Press release
Traction Equipment Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031
Traction Equipment Market
Get Free Sample link @ https://www.omrglobal.com/request-sample/traction-equipment-market
Moreover, the market is also growing due to rising investments in the expansion of railway networks across both developing and developed economies. Additionally, the growth of the market can also be attributed to the key players present in the market. For instance, in July 2019, ABB has won orders of more than $140 million from Swiss train manufacturer Stadler. The order was intended to supply state-of-the-art traction equipment for trains and locomotives in the US and several European countries. Additionally, in February 2020, ABB India announced that it has received two significant orders worth $2.49 million. The order was to supply traction equipment for Chittaranjan Locomotive Works, and industrial drives to Megha Engineering and Infrastructures.
Some major players in the market include ABB Ltd., Alstom SA, and Caterpillar Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2019, Mitsubishi Electric Corp. announced that it has secured a contract from the Spanish train builder Construcciones y Auxiliar de Ferrocarriles (CAF). The contract was for the supply of high-tech traction equipment for 88 Sprinter New Generation (SNG) electric multiple unit trains.
Full report of Traction Equipment Market available @ https://www.omrglobal.com/industry-reports/traction-equipment-market
Market Coverage
Segment Covered-
By Type
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- ABB Ltd., Alstom SA, and Caterpillar Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global Traction Equipment Market Report by Segment
By Type
Traction Transformer
Traction Motor
Traction Converter
Others
Reasons to Buying From us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/traction-equipment-market
Media Contact:
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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 Traction Equipment Market Future Outlook, COVID-19 Impact Analysis, Forecast - 2031 here
News-ID: 3787814 • Views: …
More Releases from Orion Market Research
Growing Geriatric Population is Propelling the Long Term Care Market
The long-term care market is projected to grow at a CAGR of 7.2% during the forecast period (2024-2031). The market growth is driven by the growing older population in developed countries coupled with the increasing shortage of physicians and caregivers in these regions. The increasing technological advancements, and changes in public policy, behavior, and economics, are additionally contributing to the market growth during the forecast period. The long-term care market…
Increasing Fitness Awareness is Bolstering the Asia-Pacific Smart Home Gym Equip …
Asia-Pacific smart home gym equipment market is anticipated to grow at a CAGR of 12.3% during the forecast period (2024-2031). The market growth is driven by the increasing incidences of chronic, and lifestyle-induced diseases such as obesity, CVD, and diabetes. Additionally, the increasing awareness of people to remain fit is contributing to market growth during the forecast period. The increasing affinity of young and adult people to attain toned bodies…
Increasing Incidence of Anemia is driving the Folic Acid Market
The global folic acid market is estimated to grow at a CAGR of nearly 4.5% during the forecast period (2024-2031). The market growth is driven by the significant prevalence of anemia and emerging applications in pharmaceuticals and dietary supplements. Additionally, the emerging focus on folic acid in cosmetics is presenting considerable opportunities for market growth during the forecast period. The global folic acid market is segmented by form (tablets, capsules,…
Current Dynamics of the Blockchain Identity Management Market
The blockchain identity management market is anticipated to grow at a CAGR of 71% during the forecast period (2024-2031). The market growth is driven by the rise in the need to establish transaction transparency between parties. Moreover, blockchain assures the safety and authenticity of the user's data along with its cryptographic security, which is contributing to market growth during the forecast period. Furthermore, the rise in e-commerce is propelling…
More Releases for Traction
SPINALTRAX LUMBER TRACTION REVIEWS 2022( USA AND CANADA UPDATE): DOES THIS TRACT …
Most individuals will have lower back pain at some time in their life since it is so widespread. In fact, lower back pain is the most frequent cause of employment-related impairment and one of the main causes of missed work in the US, according to the National Institute of Neurological Disorders and Stroke (NINDS).
One of the most frequent causes of missed work days is lower back discomfort, which is highly…
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…
Automotive Traction Motor Market: Post COVID Growth Opportunity Analysis, ABB, A …
According to the report, the global Automotive Traction Motor market is expected to grow from $3.26 Billion in 2020, which is expected to reach $32.28 Billion by 2028, growing at the CAGR of 33.04% from 2020 to 2028. This growth is attributed to a rise in demand for high-performance motors, favorable government policies, and subsidies. The automotive Traction Motor Market is gaining momentum owing to the rising demand for advanced…
Traction Locomotive Market Analysis Report By Key Players- General Electric, Bru …
UpMarketResearch offers a latest published report on “Global Traction Locomotive Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 152 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Get Free Sample Report@ https://www.upmarketresearch.com/home/requested_sample/3136
The report begins with the overview of the Traction Locomotive market and…
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…
Railway Traction Motors Market - Railway Traction Motors Most Widely Used in Die …
The railway traction motors market in North America is consolidated to a certain degree, with the five leading players collectively accounting for a share of over 55% in 2015. These players are ABB Ltd., Bombardier Inc., Mitsubishi Electric Corporation, Alstom S.A., and Siemens A.G. Transparency Market Research states that considering the current trends in the railway traction motors market in North America, the market shares of some of the key…
