Railway Traction Motor Market Forecast by 2025: ABB, Aisin Seiki Co. Ltd., Sulzer Ltd., ALSTOM, Bombardier, BHEL
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.
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