Electric Traction Systems Market (Type - Electric Traction Transformer, Electric Traction Motor, Electric Traction Generator, Electric Traction Inverter, and Electric Traction Converter; End-use Industry - Automotive, Oil & Gas, Power Engineering / Electrical Engineering, Mining, and Transportation) - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2025
Global Electric Traction Systems Market: Overview
The global electric traction systems market is envisioned to testify an intensified level of competition as players look to make a unique appearance in the industry on the basis of expertise, experience, and pricing of components. Players could also focus on making strategic partnerships to secure a strong status in the market. The rising demand for faster rail-based transportation facilities and increasing population are forecast to bode well for the growth of the market. Furthermore, continuous research and development could open up new opportunities in the foreseeable future.
The global electric traction systems market could see a classification according to end-use industry and type. By type, electric traction motor is envisaged to secure a king’s share of the market.
The researchers authoring the report give explanations about catholic factors expected to positively influence the growth of the global electric traction systems market. Moreover, the report acts as a definite guideline for readers to effectively plan their strategies for future growth.
Global Electric Traction Systems Market: Trends and Opportunities
The world electric traction systems market is prognosticated to witness a steady increase in its growth due to the rise in the count of electric locomotives, mushrooming urbanization, and refashioning of passenger railcars. The market could be propelled by substantial transformations in rail-based transportation systems such as metro connectivity and railway connectivity. The augmented utilization of power is expected to be complemented with the increase in the demand for electric traction systems supported by the surge in the induction of air-conditioned coaches.
The modernization of passenger railcars is anticipated to gain impetus because of the rising focus of rolling stock manufacturers, railroad companies, and government authorities to find solutions for the stable increase in railway traffic across emerging and developed countries. In order to support air conditioners, vehicles could logically increase their power consumption and eventually raise the demand for electric traction systems.
Global Electric Traction Systems Market: Regional Analysis
In 2016, Asia Pacific gained possession of a larger share in the international electric traction systems market, which could be a positive sign for the region to continue its dominance in the coming years. In the same year, Japan and Australia followed India and China in their pursuit of acquiring a commanding position in the Asia Pacific market. The strong growth observed in Asia Pacific is prophesied to be attributed to certain factors such as the development of the transportation infrastructure therein, which includes railway connections, hybrid electric vehicles, high-speed bullet trains, and metro rail systems.
Europe could tread on the heels of Asia Pacific on the basis of revenue contribution, which is anticipated to be evident from its second-largest share attained in 2016. The region could be led by Commonwealth of Independent State (CIS) nations and Russia trailed by Germany. Tight government regulations regarding emissions from trains and other vehicles and initiatives to improve the transportation system are envisaged to augur well for the regional market.
Global Electric Traction Systems Market: Companies Mentioned
The world electric traction systems market could be marked by the presence of powerful competitors such as Delphi Automotive LLP, Siemens AG, The KONCAR Group, Alstom S.A., and ABB, Ltd. With top five companies collecting a meager aggregate share, the market’s vendor landscape is predicted to carry a significantly fragmented characteristic. Prominent companies operating in the market are projected to secure their presence with the help of long-term maintenance services and customized products.
Global Electric Traction Systems Market by Type
Global Electric Traction Systems Market by End-use Industry
Global Electric Traction Systems Market by Region
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