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The railway traction motor market in north america is forecasted to grow by USD 748.1 million during 2023-2028, accelerating at a CAGR of 5.3% during the forecast period. The report on the railway traction motor market in north america provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by procurement of new locomotives, government initiatives to improve infrastructure, and need for inexpensive modes of transportation.
The railway traction motor market in north america is segmented as below:
By Type
- DC motors
- AC motors
- Synchronous motors
By Application
- Electric trains
- Hybrid trains
By Geographical Landscape
- North America
The report on the railway traction motor market in north america covers the following areas:
- Railway Traction Motor Market in North America sizing
- Railway Traction Motor Market in North America forecast
- Railway Traction Motor Market in North America industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the railway traction motor market in north america: ABB Ltd., ALSTOM SA, American Traction Systems, HaslerRail AG, Hitachi Ltd., HYUNDAI Corp., Mitsubishi Electric Corp., Sherwood Electromotion Inc., Siemens AG, SKODA TRANSPORTATION AS, Sulzer Ltd., Toshiba Corp., and VEM GmbH.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is introduction of permanent magnet synchronous motors."
According to the report, one of the major drivers for this market is the procurement of new locomotives.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- ALSTOM SA
- American Traction Systems
- HaslerRail AG
- Hitachi Ltd.
- HYUNDAI Corp.
- Mitsubishi Electric Corp.
- Sherwood Electromotion Inc.
- Siemens AG
- SKODA TRANSPORTATION AS
- Sulzer Ltd.
- Toshiba Corp.
- VEM GmbH
