What is Synchronous Traction Motor Market Scope?
Prior to the introduction of variable frequency drives, synchronous machines were only used as generators or condenser motors, never as traction motors. The motor has a three-phase stater winding and a DC field excitation rotor. The DC field may have salient or non-salient poles, as well as a permanent magnet. Traction Motors are widely used in Electric Vehicles especially Cars, the market demand for electric vehicles is yet to flourish in some regions, and is expected to grow as more nations move towards sustainability. This derives market opportunities for synchronous traction motors, in the Coming years.
Synchronous Traction Motor Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Demand for Electric Vehicles
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Influencing Trends | - Shift Towards Use of Electric Vehicles
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Restraints | - Cost Per kW output is Relatively Higher Than Induction Motor
- Frequent Maintenance
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Road Blocks / Challenges | - High Initiation Torque
- Costly Maintenance
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Gaps & Opportunities | - Increasing Research and Development in Electronics
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The Synchronous Traction Motor market study is being classified by Type (Non-excited motors. and DC-excited motors), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States, German and Japanese will contribute to the maximum growth of Global Synchronous Traction Motor market throughout the predicted period.
ABB (Switzerland), CG Power and Industrial Solutions (India), CRRC (China), Ametek (United States), General Electric (United States), Toshiba (Germany), Eaton (Ireland), Siemens (Germany), Mitsubishi Electric (Japan) and Aisin Seiki (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Bombardier Inc. (Canada) and Nidec (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Synchronous Traction Motor market by Type, Application and Region.
On the basis of geography, the market of Synchronous Traction Motor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
On 12th February 2020 - Nidec Announced its Plans to Expand Its Geographical Reach Across Three Key Regions Viz. China, Poland, and Mexico. Total Investment is Valued at USD 1.8 Billion. The Expansion is a Strategy to Reduce Costs for Electric Motors to provide For EV Market
On 12th February 2020 - ABB India Announced its Supply Contract of Energy-Efficient Traction Equipment and Industrial Drives to Chittaranjan Based Manufacturing Unit of The Indian Railways, and Industrial Drives to Megha Engineering & Infrastructures Limited (MEIL). A contract is Worth USD 26Million and In February 2020 - Nidec Launched Two New Traction Motor Systems: The 200 Kw Ni200Ex and 50 Kw Ni50Ex Based on its Original 150 kW E-Axle (Fully Integrated Traction Motor System with Electric Motor, Reduction Gearbox and Inverter)
Key Target Audience
Synchronous Traction Motor Manufactures, New Entrants and Investors, Synchronous Traction Motor Distributors and Suppliers, Venture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Synchronous Traction Motor Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
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