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UNITED STATES TRACTION MOTOR MARKET FORECAST 2021-2025

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UNITED STATES TRACTION MOTOR MARKET FORECAST 2021-2025

The United States traction motor market growth is expected to evolve with a CAGR of 13.47%, over the forecast period. The country’s market growth is facilitated by factors, such as, the rapidly growing market for electric vehicles and locomotives, and the steady demand for traction motors across the railway industry. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2025.

UNITED STATES TRACTION MOTOR MARKET FORECAST 2021-2025

United States 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)

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The United States traction motor market growth is expected to evolve with a CAGR of 13.47%, over the forecast period. The country’s market growth is facilitated by factors, such as, the rapidly growing market for electric vehicles and locomotives, and the steady demand for traction motors across the railway industry. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2025.
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The United States is a growing market, in terms of locomotives and electric vehicles (EVs), primarily attributed to its wide adoption, across the country. Several companies operating in the market have undertaken several contracts, associated with traction motors with numerous governments, resulting in the United States’ traction motor market growth.

On the other hand, the United States has continued to remain a dominating market across North America, considering the consumption and manufacture of electric vehicles, especially in the present scenario. The growing concentration from automobile manufacturers, including international brands, like Ford and Tesla, the low operational costs, in addition to discounted charging fares, and supportive policies and norms on behalf of local governments, play an essential role in augmenting the country’s market growth. Likewise, the registration of electric vehicles is on the rise, owing to the incentives offered by state and local authorities. As a result, these factors are projected to fuel the United States’ traction market growth, over the forecast period.

Toshiba International Corporation, headquartered in the United States, is a diversified producer of electrical and electronic products. The company’s product portfolio encompasses a diverse range of energy-related equipment, building facilities, transportation systems, visual products, and semiconductors, among several others. Also, the company markets Blu-ray Disk and CD TVs under the brand, REGZA.

 

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. KEY ANALYTICS
      • IMPACT OF COVID-19 ON UNITED STATES TRACTION MOTOR MARKET
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
    4. MARKET BY TYPE
      • AC TRACTION MOTOR
      • DC TRACTION MOTOR
      • SYNCHRONOUS MOTOR
    5. MARKET BY POWER RATING
      • LESS THAN 200KW
      • 200–400 KW
      • MORE THAN 400KW
    6. MARKET BY APPLICATION
      • RAILWAYS
      • ELECTRIC VEHICLES
      • INDUSTRIAL VEHICLES
      • OTHERS
    7. COMPETITIVE LANDSCAPE
      •    KEY STRATEGIC DEVELOPMENTS
        • PRODUCT LAUNCH & DEVELOPMENTS
        • PARTNERSHIP & AGREEMENTS (COLLABORATION, JOINT VENTURE)
      •    COMPANY PROFILES
        • ABB LTD
        • TOSHIBA INTERNATIONAL CORPORATION
        • WABTEC CORPORATION
        • AMETEK
        • AMERICAN TRACTION SYSTEMS

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – UNITED STATES TRACTION MOTOR

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

    TABLE 3: UNITED STATES TRACTION MOTOR MARKET, BY TYPE, FORECAST YEARS, 2021-2025 (IN $ MILLION)

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

    TABLE 5: UNITED STATES TRACTION MOTOR MARKET, BY POWER RATING, FORECAST YEARS, 2021-2025 (IN $ MILLION)

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

    TABLE 7: UNITED STATES TRACTION MOTOR MARKET, BY APPLICATION, FORECAST YEARS, 2021-2025 (IN $ MILLION)

    FIGURE LIST

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: UNITED STATES TRACTION MOTOR MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 5: UNITED STATES TRACTION MOTOR MARKET, BY AC TRACTION MOTOR, 2021-2025 (IN $ MILLION)

    FIGURE 6: UNITED STATES TRACTION MOTOR MARKET, BY DC TRACTION MOTOR, 2021-2025 (IN $ MILLION)

    FIGURE 7: UNITED STATES TRACTION MOTOR MARKET, BY SYNCHRONOUS MOTOR, 2021-2025 (IN $ MILLION)

    FIGURE 8: UNITED STATES TRACTION MOTOR MARKET, GROWTH POTENTIAL, BY POWER RATING, IN 2020

    FIGURE 9: UNITED STATES TRACTION MOTOR MARKET, BY LESS THAN 200kW, 2021-2025 (IN $ MILLION)

    FIGURE 10: UNITED STATES TRACTION MOTOR MARKET, BY 200–400 kW, 2021-2025 (IN $ MILLION)

    FIGURE 11: UNITED STATES TRACTION MOTOR MARKET, BY MORE THAN 400KW, 2021-2025 (IN $ MILLION)

    FIGURE 12: UNITED STATES TRACTION MOTOR MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

    FIGURE 13: UNITED STATES TRACTION MOTOR MARKET, BY RAILWAYS, 2021-2025 (IN $ MILLION)

    FIGURE 14: UNITED STATES TRACTION MOTOR MARKET, BY ELECTRIC VEHICLES, 2021-2025 (IN $ MILLION)

    FIGURE 15: UNITED STATES TRACTION MOTOR MARKET, BY INDUSTRIAL VEHICLES, 2021-2025 (IN $ MILLION)

    FIGURE 16: UNITED STATES TRACTION MOTOR MARKET, BY OTHERS, 2021-2025 (IN $ MILLION)

    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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