Global Electric Traction System Market Overview:
Electrical traction is defined as the system that uses electrical power for traction system such as railway, trams, and trolleys. Furthermore, electric traction means locomotion in which the driving force is obtained from electrical motors. The global demand for electric traction systems has witnessed a steady rise in the past few years. Factors such as modernization of passenger railcars and growing urbanization, coupled with increase in electric locomotives, have primarily been the key driving forces for the market in the past few years Some of the key players profiled in the study are ABB, Ltd. (Switzerland), Delphi Automotive LLP (United States), Siemens AG (Germany), Voith GmbH (Germany), Schneider Electric SE (France), Mitsubishi Electric Corporation (Japan), The Curtiss-Wright Corporation (United States), Toshiba Corporation (Japan), Prodrive Technologies (Netherlands), General Electric, Co. (United States), Bombardier Inc. (Canada), CG Power and Industrial Solutions Ltd. (India), American Traction Systems (United States), Caterpillar Inc. (United States), VEM Group (Germany), TTM Rail - Transtech Melbourne Pty Ltd. (Australia) and Traktionssysteme Austria GmbH (Austria).
On the basis of geography, the market of Electric Traction System 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). If we see Market by End user, the sub-segment i.e. Automotive will boost the Electric Traction System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Investment in Railway Sector
- Technological Innovation Aimed At Improving Manufacturing Process
- Volatility in Raw Material Prices
- Rise in the Count of Electric Locomotives, Mushrooming Urbanization, and Refashioning Of Passenger Railcars
Target Audience:Electric Traction System Manufacturing Companies, Consulting Companies In Power Sector, Component Manufacturers And Suppliers, Insulation Raw Material Suppliers, State- Or Government-Owned Corporations, Electric Utilities and Government And Research Organizations
Major Objectives Focused through this Study To define, describe, and forecast the Global Electric Traction System market on the basis of product [Electric Traction Transformer, Electric Traction Motor, Electric Traction Generator, Electric Traction Inverter, Electric Traction Converter and Others] , application [Railways, Automotive, Oil & Gas, Power Engineering/Electrical Engineering and Mining], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Electric Traction System market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Electric Traction System industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Kawasaki Heavy Industries Ltd. (Japan), Hyundai Rotem Company (South Korea), Ansaldo Signalling (Italy) and Hitachi, Ltd. (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Electric Traction System market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.