Railway Traction Motor Market to Reach $41.6 Billion by 2025
According to a new report by Allied Market Research, titled, Railway Traction Motor Market by Type and by Application: Global Opportunities Analysis and Industry Forecast, 2017-2023, the global railway traction motor market was valued at $30.3 billion in 2016, and is projected to reach at $41.6 billion by 2025, growing at a CAGR of 3.8% from 2017 to 2025.
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