The railway traction motors market is expected to grow at a CAGR of 4.4% from 2022 to 2032, from a market value of US$ 11 billion in 2022 to US$ 17 billion by that year.
In its most recent business intelligence report, Fact.MR, the market for railway traction motors is broken down into its component parts. The study provides in-depth details on the market growth drivers, inhibitors, opportunities, and trends.
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Market Titans
- Mitsubishi Electric Corporation
- ABB Ltd
- ALSTOM Holdings SA
- Caterpillar Inc.
- Bharat Heavy Electricals Limited
- Bombardier Inc
- Saini Group
- Siemens AG
- Sulzer Ltd
- Traktionssysteme Austria GmbH
- Toshiba International Corporation
Key findings of the Railway Traction Motors market study:
- Regional breakdown of the Railway Traction Motors market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Railway Traction Motors vendors in detail.
- Region-wise and country-wise fragmentation of the Railway Traction Motors market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Railway Traction Motors market.
Competitive Strategies
In recent years, the global railway traction motors market has witnessed numerous notable developments. Furthermore, key market players are expanding their market presence through a variety of growth methods such as strategic investments, new product launches, mergers and acquisitions, and alliances.
- Mahle released a new electric traction motor in July 2022 that can be utilized in the railway sector.
- ABB stated in April 2022 that they are building a traction motor manufacturing unit for rail and metro in India. The unit will be able to generate 1,500 traction motors per year.
- Parker-Hannifin released a new high-power, GVM310 permanent magnet AC motor with a 310 mm frame in December 2021.
- Mercedes-Benz acquired YASA Motors Ltd., a forerunner in next-generation electric powertrain technologies, in July 2021. According to the terms of the acquisition, YASA will operate its own Mercedes-Benz subsidiary, which will produce high-performance electric motors.
Industry Research
- By Type:
- DC Motors
- AC Motors
- Synchronous AC Motors
- By Application:
- Diesel Locomotives
- Diesel-Electric Locomotives
- Electric Locomotives
- Electric Multiple Units (EMUs)
- By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
Queries addressed in the Railway Traction Motors market report:
- Why are the Railway Traction Motors market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Railway Traction Motors market?
- Which regions are displaying the fastest growth in the Railway Traction Motors market?
- What are the underlying micro- macroeconomic factors affecting the global Railway Traction Motors market?
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