Electric Traction Systems Market: Rise in Use of Electric Locomotives to Propel Demand for Electric Traction Systems Market
The global electric traction systems market is highly fragmented. The five leading companies held around 9.5% share in the overall market in 2016. The market seems to be highly competitive, owing to which the firms are working to develop distinct offerings keeping mind the pricing of the components and advancement of electric traction systems. Moreover, the key players are also working on launching customized products, along with long term maintenance facilities in order to grow in the market. Several firms...
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