Market Share of Railway Traction Motor Industry
The railway traction motor market is consolidated and led by globally and regionally established players. These companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market positions. For instance,
- In May 2023, Alstom NUG Propulsion System (ANP), Alstom's joint venture in China, introduced an innovative traction system on one of its trains. Passenger trial operations are currently being conducted in Chengdu, building on previous tests of the novel traction technology in Sweden.
- This new traction system's successful deployment and ongoing trials highlight Alstom's commitment to advancing rail technology and expanding its capabilities in both the Chinese and global markets.
Railway Traction Motor Market Leaders
-
ABB Ltd.
-
Alstom SA
-
Mitsubishi Electric Corporation
-
Siemens
-
Hitachi Ltd
*Disclaimer: Major Players sorted in no particular order
