Revolutionizing Rail Transport: The Evolution of the Railway Traction Motor

According to a recent report published by Allied Market Research, titled, “Railway traction motor Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2020–2030,” the global railway traction motor market was valued at $31.44 billion in 2020, and is projected to reach $48.72 billion by 2030, registering a CAGR of 4.4%.   𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 …