Among the different types of rolling stocks, electric traction systems are most commonly utilized for railways. Hence, the growing railway connectivity globally, coupled with environmental concerns, has been promoting the demand for electric traction systems.

Albany, NY -- (SBWire) -- 06/27/2017 --Global urbanization coupled with technological developments are the major drivers of the electric traction systems market that is growing rapidly. Electric traction systems are most commonly utilized for railways, thus the growing railway connectivity globally coupled with environmental concerns has been promoting the demand for these systems. To elaborate, Market Research Hub (MRH) has recently added a report titled as "Electric Traction Systems Market - Global Industry Analysis Size Share Growth Trends and Forecast 2017 – 2025" to its vast report database. The analyzed study also estimates that the market will grow at a 2.5% CAGR from 2017 to 2025.

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Railway vehicles use the electric traction system at large and in general, diesel, steam, and electric based traction systems are covered under traction systems. The scope of the report describes the electric traction systems in detail. The propelling growth of the electric traction market is seen by the suburban railways such as trams, metros, and intercity high-speed networks which are being planned across several major cities. The report moreover segments the market by type, end-user industry, and region. Based on the type, the market is segmented into electric traction transformer, electric traction motor, electric traction generator, electric traction inverter, electric traction converter among others. Transportation is further sub-segmented into railways & others, whereas the railways segment is furthermore sub-segmented into electric traction transformer, electric traction motor, electric traction generator, electric traction inverter, electric traction converter among others. On the basis of end-use industry, the market is described for automotive, oïl & gas, power engineering or electrical engineering, mining, and transportation. Moreover, based on the geographic constraint, the global electric traction systems market is categorized into Asia-Pacific, Europe, Latin America, North America, Middle East and Africa.

Lastly, the key players in the electric traction systems market have been competitively profiled across the discussed five broad geographic regions. The leading players featured in the report are KON AR Group, ABB Ltd, Alstom S.A., Siemens AG, Delphi Automotive LLP, Voith GmbH, Mitsubishi Electric Corporation, Schneider Electric SE, The Curtiss-Wright Corporation , Prodrive Technologies, Toshiba Corporation, General Electric Co., CG Power and Industrial Solutions Ltd., Bombardier Inc., American Traction Systems, VEM Group, Caterpillar Inc., TTM Rail - Transtech Melbourne Pty Ltd., Kawasaki Heavy Industries Ltd., Traktionssysteme Austria GmbH, Hyundai Rotem Company, Hitachi Ltd., Ansaldo Signalling and Transportation Systems, Skoda Transportation a.s., Wabtec Corporation and Schneider Electric SE.

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