Global Railway Traction Motors Market Analysis Report 2023-2030: New Railway Projects and Consequent Rise in Locomotive and Bogie Production to Present Growth Prospects
Friday, December 1, 2023
DUBLIN, Nov. 23, 2023 /PRNewswire/ -- The "Railway Traction Motors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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Global Railway Traction Motors Market to Reach $14.6 Billion by 2030
The global market for Railway Traction Motors estimated at US$9.5 Billion in the year 2022, is projected to reach a revised size of US$14.6 Billion by 2030, growing at a CAGR of 5.4% over the analysis period 2022-2030.
DC Motors, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$7.1 Billion by the end of the analysis period. Growth in the AC Motors segment is estimated at 5.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 7.5% CAGR
The Railway Traction Motors market in the U.S. is estimated at US$1.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 3.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
What`s New?
-- Special discussions on the global economic climate and market sentiment
-- Coverage on global competitiveness and key competitor percentage market
shares
-- Market presence analysis across multiple geographies -
Strong/Active/Niche/Trivial
-- Online interactive peer-to-peer collaborative bespoke updates
-- Access to digital archives and trademarked research platform
-- Complimentary updates for one year
-- Access to curated YouTube video transcripts of market sentiments shared
by CEOs, domain experts and market influencers via interviews, podcasts,
press statements and event keynotes
MARKET OVERVIEW
-- Global Railways Market Growth Outlook (in %) for the Years 2019 through
2025
-- Global Railways Market: % Annual Growth by Major Geographies for
2019-2025
-- Rail Freight Transportation Comes Under Pressure Due to COVID-19
Pandemic
-- Hurting Drop in Rail Cargo as COVID-19 Interrupts Transport Routes: Rail
Freight Traffic Growth in the US (In %)
-- Railways to Bounce Back in Post-COVID-19 Era
-- Amidst Pandemic, Potential Opportunities Emerge in International Rail
Travel
-- Competition
-- Railway Traction Motors - Global Key Competitors Percentage Market Share
in 2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
-- Global Market Prospects & Outlook
-- Developing Regions to Spearhead Long-term Growth
-- An Introduction to Railway Traction Motors
-- Types of Traction Motors in Locomotives
-- AC Vs DC Systems
-- Other Components Related to Rail Traction Motors
-- Recent Market Activity
-- Select Global Brands
MARKET TRENDS & DRIVERS
-- New Railway Projects and Consequent Rise in Locomotive and Bogie
Production to Present Growth Prospects for Traction Motors
-- A Snapshot of Select Major Ongoing & Upcoming Projects Focused on Rail
Freight Transport
-- Rise in Rail Passenger and Freight Traffic: Potential for Growth
-- Focus on Development of Urban Rail Transport Infrastructure to Propel
Rail Traction Motors Market
-- A Snapshot of Select Ongoing and Upcoming Metro Rail Projects
-- Expanding Metro Train Network Drives Demand for Metro Train Components
-- EMUs and Metro Railways
-- Advancements in Engines and Motors to Propel the Market
-- Imperative Need to Replace Aging Diesel Locomotives to Reduce Emissions
Supports Market Growth
-- Diesel-Electric Locomotives Changing the World
-- As Governments Focus on Development of High-Speed Trains and Bullet
Trains, Railway Traction Motors Market to Benefit
-- Select High-speed Rail in Europe in Development by Country
-- Global Level of Deployment of High-Speed Rail Lines by Select Leading
Countries
-- With Rail Freight Transport Being Indispensable for the Global Logistics
Chain, Long-term Network Expansion Initiatives Bode Well for the Market
-- World Trade Flows Determine Growth Dynamics of Rail Freight Transport
Market, Setting Trends in the Traction Motors Market
-- Development of Europe-Asia Railway Line and Resultant Rise in Trade
Flows Augurs Well for the Market
-- Advent of Solar Powered Trains Emerges as a Potential Driving Factor
-- Growing Electrification of Rail Lines in Developing Economies Presents
Growth Opportunity
-- Concerns over Environmental Pollution and Need to Reduce Emissions Drive
Demand for Efficient Railway Traction Motors
-- Carbon Dioxide Emissions in Lbs Per Passenger by Transportation Mode
-- Electric Traction Motors Market to Benefit from the Strengthening Trend
towards Electric Locomotives
-- Drive Systems Development
-- Different Types of Electric Traction Systems
-- Development of Diesel Engines Drive Focus onto Traction Motors
-- AC Traction Units Hold an Edge Over DC Systems for Railways
-- Advancements to Create Lighter, Smaller, and Efficient in Rail Traction
Systems
-- Monitoring of Rail Traction Monitoring Enables Timely Maintenance and
Prevents Failures
-- Aftermarket Presents Opportunities for Rail Traction Motors
FOCUS ON SELECT PLAYERS (Total 43 Featured)
-- ABB Ltd.
-- Bharat Heavy Electricals Ltd.
-- Caterpillar, Inc.
-- Kirloskar Electric Co., Ltd.
-- Bombardier, Inc.
-- Alstom SA
-- BENNING Elektrotechnik und Elektronik GmbH & Co. KG
-- Hyundai Motor Company
-- Ingeteam Corporacion SA
-- CG Power and Industrial Solutions Ltd.
-- Dalian Dalmo Electric Motor Co., Ltd.
-- Integrated Electric Co. Pvt., Ltd.
-- CAF, Construcciones y Auxiliar de Ferrocarriles, S.A.
-- Hyundai Rotem Company
-- CRRC Zhuzhou Electric CO., Ltd
For more information about this report visit https://www.researchandmarkets.com/r/7k7ol9
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