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Railway Traction Motors: Worldwide Market Forecast, 2019-2023 with ABB, Alstom, Bombardier, General Electric, Siemens, and Traktionssysteme Austria Leading the Competition - ResearchAndMarkets.com

February 7, 2019

DUBLIN--(BUSINESS WIRE)--Feb 7, 2019--The “Global Railway Traction Motor Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The railway traction motor market will register a CAGR of almost 4% by 2023.

Smart railways gaining popularity to trend in the market

The increase in air traffic and road transport congestion has made rail transport a superior alternative in emerging economies such as India and China. Rails are safer and provide a more credible and competitive alternative compared with road and air transport.

Despite challenges such as high initial investment and maintenance cost, the geographical, financial, and environmental factors help foster the growth of rail infrastructure.

Railway infrastructure development in Asian countries

The railways industry in major developing countries in APAC is undergoing significant growth due to investments made in the development of existing railway infrastructure. Over the past decade, investment in railways has increased from 10% to 30%, with APAC countries accounting for a major share.

The global transport market will be driven by the railway sector in APAC. Economic growth, urbanization, and population are critical factors that trigger the need for investment in railways. This trend is gaining significant ground in APAC, primarily in China and India as they account for vast population.

Delay in execution and development of railway projects

The delay in the development and execution of railway projects is another factor hindering the growth of the global railway traction motor market.

Railway projects, in general, are large and are a major cost sink for the local as well as the national economy owing to which delays in project implementation are frequent, and the time spread between planning, construction start, and completion at times is very wide.

The uncertainty and fluctuation in railway investments and project execution are major challenges for the vendors of railway couplers as they directly affect the demand for couplers.

Competitive Landscape

The market appears to be fragmented, and with the presence of several companies including ABB and Alstom, the competitive environment is quite intense.

Key Players

ABB Alstom Bombardier General Electric Siemens Traktionssysteme Austria

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

Preface Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY TYPE

Comparison by type DC motors - Market size and forecast 2018-2023 AC motors - Market size and forecast 2018-2023 Synchronous motors - Market size and forecast 2018-2023 Market opportunity by type

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic comparison APAC - Market size and forecast 2018-2023 North America - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 Key leading countries Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

Emergence of battery electric locomotives Adoption of IoT in railway propulsion system monitoring Smart railways gaining popularity

PART 12: VENDOR LANDSCAPE

Overview Landscape disruption Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors ABB Alstom Bombardier General Electric Siemens Traktionssysteme Austria

For more information about this report visit https://www.researchandmarkets.com/research/77qm59/railway_traction?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005665/en/

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Related Topics:Rail

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT RAIL

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/07/2019 12:17 PM/DISC: 02/07/2019 12:17 PM

http://www.businesswire.com/news/home/20190207005665/en