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Electric Traction Motor Market By Type (AC Motor, DC Motor), By Power Rating (Less Than 150 kW, 150 kW to 300 kW, Greater Than 300 kW), By End-Users (Railway, Electric Vehicles) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

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Increasing Adoption of Electric Traction Motor Globally To Ensure Rapid Growth for Electric Traction Motor Market

Globally, the electric traction motor market is expected to grow with a CAGR of 19.2% during the forecast period from 2019 to 2027, starting from US$12.9 Bn in 2018. Electric traction motors are mainly used in locomotive or electric vehicles for propulsion by producing rotational torque. At present, these electric traction motors play an important role in locomotives. The electric traction motors help vehicles for reliable and safe functions. The growing adoption of electric traction motors in the railways is the key factor that drives the growth of the electric traction motor market. The growing preference for rail transportation over road transportation accelerates the railway’s tread activities worldwide.

Furthermore, the growing demand for electric traction motors in hybrid and battery electric vehicles is augmenting the growth of the electric traction motor market. Moreover, the increasing demand for efficient power conservation coupled with the electrification of automobiles is anticipated to propel the growth of the electric traction motor market. However, the high initial cost of traction motors is expected to hamper the growth of the electric traction motor market. Furthermore, the growing digitalization of electric motors is projected to serve various growth opportunities for the electric traction motor market in the near future.

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Market Synopsis

Growing application of electric traction motors in the locomotives continues to dominate the application segment.

In 2018, based on the application, the railway applications contributing to over 42% of the total revenue generated globally led the electric traction motor market. The rapid development in the railway sector and digitalization of railway systems are fueling the growth of the electric traction motors market. The ongoing research and development in electric motor technology are majorly contributing to the growth of the electric traction motors market. In addition, by type, the electric traction motor market is categorized into A.C. motors and D.C. motors. Ac motors hold significant market shares in the electric traction motors market. The continuous development of electric vehicles is fueling the growth of the electric traction motors market.

North America holds the axiom market share in the electric traction motor market.

In 2018, the electric traction motors market was dominated by the North American region, and it is expected to be the dominating region through the forecast region. The high adoption of advanced technologies and the presence of major players are the primary factors that drive the growth of the North American electric traction motor market. The U.S. holds the largest market share in the electric traction motor market across North America. Furthermore, Asia Pacific is the fastest-growing region owing to the growing automotive industry and ongoing technological advancements in motor technology.

Some of the prominent players operating in the Electric Traction Motor market include Siemens Corp., General Electric, Skoda Electric, ABB, Weg SA, Toshiba Corporation, Benchmarking, C.G. Power, Traktionssysteme Austria GmbH, Alstom SA, Robert Bosch GmbH and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The electric traction motor market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global Electric Traction Motor market based on technology, application, end-user, and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS

Research Period  2017-2027

The base Year 2018

Forecast Period  2019-2027

Historical Year  2017

Unit  USD Billion

Segmentation Types Segment (2017–2027; US$ Bn)

  • A.C. Motor
  • D.C. Motor

Power Rating Segment (2017–2027; US$ Bn)

  • Less than 150 kW
  • 150 kW to 300 kW
  • Greater than 300 kW

End-Users (2017–2027; US$ Bn)

  • Railway
  • Electric Vehicles

Geography Segment (2017–2027; US$ Bn)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Key questions answered in this report.

  • What was the market size of electric traction motors in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for Railways electric traction motor applications?
  • What are the major trends followed in the electric traction motor market across different regions?
  • Who are the key Electric Traction Motor companies leading the market?
  • What are the key strategies adopted by the leading electric traction motor companies in the market?

Unique data points of this report

  • Statistics on electric traction motor penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of the electric traction motor
  • Notable developments going on in the electric traction motor market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II-Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global ETM Market
2.2 Global ETM Market, By Type, 2018 (US$ Bn)
2.3 Global ETM Market, By Power Rating, 2018 (US$ Bn)
2.4 Global ETM Market, By End-Users, 2018 (US$ Bn)
2.5 Global ETM Market, By Geography, 2018 (US$ Bn)

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global ETM Market Value, 2017 – 2027, (US$ Bn)
3.2 Market Drivers
3.3 Market Growth Inhibitors
3.3.1 Impact Analysis of Drivers and Restraints
3.4 Key Market Trends
3.5 Attractive Investment Proposition, by Geography, 2018
3.6 Competitive Analysis
3.6.1 Market Positioning of Key ETM Vendors, 2018
3.6.2 Key Strategies Adopted by the Leading Players

Chapter 4 Global Electric Traction Motor (ETM) Market Analysis, by Type, 2017 – 2027 (US$ Bn)
4.1 Overview
4.2 AC Motor
4.3 DC Motor

Chapter 5 Global Electric Traction Motor (ETM) Market Analysis, by Power Rating, 2017 – 2027 (US$ Bn)
5.1 Overview
5.2 Less than 150 kW
5.3 150 kW to 300 kW
5.4 Greater than 300 kW

Chapter 6 Global Electric Traction Motor (ETM) Market Analysis, by End-Users, 2017 – 2027 (US$ Bn)
6.1 Overview
6.2 Railway
6.3 Electric Vehicles

Chapter 7 North America Electric Traction Motor (ETM) Market Analysis, 2017 – 2027 (US$ Bn)
7.1 Overview
7.2 North America ETM Market Analysis, By Type, 2017 – 2027
7.2.1 Market Analysis
7.3 North America ETM Market Analysis, By Power Rating, 2017 – 2027
7.3.1 Market Analysis
7.4 North America ETM Market Analysis, By End-Users, 2017 – 2027
7.4.1 Market Analysis
7.5 North America ETM Market Analysis, By Region/Country, 2017 – 2027
7.5.1 U.S.
7.5.1.1 U.S. ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
7.5.1.2 U.S. ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
7.5.1.3 U.S. ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
7.5.2 Rest of North America
7.5.2.1 Rest of North America ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
7.5.2.2 Rest of North America ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
7.5.2.3 Rest of North America ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)

Chapter 8 Europe Electric Traction Motor (ETM) Market Analysis, 2017 – 2027 (US$ Bn)
8.1 Overview
8.2 Europe ETM Market Analysis, By Type, 2017 – 2027
8.2.1 Market Analysis
8.3 Europe ETM Market Analysis, By Power Rating, 2017 – 2027
8.3.1 Market Analysis
8.4 Europe ETM Market Analysis, By End-Users, 2017 – 2027
8.4.1 Market Analysis
8.5 Europe ETM Market Analysis, By Region/Country, 2017 – 2027
8.5.1 U.K.
8.5.1.1 U.K. ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
8.5.1.2 U.K. ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
8.5.1.3 U.K. ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
8.5.2 Germany
8.5.2.1 Germany ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
8.5.2.2 Germany ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
8.5.2.3 Germany ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
8.5.3 France
8.5.3.1 France ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
8.5.3.2 France ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
8.5.3.3 France ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
8.5.4 Rest of Europe
8.5.4.1 Rest of Europe ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
8.5.4.2 Rest of Europe ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
8.5.4.3 Rest of Europe ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)

Chapter 9 Asia Pacific Electric Traction Motor (ETM) Market Analysis, 2017 – 2027 (US$ Bn)
9.1 Overview
9.2 Asia Pacific ETM Market Analysis, By Type, 2017 – 2027
9.2.1 Market Analysis
9.3 Asia Pacific ETM Market Analysis, By Power Rating, 2017 – 2027
9.3.1 Market Analysis
9.4 Asia Pacific ETM Market Analysis, By End-Users, 2017 – 2027
9.4.1 Market Analysis
9.5 Asia Pacific ETM Market Analysis, By Region/Country, 2017 – 2027
9.5.1 China
9.5.1.1 China ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
9.5.1.2 China ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
9.5.1.3 China ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
9.5.2 Japan
9.5.2.1 Japan ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
9.5.2.2 Japan ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
9.5.2.3 Japan ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
9.5.3 India
9.5.3.1 India ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
9.5.3.2 India ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
9.5.3.3 India ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
9.5.4 Rest of Asia Pacific
9.5.4.1 Rest of Asia Pacific ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
9.5.4.2 Rest of Asia Pacific ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
9.5.4.3 Rest of Asia Pacific ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)

Chapter 10 Rest of the World (RoW) Electric Traction Motor (ETM) Market Analysis, 2017 – 2027 (US$ Bn)
10.1 Overview
10.2 RoW ETM Market Analysis, By Type, 2017 – 2027
10.2.1 Market Analysis
10.3 RoW ETM Market Analysis, By Power Rating, 2017 – 2027
10.3.1 Market Analysis
10.4 RoW ETM Market Analysis, By End-Users, 2017 – 2027
10.4.1 Market Analysis
10.5 RoW ETM Market Analysis, By Region/Country, 2017 – 2027
10.5.1 Middle East & Africa (MEA)
10.5.1.1 MEA ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
10.5.1.2 MEA ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
10.5.1.3 MEA ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
10.5.2 Latin America
10.5.2.1 Latin America ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
10.5.2.2 Latin America ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
10.5.2.3 Latin America ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)

Chapter 11 Company Profiles
11.1 Siemens Corp.
11.2 General Electric
11.3 Skoda Electric
11.4 ABB
11.5 Weg SA
11.6 Toshiba Corporation
11.7 Benchmarking
11.8 CG Power
11.9 Traktionssysteme Austria GmbH
11.10 Alstom SA
11.11 Robert Bosch GmbH

List of Figures

FIG. 1 Global Electric Traction Motor (ETM): Market Segmentation
FIG. 2 Global ETM Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global ETM Market, By Type, 2018 (US$ Bn)
FIG. 5 Global ETM Market, By Power Rating, 2018 (US$ Bn)
FIG. 6 Global ETM Market, By End-Users, 2018 (US$ Bn)
FIG. 7 Global ETM Market, By Geography, 2018 (US$ Bn)
FIG. 8 Global ETM Market Value, 2017 – 2027, (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Market Positioning of Key ETM Vendors, 2018
FIG. 11 Global ETM Market Value Contribution, By Type, 2018 & 2027 (%)
FIG. 12 Global AC Motor Market Value, 2017 – 2027, (US$ Bn)
FIG. 13 Global DC Motor Market Value, 2017 – 2027, (US$ Bn)
FIG. 14 Global ETM Market Value Contribution, By Power Rating, 2018 & 2027 (%)
FIG. 15 Global Less than 150 kW ETM Market Value, 2017 – 2027, (US$ Bn)
FIG. 16 Global 150 kW to 300 kW ETM Market Value, 2017 – 2027, (US$ Bn)
FIG. 17 Global Greater than 300 kW ETM Market Value, 2017 – 2027, (US$ Bn)
FIG. 18 Global ETM Market Value Contribution, By End-Users, 2018 & 2027 (%)
FIG. 19 Global ETM Market Value from Railway, 2017 – 2027 (US$ Bn)
FIG. 20 Global ETM Market Value from Electric Vehicles, 2017 – 2027 (US$ Bn)
FIG. 21 North America ETM Market Value, 2017 – 2027, (US$ Bn)
FIG. 22 Europe ETM Market Value, 2017 – 2027, (US$ Bn)
FIG. 23 Asia Pacific ETM Market Value, 2017 – 2027, (US$ Bn)
FIG. 24 RoW ETM Market Value, 2017 – 2027, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Traction Motor (ETM) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 5 North America ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 6 North America ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 7 North America ETM Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 8 U.S. ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 9 U.S. ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 10 U.S. ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 11 Rest of North America ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 12 Rest of North America ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 13 Rest of North America ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 14 Europe ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 15 Europe ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 16 Europe ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 17 Europe ETM Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 18 U.K. ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 19 U.K. ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 20 U.K. ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 21 Germany ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 22 Germany ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 23 Germany ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 24 France ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 25 France ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 26 France ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 27 Rest of Europe ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 28 Rest of Europe ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 29 Rest of Europe ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 30 Asia Pacific ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 31 Asia Pacific ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 32 Asia Pacific ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 33 Asia Pacific ETM Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 34 China ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 35 China ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 36 China ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 37 Japan ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 38 Japan ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 39 Japan ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 40 India ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 41 India ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 42 India ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 43 Rest of Asia Pacific ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 44 Rest of Asia Pacific ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 45 Rest of Asia Pacific ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 46 RoW ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 47 RoW ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 48 RoW ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 49 RoW ETM Market Value, By Region/Country, 2017 – 2027 (US$ Bn)
TABLE 50 MEA ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 51 MEA ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 52 MEA ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 53 Latin America ETM Market Value, By Type, 2017 – 2027 (US$ Bn)
TABLE 54 Latin America ETM Market Value, By Power Rating, 2017 – 2027 (US$ Bn)
TABLE 55 Latin America ETM Market Value, By End-Users, 2017 – 2027 (US$ Bn)
TABLE 56 Siemens Corp.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 57 General Electric: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 58 Skoda Electric: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 59 ABB: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 60 Weg SA: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 61 Toshiba Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 62 Benchmarking: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 63 CG Power: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 64 Traktionssysteme Austria GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 65 Alstom SA : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 66 Robert Bosch GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Questions

What is the size of Electric Traction Motor Market?

The market for Electric Traction Motor Market is expected to reach US$ 12.9 Bn By 2027.

What is the Electric Traction Motor Market CAGR?

The Electric Traction Motor Market is expected to see significant CAGR growth over the coming years, at 19.2%.

What is the Forecast period considered for Electric Traction Motor Market?

The report is forecasted from 2019-2027.

What is the base year considered for Electric Traction Motor Market?

The base year of this report is 2018.

Who are the major players in this market?

Siemens Corp., General Electric, Skoda Electric, ABB, Weg SA, Toshiba Corporation, Benchmarking, C.G. Power, Traktionssysteme Austria GmbH, Alstom SA, Robert Bosch GmbH. are some of the major players in the global market.

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