Railway Traction Motor Market to Surpass $18.5 Billion by 2030 with 6.9% CAGR Growth The Railway Traction Motor market has demonstrated steady expansion, increasing from USD 10.2 billion in 2016 to USD 14.1 billion in 2022, reflecting a CAGR of 5.5%. Rising investments in electrified rail networks, which expanded by over 28% globally between 2015 and 2022, have driven demand. The market is projected to reach USD 18.5 billion by 2030, growing at a CAGR of 6.9% from 2023 to 2030. Read Full Research Study: Railway Traction Motor https://marketintelo.com/report/railway-traction-motor-market