WILMINGTON, NEW CASTLE, DE, UNITED STATES, February 7, 2025 /EINPresswire.com/ -- Allied Market Research recently published a report, titled, "Railway Traction Motor Market by Type (DC Traction Motor, AC Traction Motor and Synchronous AC Traction Motor) and Application (Diesel Locomotive, Electric Multiple Units, Electric Locomotives and Diesel-Electric Locomotives): Global Opportunity Analysis and Industry Forecast, 2021โ2030". As per the report, The global railway traction motor market was valued at $31.44 billion in 2020, and is projected to reach $48.72 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/4583
๐๐๐ฃ๐จ๐ซ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
Rise in integration of traction motors in railway engines, reduction in performance, low manufacturing and maintenance cost, and low emission levels have boosted the global railway traction motor market size. However, high investment cost and surge in prices of materials used for production hinder the market growth. On the contrary, rise in R&D and surge in the allocation of budget for the development of railways are expected to open new opportunities for the market players in the future.
๐๐ก๐ ๐๐ ๐ญ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐ฆ๐จ๐ญ๐จ๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐ง'๐ฌ ๐ฌ๐ก๐๐ซ๐
By type, the DC traction motor segment held the largest share in 2020, accounting for around half of the global railway traction motor market, due to high torque and better speed control compared to AC traction motors. However, the AC traction motor segment is projected to register the highest CAGR of 5.0% during the forecast period, owing to advent of power semiconductors that fit AC traction motors on a locomotive.
๐๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ฅ๐จ๐๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
By application, the electric locomotives segment is estimated to portray the highest CAGR of 6.1% during the forecast period, due to their higher power to weight ratio, greater tractive efforts on steep gradients, and faster acceleration compared to diesel engines. However, the electric multiple units segment held the largest share in 2020, contributing to nearly two-fifths of the global railway traction motor market, owing to rise in adoption of communication-based automated train transit systems.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/railway-traction-motor-market/purchase-options
๐๐ฎ๐ซ๐จ๐ฉ๐, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐๐ ๐๐ฒ ๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐๐ง๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฌ๐ก๐๐ซ๐
By region, the market across Europe, followed by Asia-Pacific and North America, dominated in 2020, accounting for nearly one-third of the market, due to rapid urbanization in developing countries of Europe, surge in investment in development, and increase in fast & reliable railway network. However, the global railway traction motor market across LAMEA is projected to manifest the highest CAGR of 6.3% during the forecast period, due to rise in development of the railway network and transportation industry in the region.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
ABB Group
ALSTOM
Saini Group
BHEL
Bombardier
Mitsubishi Electric Corporation
Hyundai Rotem Company
Sulzer Ltd.
Siemens AG
VEM Group
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/4583
๐๐จ๐ฏ๐ข๐-๐๐ ๐ฌ๐๐๐ง๐๐ซ๐ข๐จ :
The Covid-19 pandemic negatively affected the industry due to the financial crisis and economic slowdown.
The prolonged lockdown across European and Asian countries disrupted the supply chain and created challenges such as a shortage of raw materials. Thus, market players had to consider different strategies for alternative sourcing.
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ : https://www.alliedmarketresearch.com/request-sample/4583
๐๐๐ฃ๐จ๐ซ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
Rise in integration of traction motors in railway engines, reduction in performance, low manufacturing and maintenance cost, and low emission levels have boosted the global railway traction motor market size. However, high investment cost and surge in prices of materials used for production hinder the market growth. On the contrary, rise in R&D and surge in the allocation of budget for the development of railways are expected to open new opportunities for the market players in the future.
๐๐ก๐ ๐๐ ๐ญ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐ฆ๐จ๐ญ๐จ๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐ข๐จ๐ง'๐ฌ ๐ฌ๐ก๐๐ซ๐
By type, the DC traction motor segment held the largest share in 2020, accounting for around half of the global railway traction motor market, due to high torque and better speed control compared to AC traction motors. However, the AC traction motor segment is projected to register the highest CAGR of 5.0% during the forecast period, owing to advent of power semiconductors that fit AC traction motors on a locomotive.
๐๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐ข๐ ๐ฅ๐จ๐๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ง๐ข๐๐๐ฌ๐ญ ๐ญ๐ก๐ ๐ก๐ข๐ ๐ก๐๐ฌ๐ญ ๐๐๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐๐๐๐
By application, the electric locomotives segment is estimated to portray the highest CAGR of 6.1% during the forecast period, due to their higher power to weight ratio, greater tractive efforts on steep gradients, and faster acceleration compared to diesel engines. However, the electric multiple units segment held the largest share in 2020, contributing to nearly two-fifths of the global railway traction motor market, owing to rise in adoption of communication-based automated train transit systems.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ : https://www.alliedmarketresearch.com/railway-traction-motor-market/purchase-options
๐๐ฎ๐ซ๐จ๐ฉ๐, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐๐ ๐๐ฒ ๐๐ฌ๐ข๐-๐๐๐๐ข๐๐ข๐ ๐๐ง๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฌ๐ก๐๐ซ๐
By region, the market across Europe, followed by Asia-Pacific and North America, dominated in 2020, accounting for nearly one-third of the market, due to rapid urbanization in developing countries of Europe, surge in investment in development, and increase in fast & reliable railway network. However, the global railway traction motor market across LAMEA is projected to manifest the highest CAGR of 6.3% during the forecast period, due to rise in development of the railway network and transportation industry in the region.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
ABB Group
ALSTOM
Saini Group
BHEL
Bombardier
Mitsubishi Electric Corporation
Hyundai Rotem Company
Sulzer Ltd.
Siemens AG
VEM Group
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/4583
๐๐จ๐ฏ๐ข๐-๐๐ ๐ฌ๐๐๐ง๐๐ซ๐ข๐จ :
The Covid-19 pandemic negatively affected the industry due to the financial crisis and economic slowdown.
The prolonged lockdown across European and Asian countries disrupted the supply chain and created challenges such as a shortage of raw materials. Thus, market players had to consider different strategies for alternative sourcing.
๐๐๐จ๐ฎ๐ญ ๐ฎ๐ฌ :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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