Overview

Electric traction motor is a type of electric motor which is used for propulsion of a vehicle. It is used in electrically powered rail vehicles such as electric multiple units and electric locomotives. Furthermore, traction motor is installed in fully hybrid and battery electric vehicles. Permanent magnet synchronous motor and asynchronous motors are two main types of traction motor which is currently driving the electric traction motors.

The growing demand for electric traction motor market is attributed to the increasing investment in electric vehicles which would help in reducing carbon emission. This would in turn require energy efficient electric traction motors. Growing focus on electric vehicles in order to reduce carbon emissions is expected to create an opportunity for market players to boost the growth of electric traction motor market during the forecast period. One of the major restraints for the global electric traction motor market is the volatility in raw material prices.

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Industry Segmentation

Global electric traction motors market has been segmented based on type, power rating, application, and region.

Based on type, the market is classified into AC motors and DC motors.

The global electric traction motor market is further segmented based on power rating, including 400 kW.

Railway segment of the global electric traction motor market is estimated to register the highest growth rate during the forecast period.

Regional Outlook

Region wise, Asia Pacific held the largest market share of the global electric traction motor market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment in railway sector, rising urbanization and proliferation of electrification. Europe region holds significant market share and is expected to dominate the global electric traction motor market in terms of revenue contribution. Germany is leading country contributing to the growth of the European market. The market is mainly driven by factors such as the gradual shift from diesel-based to diesel-electric locomotives and electric locomotives.

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Leading Players

CRRC (China), Alstom (France), ABB (Switzerland), GE (US), Siemens (Germany), Traktionsysteme Austria, Bosch (Germany), CG Power (India), Nidec (Japan), and Skoda Electric (Czech Republic).

Scope of the Report

This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global electric traction motor market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing & cost analysis

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