Railway Traction Motor Market Size, Analysis, Opportunities and Future Prospects 2025
A recent report by KD market insights titled as " Railway Traction Motor Market Size, Trends & Opportunity Outlook – Forecast to 2025 " provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2020-2025. The study also provides the Railway Traction Motor Market . competitors share and region wise analysis around the globe. The global railway traction motor market is expected to reach $41.63 billion in 2025, from $30.28 billion in 2016, growing at a CAGR of 3.8% from 2017 to 2025. Railway traction motors are series-wound brushed DC motors, usually running on approximately 600 Volts. The availability of high-powered semiconductors (such as thyristors and the IGBT) have made the use of much simpler, higher-reliability AC induction motors known as asynchronous traction motors possible. The substantial improvement of the railroads in the twentieth century is connected to the electrificatio...