openPR Logo
Press release

Locomotive Traction Motors Market Share, Worldwide Opportunities, Driving Forces, Future Potential By 2027| ABB, GE, ALSTOM

09-10-2021 02:55 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: QY Research

Los Angeles, United State: QY Research has recently published a research report titled, “Global Locomotive Traction Motors Market Report, History and Forecast 2016-2027, Breakdown Data by Manufacturers, Key Regions, Types and Application”. Primary and secondary research methodologies have been used to formulate this report. The analysis has been derived using historic and forecast. The global Locomotive Traction Motors market is expected to thrive in terms of volume and value during the forecast years. This report offers an understanding of various drivers, threats, opportunities, and restraints in the market. Analysts have used SWOT and Porter’s five forces analysis to determine the effect these factors will have on the market growth during the forecast period. The Locomotive Traction Motors report includes in-depth examination of geographical regions, revenue forecasts, segmentation, and market share.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) https://www.qyresearch.com/sample-form/form/3119893/global-locomotive-traction-motors-market

Competitive landscape of a market explains strategies incorporated by key players of the Locomotive Traction Motors market. Key developments and shift in management in the recent years by players has been explained through company profiling. This helps readers to understand the trends that will accelerate the growth of Locomotive Traction Motors market. It also includes investment strategies, marketing strategies, and product development plans adopted by major players of the Locomotive Traction Motors market. The market forecast will help readers make better investments.

Key Players Mentioned in the Global Locomotive Traction Motors Market Research Report: ABB, GE, ALSTOM, Siemens, Toshiba, Hyundai Rotem, Traktionssysteme Austria, Skoda, Rotomac Electricals, Bombardier, CLW, Saini, VEM Sachsenwerk, Progress Rail Services, CRRC, XEMC, Zibo Electric Traction

Global Locomotive Traction Motors Market Segmentation by Product: Induction Traction Motor, Permanent-magnet Synchronous Traction Motor

Global Locomotive Traction Motors Market Segmentation by Application: Electric Locomotives, High-speed Train, Others

The comprehensive segmental analysis offered in the report digs deep into important type and application segments of the global Locomotive Traction Motors market. It shows how leading segments are attracting growth in the global Locomotive Traction Motors market. Moreover, it includes accurate estimations of the market share, CAGR, and market size of all segments studied in the report.

The regional segmentation study is one of the best offerings of the report that explains why some regions are taking the lead in the global Locomotive Traction Motors market while others are making a low contribution to the global market growth. Each regional market is comprehensively researched about in the report with accurate predictions about its future growth potential, market share, market size, and market growth rate.

Key questions answered in the report:

What is the growth potential of the Locomotive Traction Motors market?
Which product segment will grab a lion’s share?
Which regional market will emerge as a frontrunner in coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in Locomotive Traction Motors industry in the years to come?
What are the key challenges that the global Locomotive Traction Motors market may face in future?
Which are the leading companies in the global Locomotive Traction Motors market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain hold in the global Locomotive Traction Motors market?

Request for customization in Report: https://www.qyresearch.com/customize-request/form/3119893/global-locomotive-traction-motors-market

Table od Content

1 Locomotive Traction Motors Market Overview
1.1 Locomotive Traction Motors Product Overview
1.2 Locomotive Traction Motors Market Segment by Type
1.2.1 Induction Traction Motor
1.2.2 Permanent-magnet Synchronous Traction Motor
1.3 Global Locomotive Traction Motors Market Size by Type
1.3.1 Global Locomotive Traction Motors Market Size Overview by Type (2016-2027)
1.3.2 Global Locomotive Traction Motors Historic Market Size Review by Type (2016-2021)
1.3.2.1 Global Locomotive Traction Motors Sales Breakdown in Volume by Type (2016-2021)
1.3.2.2 Global Locomotive Traction Motors Sales Breakdown in Value by Type (2016-2021)
1.3.2.3 Global Locomotive Traction Motors Average Selling Price (ASP) by Type (2016-2021)
1.3.3 Global Locomotive Traction Motors Forecasted Market Size by Type (2022-2027)
1.3.3.1 Global Locomotive Traction Motors Sales Breakdown in Volume by Type (2022-2027)
1.3.3.2 Global Locomotive Traction Motors Sales Breakdown in Value by Type (2022-2027)
1.3.3.3 Global Locomotive Traction Motors Average Selling Price (ASP) by Type (2022-2027)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Locomotive Traction Motors Sales Breakdown by Type (2016-2021)
1.4.2 Europe Locomotive Traction Motors Sales Breakdown by Type (2016-2021)
1.4.3 Asia-Pacific Locomotive Traction Motors Sales Breakdown by Type (2016-2021)
1.4.4 Latin America Locomotive Traction Motors Sales Breakdown by Type (2016-2021)
1.4.5 Middle East and Africa Locomotive Traction Motors Sales Breakdown by Type (2016-2021)

2 Global Locomotive Traction Motors Market Competition by Company
2.1 Global Top Players by Locomotive Traction Motors Sales (2016-2021)
2.2 Global Top Players by Locomotive Traction Motors Revenue (2016-2021)
2.3 Global Top Players Locomotive Traction Motors Price (2016-2021)
2.4 Global Top Manufacturers Locomotive Traction Motors Manufacturing Base Distribution, Sales Area, Product Type
2.5 Locomotive Traction Motors Market Competitive Situation and Trends
2.5.1 Locomotive Traction Motors Market Concentration Rate (2016-2021)
2.5.2 Global 5 and 10 Largest Manufacturers by Locomotive Traction Motors Sales and Revenue in 2020
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Locomotive Traction Motors as of 2020)
2.7 Date of Key Manufacturers Enter into Locomotive Traction Motors Market
2.8 Key Manufacturers Locomotive Traction Motors Product Offered
2.9 Mergers & Acquisitions, Expansion

3 Locomotive Traction Motors Status and Outlook by Region
3.1 Global Locomotive Traction Motors Market Size and CAGR by Region: 2016 VS 2021 VS 2026
3.2 Global Locomotive Traction Motors Historic Market Size by Region
3.2.1 Global Locomotive Traction Motors Sales in Volume by Region (2016-2021)
3.2.2 Global Locomotive Traction Motors Sales in Value by Region (2016-2021)
3.2.3 Global Locomotive Traction Motors Sales (Volume & Value) Price and Gross Margin (2016-2021)
3.3 Global Locomotive Traction Motors Forecasted Market Size by Region
3.3.1 Global Locomotive Traction Motors Sales in Volume by Region (2022-2027)
3.3.2 Global Locomotive Traction Motors Sales in Value by Region (2022-2027)
3.3.3 Global Locomotive Traction Motors Sales (Volume & Value), Price and Gross Margin (2022-2027)

4 Global Locomotive Traction Motors by Application
4.1 Locomotive Traction Motors Market Segment by Application
4.1.1 Electric Locomotives
4.1.2 High-speed Train
4.1.3 Others
4.2 Global Locomotive Traction Motors Market Size by Application
4.2.1 Global Locomotive Traction Motors Market Size Overview by Application (2016-2027)
4.2.2 Global Locomotive Traction Motors Historic Market Size Review by Application (2016-2021)
4.2.2.1 Global Locomotive Traction Motors Sales Breakdown in Volume, by Application (2016-2021)
4.2.2.2 Global Locomotive Traction Motors Sales Breakdown in Value, by Application (2016-2021)
4.2.2.3 Global Locomotive Traction Motors Average Selling Price (ASP) by Application (2016-2021)
4.2.3 Global Locomotive Traction Motors Forecasted Market Size by Application (2022-2027)
4.2.3.1 Global Locomotive Traction Motors Sales Breakdown in Volume, by Application (2022-2027)
4.2.3.2 Global Locomotive Traction Motors Sales Breakdown in Value, by Application (2022-2027)
4.2.3.3 Global Locomotive Traction Motors Average Selling Price (ASP) by Application (2022-2027)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Locomotive Traction Motors Sales Breakdown by Application (2016-2021)
4.3.2 Europe Locomotive Traction Motors Sales Breakdown by Application (2016-2021)
4.3.3 Asia-Pacific Locomotive Traction Motors Sales Breakdown by Application (2016-2021)
4.3.4 Latin America Locomotive Traction Motors Sales Breakdown by Application (2016-2021)
4.3.5 Middle East and Africa Locomotive Traction Motors Sales Breakdown by Application (2016-2021)

5 North America Locomotive Traction Motors by Country
5.1 North America Locomotive Traction Motors Historic Market Size by Country
5.1.1 North America Locomotive Traction Motors Sales in Volume by Country (2016-2021)
5.1.2 North America Locomotive Traction Motors Sales in Value by Country (2016-2021)
5.2 North America Locomotive Traction Motors Forecasted Market Size by Country
5.2.1 North America Locomotive Traction Motors Sales in Volume by Country (2022-2027)
5.2.2 North America Locomotive Traction Motors Sales in Value by Country (2022-2027)

6 Europe Locomotive Traction Motors by Country
6.1 Europe Locomotive Traction Motors Historic Market Size by Country
6.1.1 Europe Locomotive Traction Motors Sales in Volume by Country (2016-2021)
6.1.2 Europe Locomotive Traction Motors Sales in Value by Country (2016-2021)
6.2 Europe Locomotive Traction Motors Forecasted Market Size by Country
6.2.1 Europe Locomotive Traction Motors Sales in Volume by Country (2022-2027)
6.2.2 Europe Locomotive Traction Motors Sales in Value by Country (2022-2027)

7 Asia-Pacific Locomotive Traction Motors by Region
7.1 Asia-Pacific Locomotive Traction Motors Historic Market Size by Region
7.1.1 Asia-Pacific Locomotive Traction Motors Sales in Volume by Region (2016-2021)
7.1.2 Asia-Pacific Locomotive Traction Motors Sales in Value by Region (2016-2021)
7.2 Asia-Pacific Locomotive Traction Motors Forecasted Market Size by Region
7.2.1 Asia-Pacific Locomotive Traction Motors Sales in Volume by Region (2022-2027)
7.2.2 Asia-Pacific Locomotive Traction Motors Sales in Value by Region (2022-2027)

8 Latin America Locomotive Traction Motors by Country
8.1 Latin America Locomotive Traction Motors Historic Market Size by Country
8.1.1 Latin America Locomotive Traction Motors Sales in Volume by Country (2016-2021)
8.1.2 Latin America Locomotive Traction Motors Sales in Value by Country (2016-2021)
8.2 Latin America Locomotive Traction Motors Forecasted Market Size by Country
8.2.1 Latin America Locomotive Traction Motors Sales in Volume by Country (2022-2027)
8.2.2 Latin America Locomotive Traction Motors Sales in Value by Country (2022-2027)

9 Middle East and Africa Locomotive Traction Motors by Country
9.1 Middle East and Africa Locomotive Traction Motors Historic Market Size by Country
9.1.1 Middle East and Africa Locomotive Traction Motors Sales in Volume by Country (2016-2021)
9.1.2 Middle East and Africa Locomotive Traction Motors Sales in Value by Country (2016-2021)
9.2 Middle East and Africa Locomotive Traction Motors Forecasted Market Size by Country
9.2.1 Middle East and Africa Locomotive Traction Motors Sales in Volume by Country (2022-2027)
9.2.2 Middle East and Africa Locomotive Traction Motors Sales in Value by Country (2022-2027)

10 Company Profiles and Key Figures in Locomotive Traction Motors Business
10.1 ABB
10.1.1 ABB Corporation Information
10.1.2 ABB Introduction and Business Overview
10.1.3 ABB Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.1.4 ABB Locomotive Traction Motors Products Offered
10.1.5 ABB Recent Development
10.2 GE
10.2.1 GE Corporation Information
10.2.2 GE Introduction and Business Overview
10.2.3 GE Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.2.4 ABB Locomotive Traction Motors Products Offered
10.2.5 GE Recent Development
10.3 ALSTOM
10.3.1 ALSTOM Corporation Information
10.3.2 ALSTOM Introduction and Business Overview
10.3.3 ALSTOM Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.3.4 ALSTOM Locomotive Traction Motors Products Offered
10.3.5 ALSTOM Recent Development
10.4 Siemens
10.4.1 Siemens Corporation Information
10.4.2 Siemens Introduction and Business Overview
10.4.3 Siemens Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.4.4 Siemens Locomotive Traction Motors Products Offered
10.4.5 Siemens Recent Development
10.5 Toshiba
10.5.1 Toshiba Corporation Information
10.5.2 Toshiba Introduction and Business Overview
10.5.3 Toshiba Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.5.4 Toshiba Locomotive Traction Motors Products Offered
10.5.5 Toshiba Recent Development
10.6 Hyundai Rotem
10.6.1 Hyundai Rotem Corporation Information
10.6.2 Hyundai Rotem Introduction and Business Overview
10.6.3 Hyundai Rotem Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.6.4 Hyundai Rotem Locomotive Traction Motors Products Offered
10.6.5 Hyundai Rotem Recent Development
10.7 Traktionssysteme Austria
10.7.1 Traktionssysteme Austria Corporation Information
10.7.2 Traktionssysteme Austria Introduction and Business Overview
10.7.3 Traktionssysteme Austria Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.7.4 Traktionssysteme Austria Locomotive Traction Motors Products Offered
10.7.5 Traktionssysteme Austria Recent Development
10.8 Skoda
10.8.1 Skoda Corporation Information
10.8.2 Skoda Introduction and Business Overview
10.8.3 Skoda Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.8.4 Skoda Locomotive Traction Motors Products Offered
10.8.5 Skoda Recent Development
10.9 Rotomac Electricals
10.9.1 Rotomac Electricals Corporation Information
10.9.2 Rotomac Electricals Introduction and Business Overview
10.9.3 Rotomac Electricals Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.9.4 Rotomac Electricals Locomotive Traction Motors Products Offered
10.9.5 Rotomac Electricals Recent Development
10.10 Bombardier
10.10.1 Company Basic Information, Manufacturing Base and Competitors
10.10.2 Locomotive Traction Motors Product Category, Application and Specification
10.10.3 Bombardier Locomotive Traction Motors Sales, Revenue, Price and Gross Margin (2016-2021)
10.10.4 Main Business Overview
10.10.5 Bombardier Recent Development
10.11 CLW
10.11.1 CLW Corporation Information
10.11.2 CLW Introduction and Business Overview
10.11.3 CLW Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.11.4 CLW Locomotive Traction Motors Products Offered
10.11.5 CLW Recent Development
10.12 Saini
10.12.1 Saini Corporation Information
10.12.2 Saini Introduction and Business Overview
10.12.3 Saini Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.12.4 Saini Locomotive Traction Motors Products Offered
10.12.5 Saini Recent Development
10.13 VEM Sachsenwerk
10.13.1 VEM Sachsenwerk Corporation Information
10.13.2 VEM Sachsenwerk Introduction and Business Overview
10.13.3 VEM Sachsenwerk Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.13.4 VEM Sachsenwerk Locomotive Traction Motors Products Offered
10.13.5 VEM Sachsenwerk Recent Development
10.14 Progress Rail Services
10.14.1 Progress Rail Services Corporation Information
10.14.2 Progress Rail Services Introduction and Business Overview
10.14.3 Progress Rail Services Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.14.4 Progress Rail Services Locomotive Traction Motors Products Offered
10.14.5 Progress Rail Services Recent Development
10.15 CRRC
10.15.1 CRRC Corporation Information
10.15.2 CRRC Introduction and Business Overview
10.15.3 CRRC Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.15.4 CRRC Locomotive Traction Motors Products Offered
10.15.5 CRRC Recent Development
10.16 XEMC
10.16.1 XEMC Corporation Information
10.16.2 XEMC Introduction and Business Overview
10.16.3 XEMC Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.16.4 XEMC Locomotive Traction Motors Products Offered
10.16.5 XEMC Recent Development
10.17 Zibo Electric Traction
10.17.1 Zibo Electric Traction Corporation Information
10.17.2 Zibo Electric Traction Introduction and Business Overview
10.17.3 Zibo Electric Traction Locomotive Traction Motors Sales, Revenue and Gross Margin (2016-2021)
10.17.4 Zibo Electric Traction Locomotive Traction Motors Products Offered
10.17.5 Zibo Electric Traction Recent Development

11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Locomotive Traction Motors Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Locomotive Traction Motors Industrial Chain Analysis
11.4 Locomotive Traction Motors Market Dynamics
11.4.1 Industry Trends
11.4.2 Market Drivers
11.4.3 Market Challenges
11.4.4 Market Restraints

12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Locomotive Traction Motors Distributors
12.3 Locomotive Traction Motors Downstream Customers

13 Research Findings and Conclusion

14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.1.1 Research Programs/Design
14.1.1.2 Market Size Estimation
14.1.1.3 Market Breakdown and Data Triangulation
14.1.2 Data Source
14.1.2.1 Secondary Sources
14.1.2.2 Primary Sources
14.2 Author Details
14.3 Disclaimer

About Us:

QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

Contact US

QY Research, INC.
17890 Castleton, Suite 218,
Los Angeles, CA – 91748
USA: +1 626 539 9760
China: +86 1082 945 717
Japan: +81 9038 009 273
India: +91 9766 478 224
Emails – enquiry@qyresearch.com
Web – www.qyresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Locomotive Traction Motors Market Share, Worldwide Opportunities, Driving Forces, Future Potential By 2027| ABB, GE, ALSTOM here

News-ID: 2389080 • Views:

More Releases from QY Research

Global and U.S. Colored Crushed Glass Market Report, Published by QY Research.
Global and U.S. Colored Crushed Glass Market Report, Published by QY Research.
Colored Crushed Glass is a processed glass aggregate produced by crushing, cleaning, and grading recycled or virgin glass into decorative or functional granules. It is widely used in construction, landscaping, terrazzo flooring, road marking, abrasives, and artistic applications. The glass is often colorized through mineral pigments or sourced from pre-colored glass waste such as bottles and mirrors. Available in a wide range of particle sizes (from powder to coarse chips),
Global and U.S. Interactive Visual Presenters Market Report, Published by QY Research.
Global and U.S. Interactive Visual Presenters Market Report, Published by QY Res …
Interactive Visual Presenters are advanced digital imaging systems that capture and display real-time visuals of physical documents, 3D objects, and live demonstrations onto screens or projectors. Often referred to as document cameras, they integrate optical zoom, autofocus, touch-screen control, and annotation capabilities, enabling interactive teaching, remote collaboration, and professional presentations. Widely used in education, corporate training, teleconferencing, courtrooms, and healthcare, these systems bridge physical and digital workflows through high-resolution imaging
Global and U.S. Precision Micro Stamping Presses Market Report, Published by QY Research.
Global and U.S. Precision Micro Stamping Presses Market Report, Published by QY …
Precision Micro Stamping Presses are high-accuracy mechanical or servo-driven machines designed to fabricate miniature metal components with micron-level tolerances. These presses perform high-speed stamping, coining, and forming of micro parts used in electronics, medical devices, automotive sensors, and aerospace systems. By combining precision tooling, feedback control, and vibration-free actuation, they enable mass production of complex microstructures in thin metals such as copper, stainless steel, titanium, and nickel alloys. https://www.qyresearch.com/reports/4709777/precision-micro-stamping-presses Core market data: Global
Nebulizer Medicine Cup Market to Reach USD 951 Million by 2031 Top 20 Company Globally
Nebulizer Medicine Cup Market to Reach USD 951 Million by 2031 Top 20 Company Gl …
The nebulizer medicine cup is the small but mission-critical consumable that holds liquid medication for aerosolization in jet, ultrasonic and mesh nebulizer systems; it is manufactured as a regulated single-use or reusable plastic assembly and sits at the intersection of precision medical plastics, assembly/sterilization processes, and pharmaceutical drug-delivery protocols. This sub-segment supports hospitals, long-term care, outpatient clinics, and the growing home-care and pharmaceutical OEM markets by enabling accurate dose delivery,

All 5 Releases


More Releases for Traction

Global Traction Chains Market Growing Popularity & Emerging Trends | Pewag, Rud, …
The global Traction Chains Market size reached 317.64 USD Million in 2024. Looking forward, MarketsGlob expects the market to reach 451.72 USD Million by 2031, exhibiting a growth rate (CAGR) of 4.50% during 2025-2031 The global market research report for Traction Chains presents a thorough examination of the market environment. This includes a detailed evaluation of prominent industry leaders, pricing patterns, as well as the broader factors influencing the market, both
Traction Inverters Market Size, Forecast 2031 by Key Companies- STMicroelectroni …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Traction Inverters Market size was valued at USD 14.8 Billion in 2023 and is projected to reach USD 45.7 Billion by 2031, growing at a CAGR of 17.9% during the forecasted period 2024 to 2031. The Traction Inverters Market is witnessing substantial growth, driven by the rapid expansion of the electric vehicle (EV) industry and the global shift towards sustainable
Railway Traction Inverter Market
Railway traction inverter works on a wide component for transforming an electric energy in a way that it gets converted into power and then eventually in motion. This inverter helps to minimize switching and conduction losses at low and high currents, which allow maximization of rail acceleration and driving range. It is used to convert kinetic energy into electric to charge the battery of the vehicle, which helps to replace
Traction Motor Market Strong Extension In Revenue Continues | Hitachi, American …
Traction motors are AC or DC electric motors that provide power to drive locomotives. Further, these motors offer high durability and deliver robust performance, owing to high power and superior mechanical susceptibility of heavy payloads. . The traction motors require high power to deliver the torque required to move the wheels, resulting in compact designs, efficient power-to-weight rations, and efficient cooling of the traction motors. Request To Download Sample of This
Traction Chains Market Will See Strong Expansion Through 2028: Pewag, Rud, Peerl …
The market report delivers an all-inclusive analysis of the market structure along with a forecast of the various segments and sub-segments of the Traction Chains industry. This wide-ranging market research report acts as a backbone for the success of business in any niche. The Traction Chains market survey report has been prepared by conducting market research in a systematic manner. Moreover, the Traction Chains report includes a professional in-depth study
Railway Traction Motor Market by Type (Direct Current Traction Motors, Alternati …
The global railway traction motor market was valued at $30.3 billion in 2016, and is estimated to reach $41.6 billion by 2025, growing at a CAGR of 3.8% from 2017 to 2025. Railway traction motor is a type of electric motor, which is used in electrically powered rail vehicles. The global railway traction motor market is expected to witness a significant growth in the future, owing to the technological advancements