Product ID: UCMIG20I2049
Railway Traction Motor Market Size, Share, Growth Analysis, By Type(DC Traction Motor, AC Traction Motor), By Application(Diesel Locomotive, Electric Multiple Units), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG20I2049 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Railway Traction Motor Market Insights
Market Overview:
Traction motors are AC or DC electric motors used to power locomotives. Furthermore, due to their high power and superior mechanical susceptibility to heavy payloads, these motors have a high durability and deliver robust performance. To deliver the torque required to move the wheels, traction motors require high power, resulting in compact designs, efficient power-to-weight ratios, and efficient cooling of the traction motors. Torque motors have low torque ripple, low noise and vibrations, higher efficiency, and efficient cooling via open or forced ventilation. The incorporation of traction motors in railway engines, lower emission, low manufacturing and maintenance costs, and reduction in performance loss are driving the growth of the global railway traction motor market.
Railway Traction Motor Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Industrial Machinery by segment aggregation, the contribution of the Industrial Machinery in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Railway Traction Motor Market Report Snapshots
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