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Railway Traction Motor Market 2026-2030

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    Report

  • 304 Pages
  • June 2026
  • Region: Global
  • TechNavio
  • ID: 5135035
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The global railway traction motor market is forecasted to grow by USD 2.47 billion during 2025-2030, accelerating at a CAGR of 4.7% during the forecast period. The report on the global railway traction motor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by global emphasis on decarbonization and railway electrification, accelerating urbanization and investment in mass transit solutions, modernization of aging fleets and continuous technological innovation.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The global railway traction motor market is segmented as below:

By Type

  • DC motors
  • AC motors
  • Synchronous motors

By Application

  • Electric locomotives
  • Diesel locomotives
  • Others

By Power Rating

  • Less than 500 kW
  • From 500 to 1000 kW
  • Greater than 1000 kW

By Geography

  • APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • The Netherlands
  • Middle East and Africa
  • South Africa
  • UAE
  • Turkey
  • South America
  • Brazil
  • Argentina
  • Chile
  • Rest of World (RoW)
This study identifies the accelerated adoption of permanent magnet synchronous motors as one of the prime reasons driving the global railway traction motor market growth during the next few years. Also, integration of digitalization for predictive maintenance and asset management and development and deployment of hybrid propulsion systems will lead to sizable demand in the market.

The report on the global railway traction motor market covers the following areas:

  • Global railway traction motor market sizing
  • Global railway traction motor market forecast
  • Global railway traction motor market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global railway traction motor market vendors that include ABB Ltd., Advanced Electric Machines, ALSTOM SA, American Traction Systems, Bharat Heavy Electricals Ltd., CG Power and Industrial Ltd., Hitachi Ltd., Kirloskar Electric Co. Ltd., Medha Servo Drives Pvt. Ltd., PowerRail, Robert Bosch GmbH, Rotomag Motors and Controls, Saini Group, Sherwood Electromotion Inc., Siemens AG, Toshiba Corp., Traktionssysteme Austria GmbH, Wabtec Corp., WEG S.A. Also, the global railway traction motor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market by Geography
  • Executive Summary - Chart on Market Segmentation by Type
  • Executive Summary - Chart on Market Segmentation by Application
  • Executive Summary - Chart on Market Segmentation by Power Rating
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
  • Chart on Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
  • Chart on Overview on factors of disruption
2.4 Impact of drivers and challenges
  • Chart on Impact of drivers and challenges in 2025 and 2030
3 Market Landscape
3.1 Market ecosystem
  • Chart on Parent Market
  • Data Table on - Parent Market
3.2 Market characteristics
  • Chart on Market characteristics analysis
3.3 Value chain analysis
  • Chart on Value chain analysis
4 Market Sizing
4.1 Market definition
  • Data Table on Offerings of companies included in the market definition
4.2 Market segment analysis
  • Market segments
4.3 Market size 2025
4.4 Market outlook: Forecast for 2025-2030
  • Chart on Global - Market size and forecast 2025-2030 ($ million)
  • Data Table on Global - Market size and forecast 2025-2030 ($ million)
  • Chart on Global Market: Year-over-year growth 2025-2030 (%)
  • Data Table on Global Market: Year-over-year growth 2025-2030 (%)
5 Historic Market Size
5.1 Global Railway Traction Motor Market 2020 - 2024
  • Historic Market Size - Data Table on Global Railway Traction Motor Market 2020 - 2024 ($ million)
5.2 Type segment analysis 2020 - 2024
  • Historic Market Size - Type Segment 2020 - 2024 ($ million)
5.3 Application segment analysis 2020 - 2024
  • Historic Market Size - Application Segment 2020 - 2024 ($ million)
5.4 Power Rating segment analysis 2020 - 2024
  • Historic Market Size - Power Rating Segment 2020 - 2024 ($ million)
5.5 Geography segment analysis 2020 - 2024
  • Historic Market Size - Geography Segment 2020 - 2024 ($ million)
5.6 Country segment analysis 2020 - 2024
  • Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
6.1 Impact of AI on Global Railway Traction Motor Market
6.2 Impact of Geopolitical Conflicts on Global Railway Traction Motor Market
7 Five Forces Analysis
7.1 Five forces summary
  • Five forces analysis - Comparison between 2025 and 2030
7.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2025 and 2030
7.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2025 and 2030
7.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2025 and 2030
7.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2025 and 2030
7.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2025 and 2030
7.7 Market condition
  • Chart on Market condition - Five forces 2025 and 2030
8 Market Segmentation by Type
8.1 Market segments
  • Chart on Type - Market share 2025-2030 (%)
  • Data Table on Type - Market share 2025-2030 (%)
8.2 Comparison by Type
  • Chart on Comparison by Type
  • Data Table on Comparison by Type
8.3 DC motors - Market size and forecast 2025-2030
  • Chart on DC motors - Market size and forecast 2025-2030 ($ million)
  • Data Table on DC motors - Market size and forecast 2025-2030 ($ million)
  • Chart on DC motors - Year-over-year growth 2025-2030 (%)
  • Data Table on DC motors - Year-over-year growth 2025-2030 (%)
8.4 AC motors - Market size and forecast 2025-2030
  • Chart on AC motors - Market size and forecast 2025-2030 ($ million)
  • Data Table on AC motors - Market size and forecast 2025-2030 ($ million)
  • Chart on AC motors - Year-over-year growth 2025-2030 (%)
  • Data Table on AC motors - Year-over-year growth 2025-2030 (%)
8.5 Synchronous motors - Market size and forecast 2025-2030
  • Chart on Synchronous motors - Market size and forecast 2025-2030 ($ million)
  • Data Table on Synchronous motors - Market size and forecast 2025-2030 ($ million)
  • Chart on Synchronous motors - Year-over-year growth 2025-2030 (%)
  • Data Table on Synchronous motors - Year-over-year growth 2025-2030 (%)
8.6 Market opportunity by Type
  • Market opportunity by Type ($ million)
  • Data Table on Market opportunity by Type ($ million)
9 Market Segmentation by Application
9.1 Market segments
  • Chart on Application - Market share 2025-2030 (%)
  • Data Table on Application - Market share 2025-2030 (%)
9.2 Comparison by Application
  • Chart on Comparison by Application
  • Data Table on Comparison by Application
9.3 Electric locomotives - Market size and forecast 2025-2030
  • Chart on Electric locomotives - Market size and forecast 2025-2030 ($ million)
  • Data Table on Electric locomotives - Market size and forecast 2025-2030 ($ million)
  • Chart on Electric locomotives - Year-over-year growth 2025-2030 (%)
  • Data Table on Electric locomotives - Year-over-year growth 2025-2030 (%)
9.4 Diesel locomotives - Market size and forecast 2025-2030
  • Chart on Diesel locomotives - Market size and forecast 2025-2030 ($ million)
  • Data Table on Diesel locomotives - Market size and forecast 2025-2030 ($ million)
  • Chart on Diesel locomotives - Year-over-year growth 2025-2030 (%)
  • Data Table on Diesel locomotives - Year-over-year growth 2025-2030 (%)
9.5 Others - Market size and forecast 2025-2030
  • Chart on Others - Market size and forecast 2025-2030 ($ million)
  • Data Table on Others - Market size and forecast 2025-2030 ($ million)
  • Chart on Others - Year-over-year growth 2025-2030 (%)
  • Data Table on Others - Year-over-year growth 2025-2030 (%)
9.6 Market opportunity by Application
  • Market opportunity by Application ($ million)
  • Data Table on Market opportunity by Application ($ million)
10 Market Segmentation by Power Rating
10.1 Market segments
  • Chart on Power Rating - Market share 2025-2030 (%)
  • Data Table on Power Rating - Market share 2025-2030 (%)
10.2 Comparison by Power Rating
  • Chart on Comparison by Power Rating
  • Data Table on Comparison by Power Rating
10.3 Less than 500 kW - Market size and forecast 2025-2030
  • Chart on Less than 500 kW - Market size and forecast 2025-2030 ($ million)
  • Data Table on Less than 500 kW - Market size and forecast 2025-2030 ($ million)
  • Chart on Less than 500 kW - Year-over-year growth 2025-2030 (%)
  • Data Table on Less than 500 kW - Year-over-year growth 2025-2030 (%)
10.4 From 500 to 1000 kW - Market size and forecast 2025-2030
  • Chart on From 500 to 1000 kW - Market size and forecast 2025-2030 ($ million)
  • Data Table on From 500 to 1000 kW - Market size and forecast 2025-2030 ($ million)
  • Chart on From 500 to 1000 kW - Year-over-year growth 2025-2030 (%)
  • Data Table on From 500 to 1000 kW - Year-over-year growth 2025-2030 (%)
10.5 Greater than 1000 kW - Market size and forecast 2025-2030
  • Chart on Greater than 1000 kW - Market size and forecast 2025-2030 ($ million)
  • Data Table on Greater than 1000 kW - Market size and forecast 2025-2030 ($ million)
  • Chart on Greater than 1000 kW - Year-over-year growth 2025-2030 (%)
  • Data Table on Greater than 1000 kW - Year-over-year growth 2025-2030 (%)
10.6 Market opportunity by Power Rating
  • Market opportunity by Power Rating ($ million)
  • Data Table on Market opportunity by Power Rating ($ million)
11 Customer Landscape
11.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
12.1 Geographic segmentation
  • Chart on Market share by geography 2025-2030 (%)
  • Data Table on Market share by geography 2025-2030 (%)
12.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison
12.3 APAC - Market size and forecast 2025-2030
  • Chart on APAC - Market size and forecast 2025-2030 ($ million)
  • Data Table on APAC - Market size and forecast 2025-2030 ($ million)
  • Chart on APAC - Year-over-year growth 2025-2030 (%)
  • Data Table on APAC - Year-over-year growth 2025-2030 (%)
  • Chart on Regional Comparison - APAC
  • Data Table on Regional Comparison - APAC
12.3.1 China - Market size and forecast 2025-2030
  • Chart on China - Market size and forecast 2025-2030 ($ million)
  • Data Table on China - Market size and forecast 2025-2030 ($ million)
  • Chart on China - Year-over-year growth 2025-2030 (%)
  • Data Table on China - Year-over-year growth 2025-2030 (%)
12.3.2 India - Market size and forecast 2025-2030
  • Chart on India - Market size and forecast 2025-2030 ($ million)
  • Data Table on India - Market size and forecast 2025-2030 ($ million)
  • Chart on India - Year-over-year growth 2025-2030 (%)
  • Data Table on India - Year-over-year growth 2025-2030 (%)
12.3.3 Japan - Market size and forecast 2025-2030
  • Chart on Japan - Market size and forecast 2025-2030 ($ million)
  • Data Table on Japan - Market size and forecast 2025-2030 ($ million)
  • Chart on Japan - Year-over-year growth 2025-2030 (%)
  • Data Table on Japan - Year-over-year growth 2025-2030 (%)
12.3.4 South Korea - Market size and forecast 2025-2030
  • Chart on South Korea - Market size and forecast 2025-2030 ($ million)
  • Data Table on South Korea - Market size and forecast 2025-2030 ($ million)
  • Chart on South Korea - Year-over-year growth 2025-2030 (%)
  • Data Table on South Korea - Year-over-year growth 2025-2030 (%)
12.3.5 Australia - Market size and forecast 2025-2030
  • Chart on Australia - Market size and forecast 2025-2030 ($ million)
  • Data Table on Australia - Market size and forecast 2025-2030 ($ million)
  • Chart on Australia - Year-over-year growth 2025-2030 (%)
  • Data Table on Australia - Year-over-year growth 2025-2030 (%)
12.3.6 Indonesia - Market size and forecast 2025-2030
  • Chart on Indonesia - Market size and forecast 2025-2030 ($ million)
  • Data Table on Indonesia - Market size and forecast 2025-2030 ($ million)
  • Chart on Indonesia - Year-over-year growth 2025-2030 (%)
  • Data Table on Indonesia - Year-over-year growth 2025-2030 (%)
12.4 North America - Market size and forecast 2025-2030
  • Chart on North America - Market size and forecast 2025-2030 ($ million)
  • Data Table on North America - Market size and forecast 2025-2030 ($ million)
  • Chart on North America - Year-over-year growth 2025-2030 (%)
  • Data Table on North America - Year-over-year growth 2025-2030 (%)
  • Chart on Regional Comparison - North America
  • Data Table on Regional Comparison - North America
12.4.1 US - Market size and forecast 2025-2030
  • Chart on US - Market size and forecast 2025-2030 ($ million)
  • Data Table on US - Market size and forecast 2025-2030 ($ million)
  • Chart on US - Year-over-year growth 2025-2030 (%)
  • Data Table on US - Year-over-year growth 2025-2030 (%)
12.4.2 Canada - Market size and forecast 2025-2030
  • Chart on Canada - Market size and forecast 2025-2030 ($ million)
  • Data Table on Canada - Market size and forecast 2025-2030 ($ million)
  • Chart on Canada - Year-over-year growth 2025-2030 (%)
  • Data Table on Canada - Year-over-year growth 2025-2030 (%)
12.4.3 Mexico - Market size and forecast 2025-2030
  • Chart on Mexico - Market size and forecast 2025-2030 ($ million)
  • Data Table on Mexico - Market size and forecast 2025-2030 ($ million)
  • Chart on Mexico - Year-over-year growth 2025-2030 (%)
  • Data Table on Mexico - Year-over-year growth 2025-2030 (%)
12.5 Europe - Market size and forecast 2025-2030
  • Chart on Europe - Market size and forecast 2025-2030 ($ million)
  • Data Table on Europe - Market size and forecast 2025-2030 ($ million)
  • Chart on Europe - Year-over-year growth 2025-2030 (%)
  • Data Table on Europe - Year-over-year growth 2025-2030 (%)
  • Chart on Regional Comparison - Europe
  • Data Table on Regional Comparison - Europe
12.5.1 Germany - Market size and forecast 2025-2030
  • Chart on Germany - Market size and forecast 2025-2030 ($ million)
  • Data Table on Germany - Market size and forecast 2025-2030 ($ million)
  • Chart on Germany - Year-over-year growth 2025-2030 (%)
  • Data Table on Germany - Year-over-year growth 2025-2030 (%)
12.5.2 France - Market size and forecast 2025-2030
  • Chart on France - Market size and forecast 2025-2030 ($ million)
  • Data Table on France - Market size and forecast 2025-2030 ($ million)
  • Chart on France - Year-over-year growth 2025-2030 (%)
  • Data Table on France - Year-over-year growth 2025-2030 (%)
12.5.3 UK - Market size and forecast 2025-2030
  • Chart on UK - Market size and forecast 2025-2030 ($ million)
  • Data Table on UK - Market size and forecast 2025-2030 ($ million)
  • Chart on UK - Year-over-year growth 2025-2030 (%)
  • Data Table on UK - Year-over-year growth 2025-2030 (%)
12.5.4 Italy - Market size and forecast 2025-2030
  • Chart on Italy - Market size and forecast 2025-2030 ($ million)
  • Data Table on Italy - Market size and forecast 2025-2030 ($ million)
  • Chart on Italy - Year-over-year growth 2025-2030 (%)
  • Data Table on Italy - Year-over-year growth 2025-2030 (%)
12.5.5 Spain - Market size and forecast 2025-2030
  • Chart on Spain - Market size and forecast 2025-2030 ($ million)
  • Data Table on Spain - Market size and forecast 2025-2030 ($ million)
  • Chart on Spain - Year-over-year growth 2025-2030 (%)
  • Data Table on Spain - Year-over-year growth 2025-2030 (%)
12.5.6 The Netherlands - Market size and forecast 2025-2030
  • Chart on The Netherlands - Market size and forecast 2025-2030 ($ million)
  • Data Table on The Netherlands - Market size and forecast 2025-2030 ($ million)
  • Chart on The Netherlands - Year-over-year growth 2025-2030 (%)
  • Data Table on The Netherlands - Year-over-year growth 2025-2030 (%)
12.6 Middle East and Africa - Market size and forecast 2025-2030
  • Chart on Middle East and Africa - Market size and forecast 2025-2030 ($ million)
  • Data Table on Middle East and Africa - Market size and forecast 2025-2030 ($ million)
  • Chart on Middle East and Africa - Year-over-year growth 2025-2030 (%)
  • Data Table on Middle East and Africa - Year-over-year growth 2025-2030 (%)
  • Chart on Regional Comparison - Middle East and Africa
  • Data Table on Regional Comparison - Middle East and Africa
12.6.1 South Africa - Market size and forecast 2025-2030
  • Chart on South Africa - Market size and forecast 2025-2030 ($ million)
  • Data Table on South Africa - Market size and forecast 2025-2030 ($ million)
  • Chart on South Africa - Year-over-year growth 2025-2030 (%)
  • Data Table on South Africa - Year-over-year growth 2025-2030 (%)
12.6.2 Saudi Arabia - Market size and forecast 2025-2030
  • Chart on Saudi Arabia - Market size and forecast 2025-2030 ($ million)
  • Data Table on Saudi Arabia - Market size and forecast 2025-2030 ($ million)
  • Chart on Saudi Arabia - Year-over-year growth 2025-2030 (%)
  • Data Table on Saudi Arabia - Year-over-year growth 2025-2030 (%)
12.6.3 UAE - Market size and forecast 2025-2030
  • Chart on UAE - Market size and forecast 2025-2030 ($ million)
  • Data Table on UAE - Market size and forecast 2025-2030 ($ million)
  • Chart on UAE - Year-over-year growth 2025-2030 (%)
  • Data Table on UAE - Year-over-year growth 2025-2030 (%)
12.6.4 Israel - Market size and forecast 2025-2030
  • Chart on Israel - Market size and forecast 2025-2030 ($ million)
  • Data Table on Israel - Market size and forecast 2025-2030 ($ million)
  • Chart on Israel - Year-over-year growth 2025-2030 (%)
  • Data Table on Israel - Year-over-year growth 2025-2030 (%)
12.6.5 Turkey - Market size and forecast 2025-2030
  • Chart on Turkey - Market size and forecast 2025-2030 ($ million)
  • Data Table on Turkey - Market size and forecast 2025-2030 ($ million)
  • Chart on Turkey - Year-over-year growth 2025-2030 (%)
  • Data Table on Turkey - Year-over-year growth 2025-2030 (%)
12.7 South America - Market size and forecast 2025-2030
  • Chart on South America - Market size and forecast 2025-2030 ($ million)
  • Data Table on South America - Market size and forecast 2025-2030 ($ million)
  • Chart on South America - Year-over-year growth 2025-2030 (%)
  • Data Table on South America - Year-over-year growth 2025-2030 (%)
  • Chart on Regional Comparison - South America
  • Data Table on Regional Comparison - South America
12.7.1 Brazil - Market size and forecast 2025-2030
  • Chart on Brazil - Market size and forecast 2025-2030 ($ million)
  • Data Table on Brazil - Market size and forecast 2025-2030 ($ million)
  • Chart on Brazil - Year-over-year growth 2025-2030 (%)
  • Data Table on Brazil - Year-over-year growth 2025-2030 (%)
12.7.2 Argentina - Market size and forecast 2025-2030
  • Chart on Argentina - Market size and forecast 2025-2030 ($ million)
  • Data Table on Argentina - Market size and forecast 2025-2030 ($ million)
  • Chart on Argentina - Year-over-year growth 2025-2030 (%)
  • Data Table on Argentina - Year-over-year growth 2025-2030 (%)
12.7.3 Chile - Market size and forecast 2025-2030
  • Chart on Chile - Market size and forecast 2025-2030 ($ million)
  • Data Table on Chile - Market size and forecast 2025-2030 ($ million)
  • Chart on Chile - Year-over-year growth 2025-2030 (%)
  • Data Table on Chile - Year-over-year growth 2025-2030 (%)
12.8 Market opportunity by geography
  • Market opportunity by geography ($ million)
  • Data Tables on Market opportunity by geography ($ million)
13 Drivers, Challenges, and Opportunity
13.1 Market drivers
  • Global emphasis on decarbonization and railway electrification
  • Accelerating urbanization and investment in mass transit solutions
  • Modernization of aging fleets and continuous technological innovation
13.2 Market challenges
  • Intensive capital requirements and extended overhaul cycles
  • Increasing technological complexity and system integration demands
  • Supply chain volatility and dependence on critical raw materials
13.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2025 and 2030
13.4 Market opportunities
  • Accelerated adoption of permanent magnet synchronous motors
  • Integration of digitalization for predictive maintenance and asset management
  • Development and deployment of hybrid propulsion systems
14 Competitive Landscape
14.1 Overview
14.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
  • Overview on factors of disruption
14.4 Industry risks
  • Impact of key risks on business
15 Competitive Analysis
15.1 Companies profiled
  • Companies covered
15.2 Company ranking index
  • Company ranking index
15.3 Market positioning of companies
  • Matrix on companies position and classification
15.4 ABB Ltd.
  • ABB Ltd. - Overview
  • ABB Ltd. - Business segments
  • ABB Ltd. - Key news
  • ABB Ltd. - Key offerings
  • ABB Ltd. - Segment focus
  • SWOT
15.5 ALSTOM SA
  • ALSTOM SA - Overview
  • ALSTOM SA - Business segments
  • ALSTOM SA - Key offerings
  • ALSTOM SA - Segment focus
  • SWOT
15.6 American Traction Systems
  • American Traction Systems - Overview
  • American Traction Systems - Product / Service
  • American Traction Systems - Key offerings
  • SWOT
15.7 Bharat Heavy Electricals Ltd.
  • Bharat Heavy Electricals Ltd. - Overview
  • Bharat Heavy Electricals Ltd. - Business segments
  • Bharat Heavy Electricals Ltd. - Key offerings
  • Bharat Heavy Electricals Ltd. - Segment focus
  • SWOT
15.8 CG Power and Industrial Ltd.
  • CG Power and Industrial Ltd. - Overview
  • CG Power and Industrial Ltd. - Business segments
  • CG Power and Industrial Ltd. - Key offerings
  • CG Power and Industrial Ltd. - Segment focus
  • SWOT
15.9 Hitachi Ltd.
  • Hitachi Ltd. - Overview
  • Hitachi Ltd. - Business segments
  • Hitachi Ltd. - Key offerings
  • Hitachi Ltd. - Segment focus
  • SWOT
15.10 Kirloskar Electric Co. Ltd.
  • Kirloskar Electric Co. Ltd. - Overview
  • Kirloskar Electric Co. Ltd. - Business segments
  • Kirloskar Electric Co. Ltd. - Key offerings
  • Kirloskar Electric Co. Ltd. - Segment focus
  • SWOT
15.11 Medha Servo Drives Pvt. Ltd.
  • Medha Servo Drives Pvt. Ltd. - Overview
  • Medha Servo Drives Pvt. Ltd. - Product / Service
  • Medha Servo Drives Pvt. Ltd. - Key offerings
  • SWOT
15.12 PowerRail
  • PowerRail - Overview
  • PowerRail - Product / Service
  • PowerRail - Key offerings
  • SWOT
15.13 Robert Bosch GmbH
  • Robert Bosch GmbH - Overview
  • Robert Bosch GmbH - Product / Service
  • Robert Bosch GmbH - Key offerings
  • SWOT
15.14 Saini Group
  • Saini Group - Overview
  • Saini Group - Product / Service
  • Saini Group - Key offerings
  • SWOT
15.15 Siemens AG
  • Siemens AG - Overview
  • Siemens AG - Business segments
  • Siemens AG - Key news
  • Siemens AG - Key offerings
  • Siemens AG - Segment focus
  • SWOT
15.16 Toshiba Corp.
  • Toshiba Corp. - Overview
  • Toshiba Corp. - Business segments
  • Toshiba Corp. - Key offerings
  • Toshiba Corp. - Segment focus
  • SWOT
15.17 Wabtec Corp.
  • Wabtec Corp. - Overview
  • Wabtec Corp. - Business segments
  • Wabtec Corp. - Key offerings
  • Wabtec Corp. - Segment focus
  • SWOT
15.18 WEG S.A
  • WEG S.A - Overview
  • WEG S.A - Business segments
  • WEG S.A - Key offerings
  • WEG S.A - Segment focus
  • SWOT
16 Appendix
16.1 Scope of the report
  • Market definition
  • Objectives
  • Notes and caveats
16.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
16.3 Currency conversion rates for US$
  • Currency conversion rates for US$
16.4 Research methodology
  • Research methodology
16.5 Data procurement
  • Information sources
16.6 Data validation
  • Data validation
16.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
16.8 Data synthesis
  • Data synthesis
16.9 360 degree market analysis
  • 360 degree market analysis
16.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibit 1: Executive Summary - Chart on Market Overview
Exhibit 2: Executive Summary - Data Table on Market Overview
Exhibit 3: Executive Summary - Chart on Global Market Characteristics
Exhibit 4: Executive Summary - Chart on Market by Geography
Exhibit 5: Executive Summary - Chart on Market Segmentation by Type
Exhibit 6: Executive Summary - Chart on Market Segmentation by Application
Exhibit 7: Executive Summary - Chart on Market Segmentation by Power Rating
Exhibit 8: Executive Summary - Chart on Incremental Growth
Exhibit 9: Executive Summary - Data Table on Incremental Growth
Exhibit 10: Executive Summary - Chart on Company Market Positioning
Exhibit 11: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibit 12: Chart on Overview on criticality of inputs and factors of differentiation
Exhibit 13: Chart on Overview on factors of disruption
Exhibit 14: Chart on Impact of drivers and challenges in 2025 and 2030
Exhibit 15: Chart on Parent Market
Exhibit 16: Data Table on - Parent Market
Exhibit 17: Chart on Market characteristics analysis
Exhibit 18: Chart on Value chain analysis
Exhibit 19: Data Table on Offerings of companies included in the market definition
Exhibit 20: Market segments
Exhibit 21: Chart on Global - Market size and forecast 2025-2030 ($ million)
Exhibit 22: Data Table on Global - Market size and forecast 2025-2030 ($ million)
Exhibit 23: Chart on Global Market: Year-over-year growth 2025-2030 (%)
Exhibit 24: Data Table on Global Market: Year-over-year growth 2025-2030 (%)
Exhibit 25: Historic Market Size - Data Table on Global Railway Traction Motor Market 2020 - 2024 ($ million)
Exhibit 26: Historic Market Size - Type Segment 2020 - 2024 ($ million)
Exhibit 27: Historic Market Size - Application Segment 2020 - 2024 ($ million)
Exhibit 28: Historic Market Size - Power Rating Segment 2020 - 2024 ($ million)
Exhibit 29: Historic Market Size - Geography Segment 2020 - 2024 ($ million)
Exhibit 30: Historic Market Size - Country Segment 2020 - 2024 ($ million)
Exhibit 31: Five forces analysis - Comparison between 2025 and 2030
Exhibit 32: Bargaining power of buyers - Impact of key factors 2025 and 2030
Exhibit 33: Bargaining power of suppliers - Impact of key factors in 2025 and 2030
Exhibit 34: Threat of new entrants - Impact of key factors in 2025 and 2030
Exhibit 35: Threat of substitutes - Impact of key factors in 2025 and 2030
Exhibit 36: Threat of rivalry - Impact of key factors in 2025 and 2030
Exhibit 37: Chart on Market condition - Five forces 2025 and 2030
Exhibit 38: Chart on Type - Market share 2025-2030 (%)
Exhibit 39: Data Table on Type - Market share 2025-2030 (%)
Exhibit 40: Chart on Comparison by Type
Exhibit 41: Data Table on Comparison by Type
Exhibit 42: Chart on DC motors - Market size and forecast 2025-2030 ($ million)
Exhibit 43: Data Table on DC motors - Market size and forecast 2025-2030 ($ million)
Exhibit 44: Chart on DC motors - Year-over-year growth 2025-2030 (%)
Exhibit 45: Data Table on DC motors - Year-over-year growth 2025-2030 (%)
Exhibit 46: Chart on AC motors - Market size and forecast 2025-2030 ($ million)
Exhibit 47: Data Table on AC motors - Market size and forecast 2025-2030 ($ million)
Exhibit 48: Chart on AC motors - Year-over-year growth 2025-2030 (%)
Exhibit 49: Data Table on AC motors - Year-over-year growth 2025-2030 (%)
Exhibit 50: Chart on Synchronous motors - Market size and forecast 2025-2030 ($ million)
Exhibit 51: Data Table on Synchronous motors - Market size and forecast 2025-2030 ($ million)
Exhibit 52: Chart on Synchronous motors - Year-over-year growth 2025-2030 (%)
Exhibit 53: Data Table on Synchronous motors - Year-over-year growth 2025-2030 (%)
Exhibit 54: Market opportunity by Type ($ million)
Exhibit 55: Data Table on Market opportunity by Type ($ million)
Exhibit 56: Chart on Application - Market share 2025-2030 (%)
Exhibit 57: Data Table on Application - Market share 2025-2030 (%)
Exhibit 58: Chart on Comparison by Application
Exhibit 59: Data Table on Comparison by Application
Exhibit 60: Chart on Electric locomotives - Market size and forecast 2025-2030 ($ million)
Exhibit 61: Data Table on Electric locomotives - Market size and forecast 2025-2030 ($ million)
Exhibit 62: Chart on Electric locomotives - Year-over-year growth 2025-2030 (%)
Exhibit 63: Data Table on Electric locomotives - Year-over-year growth 2025-2030 (%)
Exhibit 64: Chart on Diesel locomotives - Market size and forecast 2025-2030 ($ million)
Exhibit 65: Data Table on Diesel locomotives - Market size and forecast 2025-2030 ($ million)
Exhibit 66: Chart on Diesel locomotives - Year-over-year growth 2025-2030 (%)
Exhibit 67: Data Table on Diesel locomotives - Year-over-year growth 2025-2030 (%)
Exhibit 68: Chart on Others - Market size and forecast 2025-2030 ($ million)
Exhibit 69: Data Table on Others - Market size and forecast 2025-2030 ($ million)
Exhibit 70: Chart on Others - Year-over-year growth 2025-2030 (%)
Exhibit 71: Data Table on Others - Year-over-year growth 2025-2030 (%)
Exhibit 72: Market opportunity by Application ($ million)
Exhibit 73: Data Table on Market opportunity by Application ($ million)
Exhibit 74: Chart on Power Rating - Market share 2025-2030 (%)
Exhibit 75: Data Table on Power Rating - Market share 2025-2030 (%)
Exhibit 76: Chart on Comparison by Power Rating
Exhibit 77: Data Table on Comparison by Power Rating
Exhibit 78: Chart on Less than 500 kW - Market size and forecast 2025-2030 ($ million)
Exhibit 79: Data Table on Less than 500 kW - Market size and forecast 2025-2030 ($ million)
Exhibit 80: Chart on Less than 500 kW - Year-over-year growth 2025-2030 (%)
Exhibit 81: Data Table on Less than 500 kW - Year-over-year growth 2025-2030 (%)
Exhibit 82: Chart on From 500 to 1000 kW - Market size and forecast 2025-2030 ($ million)
Exhibit 83: Data Table on From 500 to 1000 kW - Market size and forecast 2025-2030 ($ million)
Exhibit 84: Chart on From 500 to 1000 kW - Year-over-year growth 2025-2030 (%)
Exhibit 85: Data Table on From 500 to 1000 kW - Year-over-year growth 2025-2030 (%)
Exhibit 86: Chart on Greater than 1000 kW - Market size and forecast 2025-2030 ($ million)
Exhibit 87: Data Table on Greater than 1000 kW - Market size and forecast 2025-2030 ($ million)
Exhibit 88: Chart on Greater than 1000 kW - Year-over-year growth 2025-2030 (%)
Exhibit 89: Data Table on Greater than 1000 kW - Year-over-year growth 2025-2030 (%)
Exhibit 90: Market opportunity by Power Rating ($ million)
Exhibit 91: Data Table on Market opportunity by Power Rating ($ million)
Exhibit 92: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibit 93: Chart on Market share by geography 2025-2030 (%)
Exhibit 94: Data Table on Market share by geography 2025-2030 (%)
Exhibit 95: Chart on Geographic comparison
Exhibit 96: Data Table on Geographic comparison
Exhibit 97: Chart on APAC - Market size and forecast 2025-2030 ($ million)
Exhibit 98: Data Table on APAC - Market size and forecast 2025-2030 ($ million)
Exhibit 99: Chart on APAC - Year-over-year growth 2025-2030 (%)
Exhibit 100: Data Table on APAC - Year-over-year growth 2025-2030 (%)
Exhibit 101: Chart on Regional Comparison - APAC
Exhibit 102: Data Table on Regional Comparison - APAC
Exhibit 103: Chart on China - Market size and forecast 2025-2030 ($ million)
Exhibit 104: Data Table on China - Market size and forecast 2025-2030 ($ million)
Exhibit 105: Chart on China - Year-over-year growth 2025-2030 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2025-2030 (%)
Exhibit 107: Chart on India - Market size and forecast 2025-2030 ($ million)
Exhibit 108: Data Table on India - Market size and forecast 2025-2030 ($ million)
Exhibit 109: Chart on India - Year-over-year growth 2025-2030 (%)
Exhibit 110: Data Table on India - Year-over-year growth 2025-2030 (%)
Exhibit 111: Chart on Japan - Market size and forecast 2025-2030 ($ million)
Exhibit 112: Data Table on Japan - Market size and forecast 2025-2030 ($ million)
Exhibit 113: Chart on Japan - Year-over-year growth 2025-2030 (%)
Exhibit 114: Data Table on Japan - Year-over-year growth 2025-2030 (%)
Exhibit 115: Chart on South Korea - Market size and forecast 2025-2030 ($ million)
Exhibit 116: Data Table on South Korea - Market size and forecast 2025-2030 ($ million)
Exhibit 117: Chart on South Korea - Year-over-year growth 2025-2030 (%)
Exhibit 118: Data Table on South Korea - Year-over-year growth 2025-2030 (%)
Exhibit 119: Chart on Australia - Market size and forecast 2025-2030 ($ million)
Exhibit 120: Data Table on Australia - Market size and forecast 2025-2030 ($ million)
Exhibit 121: Chart on Australia - Year-over-year growth 2025-2030 (%)
Exhibit 122: Data Table on Australia - Year-over-year growth 2025-2030 (%)
Exhibit 123: Chart on Indonesia - Market size and forecast 2025-2030 ($ million)
Exhibit 124: Data Table on Indonesia - Market size and forecast 2025-2030 ($ million)
Exhibit 125: Chart on Indonesia - Year-over-year growth 2025-2030 (%)
Exhibit 126: Data Table on Indonesia - Year-over-year growth 2025-2030 (%)
Exhibit 127: Chart on North America - Market size and forecast 2025-2030 ($ million)
Exhibit 128: Data Table on North America - Market size and forecast 2025-2030 ($ million)
Exhibit 129: Chart on North America - Year-over-year growth 2025-2030 (%)
Exhibit 130: Data Table on North America - Year-over-year growth 2025-2030 (%)
Exhibit 131: Chart on Regional Comparison - North America
Exhibit 132: Data Table on Regional Comparison - North America
Exhibit 133: Chart on US - Market size and forecast 2025-2030 ($ million)
Exhibit 134: Data Table on US - Market size and forecast 2025-2030 ($ million)
Exhibit 135: Chart on US - Year-over-year growth 2025-2030 (%)
Exhibit 136: Data Table on US - Year-over-year growth 2025-2030 (%)
Exhibit 137: Chart on Canada - Market size and forecast 2025-2030 ($ million)
Exhibit 138: Data Table on Canada - Market size and forecast 2025-2030 ($ million)
Exhibit 139: Chart on Canada - Year-over-year growth 2025-2030 (%)
Exhibit 140: Data Table on Canada - Year-over-year growth 2025-2030 (%)
Exhibit 141: Chart on Mexico - Market size and forecast 2025-2030 ($ million)
Exhibit 142: Data Table on Mexico - Market size and forecast 2025-2030 ($ million)
Exhibit 143: Chart on Mexico - Year-over-year growth 2025-2030 (%)
Exhibit 144: Data Table on Mexico - Year-over-year growth 2025-2030 (%)
Exhibit 145: Chart on Europe - Market size and forecast 2025-2030 ($ million)
Exhibit 146: Data Table on Europe - Market size and forecast 2025-2030 ($ million)
Exhibit 147: Chart on Europe - Year-over-year growth 2025-2030 (%)
Exhibit 148: Data Table on Europe - Year-over-year growth 2025-2030 (%)
Exhibit 149: Chart on Regional Comparison - Europe
Exhibit 150: Data Table on Regional Comparison - Europe
Exhibit 151: Chart on Germany - Market size and forecast 2025-2030 ($ million)
Exhibit 152: Data Table on Germany - Market size and forecast 2025-2030 ($ million)
Exhibit 153: Chart on Germany - Year-over-year growth 2025-2030 (%)
Exhibit 154: Data Table on Germany - Year-over-year growth 2025-2030 (%)
Exhibit 155: Chart on France - Market size and forecast 2025-2030 ($ million)
Exhibit 156: Data Table on France - Market size and forecast 2025-2030 ($ million)
Exhibit 157: Chart on France - Year-over-year growth 2025-2030 (%)
Exhibit 158: Data Table on France - Year-over-year growth 2025-2030 (%)
Exhibit 159: Chart on UK - Market size and forecast 2025-2030 ($ million)
Exhibit 160: Data Table on UK - Market size and forecast 2025-2030 ($ million)
Exhibit 161: Chart on UK - Year-over-year growth 2025-2030 (%)
Exhibit 162: Data Table on UK - Year-over-year growth 2025-2030 (%)
Exhibit 163: Chart on Italy - Market size and forecast 2025-2030 ($ million)
Exhibit 164: Data Table on Italy - Market size and forecast 2025-2030 ($ million)
Exhibit 165: Chart on Italy - Year-over-year growth 2025-2030 (%)
Exhibit 166: Data Table on Italy - Year-over-year growth 2025-2030 (%)
Exhibit 167: Chart on Spain - Market size and forecast 2025-2030 ($ million)
Exhibit 168: Data Table on Spain - Market size and forecast 2025-2030 ($ million)
Exhibit 169: Chart on Spain - Year-over-year growth 2025-2030 (%)
Exhibit 170: Data Table on Spain - Year-over-year growth 2025-2030 (%)
Exhibit 171: Chart on The Netherlands - Market size and forecast 2025-2030 ($ million)
Exhibit 172: Data Table on The Netherlands - Market size and forecast 2025-2030 ($ million)
Exhibit 173: Chart on The Netherlands - Year-over-year growth 2025-2030 (%)
Exhibit 174: Data Table on The Netherlands - Year-over-year growth 2025-2030 (%)
Exhibit 175: Chart on Middle East and Africa - Market size and forecast 2025-2030 ($ million)
Exhibit 176: Data Table on Middle East and Africa - Market size and forecast 2025-2030 ($ million)
Exhibit 177: Chart on Middle East and Africa - Year-over-year growth 2025-2030 (%)
Exhibit 178: Data Table on Middle East and Africa - Year-over-year growth 2025-2030 (%)
Exhibit 179: Chart on Regional Comparison - Middle East and Africa
Exhibit 180: Data Table on Regional Comparison - Middle East and Africa
Exhibit 181: Chart on South Africa - Market size and forecast 2025-2030 ($ million)
Exhibit 182: Data Table on South Africa - Market size and forecast 2025-2030 ($ million)
Exhibit 183: Chart on South Africa - Year-over-year growth 2025-2030 (%)
Exhibit 184: Data Table on South Africa - Year-over-year growth 2025-2030 (%)
Exhibit 185: Chart on Saudi Arabia - Market size and forecast 2025-2030 ($ million)
Exhibit 186: Data Table on Saudi Arabia - Market size and forecast 2025-2030 ($ million)
Exhibit 187: Chart on Saudi Arabia - Year-over-year growth 2025-2030 (%)
Exhibit 188: Data Table on Saudi Arabia - Year-over-year growth 2025-2030 (%)
Exhibit 189: Chart on UAE - Market size and forecast 2025-2030 ($ million)
Exhibit 190: Data Table on UAE - Market size and forecast 2025-2030 ($ million)
Exhibit 191: Chart on UAE - Year-over-year growth 2025-2030 (%)
Exhibit 192: Data Table on UAE - Year-over-year growth 2025-2030 (%)
Exhibit 193: Chart on Israel - Market size and forecast 2025-2030 ($ million)
Exhibit 194: Data Table on Israel - Market size and forecast 2025-2030 ($ million)
Exhibit 195: Chart on Israel - Year-over-year growth 2025-2030 (%)
Exhibit 196: Data Table on Israel - Year-over-year growth 2025-2030 (%)
Exhibit 197: Chart on Turkey - Market size and forecast 2025-2030 ($ million)
Exhibit 198: Data Table on Turkey - Market size and forecast 2025-2030 ($ million)
Exhibit 199: Chart on Turkey - Year-over-year growth 2025-2030 (%)
Exhibit 200: Data Table on Turkey - Year-over-year growth 2025-2030 (%)
Exhibit 201: Chart on South America - Market size and forecast 2025-2030 ($ million)
Exhibit 202: Data Table on South America - Market size and forecast 2025-2030 ($ million)
Exhibit 203: Chart on South America - Year-over-year growth 2025-2030 (%)
Exhibit 204: Data Table on South America - Year-over-year growth 2025-2030 (%)
Exhibit 205: Chart on Regional Comparison - South America
Exhibit 206: Data Table on Regional Comparison - South America
Exhibit 207: Chart on Brazil - Market size and forecast 2025-2030 ($ million)
Exhibit 208: Data Table on Brazil - Market size and forecast 2025-2030 ($ million)
Exhibit 209: Chart on Brazil - Year-over-year growth 2025-2030 (%)
Exhibit 210: Data Table on Brazil - Year-over-year growth 2025-2030 (%)
Exhibit 211: Chart on Argentina - Market size and forecast 2025-2030 ($ million)
Exhibit 212: Data Table on Argentina - Market size and forecast 2025-2030 ($ million)
Exhibit 213: Chart on Argentina - Year-over-year growth 2025-2030 (%)
Exhibit 214: Data Table on Argentina - Year-over-year growth 2025-2030 (%)
Exhibit 215: Chart on Chile - Market size and forecast 2025-2030 ($ million)
Exhibit 216: Data Table on Chile - Market size and forecast 2025-2030 ($ million)
Exhibit 217: Chart on Chile - Year-over-year growth 2025-2030 (%)
Exhibit 218: Data Table on Chile - Year-over-year growth 2025-2030 (%)
Exhibit 219: Market opportunity by geography ($ million)
Exhibit 220: Data Tables on Market opportunity by geography ($ million)
Exhibit 221: Impact of drivers and challenges in 2025 and 2030
Exhibit 222: Overview on criticality of inputs and factors of differentiation
Exhibit 223: Overview on factors of disruption
Exhibit 224: Impact of key risks on business
Exhibit 225: Companies covered
Exhibit 226: Company ranking index
Exhibit 227: Matrix on companies position and classification
Exhibit 228: ABB Ltd. - Overview
Exhibit 229: ABB Ltd. - Business segments
Exhibit 230: ABB Ltd. - Key news
Exhibit 231: ABB Ltd. - Key offerings
Exhibit 232: ABB Ltd. - Segment focus
Exhibit 233: SWOT
Exhibit 234: ALSTOM SA - Overview
Exhibit 235: ALSTOM SA - Business segments
Exhibit 236: ALSTOM SA - Key offerings
Exhibit 237: ALSTOM SA - Segment focus
Exhibit 238: SWOT
Exhibit 239: American Traction Systems - Overview
Exhibit 240: American Traction Systems - Product / Service
Exhibit 241: American Traction Systems - Key offerings
Exhibit 242: SWOT
Exhibit 243: Bharat Heavy Electricals Ltd. - Overview
Exhibit 244: Bharat Heavy Electricals Ltd. - Business segments
Exhibit 245: Bharat Heavy Electricals Ltd. - Key offerings
Exhibit 246: Bharat Heavy Electricals Ltd. - Segment focus
Exhibit 247: SWOT
Exhibit 248: CG Power and Industrial Ltd. - Overview
Exhibit 249: CG Power and Industrial Ltd. - Business segments
Exhibit 250: CG Power and Industrial Ltd. - Key offerings
Exhibit 251: CG Power and Industrial Ltd. - Segment focus
Exhibit 252: SWOT
Exhibit 253: Hitachi Ltd. - Overview
Exhibit 254: Hitachi Ltd. - Business segments
Exhibit 255: Hitachi Ltd. - Key offerings
Exhibit 256: Hitachi Ltd. - Segment focus
Exhibit 257: SWOT
Exhibit 258: Kirloskar Electric Co. Ltd. - Overview
Exhibit 259: Kirloskar Electric Co. Ltd. - Business segments
Exhibit 260: Kirloskar Electric Co. Ltd. - Key offerings
Exhibit 261: Kirloskar Electric Co. Ltd. - Segment focus
Exhibit 262: SWOT
Exhibit 263: Medha Servo Drives Pvt. Ltd. - Overview
Exhibit 264: Medha Servo Drives Pvt. Ltd. - Product / Service
Exhibit 265: Medha Servo Drives Pvt. Ltd. - Key offerings
Exhibit 266: SWOT
Exhibit 267: PowerRail - Overview
Exhibit 268: PowerRail - Product / Service
Exhibit 269: PowerRail - Key offerings
Exhibit 270: SWOT
Exhibit 271: Robert Bosch GmbH - Overview
Exhibit 272: Robert Bosch GmbH - Product / Service
Exhibit 273: Robert Bosch GmbH - Key offerings
Exhibit 274: SWOT
Exhibit 275: Saini Group - Overview
Exhibit 276: Saini Group - Product / Service
Exhibit 277: Saini Group - Key offerings
Exhibit 278: SWOT
Exhibit 279: Siemens AG - Overview
Exhibit 280: Siemens AG - Business segments
Exhibit 281: Siemens AG - Key news
Exhibit 282: Siemens AG - Key offerings
Exhibit 283: Siemens AG - Segment focus
Exhibit 284: SWOT
Exhibit 285: Toshiba Corp. - Overview
Exhibit 286: Toshiba Corp. - Business segments
Exhibit 287: Toshiba Corp. - Key offerings
Exhibit 288: Toshiba Corp. - Segment focus
Exhibit 289: SWOT
Exhibit 290: Wabtec Corp. - Overview
Exhibit 291: Wabtec Corp. - Business segments
Exhibit 292: Wabtec Corp. - Key offerings
Exhibit 293: Wabtec Corp. - Segment focus
Exhibit 294: SWOT
Exhibit 295: WEG S.A - Overview
Exhibit 296: WEG S.A - Business segments
Exhibit 297: WEG S.A - Key offerings
Exhibit 298: WEG S.A - Segment focus
Exhibit 299: SWOT
Exhibit 300: Inclusions checklist
Exhibit 301: Exclusions checklist
Exhibit 302: Currency conversion rates for US$
Exhibit 303: Research methodology
Exhibit 304: Information sources
Exhibit 305: Data validation
Exhibit 306: Validation techniques employed for market sizing
Exhibit 307: Data synthesis
Exhibit 308: 360 degree market analysis
Exhibit 309: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global global railway traction motor market: ABB Ltd., Advanced Electric Machines, ALSTOM SA, American Traction Systems, Bharat Heavy Electricals Ltd., CG Power and Industrial Ltd., Hitachi Ltd., Kirloskar Electric Co. Ltd., Medha Servo Drives Pvt. Ltd., PowerRail, Robert Bosch GmbH, Rotomag Motors and Controls, Saini Group, Sherwood Electromotion Inc., Siemens AG, Toshiba Corp., Traktionssysteme Austria GmbH, Wabtec Corp., WEG S.A.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is accelerated adoption of permanent magnet synchronous motors."

According to the report, one of the major drivers for this market is the global emphasis on decarbonization and railway electrification.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ABB Ltd.
  • Advanced Electric Machines
  • ALSTOM SA
  • American Traction Systems
  • Bharat Heavy Electricals Ltd.
  • CG Power and Industrial Ltd.
  • Hitachi Ltd.
  • Kirloskar Electric Co. Ltd.
  • Medha Servo Drives Pvt. Ltd.
  • PowerRail
  • Robert Bosch GmbH
  • Rotomag Motors and Controls
  • Saini Group
  • Sherwood Electromotion Inc.
  • Siemens AG
  • Toshiba Corp.
  • Traktionssysteme Austria GmbH
  • Wabtec Corp.
  • WEG S.A