Global Electric Traction Motor Market Analysis & Trends - Industry Forecast to 2028
The Global Electric Traction Motor Market is poised to grow strong during the forecast period 2018 to 2028. Some of the prominent trends that the market is witnessing include the adoption of IoT in railway propulsion system monitoring, increasing adoption of hybrid and electric vehicles, and growing digitalization in the electric motors.
Based on the power rating type, the market is segregated into above 400 kW, 200 kW to 400 kW, and below 200 kW. By product type, the market is fragmented into alternating current (AC) traction motors and direct current (DC) traction motors. On the basis of application, the market is classified into electric vehicles, railways, industrial machinery, and other applications.
The electric vehicles segment is subdivided into plug-in hybrid vehicles, hybrid electric vehicles, fuel cell vehicles, and battery electric vehicles. Railways segment is subcategorized into railroad cars, engine type, rapid transit vehicles, commuter rail, high-speed train, and locomotive. Railroad cars segment is sub-classified into freight wagons and passenger coaches. The engine type segment is subdivided into diesel-electric engines, electric engines, and diesel engines. Rapid transit vehicles segment is sub-segmented into diesel multiple units, electric multiple units, light rail vehicles, and metro and subways trains. Other applications segment is subcategorized into elevators and conveyors.
Amongst component, the market is segregated into services and hardware. The hardware segment is subdivided into inspection covers, pinion gears, brushes, bearings, and gasket kits.
This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
This report provides data tables, includes charts and graphs for visual analysis.
- Rest of Europe
- New Zealand
- Rest of Asia Pacific
- Saudi Arabia
- Rest of Middle East
- Rest of Latin America
Rest of the World
- South Africa
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
- Market opportunities and recommendations for new investments
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