The global electric traction motors market is anticipated to reach USD 31.5 billion by 2026 according to a new study published by Polaris Market Research.
Electric traction motors are the most common means for
powering locomotive engines in the currently developed railway industry, but
with the growing need for sustainable use of energy, the advent of the
application of traction motors has added to an efficient use and distribution
of energy in the industry. Electric traction motors are widely being used
across several geographies particularly for the routes with dense traffic such
as the suburban and urban railways or the long distance high speed lines that
require electric traction to obtain the speeds required for inter-city travel.
This equipment cut down energy losses to an estimated figure of approximately
15% with an assumption of energy at wheel of 100%. With application of new
traction chain, energy inputs in locomotives decrease from 167% to around 143%
under the similar assumptions. Application of electric traction motors in
railway engines result in cut in energy loss wherein for transformers it
reduces from 10.3% to 7%, converters from 18.1% to 4.7%, gearbox and motor from
18.2% to 12.2%, vehicle parking 7.6% 8.4% (higher percentage value due to
reduced total loses) and power house & auxiliary systems from 12.4% to
9.9%.
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DC traction motors were conventionally the moist used types
on both electric and diesel-electric rolling stock, however the contemporary
power electronics has enabled application of AC motors. For most of the new
engines built today, AC motor is the most preferred type. AC motors have
certain advantages such as its simple for manufacturing as this type requires
no mechanical contracts for its functioning, lighter compared to DC motors for
equivalent amount of power. Use of modern and advanced electronics allows the
AC units to be controlled efficiently to improve traction and adhesion. It can
be controlled with microprocessors to a specific degree which also helps in
regenerating current down to almost a stop whereas DC regeneration fades
quickly at low speeds. Moreover, AC motors are more robust and easier to
maintain than DC motors. These products are also being used in electric
vehicles, conveyors and industrial machinery in the present industry space. It
automobiles too, more than DC the AC motors has the larger share of
application.
Asia Pacific region is expected to be the fastest growing
market for production of electric traction motors over the forecast period from
2018 to 2026. Development of the industrial equipment manufacturing industry in
India, Japan and especially China with its massive domestic demand figures is
the major driving factors for the regions fast increasing consumption of these
products in the railway engine manufacturing industry.
The worldwide demand for freight and passenger rail
equipment including its infrastructure and related services in 2016 was
estimated USD 214 billion in 2016. The increasing network of railways globally
is a major factor to contribute to the increasing demand of rail equipment
including the electric traction motors.
The Western Europe has been dominating the global market for
production of these products and also in terms of exports, followed by the Asia
Pacific and the U.S. in the third position. But the increasing subways and
urban light railway systems and yearly increasing investment in intercity
high-speed rail lines in Asia Pacific countries due to need from its growing
population, manufacturing industry of these products in the region is likely to
witness the fastest growth in the next eight years. Some of the leading
industry participants include Weg Sa, Toshiba, Skoda Electric, NIDE, General
Electric (GE), CG Power, Bosch, Siemen, Traktionssysteme Austria, Alsto and
Crr.
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