Global Railway Traction Motor Market 2020-2024

Global Railway Traction Motor Market 2020-2024

  • July 2020 •
  • 120 pages •
  • Report ID: 5731024 •
  • Format: PDF
Global Railway Traction Motor Market 2020-2024
The analyst has been monitoring the railway traction motor market and it is poised to grow by $ 1.66 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on 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.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the railway infrastructure development in Asian countries and introduction of new railway projects. In addition, railway infrastructure development in Asian countries is anticipated to boost the growth of the market as well.
The railway traction motor market analysis includes type segment and geographical landscapes

The railway traction motor market is segmented as below:
By Type
DC motors
AC motors
Synchronous motors
By Geographic Landscapes
APAC
North America
Europe
MEA
South America

This study identifies the increased demand for rail logistics due to rising trade activities as one of the prime reasons driving the railway traction motor market growth during the next few years.
The analyst 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. Our railway traction motor market covers the following areas:
Railway traction motor market sizing
Railway traction motor market forecast
Railway traction motor market industry analysis