Press release
Global Railway Traction Motor Market is expected to reach $41.63 billion in 2025
Global Railway Traction Motor Market
The market is segmented by type, application, and geography. Furthermore, by type of system, it includes direct current traction motor, alternating current traction motor, and synchronous alternating current traction motor. By type of application, it is classified into diesel locomotives, electric multiple units, electric locomotives, and diesel-electric locomotives. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Market Dynamics:
Drivers:
Incorporation of traction motors in the railway engines
Lower emission
Low manufacturing and maintenance costs
Lower down the loss in performance
Restraints:
Rise in price
High investment cost
Market Players:
The top players in the global railway traction motor market include ABB, Aisin Seiki Co. Ltd., Sulzer Ltd., ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corporation, Saini Group, and VEM Gruppe.
RAILWAY TRACTION MOTOR MARKET LANDSCAPE
By Type
Direct Current Traction Motor
Alternating Current Traction Motor
Synchronous Alternating Current Traction Motor
By Application
Diesel Locomotives
Electric Multiple Units
Electric Locomotives
Diesel-Electric Locomotives
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.
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