of rolling stock and their different operating and integration requirements and generate performance, reliability, energy savings, and life cycle costs.
• Bharat Heavy Electricals Ltd. - The company offers railway traction motors that offer low investment cost, reliable, high-efficiency operation with reduced maintenance need for the low running cost.

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist railway traction motor market growth during the next five years
• Estimation of the railway traction motor market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the railway traction motor market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of railway traction motor market vendors

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1 Executive Summary

• 1.1 Market overview

• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem

• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition

• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis

• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026

• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-yeCOVID-19h 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary

• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers

• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers

• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants

• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes

• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry

• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition

• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments

• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type

• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 DC motors - Market size and forecast 2021-2026

• Exhibit 28: Chart on DC motors - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on DC motors - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on DC motors - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on DC motors - Year-over-year growth 2021-2026 (%)

• 5.4 AC motors - Market size and forecast 2021-2026

• Exhibit 32: Chart on AC motors - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on AC motors - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on AC motors - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on AC motors - Year-over-year growth 2021-2026 (%)

• 5.5 Synchronous motors - Market size and forecast 2021-2026

• Exhibit 36: Chart on Synchronous motors - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Synchronous motors - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Synchronous motors - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Synchronous motors - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type

• Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview

• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation

• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison

• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026

• Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026

• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026

• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 Middle East and Africa - Market size and forecast 2021-2026

• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.7 South America - Market size and forecast 2021-2026

• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026

• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026

• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026

• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026

• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Russia - Market size and forecast 2021-2026

• Exhibit 82: Chart on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Russia - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Russia - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography

• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges

• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape

• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption

• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks

• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered

• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors

• Exhibit 92: Matrix on vendor position and classification

• 10.3 ABB Ltd.

• Exhibit 93: ABB Ltd. - Overview
• Exhibit 94: ABB Ltd. - Business segments
• Exhibit 95: ABB Ltd. - Key news
• Exhibit 96: ABB Ltd. - Key offerings
• Exhibit 97: ABB Ltd. - Segment focus

• 10.4 ALSTOM SA

• Exhibit 98: ALSTOM SA - Overview
• Exhibit 99: ALSTOM SA - Business segments
• Exhibit 100: ALSTOM SA - Key news
• Exhibit 101: ALSTOM SA - Key offerings
• Exhibit 102: ALSTOM SA - Segment focus

• 10.5 Bharat Heavy Electricals Ltd.

• Exhibit 103: Bharat Heavy Electricals Ltd. - Overview
• Exhibit 104: Bharat Heavy Electricals Ltd. - Business segments
• Exhibit 105: Bharat Heavy Electricals Ltd. - Key news
• Exhibit 106: Bharat Heavy Electricals Ltd. - Key offerings
• Exhibit 107: Bharat Heavy Electricals Ltd. - Segment focus

• 10.6 Hyundai Heavy Industries Group

• Exhibit 108: Hyundai Heavy Industries Group - Overview
• Exhibit 109: Hyundai Heavy Industries Group - Business segments
• Exhibit 110: Hyundai Heavy Industries Group - Key offerings
• Exhibit 111: Hyundai Heavy Industries Group - Segment focus

• 10.7 Kirloskar Electric Co. Ltd.

• Exhibit 112: Kirloskar Electric Co. Ltd. - Overview
• Exhibit 113: Kirloskar Electric Co. Ltd. - Business segments
• Exhibit 114: Kirloskar Electric Co. Ltd. - Key offerings
• Exhibit 115: Kirloskar Electric Co. Ltd. - Segment focus

• 10.8 Medha Servo Drives Pvt. Ltd.

• Exhibit 116: Medha Servo Drives Pvt. Ltd. - Overview
• Exhibit 117: Medha Servo Drives Pvt. Ltd. - Product / Service
• Exhibit 118: Medha Servo Drives Pvt. Ltd. - Key offerings

• 10.9 Mitsubishi Electric Corp.

• Exhibit 119: Mitsubishi Electric Corp. - Overview
• Exhibit 120: Mitsubishi Electric Corp. - Business segments
• Exhibit 121: Mitsubishi Electric Corp. - Key news
• Exhibit 122: Mitsubishi Electric Corp. - Key offerings
• Exhibit 123: Mitsubishi Electric Corp. - Segment focus

• 10.10 Rotomac Electricals Pvt. Ltd.

• Exhibit 124: Rotomac Electricals Pvt. Ltd. - Overview
• Exhibit 125: Rotomac Electricals Pvt. Ltd. - Product / Service
• Exhibit 126: Rotomac Electricals Pvt. Ltd. - Key offerings

• 10.11 Saini Group

• Exhibit 127: Saini Group - Overview
• Exhibit 128: Saini Group - Product / Service
• Exhibit 129: Saini Group - Key offerings

• 10.12 Siemens AG

• Exhibit 130: Siemens AG - Overview
• Exhibit 131: Siemens AG - Business segments
• Exhibit 132: Siemens AG - Key news
• Exhibit 133: Siemens AG - Key offerings
• Exhibit 134: Siemens AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist

• Exhibit 135: Inclusions checklist
• Exhibit 136: Exclusions checklist

• 11.3 Currency conversion rates for US$

• Exhibit 137: Currency conversion rates for US$

• 11.4 Research methodology

• Exhibit 138: Research methodology
• Exhibit 139: Validation techniques employed for market sizing
• Exhibit 140: Information sources

• 11.5 List of abbreviations

• Exhibit 141: List of abbreviations

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