Latest Accomplishments Unlock Several Possibilities for Electric Traction Motor Industry
Posted On September 15, 2020
Like other machinery items, traction motors are submitted to check the propulsion of large and heavy machinery like industrial equipment, locomotives, and railways. It comprises of an electric motor that transmutes electrical energy into torque energy. Moreover, the motor is also fastened to the shaft that terminates in linear motion, thus energizing it.
Numerous Advantages of Traction Motors
Because of their high-reliability power, traction motors are extensively used over diesel engines and traditional steam. Adding on to that, its improved performance and simplified construction escalate its demand. Furthermore, the state-of-the-art technological advancement and emergence of upgraded semiconductor devices like reliable AC induction motors, electrification of railroads and locomotives, and IGBT (gate bipolar transistor) and thyristors, amplifies the exigency of traction motors.
Industrialization growth has positively influenced the expansion of the market along with presenting several prospects. Also, the upsurge in growing urbanization and advanced technologies has escalated the demand for heavy machinery and locomotives. On the other hand, the leading market players have been adopting strategies to develop the market. Lately, the current has been witnessing abundant activities including, brand new product acquisitions and launches.
New launches are prospering the Global Electric Traction Motor Market. Recently, American Traction System, a dominant traction motor manufacturer, has inaugurated a field-oriented traction motor inverter HERMES 1100 VDC. Furthermore, the newfangled traction inverter constitutes numerous advanced features. Also, the inverter targets to be used for advanced research operations functioning at high battery voltages.
Along with that, the market is unfolding possibilities with acquisitions. Recently, a leading company for traction motor manufacturer called Wabtec Corp and the locomotive provider has obtained an American company called RELCO Locomotives. With this investment, Wabtec targets to develop its freight services capabilities to advance and revamp the business.
Furthermore, Rafael Santana, the CEO, and President at Wabtec revealed that this acquisition would extend incredible values for the company's shareholders, customers, and employees. The portfolios would also strengthen the aftermarket service advancement along with evolving innovative and new solutions. Also, the acquisition would enhance and expand the market capabilities and help the company assist better.