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.

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anticipated to grow at a CAGR of 5.4% between 2022 and 2030, reaching a value of USD 43.99 billion.

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A traction motor in a railway system is an electric motor that produces torque energy from electrical energy.

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Electricity powers traction motors, which produce the force needed to turn the train's wheels.

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The driving gear unit and axle transmit the turning force generated by the traction motors to the wheels.

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Typically, traction motors are installed inside the wheels of railroad rolling stock

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Throughout the evaluation period, these factors are anticipated to fuel the railway traction inverter market's expansion.

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