Global Permanent Magnet Traction System Market Growth 2025-2031

The global Permanent Magnet Traction System market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

The permanent magnet traction system is the power system of the train. It is a traction system that adds permanent magnets to the motor, provides excitation with permanent magnets, and realizes synchronous transmission of the motor. The traction system is the heart of a rail transit vehicle and the key source of power for the vehicle, which determines the speed, energy consumption and performance of the vehicle.

United States market for Permanent Magnet Traction System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Permanent Magnet Traction System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Permanent Magnet Traction System is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Permanent Magnet Traction System players cover Siemens Mobility, HITACHI, Alstom Transport, ABB, GE, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Permanent Magnet Traction System Industry Forecast” looks at past sales and reviews total world Permanent Magnet Traction System sales in 2024, providing a comprehensive analysis by region and market sector of projected Permanent Magnet Traction System sales for 2025 through 2031. With Permanent Magnet Traction System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Permanent Magnet Traction System industry.

This Insight Report provides a comprehensive analysis of the global Permanent Magnet Traction System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Permanent Magnet Traction System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Permanent Magnet Traction System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Permanent Magnet Traction System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Permanent Magnet Traction System.

This report presents a comprehensive overview, market shares, and growth opportunities of Permanent Magnet Traction System market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
<300kW
300-500kW
500-1000kW
>1000kW

Segmentation by Application:
Express Train
Subway
Light Rail
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Siemens Mobility
HITACHI
Alstom Transport
ABB
GE
Toshiba
MEIDENSHA
CONTINENTAL
MACCON
CRRC ZHUZHOU ELECTRIC LOCOMOTIVE RESEARCH INTITUTE

Key Questions Addressed in this Report

What is the 10-year outlook for the global Permanent Magnet Traction System market?

What factors are driving Permanent Magnet Traction System market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Permanent Magnet Traction System market opportunities vary by end market size?

How does Permanent Magnet Traction System break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.