Global Railway Traction Motors Market Analysis Report 2023-2030: New Railway Projects and Consequent Rise in Locomotive and Bogie Production to Present Growth Prospects

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Nov 23, 2023, 06:45 ET

DUBLIN, Nov. 23, 2023 /PRNewswire/ -- The "Railway Traction Motors - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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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