Global AC Traction Motor Market Growth 2023-2029

Global AC Traction Motor Market Growth 2023-2029

Traction motor refers to a motor that generates traction power for a locomotive or a motor vehicle. Compared with DC motors, AC traction motors are simple and reliable in structure, small in size and light in weight. They are more suitable for vehicle installation space and weight requirements. More importantly, AC traction motors have large power, strong overload capacity, Low noise, wide speed adjustment range, huge regenerative braking force, can prevent wheel slip, high reliability, convenient maintenance, smooth and comfortable, etc., it has become the first choice of drive motor for modern urban rail transit locomotive.

LPI (LP Information)' newest research report, the “AC Traction Motor Industry Forecast” looks at past sales and reviews total world AC Traction Motor sales in 2022, providing a comprehensive analysis by region and market sector of projected AC Traction Motor sales for 2023 through 2029. With AC Traction Motor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world AC Traction Motor industry.

This Insight Report provides a comprehensive analysis of the global AC Traction Motor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on AC Traction Motor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global AC Traction Motor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for AC Traction Motor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global AC Traction Motor.

The global AC Traction Motor market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for AC Traction Motor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for AC Traction Motor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for AC Traction Motor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key AC Traction Motor players cover ABB, American Traction Systems, Ametek, Robert Bosch, Cg Power and Industrial Solutions, Ge, Hitachi, Hyundai Rotem and Johnson Electric, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of AC Traction Motor market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Below 200 kW
200-400 kW
Above 400 kW

Segmentation by application
Railways
Electric Vehicle
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
American Traction Systems
Ametek
Robert Bosch
Cg Power and Industrial Solutions
Ge
Hitachi
Hyundai Rotem
Johnson Electric
Kawasaki
Lynch
Magna
Mitsubishi
Nidec

Key Questions Addressed in this Report

What is the 10-year outlook for the global AC Traction Motor market?

What factors are driving AC Traction Motor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do AC Traction Motor market opportunities vary by end market size?

How does AC Traction Motor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.