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As the world continues to deal with COVID-19, economies are moving into recession, official counts of cases and deaths from COVID-19 have passed 4,000,000 and 280,000 at the time of this report. Many government announced a plan on reopening the national economy, but many countries are still at the stage of rising.
On a more positive note, we are already seeing signs of recovery as the COVID-19 risk is declining in China. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Industrial Traction Equipments market in this environment.
In terms of revenue, this research report indicated that the global Industrial Traction Equipments market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Industrial Traction Equipments industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The ???ABB Ltd. aims at producing XX Industrial Traction Equipments in 2020, with XX % production to take place in global market, ????Alstom SA accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Industrial Traction Equipments Market by XYZResearch Include
- South America
Competitive Analysis; Who are the Major Players in Industrial Traction Equipments Market?
- ABB Ltd.
- Alstom SA
- Caterpillar Inc.
- Mitsubishi Electric Corporation
- Toshiba International Corporation
- Kawasaki Heavy Industries Ltd.
- American Traction Systems
- Bombardier Inc.
- Crompton Greaves Limited
- Siemens AG
- General Electric Company
- VEM Group
- TTM Rail - Transtech Melbourne Pty Ltd.
Major Type of Industrial Traction Equipments Covered in XYZResearch report:
- Traction Transformer
- Traction Motor
- Traction Converter
Application Segments Covered in XYZResearch Market
- Oil and Gas
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