The simplest definition of a railway traction system is a driving force that propels the railroad. It is made up of all the parts that gather energy from a source, transform it, and then use it to move the locomotive and coaches.
Railroad Traction Power Supply System Market is valued at USD 28.88 billion in 2022 and is projected to reach a value of USD 43.99 billion in 2030 expanding at a CAGR of 5.4% over the forecast period of 2022-2030.
Governments all across the world have been working hard to reduce the emissions from transportation, which has been a significant environmental problem. Rail travel is responsible for about 1% of all NO2 emissions, according to data gathered from the European Commission. In order to lessen these pollutants, current HC fuel-powered railways are being converted to electric railways. Around the world, the number of railway routes that are electrified is steadily rising. In 2020, India's rail network had more than 6000 kilometres of electrification. The need for electric traction systems is increasing as a result of the electrification of rail networks and the conversion of conventional diesel locomotives into electric locomotives.
Electric traction system and non-electric traction system are the two main types of railroad traction systems that are in use around the world.
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Railroad Traction Power Supply System Market: Segmental analysis
Based on System Type
- Auxiliary Power
- HVAC
- Propulsion
- On board Vehicle Control
- Train Information
- Train Safety
Based on Type
- Locomotive
- Metros
- Monorails
- Trams
- Freight Wagons
- Passenger Coaches
- Others
Based on End Use
- Passenger transit
- Cargo train
Prominent Market players:
ALSTOM, Bombardier, CRRC, General Electric, Siemens, Hitachi, Stadler Rail AG, The Greenbrier Companies, Transmashholding, Trinity Industries Inc.
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FREQUENTLY ASKED QUESTIONS?
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