Electric Traction Motor Market Latest Industry Growth Report 2018-2026


Posted August 8, 2018 by Stephenwilson12

Electric Traction Motor is anticipated to grow at a CAGR of 16.7% between 2018 and 2026. Electric traction motor is gaining popularity in several locomotive engine types and in electric vehicles.

 
Electric traction motors are the most common means for powering locomotive engines in the currently developed railway industry, but with the growing need for sustainable use of energy, the advent of the application of traction motors has added to an efficient use and distribution of energy in the industry. Electric traction motors are widely being used across several geographies particularly for the routes with dense traffic such as the suburban and urban railways or the long distance high speed lines that require electric traction to obtain the speeds required for inter-city travel. This equipment cut down energy losses to an estimated figure of approximately 15% with an assumption of energy at wheel of 100%. With application of new traction chain, energy inputs in locomotives decrease from 167% to around 143% under the similar assumptions. Application of electric traction motors in railway engines result in cut in energy loss wherein for transformers it reduces from 10.3% to 7%, converters from 18.1% to 4.7%, gearbox and motor from 18.2% to 12.2%, vehicle parking 7.6% 8.4% (higher percentage value due to reduced total loses) and power house & auxiliary systems from 12.4% to 9.9%.

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DC traction motors were conventionally the moist used types on both electric and diesel-electric rolling stock, however the contemporary power electronics has enabled application of AC motors. For most of the new engines built today, AC motor is the most preferred type. AC motors have certain advantages such as its simple for manufacturing as this type requires no mechanical contracts for its functioning, lighter compared to DC motors for equivalent amount of power. Use of modern and advanced electronics allows the AC units to be controlled efficiently to improve traction and adhesion. It can be controlled with microprocessors to a specific degree which also helps in regenerating current down to almost a stop whereas DC regeneration fades quickly at low speeds. Moreover, AC motors are more robust and easier to maintain than DC motors. These products are also being used in electric vehicles, conveyors and industrial machinery in the present industry space. It automobiles too, more than DC the AC motors has the larger share of application.

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Asia Pacific region is expected to be the fastest growing market for production of electric traction motors over the forecast period from 2018 to 2026. Development of the industrial equipment manufacturing industry in India, Japan and especially China with its massive domestic demand figures is the major driving factors for the regions fast increasing consumption of these products in the railway engine manufacturing industry.

The Western Europe has been dominating the global market for production of these products and also in terms of exports, followed by the Asia Pacific and the U.S. in the third position. But the increasing subways and urban light railway systems and yearly increasing investment in intercity high-speed rail lines in Asia Pacific countries due to need from its growing population, manufacturing industry of these products in the region is likely to witness the fastest growth in the next eight years. Some of the leading industry participants include Weg Sa, Toshiba, Skoda Electric, NIDE, General Electric (GE), CG Power, Bosch, Siemen, Traktionssysteme Austria, Alsto and Crr.

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Tags analysis , forecast , growth , research , share , size , trends
Last Updated August 8, 2018