Railway Traction Motors Market Is Estimated to Amount to US $13.21 Bn by 2024
The market for traction motors is growing at varied pace across different geographical regions. In North America, the market is currently expanding at a steady pace, majorly driven by demand from the U.S. and Canada. The market for traction motors in the region is expected to undergo significant transformation owing to increasing research and development for enhancement of railway systems in the region. Moreover, emphasis on improving performance, reducing operating expenditures, maintaining regulatory standards, and customer demand for comfort are...
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