Global Railway Traction Motor Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Type;
DC Motors, AC Motors and Synchronous Motors.By Application;
Diesel Locomotive, Electric Multiple Units, Electric Locomotives and Diesel-Electric Locomotives.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Railway Traction Motor Market (USD Million), 2020 - 2030
In the year 2023, the Global Railway Traction Motor Market was valued at USD 35,775.36 million. The size of this market is expected to increase to USD 48,360.14 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.4%.
The Global Railway Traction Motor Market stands at the forefront of modern rail transportation, powering locomotives and rolling stock with efficiency, reliability, and performance. Traction motors are the driving force behind electric and hybrid trains, converting electrical energy into mechanical power to propel trains along tracks. As the world increasingly embraces electrified rail systems to reduce emissions, improve energy efficiency, and enhance transportation sustainability, the demand for advanced traction motors is experiencing a significant surge, driving innovation and growth in the railway industry.
One of the primary drivers behind the growth of the Global Railway Traction Motor Market is the electrification of railway networks worldwide. Governments and railway operators are investing in electrification projects to modernize existing rail infrastructure and expand electrified rail networks, replacing diesel-powered trains with electric and hybrid alternatives. Electrification initiatives aim to enhance operational efficiency, reduce environmental impact, and meet stringent emissions regulations, creating a substantial market demand for traction motors capable of powering electric and hybrid trains across diverse applications.
The shift towards high-speed rail and urban metro systems further accelerates the demand for advanced traction motors optimized for performance, reliability, and energy efficiency. High-speed trains and urban transit systems require traction motors capable of delivering high torque and power output while minimizing energy consumption and maximizing regenerative braking capabilities. As countries invest in high-speed rail corridors and metro expansions, the demand for cutting-edge traction motors equipped with state-of-the-art technologies such as permanent magnet motors and asynchronous motors is on the rise.
Technological advancements in traction motor design, materials, and manufacturing processes are driving innovation and competitiveness within the Global Railway Traction Motor Market. Manufacturers are developing lightweight, compact, and energy-efficient traction motors using advanced materials such as rare-earth magnets, high-strength alloys, and lightweight composites. These motors offer superior power-to-weight ratios, improved thermal management, and reduced maintenance requirements, enabling railway operators to enhance train performance, reliability, and lifecycle costs.
The Global Railway Traction Motor Market is characterized by a diverse landscape of suppliers, ranging from multinational corporations to specialized manufacturers and technology startups. These companies compete on factors such as product quality, reliability, innovation, and cost-effectiveness, catering to the diverse needs of railway operators and rolling stock manufacturers worldwide. As the demand for electrified rail systems continues to grow, traction motor manufacturers are well-positioned to capitalize on opportunities arising from infrastructure investments, technological advancements, and the global shift towards sustainable transportation solutions.
In summary, the Global Railway Traction Motor Market plays a vital role in driving the electrification and modernization of rail transportation systems worldwide. By providing efficient, reliable, and high-performance traction motors, manufacturers contribute to the advancement of greener, smarter, and more connected rail networks that meet the evolving needs of passengers, freight operators, and society as a whole.
Global Railway Traction Motor Market Report Snapshot
Parameters | Description |
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Market | Global Railway Traction Motor Market |
Study Period | 2020 - 2030 |
Base Year (for Railway Traction Motor Market Size Estimates) | 2023 |
Drivers |
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Restraints |
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Opportunities |
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Segment Analysis
The Global Railway Traction Motor Market encompasses various segments that are crucial for the efficient propulsion of trains across railway networks worldwide.
One significant segment within this market is the High-Speed Rail segment. High-speed trains demand specialized traction motors capable of delivering high power output, efficiency, and reliability to support the stringent performance requirements of high-speed operations. These traction motors must be designed to withstand the high rotational speeds and dynamic loads encountered at high speeds while ensuring precise control of traction and braking forces. With the increasing adoption of high-speed rail as a sustainable mode of transportation, the high-speed rail segment is witnessing growing demand for advanced traction motor solutions tailored to the unique needs of high-speed train operations, including energy efficiency, power density, and onboard comfort.
Another significant segment is the Metro segment. Metro systems, including subways, urban railways, and light rail transit (LRT) networks, require traction motors optimized for compactness, reliability, and energy efficiency. These traction motors must be lightweight and space-efficient to fit within the limited space available onboard metro vehicles while delivering smooth and reliable performance under frequent stop-and-go operations. Additionally, metro traction motors often incorporate features such as high torque at low speeds, regenerative braking, and low-noise operation to ensure passenger comfort and safety. With rapid urbanization and increasing demand for sustainable urban mobility solutions, the metro segment is experiencing strong demand for traction motor technologies capable of supporting the expansion and modernization of metro systems worldwide.
The Mainline Rail segment constitutes an essential aspect of the Global Railway Traction Motor Market. Mainline rail systems, including intercity and regional passenger services, as well as freight transportation, require traction motors optimized for long-distance travel, heavy loads, and diverse operating conditions. These traction motors must be rugged, reliable, and scalable to meet the performance requirements of mainline rail applications while minimizing maintenance requirements and lifecycle costs. Additionally, mainline traction motors often incorporate features such as high torque output, thermal management systems, and predictive maintenance capabilities to ensure reliable performance and minimize downtime. With the increasing demand for intermodal transportation, logistics optimization, and sustainable freight solutions, the mainline rail segment is witnessing growing demand for traction motor solutions capable of supporting the evolving needs of mainline rail operators and freight carriers worldwide.
The Freight segment plays a crucial role in the Global Railway Traction Motor Market. Freight trains, responsible for transporting goods and commodities over long distances, require traction motors optimized for heavy loads, high torque output, and energy efficiency. These traction motors must be capable of delivering reliable performance under varying load conditions while minimizing energy consumption and wear on traction components. Additionally, freight traction motors often incorporate features such as adaptive control, dynamic load balancing, and fault-tolerant design to ensure robust operation and maximize uptime. With the increasing demand for intermodal transportation, logistics optimization, and sustainable freight solutions, the freight segment is experiencing growing demand for traction motor technologies capable of meeting the rigorous demands of freight transportation and supporting the efficient movement of goods and commodities across rail networks worldwide.
In summary, the Global Railway Traction Motor Market comprises diverse segments catering to the varied needs and requirements of traction systems across different railway applications and operating environments. As rail operators and manufacturers continue to invest in electrification, modernization, and expansion of railway networks to meet the demands of urbanization, economic growth, and sustainability, stakeholders in the traction motor market must innovate and collaborate to deliver high-performance traction solutions tailored to the specific needs of each market segment and geographic region. By leveraging advanced technologies, optimizing system integration, and addressing customer requirements, traction motor manufacturers can capitalize on emerging opportunities and contribute to the advancement of rail transportation as a sustainable and efficient mode of mobility for passengers and freight alike.
Global Railway Traction Motor Segment Analysis
In this report, the Global Railway Traction Motor Market has been segmented by Type, Application and Geography.
Global Railway Traction Motor Market, Segmentation by Type
The Global Railway Traction Motor Market has been segmented by Type into DC Motors, AC Motors and Synchronous Motors.
The Global Railway Traction Motor Market has been strategically segmented by type, distinguishing between DC Motors, AC Motors, and Synchronous Motors. Each type of traction motor offers distinct advantages and is suited to different applications within the rail industry. DC motors, known for their simplicity and reliability, have traditionally been used in railway propulsion systems. They offer excellent torque characteristics, making them well-suited for heavy-duty applications such as locomotives and freight trains.
In contrast, AC motors have gained prominence in recent years due to their higher efficiency, better controllability, and reduced maintenance requirements. AC traction motors offer smoother acceleration and braking, making them ideal for passenger trains and high-speed rail applications where comfort and energy efficiency are paramount. Their ability to operate at variable speeds enhances overall system performance and allows for regenerative braking, further improving energy efficiency and reducing environmental impact.
Synchronous motors represent another segment within the railway traction motor market, offering advantages such as high power density, precise speed control, and excellent efficiency. These motors are often used in specialized applications, such as metro systems, where space constraints and performance requirements demand compact and high-performance propulsion systems. Synchronous motors are capable of synchronous operation with the supply frequency, making them well-suited for applications requiring precise speed synchronization and control.
By segmenting the market into DC Motors, AC Motors, and Synchronous Motors, stakeholders gain insights into the diverse needs and preferences of railway operators worldwide. Each motor type offers unique features and benefits, allowing manufacturers to tailor their offerings to specific application requirements and market demands. Understanding these segmentation factors enables companies to develop differentiated product portfolios, address evolving customer needs, and capitalize on emerging opportunities in the global railway traction motor market.
Global Railway Traction Motor Market, Segmentation by Application
The Global Railway Traction Motor Market has been segmented by Application into Diesel Locomotive, Electric Multiple Units, Electric Locomotives and Diesel-Electric Locomotives.
The segmentation of the Global Railway Traction Motor Market by application into diesel locomotive, electric multiple units (EMUs), electric locomotives, and diesel-electric locomotives reflects the diverse range of propulsion systems used in railway transportation worldwide.
One significant segment within this market is the Electric Multiple Units (EMUs) segment. EMUs are electrically powered trains consisting of multiple carriages or cars, commonly used for commuter and regional rail services. Traction motors for EMUs must be optimized for high acceleration, frequent stops, and energy efficiency to support the demanding operating conditions of urban and suburban rail networks. These traction motors are typically integrated into each carriage or bogie, providing distributed propulsion and enabling smooth and efficient train operation. With the increasing emphasis on urban mobility, congestion reduction, and environmental sustainability, the EMUs segment is witnessing growing demand for traction motor solutions capable of meeting the performance, reliability, and energy efficiency requirements of modern commuter rail systems worldwide.
Another significant segment is the Electric Locomotives segment. Electric locomotives are powered by overhead catenary wires or third rail systems and are commonly used for long-distance passenger and freight services on electrified rail networks. Traction motors for electric locomotives must be designed to deliver high torque and power output to haul heavy freight trains or passenger services over varying terrain and operating conditions. These traction motors are typically mounted on the locomotive's bogies or axle assemblies, driving the wheels directly and providing efficient propulsion. With the increasing electrification of rail networks and the transition towards cleaner and more sustainable transportation solutions, the electric locomotives segment is experiencing strong demand for traction motor technologies capable of supporting the efficient operation of electric locomotives and improving overall system performance and reliability.
The Diesel Locomotive segment constitutes an essential aspect of the Global Railway Traction Motor Market. Diesel locomotives are powered by onboard diesel engines and are commonly used for freight transportation, particularly in regions with limited electrified rail infrastructure or remote and non-electrified rail lines. Traction motors for diesel locomotives must be rugged, reliable, and fuel-efficient to support heavy-duty freight hauling and long-distance travel over diverse terrains and operating conditions. These traction motors are typically coupled to the locomotive's diesel engine via mechanical transmissions or hydraulic systems, providing torque and power to the locomotive's wheels. With the increasing demand for flexible and versatile rail transportation solutions, particularly in regions with mixed traffic or challenging operating environments, the diesel locomotives segment is witnessing growing demand for traction motor technologies capable of meeting the performance, durability, and emissions requirements of modern diesel locomotives worldwide.
The Diesel-Electric Locomotives segment plays a crucial role in the Global Railway Traction Motor Market. Diesel-electric locomotives combine diesel engines with electric traction systems to provide efficient and flexible propulsion for freight and passenger rail services. Traction motors for diesel-electric locomotives must be adaptable to varying power sources, including onboard diesel generators, battery systems, or hybrid powertrains, while delivering high torque and efficiency to support heavy-duty operations. These traction motors are typically integrated into the locomotive's drivetrain, providing dynamic control and optimization of power output based on operating conditions and load requirements. With the increasing focus on emissions reduction, fuel efficiency, and operational flexibility in rail transportation, the diesel-electric locomotives segment is experiencing growing demand for traction motor technologies capable of supporting the transition towards cleaner and more sustainable rail solutions while ensuring reliable and cost-effective operation in diverse operating environments.
In summary, the segmentation of the Global Railway Traction Motor Market by application into diesel locomotive, electric multiple units (EMUs), electric locomotives, and diesel-electric locomotives reflects the diverse range of propulsion systems used in railway transportation worldwide. As rail operators and manufacturers continue to invest in electrification, modernization, and expansion of railway networks to meet the demands of urbanization, economic growth, and sustainability, stakeholders in the traction motor market must innovate and collaborate to deliver high-performance traction solutions tailored to the specific needs of each market segment and geographic region. By leveraging advanced technologies, optimizing system integration, and addressing customer requirements, traction motor manufacturers can capitalize on emerging opportunities and contribute to the advancement of rail transportation as a sustainable and efficient mode of mobility for passengers and freight alike.
Global Railway Traction Motor Market, Segmentation by Geography
In this report, the Global Railway Traction Motor Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Railway Traction Motor Market Share (%), by Geographical Region, 2023
In the Global Railway Traction Motor Market, segmentation by geography is crucial for understanding regional preferences, infrastructure requirements, and market dynamics that influence the demand for traction motors. Geographical segmentation enables stakeholders to tailor their products, services, and strategies to meet the specific needs and preferences of different regions, optimizing market penetration and maximizing opportunities for growth.
One significant aspect of geographical segmentation in the railway traction motor market is the distinction between developed and emerging economies. In developed regions such as North America, Europe, and parts of Asia-Pacific, there is a higher concentration of mature railway networks with established electrification systems and rolling stock fleets. These regions often prioritize traction motors with advanced features such as high efficiency, reliability, and performance to support the operation of electric trains on existing infrastructure.
In emerging economies across Latin America, Africa, and parts of Asia-Pacific, there is a growing focus on railway electrification and modernization to support economic development, urbanization, and trade. As these regions invest in new rail projects, high-speed rail corridors, and intermodal transportation networks, there is a significant demand for traction motors that are durable, cost-effective, and adaptable to varying operating conditions and climate challenges.
Geographical segmentation considers factors such as climate, terrain, and operating conditions, which influence the selection and performance of traction motors. For example, regions with extreme weather conditions or challenging topography may require traction motors designed for enhanced durability, temperature tolerance, and traction performance. By understanding the unique requirements of different geographical regions, suppliers can develop customized traction motor solutions and provide localized support to customers, thereby enhancing market competitiveness and customer satisfaction.
Geographical segmentation enables stakeholders to navigate regulatory frameworks, standards, and certification requirements that vary from one region to another. Regulatory compliance is crucial for ensuring the safety, quality, and reliability of traction motors, as well as for facilitating interoperability and cross-border transportation. By staying abreast of regulatory developments and industry trends in each market, suppliers can maintain compliance, mitigate risks, and capitalize on emerging opportunities in the global railway traction motor market.
Overall, geographical segmentation is essential for stakeholders in the Global Railway Traction Motor Market to identify market trends, customer preferences, and competitive dynamics across diverse regional markets. By leveraging insights from geographical segmentation, companies can develop targeted marketing strategies, optimize resource allocation, and strengthen partnerships with customers and distributors worldwide, driving growth and market expansion in the railway traction motor industry.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Railway Traction Motor Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Passenger Comfort
- Regulatory Compliance
- Environmental Sustainability
-
High-Speed Rail Expansion -High-speed rail systems demand specialized traction motors capable of delivering high power output, efficiency, and reliability to support the stringent performance requirements of high-speed operations. These traction motors must be designed to withstand the high rotational speeds and dynamic loads encountered at high speeds while ensuring precise control of traction and braking forces. With the increasing adoption of high-speed rail as a sustainable mode of transportation, driven by factors such as urbanization, population growth, and the need for efficient intercity travel, the expansion of high-speed rail networks presents significant opportunities for traction motor manufacturers. The growing demand for high-performance traction motors to power high-speed trains offers a lucrative market for innovative technologies and solutions tailored to the specific needs of high-speed rail applications, including energy efficiency, power density, and onboard comfort.
The expansion of high-speed rail also poses challenges for traction motor manufacturers, particularly in terms of meeting the stringent performance and reliability requirements of high-speed operations. High-speed trains operate at velocities exceeding conventional rail services, placing greater stress on traction motors and associated components. Traction motors for high-speed rail applications must be robust, durable, and capable of withstanding the extreme operating conditions encountered at high speeds while ensuring smooth and reliable propulsion. Additionally, high-speed rail projects often involve long lead times, complex procurement processes, and stringent regulatory requirements, which can pose challenges for traction motor manufacturers in terms of project planning, execution, and compliance. Moreover, the competitive landscape of the high-speed rail market, characterized by established players and stringent technical specifications, requires traction motor manufacturers to demonstrate technological expertise, reliability, and performance to secure contracts and maintain market share.
The expansion of high-speed rail networks presents logistical and operational challenges for traction motor manufacturers, particularly in terms of supply chain management, production capacity, and aftermarket support. High-speed rail projects typically involve large-scale deployments of traction motors across multiple trainsets and operating environments, requiring efficient production processes, inventory management, and logistics coordination to meet project timelines and delivery schedules. Additionally, the long service life and stringent maintenance requirements of high-speed rail systems necessitate robust aftermarket support and service capabilities to ensure the reliability, availability, and performance of traction motors throughout their lifecycle. Traction motor manufacturers must invest in infrastructure, resources, and capabilities to support high-speed rail projects effectively and provide responsive customer support and maintenance services to rail operators and rolling stock manufacturers.
In summary, the expansion of high-speed rail presents both opportunities and challenges for the Global Railway Traction Motor Market. While the growing demand for high-performance traction motors to power high-speed trains offers significant growth potential for manufacturers, the stringent performance requirements, competitive landscape, and logistical complexities associated with high-speed rail projects pose challenges that must be addressed to capitalize on emerging opportunities effectively. By leveraging technological innovation, operational excellence, and strategic partnerships, traction motor manufacturers can navigate the complexities of the high-speed rail market and position themselves for success in an increasingly competitive and dynamic rail transportation landscape.
Restraints:
- Space Limitations
- Weight Restrictions
- Cost Considerations
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Retrofitting Challenges -In the Global Railway Traction Motor Market, retrofitting poses significant challenges due to the complexities involved in integrating new traction motor systems into existing rolling stock and infrastructure. Retrofitting refers to the process of upgrading or replacing outdated traction motors with modern, more efficient, or environmentally friendly alternatives. While retrofitting offers benefits such as improved performance, energy savings, and reduced emissions, it also presents technical, logistical, and cost-related challenges for railway operators and rolling stock manufacturers.
One major challenge in retrofitting traction motors is compatibility with existing infrastructure and control systems. Railway networks often consist of diverse fleets of rolling stock with varying configurations, ages, and technical specifications. Retrofitting new traction motors requires careful consideration of factors such as motor size, mounting arrangements, electrical interfaces, and communication protocols to ensure seamless integration with existing platforms and systems. Compatibility issues can arise when retrofitting older trains or mixed fleets, requiring customized solutions and additional engineering efforts to overcome technical barriers.
Retrofitting traction motors entails significant costs, which may pose financial challenges for railway operators and asset owners. Retrofit projects involve expenses related to motor procurement, installation, testing, and commissioning, as well as potential downtime and service disruptions during implementation. Cost considerations may vary depending on factors such as the complexity of the retrofit, the scale of the fleet, and the availability of funding or incentives for electrification and modernization projects. Balancing the upfront investment with long-term benefits and return on investment (ROI) is crucial for assessing the feasibility and viability of retrofitting initiatives.
Retrofitting traction motors requires careful planning and coordination to minimize operational impacts and ensure regulatory compliance. Retrofit projects may involve modifications to mechanical, electrical, and control systems, as well as compliance with safety standards, emissions regulations, and interoperability requirements. Coordinating retrofit activities with scheduled maintenance intervals or planned service disruptions can help mitigate operational risks and optimize project timelines, but it requires effective communication, collaboration, and stakeholder engagement among railway operators, manufacturers, regulators, and other stakeholders.
Overall, retrofitting traction motors in the Global Railway Traction Motor Market presents multifaceted challenges that require careful consideration of technical, logistical, financial, and regulatory factors. While retrofitting offers opportunities to enhance performance, efficiency, and sustainability in rail transportation, addressing challenges related to compatibility, cost, and implementation complexity is essential for successful project execution. By leveraging innovative technologies, best practices, and collaborative approaches, stakeholders can overcome retrofitting challenges and unlock the potential for modernization and electrification in the railway industry.
Opportunities:
- Retrofitting solutions
- Environmental sustainability
- Market regulations
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Intermodal connectivity -The Global Railway Traction Motor Market is intricately linked to the concept of intermodal connectivity, which emphasizes seamless transportation integration across different modes such as rail, road, air, and sea. As the world becomes increasingly interconnected, efficient transportation systems play a vital role in facilitating the movement of goods and people across various regions. Railways, with their ability to transport large volumes of freight and passengers over long distances, serve as a backbone for intermodal connectivity initiatives.
Railway traction motors play a crucial role in enhancing the efficiency and performance of railway propulsion systems, thereby contributing to the seamless operation of intermodal transportation networks. These motors convert electrical energy into mechanical power, propelling trains forward and enabling them to traverse diverse terrain and weather conditions. By powering locomotives and rolling stock, traction motors enable the movement of goods from manufacturing centers to distribution hubs and ultimately to consumers, fostering global trade and economic growth.
The adoption of advanced traction motor technologies, such as AC and synchronous motors, enhances the energy efficiency and environmental sustainability of rail transport systems. By reducing energy consumption and emissions, these motors contribute to the development of greener transportation solutions that align with global sustainability goals. Additionally, innovations in traction motor design and manufacturing enable railway operators to improve reliability, reduce maintenance costs, and enhance overall system performance, further facilitating the seamless integration of rail transport within intermodal networks.
The Global Railway Traction Motor Market plays a pivotal role in promoting intermodal connectivity by providing efficient, reliable, and environmentally sustainable propulsion solutions for rail transport systems. As governments and industry stakeholders continue to prioritize multimodal transportation initiatives, the demand for advanced traction motors is expected to grow, driving innovation and investment in the global rail industry. By embracing intermodal connectivity and leveraging cutting-edge traction motor technologies, railway operators can optimize their operations and contribute to the development of interconnected transportation networks that benefit society as a whole.
Competitive Landscape Analysis
Key players in Global Railway Traction Motor Market include.
- ABB Group
- ALSTOM
- BHEL
- Bombardier
- Hyundai Rotem Company
- Mitsubishi Electric Corporation
- Saini Group
- Siemens
- Sulzer Ltd.
- VEM Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Railway Traction Motor Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
-
Passenger Comfort
-
Regulatory Compliance
-
Environmental Sustainability
-
High-Speed Rail Expansion
-
- Restraints
-
Space Limitations
-
Weight Restrictions
-
Cost Considerations
-
Retrofitting Challenges
-
- Opportunities
-
Retrofitting solutions
-
Environmental sustainability
-
Market regulations
-
Intermodal connectivity
-
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Railway Traction Motor Market, By Type, 2020 - 2030 (USD Million)
- DC Motors
- AC Motors
- Synchronous Motors
- Global Railway Traction Motor Market, By Application, 2020 - 2030 (USD Million)
- Diesel Locomotive
- Electric Multiple Units
- Electric Locomotives
- Diesel-Electric Locomotives
- Global Railway Traction Motor Market, By Geography, 2020 - 2030 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Railway Traction Motor Market, By Type, 2020 - 2030 (USD Million)
- Competitive Landscape
- Company Profiles
- ABB Group
- ALSTOM
- BHEL
- Bombardier
- Hyundai Rotem Company
- Mitsubishi Electric Corporation
- Saini Group
- Siemens
- Sulzer Ltd.
- VEM Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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