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The railway traction motor market is forecasted to grow by USD 2.18 billion during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the railway traction motor market 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 railway infrastructure development in asian countries, increased demand for rail logistics due to rising trade activities, and introduction of new railway projects.
The railway traction motor market is segmented as below:
By Type
- DC motors
- AC motors
- Synchronous motors
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the railway traction motor market covers the following areas:
- Railway traction motor market sizing
- Railway traction motor market forecast
- Railway traction motor market 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 research - both primary and secondary. 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 the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global railway traction motor market: ABB, ALSTOM SA, American Traction Systems, Bharat Heavy Electricals Ltd., Electric Motor Services Inc., HaslerRail AG, Hyundai Heavy Industries Group, Kirloskar Electric Co. Ltd., Medha Servo Drives Pvt. Ltd., Mitsubishi Electric Corp., PowerRail, Rotomac Electricals Pvt. Ltd., Saini Group, Sherwood Electromotion Inc., Siemens AG, Sulzer Ltd., Toshiba Corp., Traktionssysteme Austria GmbH, VEM Group, and WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of battery-electric locomotives."
According to the report, one of the major drivers for this market is the railway infrastructure development in asian countries.
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
- ALSTOM SA
- American Traction Systems
- Bharat Heavy Electricals Ltd.
- Electric Motor Services Inc.
- HaslerRail AG
- Hyundai Heavy Industries Group
- Kirloskar Electric Co. Ltd.
- Medha Servo Drives Pvt. Ltd.
- Mitsubishi Electric Corp.
- PowerRail
- Rotomac Electricals Pvt. Ltd.
- Saini Group
- Sherwood Electromotion Inc.
- Siemens AG
- Sulzer Ltd.
- Toshiba Corp.
- Traktionssysteme Austria GmbH
- VEM Group
- WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP.
