(MENAFN- Ameliorate Digital Consultancy)
The global railway traction motors market is valued at US$ 11 billion in 2022 and is estimated to reach US$ 17 billion by 2032, expanding at a CAGR of 4.4% from 2022 to 2032 (forecast period).
Railway traction motors are electric motors that generate power for a train's rotating wheels. They have a sealed structure that prevents dust penetration and necessitates less upkeep and are better accessory devices, such as cooling fans to reduce noise. Railway traction motors are extremely reliable since the stator is integrated using high-frequency heating. As a result, these motors are widely used in electric, diesel-electric locomotives, and electric multiple units (EMUs) all over the world.
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Competitive Landscape
In recent years, the global railway traction motors market has witnessed numerous notable developments. Furthermore, key market players are expanding their market presence through a variety of growth methods such as strategic investments, new product launches, mergers and acquisitions, and alliances.
Mahle released a new electric traction motor in July 2022 that can be utilized in the railway sector. ABB stated in April 2022 that they are building a traction motor manufacturing unit for rail and metro in India. The unit will be able to generate 1,500 traction motors per year. Parker-Hannifin released a new high-power, GVM310 permanent magnet AC motor with a 310 mm frame in December 2021.
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Key Companies Profiled :
Mitsubishi Electric Corporation ABB Ltd ALSTOM Holdings SA Caterpillar Inc. Bharat Heavy Electricals Limited Bombardier Inc Saini Group Siemens AG Sulzer Ltd Traktionssysteme Austria GmbH Toshiba International Corporation
Key Segments of Railway Traction Motors Industry Research
By Type: DC Motors AC Motors Synchronous AC Motors
By Application: Diesel Locomotives Diesel-Electric Locomotives Electric Locomotives Electric Multiple Units (EMUs)
By Region: North America Latin America Europe APAC MEA
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Questionnaire answered in the Railway Traction Motors Market report include:
How the market for Railway Traction Motors has grown? What is the present and future outlook of the global Railway Traction Motors on the basis of region? What are the challenges and opportunities for the Railway Traction Motors? Why the consumption of Railway Traction Motors highest in region? In which year segment is expected to overtake segment?
What makes Fact.MR report stand out from others?
MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.) . The report is specially created to assess the COVID-19 impact on the Railway Traction Motors market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders. Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Railway Traction Motors market, thus, making it different and special from other reports. Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period. Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Railway Traction Motors market and assists to create strategies to overcome the obstacles that may hinder the growth of the Railway Traction Motors market. Leverage: The Railway Traction Motors market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon. Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information. Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Railway Traction Motors market.
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