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NORTH AMERICA TRACTION MOTOR MARKET FORECAST 2021-2028

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NORTH AMERICA TRACTION MOTOR MARKET FORECAST 2021-2028

The North America traction motor market is expected to grow with a CAGR of 13.71%, during the forecast years of 2021 to 2028. The market growth is facilitated by factors, such as, the strong railway industry, in addition to the surging adoption and sale of electric vehicles. The North America traction motor market growth analysis includes the assessment of the United States and Canada.

NORTH AMERICA TRACTION MOTOR MARKET FORECAST 2021-2028

North America 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 North America traction motor market is expected to grow with a CAGR of 13.71%, during the forecast years of 2021 to 2028. The market growth is facilitated by factors, such as, the strong railway industry, in addition to the surging adoption and sale of electric vehicles.
north-america-traction-motor-market

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The North America traction motor market growth analysis includes the assessment of the United States and Canada. The United States is a thriving market, in terms of electric vehicles and locomotives, on account of their extensive adoption across the country. Moreover, several nations operating in the field have undertaken multiple contracts with various governments. These are mainly associated with traction motors, thereby leading to the country’s market growth.

The United States observes a robust demand for traction motors, especially in the railways. Similarly, several factors have contributed towards heightening the essence of rail transit, for the country’s economy. For instance, federal investments in rail passenger cars as well as locomotives, accounted for several billion dollars, over recent years. The competencies established into the policy procurements for programs like Next Generation Corridor Equipment Pool Committee and the High-Speed Intercity Passenger Rail Initiative, are anticipated to be promising for securing federal awards. As a result, these factors are set to drive market growth, over the forecast years.

American Traction Systems (ATS), headquartered in the United States, is a private and entirely American-owned enterprise, specializing in the design and manufacture of high power AC as well as DC motor control products. Its product segments comprise inverters, AC/DC converters, DC/DC converters, and motors and accessories. Moreover, the company caters to end-users, such as, marine, rail custom engineering, and electric vehicles.

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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
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    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: NORTH AMERICA TRACTION MOTOR MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

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

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

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

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

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

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

    TABLE 9: NORTH AMERICA 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: NORTH AMERICA TRACTION MOTOR MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    1. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    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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