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EUROPE TRACTION MOTOR MARKET FORECAST 2021-2028

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EUROPE TRACTION MOTOR MARKET FORECAST 2021-2028

The Europe traction motor market is estimated to record a CAGR of 14.13%, over the forecast years of 2021 to 2028. The region’s market growth is attributed to key drivers, such as, the availability of state-of-the-art technologies for manufacturing traction motors, the formulation of laws and incentives to encourage electric vehicles’ sale, and the presence of advanced railway systems. The Europe traction motor market growth is analyzed by assessing the United Kingdom, France, Belgium, Poland, Germany, Italy, Russia, and the rest of Europe.

EUROPE TRACTION MOTOR MARKET FORECAST 2021-2028

Europe Traction Motor Market by Type (Ac Traction Motor, Dc Traction Motor, Synchronous Motor) by Power Rating (Less Than 200kw, 200–400 Kw, More Than 400kw) by Application (Railways, Electric Vehicles, Industrial Vehicles, Others) and by Geography.

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The Europe traction motor market is estimated to record a CAGR of 14.13%, over the forecast years of 2021 to 2028. The region’s market growth is attributed to key drivers, such as, the availability of state-of-the-art technologies for manufacturing traction motors, the formulation of laws and incentives to encourage electric vehicles’ sale, and the presence of advanced railway systems.
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The Europe traction motor market growth is analyzed by assessing the United Kingdom, France, Belgium, Poland, Germany, Italy, Russia, and the rest of Europe. The United Kingdom’s electric vehicle (EV) market growth is primarily fueled by the proactive support offered by the nation’s government, through the provision of grants and other incentives. For instance, the United Kingdom government provides assistance in order to encourage the broader deployment of Hybrid Electric Vehicles (HEVs) and EVs, through the United Kingdom Office of Low Emission Vehicle (OLEV). Moreover, the government has also extended the EV grant scheme until 2020, through additional funding of more than $665 million, for boosting the adoption of ultra-low emission vehicles.

Similarly, electric cars, as well as hybrids, are an essential part of Germany’s climate policy. The country has significantly progressed, in terms of establishing charge points for EVs. However, major regional differences remain constant. Although metropolitan areas and cities possess a relatively large number of charging stations, the countryside still has several ‘white spots.’ Thus, such factors are set to drive market growth, over the forecast period.

Alstom, headquartered in France, is primarily involved in providing rail transport equipment, services, signaling, and systems, for regional, urban, suburban, freight transportation, and mainline passenger transportation. Its business segments entail, digital mobility, components, rolling stock, signaling and systems, and services.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: ELECTRIC MOTOR
      • MARKET DEFINITION
      •    KEY DRIVERS
        • GROWTH IN THE RAILWAY INDUSTRY
        • INCREASED DEMAND FOR LOW EMISSION TECHNOLOGY
        • GROWING DEMAND FROM ELECTRIC VEHICLES
      •    KEY RESTRAINTS
        • INCREASED PRICES OF RAW MATERIALS
        • HIGHER INVESTMENT COST FOR THE MARKET
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON TRACTION MOTOR MARKET
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY TYPE
      • AC TRACTION MOTOR
      • DC TRACTION MOTOR
      • SYNCHRONOUS MOTOR
    3. MARKET BY POWER RATING
      • LESS THAN 200KW
      • 200–400 KW
      • MORE THAN 400KW
    4. MARKET BY APPLICATION
      • RAILWAYS
      • ELECTRIC VEHICLES
      • INDUSTRIAL VEHICLES
      • OTHERS
    5. GEOGRAPHICAL ANALYSIS
      •    EUROPE
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    1. COMPETITIVE LANDSCAPE
      •    KEY STRATEGIC DEVELOPMENTS
        • PRODUCT LAUNCH & DEVELOPMENTS
        • PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
      •    COMPANY PROFILES
        • ABB LTD
        • AMERICAN TRACTION SYSTEMS
        • HITACHI LTD
        • HYUNDAI ROTEM COMPANY
        • CRRC
        • MITSUBISHI ELECTRIC CORPORATION
        • SIEMENS
        • ŠKODA TRANSPORTATION
        • TOSHIBA INTERNATIONAL CORPORATION
        • WABTEC CORPORATION
        • AMETEK
        • EATON
        • CG POWER AND INDUSTRIAL SOLUTIONS
        • KAWASAKI
        • ALSTOM

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – TRACTION MOTOR

    TABLE 2: EUROPE TRACTION MOTOR MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: EUROPE TRACTION MOTOR MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: EUROPE TRACTION MOTOR MARKET, BY POWER RATING, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: EUROPE TRACTION MOTOR MARKET, BY POWER RATING, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: EUROPE TRACTION MOTOR MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 7: EUROPE TRACTION MOTOR MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 8: EUROPE TRACTION MOTOR MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 9: EUROPE TRACTION MOTOR MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    FIGURE LIST

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: EUROPE TRACTION MOTOR MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 6: EUROPE TRACTION MOTOR MARKET, BY AC TRACTION MOTOR, 2021-2028 (IN $ MILLION)

    FIGURE 7: EUROPE TRACTION MOTOR MARKET, BY DC TRACTION MOTOR, 2021-2028 (IN $ MILLION)

    FIGURE 8: EUROPE TRACTION MOTOR MARKET, BY SYNCHRONOUS MOTOR, 2021-2028 (IN $ MILLION)

    FIGURE 9: EUROPE TRACTION MOTOR MARKET, GROWTH POTENTIAL, BY POWER RATING, IN 2020

    FIGURE 10: EUROPE TRACTION MOTOR MARKET, BY LESS THAN 200KW, 2021-2028 (IN $ MILLION)

    FIGURE 11: EUROPE TRACTION MOTOR MARKET, BY 200–400 KW, 2021-2028 (IN $ MILLION)

    FIGURE 12: EUROPE TRACTION MOTOR MARKET, BY MORE THAN 400KW, 2021-2028 (IN $ MILLION)

    FIGURE 13: EUROPE TRACTION MOTOR MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 14: EUROPE TRACTION MOTOR MARKET, BY RAILWAYS, 2021-2028 (IN $ MILLION)

    FIGURE 15: EUROPE TRACTION MOTOR MARKET, BY ELECTRIC VEHICLES, 2021-2028 (IN $ MILLION)

    FIGURE 16: EUROPE TRACTION MOTOR MARKET, BY INDUSTRIAL VEHICLES, 2021-2028 (IN $ MILLION)

    FIGURE 17: EUROPE TRACTION MOTOR MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

    FIGURE 18: EUROPE TRACTION MOTOR MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 19: UNITED KINGDOM TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 20: GERMANY TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 21: FRANCE TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 22: ITALY TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 23: RUSSIA TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 24: BELGIUM TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 25: POLAND TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 26: REST OF EUROPE TRACTION MOTOR MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      •    EUROPE
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    1. MARKET BY TYPE
      • AC TRACTION MOTOR
      • DC TRACTION MOTOR
      • SYNCHRONOUS MOTOR
    2. MARKET BY POWER RATING
      • LESS THAN 200KW
      • 200–400 KW
      • MORE THAN 400KW
    3. MARKET BY APPLICATION
      • RAILWAYS
      • ELECTRIC VEHICLES
      • INDUSTRIAL VEHICLES
      • OTHERS

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