The outbreak of the covid-19 has a severe and swift impact on the automobile and transportation industry. This is majorly due to the shutdown of assembly plants in the US, interruptions across Europe in large-scale manufacturing, and disruption in the export of Chinese parts. In addition to this, the industry is dealing with reduced demand across the globe due to changes in customer behavior and shifts in a supply-demand chain. A recent study shows a 39% decline in sales of automotive all over the world. Moreover, the nationwide lockdowns have substantially affected the transportation sector. Restrictions on transportation accounted for a 45 to 55% decline in public as well as private transport sectors.
Railway Traction Motor Market Overview
The global railway traction motor market is expected to witness significant growth during the forecast period, owing to the progress in railroad technologies and reforms in vehicular emissions related to restrictions on the transportation system in several nations.
Additionally, factors such as rising global warming threats, industrial pollution, and exploitation of natural resources have shifted the focus towards sustainable development. Also, strict guidelines of the government to curb the emissions from industries. Hence, traction motors are now being used instead of steam and diesel engines, as these motors assist in reducing emissions. This key fact is estimated to propel the growth of the Global Railway Traction Motor market in the next few years.
On the other hand, the cost of a traction motor is high due to the excessive cost incurred toward designing and manufacturing is expected to hamper the growth of the Railway Traction Motor market in the forecast period.
Railway Traction Motor Market Segment Overview
According to type, the direct current traction motor segment has remarkable growth in the market. A traction motor is an electric motor used for the propulsion of a vehicle, such as locomotives, electric or hydrogen vehicles, elevators, or electric multiple units.
Based on the application, the Electric locomotive segment has the largest share in the market. Powering trains with electricity rather than diesel has several benefits, according to the authors of Solutionary Rail. The cost of electric locomotive engines is about 20 percent less than diesel locomotive engines on the global market, and maintenance costs are 25-35 percent less than for diesel engines.
Railway Traction Motor Market, By Type
· Direct current traction motor
· Alternating current traction motor
· Synchronous AC traction motor
Railway Traction Motor Market, By Application
· Diesel locomotive
· Electric multiple units
· Electric locomotive
· Direct electric locomotive
Railway Traction Motor Market Regional Overview
Region-wise, Europe commanded a major share of the global railway traction motor market. This is because of the huge investments for improving its railway technologies in this region. Similarly, the market of the Asia Pacific is projected to grow at the fastest rate owing to the increasing demand for speed railways in this region. As well, North America is projected to count on the development of railway infrastructures in the U.S. for its market growth.
Railway Traction Motor Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Railway Traction Motor Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Railway Traction Motor are highlighted below.
· February 2021: - Electric cars are becoming a rage. Now US company Wabtec is building an electric locomotive that works on a battery. It is doing this in collaboration with BNSF Railway Co, A company owned by Warren Buffett’s Berkshire Hathaway.
Railway Traction Motor Market, Key Players
· Bombardier Inc.
· Aisin Seiki Co. Ltd.
· Saini Heavy Electrical & Engineering Co Private Ltd.
· Mitsubishi Electric Corporation
· ALSTOM
· Hyundai Rotem Company
· Sulzer Ltd.
· Bharat Heavy Electricals Ltd.
· VEM Sachsenwerk GmbH
· Zytek Automotive Ltd.
· ABB Group
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Railway Traction Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Direct current traction motor
- 5.2.2. Alternating current traction motor
- 5.2.3. Synchronous AC traction motor
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Diesel locomotive
- 5.3.2. Electric multiple unit
- 5.3.3. Electric locomotive
- 5.3.4. Direct electric locomotive
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Railway Traction Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Direct current traction motor
- 6.2.2. Alternating current traction motor
- 6.2.3. Synchronous AC traction motor
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Diesel locomotive
- 6.3.2. Electric multiple unit
- 6.3.3. Electric locomotive
- 6.3.4. Direct electric locomotive
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Railway Traction Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Direct current traction motor
- 7.2.2. Alternating current traction motor
- 7.2.3. Synchronous AC traction motor
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Diesel locomotive
- 7.3.2. Electric multiple unit
- 7.3.3. Electric locomotive
- 7.3.4. Direct electric locomotive
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Railway Traction Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Direct current traction motor
- 8.2.2. Alternating current traction motor
- 8.2.3. Synchronous AC traction motor
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Diesel locomotive
- 8.3.2. Electric multiple unit
- 8.3.3. Electric locomotive
- 8.3.4. Direct electric locomotive
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Railway Traction Motor Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Direct current traction motor
- 9.2.2. Alternating current traction motor
- 9.2.3. Synchronous AC traction motor
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Diesel locomotive
- 9.3.2. Electric multiple unit
- 9.3.3. Electric locomotive
- 9.3.4. Direct electric locomotive
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Bombardier Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Aisin Seiki Co. Ltd.
- 10.6. Saini Heavy Electrical & Engineering Co Private Ltd.
- 10.7. Mitsubishi Electric Corporation
- 10.8. ALSTOM
- 10.9. Hyundai Rotem Company
- 10.10. Sulzer Ltd.
- 10.11. Bharat Heavy Electricals Ltd.
- 10.12. VEM Sachsenwerk GmbH
- 10.13. Zytek Automotive Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
