Insights on the Railway Traction Motor Global Market to 2027 - Rising Installation of High-capacity Lithium-ion Batteries in Rolling Stock Presents Opportunities - ResearchAndMarkets.com

The "Railway Traction Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global railway traction motor market reached a value of US$ 6.53 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 8.49 Billion by 2027, exhibiting a CAGR of 4.47% during 2021-2027.

Companies Mentioned

• ABB Ltd
• Alstom SA
• CG Power and Industrial Solutions Limited (Murugappa Group)
• Hitachi Ltd.
• Hyundai Motor Company
• Mitsubishi Electric Corporation
• Saini Group
• Siemens Aktiengesellschaft
• Sulzer Ltd.
• VEM Group.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Railway traction motors are electric motors generating power for rotating wheels of the train. They have a sealed structure, which prevents dust intrusion and requires less maintenance, and improved accessory devices like cooling fans that help keep noise levels low. They are highly reliable due to the integration of the stator using high-frequency heating. As a result, railway traction motors find extensive applications in electric multiple units (EMU) and diesel, electric, and diesel-electric locomotives across the globe.

At present, there is a rise in the expansion of the railway network around the world, which assists in transporting goods and products across longer distances compared to roadways. This represents one of the key factors driving the market. Moreover, there are various benefits of traction motors, which include compact design, power efficiency, and durability.

This, coupled with different initiatives undertaken by governments of numerous countries to promote the usage of electric motors, is stimulating the growth of the market. In addition, there is an increase in the electrification of railway networks and the conversion of conventional diesel locomotives into electric locomotives.

In line with this, the rising installation of high-capacity lithium-ion batteries in rolling stock and using them in traction power is offering lucrative growth opportunities to industry investors and key market players.

These players are extensively investing in research and development (R&D) activities for enhancing railway systems, which is enabling them to bolster their overall sales and increase profitability. Besides this, rising investments in electric vehicles (EVs) and the growing need to reduce carbon emissions worldwide are other factors catalyzing the demand for railway traction motors.

Key Questions Answered in This Report:

• How has the global railway traction motor market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global railway traction motor market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global railway traction motor market and who are the key players?
• What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Railway Traction Motor Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Type

6.1 DC Traction Motor

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 AC Traction Motor

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Synchronous AC Traction Motor

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Application

7.1 Diesel Locomotive

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Electric Multiple Units

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Electric Locomotives

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 Diesel-Electric Locomotives

7.4.1 Market Trends

7.4.2 Market Forecast

8 Market Breakup by Region

9 SWOT Analysis

10 Value Chain Analysis

11 Porters Five Forces Analysis

12 Price Analysis

13 Competitive Landscape

13.1 Market Structure

13.2 Key Players

13.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/93si60

View source version on businesswire.com: https://www.businesswire.com/news/home/20220810005378/en/