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Global Railway Traction Motors Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Global Railway Traction Motors Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Global Railway Traction Motors Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 16 Jul 2020
  • Report ID: ICT&S 0044
  • Pages:194
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

According to a study published by Insure Insights, the global railway traction motors is estimated to grow at a CAGR of 4.5%. The railway traction motor is a distinctly designed electric motor that is used to provide higher torque for railway coaches. Due to their massive weight and long service, the railway coach generally requires motors that are strong, durable, and capable of supporting the high mechanical force. As a result, the railway traction motors offer the upper-level power requirement for the efficient functioning of the railway coach. Electric traction is widely used across the world, specifically for routes with dense traffic, like urban and suburban railways. These high-speed lines require electric traction to obtain the speeds required for inter-city travel.

Top Driver: Rise in Freight Transportation Through railroad and growing traction of metro rails

Factors such as a rise in freight transportation through railroad and growing traction of metro rails are expected to propel the demand for the railway traction motor. Some of the significant market players in the railway traction motor market are focused on the development of more upgraded electric traction motors to sustain the market competitiveness. In Addition, the continuous technological advancements, the increasing electrification in the railways, and growing investment in R & D activities for the development of advanced and efficient electric traction motor is also a significant factor fueling the growth of the market. The exceptional advantages offered by railway traction motor such as increased efficiency, minimum requirement of maintenance, and ability to reduce the use of electricity is further estimated to fuel the market. The rising emphasis towards the speed railways and the expanding metro rail network are other factors leading to increasing adoption of electric traction motor. On the other hand, the high cost of maintenance may hamper the growth of the railway traction motors market in the future.

AC Motors Segment Accounts for the Largest Market Share

The global railway traction motor market is segmented into DC traction motor, AC traction motor, and synchronous AC traction motor based on the type. The AC segment is estimated to be the largest market for railway traction motors during the forecast period. Earlier, DC motors were favored for railway applications. However, AC motors are now extensively being used due to modern power electronics. Compared to DC motors, AC motors are more efficient and easier to control. The market is segmented into diesel locomotive, electric multiple units, electric locomotives, diesel-electric locomotives based on the application.

Massive Investments to Develop Advanced Railway Technologies to Benefit Europe Market

Europe is the dominating region in the global railway traction motor market owing to massive investments to develop advanced railway technologies. Following Europe, Asia Pacific is the leading geographical segment, owing to the surging demand for speed railways. North America is expected to grow sluggishly due to the gradual enhancement of railway infrastructures in the U.S. for its market growth.

Players to Focus on Expanding Applications in Complex Computing, Healthcare, Finance

The global railway traction motor market is estimated to stay fragmented during the forecast period owing to the possible new entrants. The major market players operating in the market are Bombardier Inc., Aisin Seiki Co. Ltd., Saini Heavy Electrical & Engineering Co Private Ltd., Mitsubishi Electric Corporation, ALSTOM, Hyundai Rotem Company, Sulzer Ltd., Bharat Heavy Electricals Ltd., VEM Sachsenwerk GmbH, Zytek Automotive Ltd., and ABB Group.

Bombardier Inc: In May 2017, Bombardier Transportation introduced its new product platform for the locomotive sector at the Transport Logistic trade fair in Munich. The BOMBARDIER TRAXX AC3 locomotive is powered by alternating current, the product platform is now complete with the introduction of new BOMBARDIER TRAXX MS3 (multi system) and DC3 (direct current) locomotives.

Scope of the Report

By Type

  • AC traction motor
  • DC traction motor
  • Synchronous traction motor

By Application

  • Diesel locomotive
  • electric multiple units
  • Electric locomotives
  • Diesel-electric locomotives

By Region

  • Europe
  • Asia Pacific

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Smart Greenhouse Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Smart Greenhouse Market -Industry Snapshots

6.1             Overview

6.1.1          Global Smart Greenhouse Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Smart Greenhouse Market Analysis, by Type

7.1             Overview

7.2             Key Findings for Smart Greenhouse Market- By Type

7.2.1          Smart Greenhouse Market- Hydroponics

7.2.2          Smart Greenhouse Market- Non-hydroponics

Chapter 8           Global Smart Greenhouse Market Analysis, by Component

8.1             Overview

8.2             Key Findings for Smart Greenhouse Market- By Component

8.2.1          Smart Greenhouse Market- HVAC Systems

8.2.2          Smart Greenhouse Market- LED Grow Lights

8.2.3          Smart Greenhouse Market- Control Systems & Sensors

Chapter 9           Global Smart Greenhouse Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Smart Greenhouse Market- By End User

9.2.1          Smart Greenhouse Market- Retail Gardens

9.2.2          Smart Greenhouse Market- Commercial Growers

9.2.3          Smart Greenhouse Market- Research & Educational Institutes

9.2.4          Smart Greenhouse Market- Others

Chapter 10       Smart Greenhouse Market Analysis by Region

10.1           Key Findings for Smart Greenhouse Market- By region

10.2           Overview

10.2.1       Global Smart Greenhouse Market Analysis, By Type, 2019 – 2028

10.2.2       Global Smart Greenhouse Market Analysis, By Component, 2019 – 2028

10.2.3       Global Smart Greenhouse Market Analysis, By End User, 2019 – 2028

10.3           Smart Greenhouse Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Component

10.3.7       North America Market, By End User

10.4           Smart Greenhouse Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Component

10.4.9       Europe market by, End User

10.5           Smart Greenhouse Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Component

10.5.8       Asia Pacific Market, By End User

10.6           Smart Greenhouse Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Component

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Nexus Corporation

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Argus Control Systems Limited

12.3           Certhon

12.4           Rough Brothers, Inc.

12.5           GreenTech Agro LLC

12.6           Netafim

12.7           Sensaphone

12.8           Cultivar Ltd.

12.9           Heliospectra AB

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix




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