Global traction equipment market expected to see sustained growth from 2024 to 2032.
The global traction equipment market is expected to achieve sustained growth from 2024 to 2032. The market size is projected to expand from 317.1 million USD in 2023 to 406.5 million USD by 2032, with a compound annual growth rate (CAGR) of 2.8%. Traction equipment is a crucial component responsible for the efficient transmission of motion and power in automobiles and transportation systems. This includes components such as generators, motors, transformers, traction converters, and control systems. The performance and quality of traction equipment directly impact the overall efficiency and reliability of transportation systems. For application methods, please check the [PDF download] button or apply directly through the related links.
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Main Companies: Toshiba International Corporation Bombardier Inc. Caterpillar Inc. American Traction Systems Transtech Melbourne Pty Ltd Crompton Greaves Limited ABB Ltd. VEM Group MITSUBISHI ELECTRIC CORPORATION Medha Servo Drives Private Limited Kawasaki Heavy Industries Ltd Siemens AG General Electric Company Alstom S.A. By Type: Traction Transformers Traction Converters Motors and Generators Others By Application: Railway Maritime Industrial Equipment Electric Vehicles Others
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