A traction engine is an electric motor that is used to drive electric vehicle, electric or hydrogen engines, elevators or conveyors amongst others. In electrical railways and electric vehicles traction motors are used. More applications of electric traction motors are in roller coasters, elevators and conveyors as well these motors are majorly used in electrically powered vehicles and electrically powered battery vehicle. Each motor is customized according to the requirements of the customer and the operating conditions of powered train allow superior performance, little energy consumption and high reliability. The electric traction motor is a type of motor that is powered by electricity it is also used for driving of vehicles which includes majorly electric cars and railways. This offers numerous benefits, including no fuel emissions and ease of use. In addition, the product is considered to be a form of industrial engine requiring a huge rate of acceleration, high-speed cruising with low torque and can operate at large range of operating speeds. Increased investment by the governments in railway sector and a range of supportive government subsidies are key factors driving the growth of the global electric traction motor industry.

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Continuous technical developments and increasing R&D activities to develop advanced and powerful electric traction motors are also key drivers of the growth of the Electric Traction Motors Market. In addition, increasing rail electrification and increasing demand for electric vehicles across many countries will generate many growth opportunities in the market in order to resolve the growing concerns regarding carbon emissions. The introduction of electric traction engines provides exceptional advantages such as improved reliability, the ability to reduce the use of energy and the ability to reduce the use of electricity. Some factors contributing to growing electric traction motor adoption are the increasing focus on speed railways followed by the expanding metro rail network. The majority of manufacturers plan to produce traction motors fitted with characteristics such as increased power density, increased durability and performance. Because of these factors the global demand for motor traction vehicles is expected to see a substantial growth during the forecast period. In addition, car manufacturers have faced difficulties in recent years in terms of rising the quality of their vehicles. These problems can be due to increasing gasoline costs, decrease in greenhouse emissions, government regulations requiring an improvement in fuel efficiency and consumer demand for increased vehicle productivity.

In addition increasing demand from end-use industries such as the automotive and rail sectors are increase demand for traction engines for vehicles. Because of the incentives provided by governments like subsidies and discounts, a growing number of people are buying electric cars. Electric vehicles are anticipated to have substantial demand for traction motors during the forecast period. Governments across different nations have set goals to introduce or convert existing modes of transportation from fossil fuel to electricity in view of increasing concerns about air pollution. Developing countries such as India intend to electrify more than 30 percent of their passenger cars which is likely to provide sufficient opportunities for the key Electric Traction Motors Market players. The continuous rise in railway investment is leading to growth in the demand for electric motor traction. Countries such as India, China, the United Kingdom, Germany and others are expanding their investments in rail projects. In 2018, the Chinese government, for example, increased its rail budget to over USD 116 billion. Similarly, India is going to invest USD 126 billion in upgrading railways by 2020. The market for efficient electric traction motors will be powered by those investment plans.

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In terms of revenue growth, the global electric traction motors market is expected to witness a CAGR of 18.3% over the forecast period.

The detailed research study provides qualitative and quantitative analysis of electric traction motors market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

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Key Findings of the Report:

• Based on type the electric traction motors market is segmented into AC and DC. DC motors were historically preferred for railway applications, but due to modern power electronics, AC motors are now increasingly being used. AC motors are more powerful and simpler to control as compared to DC motors.
• Based on rated power market for electric motor traction is segmented on the basis of power ratings below 200 kW, 200-400 kW, and above 400 kW. The large use of power-rated engines below 200 kW in electric and light rail vehicles, which is expected to rise at a faster pace in the coming years.
• On the basis of application the electric traction motors market is segmented into railway, electric vehicles, elevators, roller coasters and conveyors and trolley buses. The adoption of electric traction motors in railways will increase in the recent years. An integral part of railway trains is electric traction motors. Due to the increased dependence of the rail industry on electric traction motors for enhanced speed control and high start-up torque the integration of electric traction motors for railways will increase.
• Asia Pacific is expected to lead the market due to increasing trade between countries and the growing number of emerging economies in the region, demand for electric traction engines is developing significantly in this region. Due to the growing need to reduce carbon emissions in the region the need for electric traction motors will rise.
• Electric Traction Motor manufacturers are making considerable efforts to introduce advanced technologies, primarily by entering into alliances and partnerships that will help increase Electric Traction Motor sales, keeping in mind this growth rate.
• The major players operating in the market include ABB, American Traction Systems, CG India, CRRC YONGJI ELECTRIC CO., LTD., General Electric, Hitachi, Ltd., Indar Ingeteam Group, NIDEC CORPORATION, Robert Bosch GmbH, Siemens Mobility, WEG and Other Market Participants.

Electric Traction Motors Market:

• By Type
  • AC Traction Motor
  • DC Traction Motor
• By Rated Power
  • Below 200 kW
  • 200-400 KW
  • Above 400 KW
• By Application

• Railway
  • Light Rail Vehicle 
  • Metro
  • Commuter Rail
  • High-speed Train
  • Locomotive
  • Trams
  • High Speed Trains
• Electric Vehicles
  • Battery Electric Vehicles
  • Electric Hybrid Vehicles
• Elevators
• Roller Coaster
• Conveyors and Trolley Buses
• Others

• By Geography

• North America
  • U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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