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News - Full Story Worldwide Traction Motor Industry to 2027 - Featuring ABB, Hitachi & Hyundai Rotem Among Others

DUBLIN, Sept. 15, 2020 /PRNewswire/ --

The "Traction Motor Market by Application, Type and Power Rating: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to's offering.

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Traction motors are AC or DC electric motors that provide power to drive locomotives. Further, these motors offer high durability and deliver robust performance, owing to high power and superior mechanical susceptibility of heavy payloads.. The traction motors require high power to deliver the torque required to move the wheels, resulting in compact designs, efficient power-to-weight rations, and efficient cooling of the traction motors. Thus, torque motors have minimum torque ripple, reduced noise & vibrations, higher efficiency, and efficient cooling capabilities through open or forced ventilation.

The growth of the global traction motor market is driven by volumetric surge in the transportation sector and the introduction of new vehicles, which are equipped with latest technologies. Moreover, increase in the requirement for advanced transports globally has led to the development and production of better and efficient traction system.

The global traction motor market is segmented based on application, type, power rating and region. Based on application, the global traction motor market has been categorized into railways, electric vehicles and industrial vehicles. Based on types, the global traction motor market has been categorized into DC traction motor, AC traction motor and synchronous motor. Based on power rating, the market has been categorized into less than 200 kW, 200-400 kW and more than 400 kW. Also, based on the region, the global traction motor market has been studied across North America, Europe, Asia-Pacific and LAMEA.

The key players analyzed in the traction motor market include ABB, American Traction Systems, Hitachi, Hyundai Rotem, CRRC, Mitsubishi, Siemens, Skoda, Toshiba and Wabtec.

Key Benefits

  • This study presents analytical depiction of the global traction motor market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the market.
  • Porter's five forces analysis illustrates the potency of the buyers and suppliers.

Key Players

  • ABB
  • American Traction Systems
  • Hitachi
  • Hyundai Rotem
  • CRRC
  • Mitsubishi
  • Siemens
  • Skoda
  • Toshiba
  • Wabtec

Key Topics Covered:

Chapter 1. Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2. Executive Summary
2.1. CXO Perspective

Chapter 3. Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.3.1. Moderate-To-High Bargaining Power of Suppliers
3.3.2. Low-To-Moderate Threat of New Entrants
3.3.3. Low-To-High Threat of Substitutes
3.3.4. Moderate-To-High Intensity of Rivalry
3.3.5. Moderate Bargaining Power of Buyers
3.4. Market Share Analysis, 2019 (%)
3.5. Market Dynamics
3.5.1. Drivers Incorporation of Traction Motors in Railway Engines Lower Emission Low Manufacturing and Maintenance Cost Reduction in Loss in Performance
3.5.2. Restraints Rise in Price of Materials Used for Production High Investment Cost
3.5.3. Opportunities Increase in Research and Development

Chapter 4. Traction Motor Market, by Applications
4.1. Overview
4.3. Railways
4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis by Country
4.4. Electric Vehicles
4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market Analysis by Country
4.5. Industrial Vehicles
4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast, by Region
4.5.3. Market Analysis by Country

Chapter 5. Traction Motor Market, by Types
5.1. Overview
5.2. Ac Traction Motor
5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis by Country
5.3. Dc Traction Motor
5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country
5.4. Synchronous Motor
5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis by Country

Chapter 6. Traction Motor Market, by Power Rating
6.1. Overview
6.2. Less Than 200 Kw
6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis by Country
6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis by Country
6.4. More Than 400 Kw
6.4.1. Key Market Trends, Growth Factors and Opportunities
6.4.2. Market Size and Forecast, by Region
6.4.3. Market Analysis by Country

Chapter 7. Traction Motor Market, by Region
7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. LAMEA

Chapter 8. Company Profiles:
8.1. ABB
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Product Portfolio
8.1.4. Operating Business Segments
8.1.5. Business Performance
8.1.6. Key Strategic Moves and Developments
8.2. American Traction Systems
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Product Portfolio
8.3. Hitachi, Ltd.
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Product Portfolio
8.3.4. Operating Business Segments
8.3.5. Business Performance
8.4. Hyundai Rotem Company (Subsidiary of Hyundai Motor Company)
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Product Portfolio
8.4.4. Operating Business Segments
8.4.5. Business Performance
8.4.6. Key Strategic Moves and Developments
8.5. Crrc
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.5.4. Operating Business Segments
8.5.5. Business Performance
8.5.6. Key Strategic Moves and Developments
8.6. Mitsubishi Electric Corporation
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.6.4. Operating Business Segments
8.6.5. Business Performance
8.7. Siemens
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Product Portfolio
8.7.4. Operating Business Segments
8.7.5. Business Performance
8.8.koda Transportation
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Product Portfolio
8.8.4. Operating Business Segments
8.8.5. Business Performance
8.8.6. Key Strategic Moves and Developments
8.9. Toshiba International Corporation
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Product Portfolio
8.9.4. Operating Business Segments
8.9.5. Business Performance
8.10. Wabtec Corporation
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Product Portfolio
8.10.4. Operating Business Segments
8.10.5. Business Performance

For more information about this report visit

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