Global Rail Traction Motors Market (2022 to 2027)

DUBLIN, August 11, 2022 /PRNewswire/ — The report “Rail Traction Motor Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from offer.


The global rail traction motor market reached a value of US$6.53 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$8.49 billion by 2027, posting a CAGR of 4.47% over the period 2021-2027. Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Rail traction motors are electric motors that generate power to turn the wheels of the train. They have a sealed structure, which prevents dust intrusion and requires less maintenance, and improved ancillary devices like cooling fans that help keep noise levels low. They are very reliable thanks to the integration of the stator by high frequency heating. As a result, rail traction motors find many applications in electric multiple units (EMUs) and diesel, electric and diesel-electric locomotives around the world.

At present, there is an increase in the expansion of the railway network in the world, which helps to transport goods and products over longer distances compared to roads. This represents one of the main drivers of the market. Additionally, traction motors have various advantages including compact design, energy efficiency, and durability.

This coupled with different initiatives undertaken by the governments of many countries to promote the use of electric motors is driving the growth of the market. In addition, there is an increase in the electrification of rail networks and the conversion of conventional diesel locomotives to electric locomotives.

With this in mind, the increasing installation of high-capacity lithium-ion batteries in rolling stock and their use in traction power offers lucrative growth opportunities for industry investors and major market players. These players invest heavily in research and development (R&D) activities to improve railway systems, which enables them to strengthen their overall sales and increase their profitability. In addition, increasing investments in electric vehicles (EVs) and growing need to reduce carbon emissions globally are other factors that are catalyzing the demand for rail traction motors.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of major players i.e. ABB Ltd, Alstom SA, CG Power and Industrial Solutions Limited (Murugappa Group), Hitachi Ltd., Hyundai Motor Company, Mitsubishi Electric Corporation , Saini Group. , Siemens Aktiengesellschaft, Sulzer Ltd. and VEM Group.

Answers to key questions in this report:

  • How has the global rail traction motor market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global rail traction motors market?

  • What are the main regional markets?

  • What is the market breakdown by type?

  • What is the market breakdown by application?

  • What are the different stages of the industry value chain?

  • What are the major driving factors and challenges in the industry?

  • What is the structure of the global rail traction motor market and who are the key players?

  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive Summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Railway Traction Motors Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Type
6.1 DC traction motor
6.1.1 Market trends
6.1.2 Market Forecast
6.2 AC traction motor
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Synchronous AC traction motor
6.3.1 Market trends
6.3.2 Market Forecast

7 Market Breakdown by Application
7.1 Diesel locomotive
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Electric Multiple Units
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Electric locomotives
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Diesel-electric locomotives
7.4.1 Market trends
7.4.2 Market Forecast

8 Market Breakdown by Region

9 SWOT Analysis

10 Value chain analysis

11 Analysis of the five forces of carriers

12 Price Analysis

13 Competitive Landscape
13.1 Market structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 ABB AG Company overview Product portfolio Finance SWOT Analysis
13.3.2 Alstom SA Presentation of the company Product portfolio Finance SWOT Analysis
13.3.3 CG Power and Industrial Solutions Limited (Murugappa Group) Company overview Product portfolio Finance SWOT Analysis
13.3.4 Hitachi Ltd. Company Overview Product portfolio Finance SWOT Analysis
13.3.5 Hyundai Motor Company Company Overview Product portfolio Finance SWOT Analysis
13.3.6 Mitsubishi Electric Corporation Company Overview Product portfolio Finance SWOT Analysis
13.3.7 Saini Group Company Overview Product Portfolio
13.3.8 Siemens Aktiengesellschaft Company Overview Product portfolio Finance SWOT Analysis
13.3.9 Sulzer AG Company Overview Product portfolio Finance
13.3.10 VEM Group Company Overview Product Portfolio

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