Railway Traction Motors: Worldwide Market Forecast, 2019-2023 with ABB, Alstom, Bombardier, General Electric, Siemens, and Traktionssysteme Austria Leading the Competition - ResearchAndMarkets.com
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.
The market appears to be fragmented, and with the presence of several companies including ABB and Alstom, the competitive environment is quite intense.
Key PlayersABB Alstom Bombardier General Electric Siemens Traktionssysteme Austria
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORTPreface Currency conversion rates for US$
PART 03: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 04: MARKET SIZINGMarket definition Market sizing 2018 Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 06: MARKET SEGMENTATION BY TYPEComparison 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 LANDSCAPEGeographic 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 TRENDSEmergence of battery electric locomotives Adoption of IoT in railway propulsion system monitoring Smart railways gaining popularity
PART 12: VENDOR LANDSCAPEOverview Landscape disruption Competitive scenario
PART 13: VENDOR ANALYSISVendors 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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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