LAMEA Electric Traction Motor Market Size & Forecast to 2028

LAMEA 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

Published Date: September-2022 | Number of Pages: 107 | Format: PDF | Report ID: KBV-19663

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Market Report Description

The Latin America, Middle East and Africa Electric Traction Motor Market would witness market growth of 15.0% CAGR during the forecast period (2022-2028).

The DC motor produces an internal voltage as it begins to turn due to the interplay of its magnetic fields. The applied voltage is opposed by this counter-electromotive force (CEMF), and the difference between the two controls the current flow. The self-generated voltage increases as the motor accelerate, the resulting EMF decreases, less current flows through the motor, and the torque decreases.

When the drag of the train equals the torque generated by the motors, the motor will naturally stop accelerating. To keep speeding the train, series capacitors are gradually replaced. Each replacement raises the effective voltage and, as a result, the current and torque for a brief period until the motor catches up.

Older DC trains would experience a succession of clunks under the floor and jerks of acceleration as a result of the rapid rise in torque brought on by the new surge in current. When there are no more resistors in the circuit, the motor is supplied with the entire line voltage. When the motor's torque, which is controlled by the useful voltage, equals the drag, or what is also described as balancing speed, the train travels at a constant speed.

The EV Green Charger program, which will offer a network of electric vehicle charging stations throughout the city, has been revealed by the Dubai Electricity and Water Authority (DEWA). As part of the Dubai Green Mobility Strategy 2030, this model outlines Dubai's endeavors to improve sustainable and cutting-edge transportation solutions while reducing carbon emissions in the transportation sector. The total number of electric vehicles in Dubai has increased as a result of DEWA's continued growth of this initiative and the introduction of its free-charging incentive program.

The Brazil market dominated the LAMEA Electric Traction Motor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $389.9 million by 2028.The Argentina market is experiencing a CAGR of 15.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 14.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Electric Traction Motor Market is Predict to reach $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

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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Related Reports:

Global Electric Traction Motor Market Report 2022-2028

North America Electric Traction Motor Market Report 2022-2028

Asia Pacific Electric Traction Motor Market Report 2022-2028

Europe Electric Traction Motor Market Report 2022-2028

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