Summary
Railway traction system can be simply defined as a driving force that causes propulsion of the railway. It consists of all the components that collect the power from its source, condition and convert this power, and use it to propel the locomotive and coaches.
Market Insights
OMR Market Research has lately published a report titled “Global Railway Traction System Market Report, History and Forecast 2016-2028, Breakdown Data by Manufacturers, Key Regions, Types and Application”, with the help of industry-leading research methods, along with observing subtle details and understanding the overall dynamics.
The insights included in this report have been prepared in view of varied aspects that affect the growth. The report elucidates key drivers, trends, prospects, restraining factors, and challenges that players may across in the coming years. With the assistance of this research, players can recognize and capitalize on profitable opportunities. They can further utilize it to make the required advancements in their operations to acquire a competitive advantage over other participants.
The global Railway Traction System market size is projected to reach US$ 38 billion by 2028, from US$ 26.5 billion in 2020, at a CAGR of 5% during 2022-2028.
Segment Scope
An intensive study of key type and application segments has been done in this segmentation section. The authors of the report have provided reliable figures including sales and revenue forecast data by type and application for the period 2016-2028. They have also studied how the segments are gaining or losing growth in various geographies and their respective countries. Thanks to this study, readers can thoroughly grasp the growth pattern and potential of different segments.
Segment by Type
Electric Traction Systems
AC Electrification System
DC Electrification System
Composite System
Diesel
Others (Steam, CNG, Battery, etc.)
Segment by Application
High-speed railways
Metro Subway
Trams
Suburban
Monorail
Freight
Regional Scope
This segment of the report offers a thorough regional study of the global Railway Traction System market. Drivers and restraints for each region are broadly examined in the report. Readers will get familiar with the driving forces and challenges that are specific to the regions. The specialists have identified growth opportunities in key geographical regions and their respective countries to aid players to reinforce their presence. All the regions and their countries in the report are assessed based on the growth rate, revenue, and sales volume according to the consumption for the period 2016-2028. This geographical analysis will help readers to gain in-depth knowledge of the regional growth. The key geographical regions surveyed in this research report involve North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. The report has specifically covered major countries including United States, Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
Key Players
This section has provided an exhaustive analysis of the strategies that the companies are focusing on to stay ahead of other players. The strategies mainly involve research and development, new product developments, and mergers and acquisitions. The researchers have also provided revenue shares of the key companies, company overview, and the latest company developments so as to help players to sustain the cutthroat competition. In this section, the report offers global revenue and sales data of manufacturers for the period 2016-2022. Following is the list of key manufacturers observed in this research study
ABB
Alstom
CAF Power and Automation.
Hitachi, Ltd
Infineon Technologies AG
Ingeteam Power Technology
Medha Servo Drives Private Limited
TOSHIBA CORPORATION
TOYO DENKI SEIZO K.K.
Voith GmbH and Co. KGaA
Frequently Asked Questions
Which application segment captured the leading share in the Railway Traction System market
How fragmented is the Railway Traction System market
Which are the key growth drivers in the Railway Traction System market
Which are the top strategies undertaken by the Railway Traction System market players
Which technological trends are likely to affect the Railway Traction System market
What is the expected Railway Traction System market size by 2028
Which companies are dominating the Railway Traction System market
Which region is projected to witness the fastest growth in the future
What factors are restraining the Railway Traction System market growth
Which are the emerging companies in the Railway Traction System market?
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