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Electric Traction Motor Market by Type (AC and DC), Power Rating (<200 kW, 200 kW to 400 kW, and >400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region - Global Forecast to 2023

Electric Traction Motor Market by Type (AC and DC), Power Rating (<200 kW, 200 kW to 400 kW, and >400 kW), Application (Railway, Electric Vehicles, Elevators, Conveyors, and Industrial Machinery), and Region - Global Forecast to 2023

“The electric traction motor market is projected to grow at a CAGR of 18.10%, from 2018 to 2023.”
The electric traction motor market is projected to grow from an estimated USD 12.41 billion in 2018 to USD 28.51 billion by 2023, at a CAGR of 18.10% from 2018 to 2023. Increasing investments in the railway sector, high demand for efficient motors for propulsion application, and growing focus on electric vehicles to reduce carbon emissions are driving the market for electric traction motor across the world. Price volatility of raw materials such as copper and aluminum would act as a restraint for the electric traction motor market.

“The railway segment is expected to hold the largest share of the electric traction motor market, by application, during the forecast period.”
The railway segment of the global electric traction motor market is expected to grow at a fast pace during the forecast period. This can be attributed to the rapid growth in the population in developing regions such as the Middle East and Asia Pacific along with rising urbanization across the world. An increasing focus on speed control and high starting torque required by rail vehicles and the rising investment in rolling stock are the major drivers for the railway applications segment.

“Asia Pacific: The largest and the fastest growing market for electric traction motor.”
Asia Pacific is expected to be the largest market for electric traction motor in 2018, followed by Europe and North America. China and Japan are expected to be the largest markets for electric traction motors in the region due to significant investments being made in the railway sector. Europe is the second largest market for electric traction motor, followed by North America and Middle East & Africa. Increasing investment in the aging railway sector and growing focus on electric vehicles would boost the demand for electric traction motor. The electric traction motor market is also growing at a good pace in countries such as India, Australia, and South Korea due to increasing investment in railway projects, especially related to high speed rail and metro trains.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, Tier 3- 20%
By Designation: C-Level- 35%, D-Level- 25%, Others- 40%
By Region: Asia Pacific - 30%, North America - 20%, Europe - 20%, South America - 5%, Middle East & Africa - 25%.

Note: The tier of the companies has been defined based on their total revenue, as of 2016: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 =
The leading players in the electric traction motor market are CRRC (China), Alstom (France), TSA (Austria), Bosch (Germany), Siemens (Germany), and ABB (Switzerland).

Research Coverage:
The report provides a picture of the electric traction motor market across the motor industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, power rating, application, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

The report provides insights on the following pointers:

Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the electric traction motor market

Market Development: Comprehensive information about lucrative emerging markets; the report analyzes the markets for electric traction motor across regions

Market Diversification: Exhaustive information about new products, untapped markets, recent developments, and investments in the global electric traction motor market

Why Buy this Report?
1. The report identifies and addresses key markets for the implementation of electric traction motor products in various industries, which would help manufacturers review the growth in demand.
2. The report would help solutions providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
3. The report would help key players understand the strategies of their competitors better and will help in making strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN & DATA TRIANGULATION
    • ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • Table GLOBAL ELECTRIC TRACTION MOTOR MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE ELECTRIC TRACTION MOTOR MARKET, 2018–2023
    • ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY
    • ELECTRIC TRACTION MOTOR MARKET, BY TYPE
    • ELECTRIC TRACTION MOTOR MARKET, BY POWER RATING
    • ELECTRIC TRACTION MOTOR MARKET, BY APPLICATION
    • ASIA PACIFIC ELECTRIC TRACTION MOTOR MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • ELECTRIC TRACTION MOTOR MARKET, BY TYPE
    • INTRODUCTION
      • Table ELECTRIC TRACTION MOTOR MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
    • AC TRACTION MOTORS
      • Table AC TRACTION MOTORS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
    • DC TRACTION MOTORS
      • Table DC TRACTION MOTORS MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
  • ELECTRIC TRACTION MOTOR MARKET, BY POWER RATING
    • INTRODUCTION
      • Table ELECTRIC TRACTION MOTOR MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
    • <200 KW
      • Table MARKET FOR ELECTRIC TRACTION MOTORS WITH A POWER RATING OF <200 KW, BY REGION, 2016–2023 (USD MILLION)
    • 200 KW TO 400 KW
      • Table MARKET FOR ELECTRIC TRACTION MOTORS WITH A POWER RATING OF 200 KW TO 400 KW, BY REGION, 2016–2023 (USD MILLION)
    • >400 KW
      • Table MARKET FOR ELECTRIC TRACTION MOTORS WITH A POWER RATING OF >400 KW, BY REGION, 2016–2023 (USD MILLION)
  • ELECTRIC TRACTION MOTOR MARKET, BY APPLICATION
    • INTRODUCTION
      • Table ELECTRIC TRACTION MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • RAILWAY
      • Table ELECTRIC TRACTION MOTOR MARKET SIZE FOR RAILWAY APPLICATIONS, BY REGION, 2016–2023 (USD MILLION)
      • LOCOMOTIVES
      • RAPID TRANSIT VEHICLES
      • RAILROAD CARS
    • ELECTRIC VEHICLES
      • Table ELECTRIC TRACTION MOTOR MARKET SIZE FOR ELECTRIC VEHICLES, BY REGION, 2016–2023 (USD MILLION)
      • HYBRID ELECTRIC VEHICLES
      • BATTERY ELECTRIC VEHICLES
      • PLUG-IN HYBRID VEHICLES
      • FUEL CELL VEHICLES
    • OTHERS
      • Table ELECTRIC TRACTION MOTOR MARKET SIZE FOR OTHER APPLICATIONS, BY REGION, 2016–2023 (USD MILLION)
  • ELECTRIC TRACTION MOTOR MARKET, BY REGION
    • INTRODUCTION
      • Table ELECTRIC TRACTION MOTOR MARKET SIZE, BY REGION, 2016–2023 (USD MILLION)
      • Table TOP FIVE LARGEST ELECTRIC TRACTION MOTOR MARKETS, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table TOP FIVE FASTEST ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table RAILWAYS: TOP FIVE LARGEST ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table RAILWAY: TOP FIVE FASTEST ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table ELECTRIC VEHICLES: TOP FIVE LARGEST ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table ELECTRIC VEHICLES: TOP FIVE FASTEST ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table OTHER APPLICATIONS: TOP FIVE LARGEST ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
      • Table OTHER APPLICATIONS: TOP FIVE FASTEST ELECTRIC TRACTION MOTOR MARKET, BY COUNTRY, 2016–2023 (USD MILLION)
    • ASIA PACIFIC
      • BY TYPE
        • Table ASIA PACIFIC: ELECTRIC TRACTION MOTOR MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY POWER RATING
        • Table ASIA PACIFIC: ELECTRIC TRACTION MOTOR MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table ASIA PACIFIC: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table ASIA PACIFIC: ELECTRIC TRACTION MOTOR MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION
        • Table CHINA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table JAPAN: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table INDIA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table SOUTH KOREA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table REST OF ASIA PACIFIC: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • NORTH AMERICA
      • BY TYPE
        • Table NORTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY POWER RATING
        • Table NORTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table NORTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table NORTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table US: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table CANADA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table MEXICO: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • EUROPE
      • BY TYPE
        • Table EUROPE: ELECTRIC TRACTION MOTOR MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY POWER RATING
        • Table EUROPE: ELECTRIC TRACTION MOTOR MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table EUROPE: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table EUROPE: ELECTRIC TRACTION MOTOR MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table GERMANY: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table FRANCE: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table UK: ELECTRIC TRACTION MOTORS MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table ITALY: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table REST OF EUROPE: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • MIDDLE EAST & AFRICA
      • BY TYPE
        • Table MIDDLE EAST & AFRICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY POWER RATING
        • Table MIDDLE EAST & AFRICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table MIDDLE EAST & AFRICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table MIDDLE EAST & AFRICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY COUNTRY, 2016–2023 (USD BILLION)
        • Table SAUDI ARABIA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table UAE: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table SOUTH AFRICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table REST OF THE MIDDLE EAST: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
    • SOUTH AMERICA
      • BY TYPE
        • Table SOUTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY TYPE, 2016–2023 (USD MILLION)
      • BY POWER RATING
        • Table SOUTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY POWER RATING, 2016–2023 (USD MILLION)
      • BY APPLICATION
        • Table SOUTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
      • BY COUNTRY
        • Table SOUTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY COUNTRY, 2016–2023 (USD MILLION)
        • Table BRAZIL: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
        • Table REST OF SOUTH AMERICA: ELECTRIC TRACTION MOTOR MARKET SIZE, BY APPLICATION, 2016–2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2013–2018
      • CONTRACTS AND AGREEMENTS
      • EXPANSIONS AND INVESTMENTS
      • NEW PRODUCT LAUNCHES
      • OTHER STRATEGIES
  • COMPANY PROFILES
    • BENCHMARKING
    • CRRC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALSTOM
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • TRAKTIONSSYSTEME AUSTRIA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BOSCH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CG POWER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC (GE)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NIDEC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SKODA ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • TOSHIBA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • WEG SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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