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Railway Traction Inverter Market Poised for Growth Through 2032: Global Opportunity and Trend Analysis Report
Railway Traction Inverter Market
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OVID-19 scenario analysis:
COVID-19 has rapidly affected the railway industry, thus hampering the growth ofthe railway traction inverter market.
Earlier, this market was expected to register a significant growth in 2021, but due to COVID-19, the market is expected to decline in the near future until the situation becomes stable.
Industries are facing slower production due to lockdown and low demand.This is expected toeventuallyclose down all the processes.
Due to non-operation of railways,many companies havestopped their production, which led to decline in the growth of the railway traction inverter market.
COVID-19 has stopped the expansion of the railway industry, which has declined the growth of the railway traction inverter market.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Top impacting factors for the growth of the railway traction inverter market are increase in demand for metros &high-speed trains and development of infrastructure.Moreover, high cost and lack of medical reimbursement hamper the growth of themarket. Furthermore, rapid increase in population and infrastructure for growth ofrailway networksprovide lucrative opportunitiesfor the railway traction inverter market.
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Increase in demand for metros & high-speed trains
With increase in demand formobility solutions, there is rise in demand for metros and high-speed trains.Therefore,governmentsare planning to expand railway networks.Furthermore, increase ingovernment expenditure on railways drives the railway traction inverter market.
Development of infrastructure
Continuous developments in railway infrastructure and better mobility solutions for travelers to reach their destinations safely & on time haveinitiated governments todevelop thetraction inverter market.This is estimated to allow maximization of rail acceleration &driving range and promote the growth of the railway traction inverter market.
By Type
Less than 1 MW
Equal to 1 MW
By Application
Original Equipment Manufacturer
Aftermarket
More than 1 MW
Key Market Players
Voith GmbH & Co KGaA,
Hitachi Ltd.,
Toshiba Corporation,
American Traction Systems,
Simatex AG,
Medcom,
Alstom,
Mitsubishi Electric Corporation,
Albiero Medha Power srl
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Questions answered in therailway traction inverter marketresearch report:
Which are the leading market players active in the market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What are the projections for the future that would help in taking further strategic steps?
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