Market Research for Railroad Traction Power Supply Systems from 2022 to 2030
In 2022, the market for railroad traction power supply systems will be worth USD 28.88 billion.
anticipated to grow at a CAGR of 5.4% between 2022 and 2030, reaching a value of USD 43.99 billion.
A traction motor in a railway system is an electric motor that produces torque energy from electrical energy.
Electricity powers traction motors, which produce the force needed to turn the train's wheels.
The driving gear unit and axle transmit the turning force generated by the traction motors to the wheels.
Typically, traction motors are installed inside the wheels of railroad rolling stock
Throughout the evaluation period, these factors are anticipated to fuel the railway traction inverter market's expansion.
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