Polaris Market Research’s new report ‘Electric Traction Motors Market [By Product Type (DC and AC Traction Motors), By Power Ratings (>400 kW, 200kW to 400 kW, ’ indicates that the global electric traction motors market generated USD 11.5 billion in 2017 and is anticipated to grow at a CAGR of 16.7% during the forecast period.
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Electric traction motors demand has been increasing with growing demand for railway transport worldwide. Traction motor systems are made of a rotor and a stator. Application of these products in locomotives has significantly contributed to enhance sustainability in energy consumption in the industry. Industry participants have come up with several technological advancements in the present industry scenario in an attempt to enhance the efficiency of these traction motors. Some of these include utilization of low-loss materials such as electrical steel sheets, application of high efficiency induction motors, invention of high-performance magnet materials has enabled the application of permanent magnet synchronous motors to railway traction equipments, totally enclosed induction traction motors, direct drive traction motors and traction motors for high speed trains. The market space for these equipments has become significantly competitive over the last decade. Most of the manufacturers launch enhanced versions of their products within short time frame in order to secure contract agreements with massive projects. The multinational players mostly find an advantage to these type of country specific tenders for supply of these equipments owing to an edge from the comparatively smaller companies in terms of economics and this has been the current industry rivalry scenario.
Some of the recent technological trends for manufacture of electric traction motors include the use of insulation films that are much thinner including polyimide, application of enhanced grade material of iron core such as electrical steel sheet M-360-35- A or permendur, application of rotor bar materials of higher conductivity such as silver-bearing copper, reduction in harmonic secondary loss in induction motor which is achieved by decreasing the height of rotor bar and most importantly introduction of the PMSM. Introduction of such technological up gradations has helped in further enhancing the efficiency of electric traction motors.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Electric Traction Motors Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape and Key Vendors
Asia Pacific region is the fastest growing regional market in terms of consumption of these products. China, Japan, South Korea and India are the major manufacturers and even the consumers in the region. China’s current plans to increase intercity rail networks, possibly reaching 93,000 miles by 2020, along with mushrooming subway and light rail lines, the country is anticipated to account for over half of the global rail equipment expenditures in the next five years. Around 70 – 90 percent of the rail equipments are to be manufactured domestically as per the current plans. Such significant investment space provides the electric traction manufacturing industry to develop and grow to its potential.
Western Europe has been the dominant region for the last decade, however the regional market has lost significant part of its market to the developing Asia Pacific market. Germany has been the leading manufacturing market followed by Spain. The country is an emerging rail power industry, and has been maintaining the country’s biggest high-speed railway construction project which is the largest in Europe.
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Some of the leading industry participants include Weg Sa, Toshiba, Skoda Electric, NIDE, General Electric (GE), CG Power, Bosc, AB, Siemen, Traktionssysteme Austria, Alsto and Crr.
Key Segments
Product Type
- DC Traction Motors
- AC Traction Motors
Power Rating Type
- >400 kW
- 200 kW to 400 kW
Application Segments
- Railway
- Engine Type
- Electric Engines
- Diesel Engines
- Diesel-Electric Engines
- Engine Type
- Rapid Transit Vehicles
- Electric Multiple Units
- Diesel Multiple Units
- Light Rail Vehicles
- Metro and Subway Trains
- Railroad Cars
- Freight Wagons
- Passenger Coaches
- Electric Vehicles
- Battery Electric Vehicles
- Hybrid Electric Vehicles
- Plug-In Hybrid Vehicles
- Fuel Cell Vehicles
Region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
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