Europe Electric Traction Motor Market

Europe Electric Traction Motor Market Size, Share & Industry Trends Analysis Report By Power Rating (Below 200 kW, 200-400 kW and Above 400 kW), By Type (AC and DC), By Application (Railways, Electric Vehicle), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-10658 Publication Date: August-2022 Number of Pages: 105
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Market Report Description

The Europe Electric Traction Motor Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).

One traction motor driving each axle with a gear drive is currently considered best practice. As a "nose-suspended traction motor," the traction motor is typically three-point suspended between both the driven axle and the bogie frame. The issue with this configuration is that some of the motor's weight is rotational inertia, producing undesirable track forces. In the instance of the renowned Pennsylvania Railroad GG1, each axle was driven by a quill drive using two frame-mounted motors.

Direct drive motors were used in the "Bi-Polar" electric locomotives that General Electric constructed for Milwaukee Road. The motor's rotating shaft doubled as the wheels' axle. In the case of French TGV-powered vehicles, a motor connected to the frame of the power car powers each axle; a "tripod" drive offers a modest amount of mobility in the drive train, enabling the trucks' bogies to rotate. Improved dynamics are obtained, allowing for better high-speed performance, by installing the comparatively heavy traction engine connected to the power car's frame as opposed to the bogie.

Several European governments have established challenging goals for the reduction of carbon emissions and stock requirements for electric vehicles by 2020. To allow interoperability among different electric vehicles across the region, some European nations, including France and Belgium, are concentrating on developing the infrastructure needed for electric vehicle charging. Despite a rise in the proportion of legal ULEV vehicles on UK roads, just a small portion of all licensed vehicles are ULEVs.

The Germany market dominated the Europe Electric Traction Motor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,593.7 million by 2028.The UK market is anticipated to grow at a CAGR of 10.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.9% during (2022 - 2028).

Based on Power Rating, the market is segmented into Below 200 kW, 200-400 kW and Above 400 kW. Based on Type, the market is segmented into AC and DC. Based on Application, the market is segmented into Railways, Electric Vehicle and Others. The report also covers geographical segmentation of Electric Traction Motor market. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Electric Traction Motor Market will Hit $23 Billion by 2028, at a CAGR of 11.7%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, Toshiba Corporation, ABB Group, Siemens AG, Nidec Corporation, General Electric (GE) Co., CG Power & Industrial Solutions Ltd. (Murugappa Group), Mitsubishi Electric Corporation, Ametek, Inc., and Kawasaki Heavy Industries, Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Power Rating

  • Below 200 kW
  • 200-400 kW
  • Above 400 kW

By Type

  • AC
  • DC

By Application

  • Railways
  • Electric Vehicle
  • Others

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • Robert Bosch GmbH
  • Toshiba Corporation
  • ABB Group
  • Siemens AG
  • Nidec Corporation
  • General Electric (GE) Co.
  • CG Power & Industrial Solutions Ltd. (Murugappa Group)
  • Mitsubishi Electric Corporation
  • Ametek, Inc.
  • Kawasaki Heavy Industries, Ltd.
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