The North America Electric Traction Motor Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
The AC system enables speed control with switchgear on the truck and efficient power distribution along a rail line. Due to their fixed speed characteristic, AC induction motors and synchronous motors are simple and inexpensive maintenance, but difficult to employ for traction motors. An AC induction motor can only operate at a limited speed range, which is dictated by the design of the motor and the frequencies of the AC power source.
A locomotive can now use a variable frequency drive, which enables a broad range of speeds, AC power transfer, and tough induction motors without wearing elements like brushes and commutators. This is made possible by the development of power semiconductors. Before the middle of the 20th century, connecting rods very similar to those used on steam locomotives were frequently employed to drive many driving wheels by a single, huge motor. Examples include the DD1, FF1, and L5 of the Pennsylvania Railroad and the various Swiss Crocodiles.
EV sales have considerably increased recently in Canada, the US, and other nations, but still, constitute a small portion of all new car sales. According to the International Energy Agency, at the end of 2014, there were 665,000 electric vehicles on the road, up from 180,000 in 2012. The market share for light-duty cars in Canada is now 0.28 percent, based on the most recent data. Although electric vehicle (EV) technology has been available for a while, industry insiders believe that consumers are uninformed of the advantages of EVs over conventional cars with internal combustion engines (ICE).
The US market dominated the North America Electric Traction Motor Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,594.2 million by 2028.The Canada market is poised to grow at a CAGR of 13.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 13.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Electric Traction Motor Market is Estimated 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
By Application
- Railways
- Electric Vehicle
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
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.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Electric Traction Motor Market, by Power Rating
1.4.2 North America Electric Traction Motor Market, by Type
1.4.3 North America Electric Traction Motor Market, by Application
1.4.4 North America Electric Traction Motor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. North America Electric Traction Motor Market by Power Rating
4.1 North America Below 200 kW Market by Country
4.2 North America 200-400 kW Market by Country
4.3 North America Above 400 kW Market by Country
Chapter 5. North America Electric Traction Motor Market by Type
5.1 North America AC Market by Country
5.2 North America DC Market by Country
Chapter 6. North America Electric Traction Motor Market by Application
6.1 North America Railways Market by Country
6.2 North America Electric Vehicle Market by Country
6.3 North America Others Market by Country
Chapter 7. North America Electric Traction Motor Market by Country
7.1 US Electric Traction Motor Market
7.1.1 US Electric Traction Motor Market by Power Rating
7.1.2 US Electric Traction Motor Market by Type
7.1.3 US Electric Traction Motor Market by Application
7.2 Canada Electric Traction Motor Market
7.2.1 Canada Electric Traction Motor Market by Power Rating
7.2.2 Canada Electric Traction Motor Market by Type
7.2.3 Canada Electric Traction Motor Market by Application
7.3 Mexico Electric Traction Motor Market
7.3.1 Mexico Electric Traction Motor Market by Power Rating
7.3.2 Mexico Electric Traction Motor Market by Type
7.3.3 Mexico Electric Traction Motor Market by Application
7.4 Rest of North America Electric Traction Motor Market
7.4.1 Rest of North America Electric Traction Motor Market by Power Rating
7.4.2 Rest of North America Electric Traction Motor Market by Type
7.4.3 Rest of North America Electric Traction Motor Market by Application
Chapter 8. Company Profiles
8.1 Robert Bosch GmbH
8.1.1 Company Overview
8.1.1 Financial Analysis
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expense
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.5 SWOT Analysis
8.2 Toshiba Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research and Development Expense
8.2.6 SWOT Analysis
8.3 ABB Group
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Geographical Expansions:
8.3.6 SWOT Analysis
8.4 Siemens AG
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.6 SWOT Analysis
8.5 Nidec Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent Strategies and Developments:
8.5.5.1 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 General Electric (GE) Co.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.6 SWOT Analysis
8.7 CG Power & Industrial Solutions Ltd. (Murugappa Group)
8.7.1 Company Overview
8.7.2 Segmental and Regional Analysis
8.7.3 Recent strategies and developments:
8.7.3.1 Geographical Expansions:
8.8 Mitsubishi Electric Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.9 Ametek, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.10. Kawasaki Heavy Industries, Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5.1 Product Launches and Product Expansions:
TABLE 1 North America Electric Traction Motor Market, 2018 - 2021, USD Million
TABLE 2 North America Electric Traction Motor Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Electric Traction Motor Market
TABLE 4 Product Launches And Product Expansions– Electric Traction Motor Market
TABLE 5 geographical Expansions– Electric Traction Motor Market
TABLE 6 North America Electric Traction Motor Market by Power Rating, 2018 - 2021, USD Million
TABLE 7 North America Electric Traction Motor Market by Power Rating, 2022 - 2028, USD Million
TABLE 8 North America Below 200 kW Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Below 200 kW Market by Country, 2022 - 2028, USD Million
TABLE 10 North America 200-400 kW Market by Country, 2018 - 2021, USD Million
TABLE 11 North America 200-400 kW Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Above 400 kW Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Above 400 kW Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Electric Traction Motor Market by Type, 2018 - 2021, USD Million
TABLE 15 North America Electric Traction Motor Market by Type, 2022 - 2028, USD Million
TABLE 16 North America AC Market by Country, 2018 - 2021, USD Million
TABLE 17 North America AC Market by Country, 2022 - 2028, USD Million
TABLE 18 North America DC Market by Country, 2018 - 2021, USD Million
TABLE 19 North America DC Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Electric Traction Motor Market by Application, 2018 - 2021, USD Million
TABLE 21 North America Electric Traction Motor Market by Application, 2022 - 2028, USD Million
TABLE 22 North America Railways Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Railways Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Electric Vehicle Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Electric Vehicle Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Electric Traction Motor Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Electric Traction Motor Market by Country, 2022 - 2028, USD Million
TABLE 30 US Electric Traction Motor Market, 2018 - 2021, USD Million
TABLE 31 US Electric Traction Motor Market, 2022 - 2028, USD Million
TABLE 32 US Electric Traction Motor Market by Power Rating, 2018 - 2021, USD Million
TABLE 33 US Electric Traction Motor Market by Power Rating, 2022 - 2028, USD Million
TABLE 34 US Electric Traction Motor Market by Type, 2018 - 2021, USD Million
TABLE 35 US Electric Traction Motor Market by Type, 2022 - 2028, USD Million
TABLE 36 US Electric Traction Motor Market by Application, 2018 - 2021, USD Million
TABLE 37 US Electric Traction Motor Market by Application, 2022 - 2028, USD Million
TABLE 38 Canada Electric Traction Motor Market, 2018 - 2021, USD Million
TABLE 39 Canada Electric Traction Motor Market, 2022 - 2028, USD Million
TABLE 40 Canada Electric Traction Motor Market by Power Rating, 2018 - 2021, USD Million
TABLE 41 Canada Electric Traction Motor Market by Power Rating, 2022 - 2028, USD Million
TABLE 42 Canada Electric Traction Motor Market by Type, 2018 - 2021, USD Million
TABLE 43 Canada Electric Traction Motor Market by Type, 2022 - 2028, USD Million
TABLE 44 Canada Electric Traction Motor Market by Application, 2018 - 2021, USD Million
TABLE 45 Canada Electric Traction Motor Market by Application, 2022 - 2028, USD Million
TABLE 46 Mexico Electric Traction Motor Market, 2018 - 2021, USD Million
TABLE 47 Mexico Electric Traction Motor Market, 2022 - 2028, USD Million
TABLE 48 Mexico Electric Traction Motor Market by Power Rating, 2018 - 2021, USD Million
TABLE 49 Mexico Electric Traction Motor Market by Power Rating, 2022 - 2028, USD Million
TABLE 50 Mexico Electric Traction Motor Market by Type, 2018 - 2021, USD Million
TABLE 51 Mexico Electric Traction Motor Market by Type, 2022 - 2028, USD Million
TABLE 52 Mexico Electric Traction Motor Market by Application, 2018 - 2021, USD Million
TABLE 53 Mexico Electric Traction Motor Market by Application, 2022 - 2028, USD Million
TABLE 54 Rest of North America Electric Traction Motor Market, 2018 - 2021, USD Million
TABLE 55 Rest of North America Electric Traction Motor Market, 2022 - 2028, USD Million
TABLE 56 Rest of North America Electric Traction Motor Market by Power Rating, 2018 - 2021, USD Million
TABLE 57 Rest of North America Electric Traction Motor Market by Power Rating, 2022 - 2028, USD Million
TABLE 58 Rest of North America Electric Traction Motor Market by Type, 2018 - 2021, USD Million
TABLE 59 Rest of North America Electric Traction Motor Market by Type, 2022 - 2028, USD Million
TABLE 60 Rest of North America Electric Traction Motor Market by Application, 2018 - 2021, USD Million
TABLE 61 Rest of North America Electric Traction Motor Market by Application, 2022 - 2028, USD Million
TABLE 62 key information – Robert Bosch GmbH
TABLE 63 Key Information – Toshiba Corporation
TABLE 64 Key Information – ABB Group
TABLE 65 Key Information – Siemens AG
TABLE 66 Key Information – Nidec Corporation
TABLE 67 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 68 Key Information – CG Power & Industrial Solutions Ltd.
TABLE 69 key information – Mitsubishi Electric Corporation
TABLE 70 Key Information – Ametek, Inc.
TABLE 71 Key Information – Kawasaki Heavy Industries, Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: Robert Bosch GmbH
FIG 5 Swot analysis: Robert Bosch GmbH
FIG 6 SWOT Analysis: Toshiba Corporation
FIG 7 Recent strategies and developments: ABB Group
FIG 8 SWOT Analysis: ABB Group
FIG 9 Recent strategies and developments: Siemens AG
FIG 10 Swot analysis: Siemens AG
FIG 11 SWOT Analysis: Nidec Corporation
FIG 12 Swot analysis: General electric (GE) Co.