Dublin, May 16, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
The electric traction motor market is estimated to be USD 12.41 Billion in 2018 and is projected to grow at a CAGR of 18.10% to reach USD 28.51 Billion by 2023.
Growing demand from the railway sector and the increasing production of electric vehicles, mainly in Asia Pacific and European region, are the key factors driving the electric traction motor market during the forecast period. The report segments the electric traction motor market, by type, into AC and DC. AC is the fastest growing segment in the electric traction motor market in 2017. The AC electric traction motor market is mainly driven by the increasing investment in railways and electric vehicles. The global electric traction motor market, by power rating, has been segmented into <200 kW, 200 kW to 400 kW, and >400 kW. The <200 kW segment is expected to grow at the fastest rate during the forecast period. Electric traction motors with a power rating <200 kW are widely used in electric vehicles and light rail vehicles such as trams, mono rail, and others. Need for decarbonizing transport sector and increasing investments in the light rail vehicles are expected to drive the market for electric traction motors with rate power <200 kW during the forecast period. The report further segments the electric traction motor market, by application, into railway, electric vehicles, and others. The electric vehicle segment is expected to grow at the highest CAGR during the forecast period. The demand for electric vehicles is increasing in order to reduce the emissions and to the increase efficiency of the vehicles by decreasing the dependence on internal combustion engines. In this report, the electric traction motor market has been analyzed with respect to five regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. Asia Pacific is expected to dominate the electric traction motor market during the forecast period due to increased investments in railway sector, mainly in India and countries in South-East Asia, and the rising demand for electric vehicles in countries such as China and Japan to reduce carbon emission. The figure given below shows the projected market sizes of various regions with their respective CAGRs for 2023.
Key Topics Covered:
1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Electric Traction Motor Market, 2018-2023 4.2 Electric Traction Motor Market, By Country 4.3 Electric Traction Motor Market, By Type 4.4 Electric Traction Motor Market, By Power Rating 4.5 Electric Traction Motor Market, By Application 4.6 Asia Pacific Electric Traction Motor Market 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Investments in the Railway Sector 5.2.1.2 Growing Demand for Energy-Efficient Motors 5.2.2 Restraints 5.2.2.1 Volatility in Raw Material Prices 5.2.3 Opportunities 5.2.3.1 Growing Focus on Electric Vehicles 5.2.4 Challenges 5.2.4.1 Motor Failures Due to Overheating 6 Electric Traction Motor Market, By Type 6.1 Introduction 6.2 Ac Traction Motors 6.3 Dc Traction Motors 7 Electric Traction Motor Market, By Power Rating 7.1 Introduction 7.2 <200 kW 7.3 200 kW to 400 kW 7.4 >400 kW 8 Electric Traction Motor Market, By Application 8.1 Introduction 8.2 Railway 8.2.1 Locomotives 8.2.1.1 Diesel Locomotives 8.2.1.2 Electric Locomotives 8.2.1.3 Diesel-Electric Locomotives 8.2.2 Rapid Transit Vehicles 8.2.2.1 Diesel Multiple Units 8.2.2.2 Electric Multiple Units 8.2.2.3 Light Rail Vehicles 8.2.2.4 Metro and Subway Trains 8.2.3 Railroad Cars 8.2.3.1 Passenger Coaches 8.2.3.2 Freight Wagons 8.3 Electric Vehicles 8.3.1 Hybrid Electric Vehicles 8.3.2 Battery Electric Vehicles 8.3.3 Plug-In Hybrid Vehicles 8.3.4 Fuel Cell Vehicles 8.4 Others 9 Electric Traction Motor Market, By Region 9.1 Introduction 9.2 Asia Pacific 9.3 North America 9.4 Europe 9.5 Middle East & Africa 9.6 South America 10 Competitive Landscape 10.1 Introduction 10.2 Market Share Analysis 10.3 Competitive Scenario 11 Company Profiles 11.1 Benchmarking 11.2 Crrc 11.3 Alstom 11.4 Traktionssysteme Austria 11.5 Siemens 11.6 ABB 11.7 Bosch 11.8 CG Power 11.9 General Electric (GE) 11.10 NIDEC 11.11 Skoda Electric 11.12 Toshiba 11.13 Weg Sa
For more information about this report visit https://www.researchandmarkets.com/research/3...41_bn?w=12
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 Related Topics: Electricity
