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.

Key Features:

• Detailed analysis by region and market sector
• Market segmentation based on application and type
• Comprehensive overview of key trends and developments

Segmentation by Type:

• <300kW
• 300-500kW
• 500-1000kW
• >1000kW

Segmentation by Application:

• Express Train
• Subway
• Light Rail
• Others

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

Companies Coverage:

• Siemens Mobility
• HITACHI
• Alstom Transport
• ABB
• GE
• Toshiba
• MEIDENSHA
• CONTINENTAL
• MACCON
• CRRC ZHUZHOU ELECTRIC LOCOMOTIVE RESEARCH INTITUTE

Key Questions Addressed in this Report:

1. What is the 10-year outlook for the global Permanent Magnet Traction System market?
2. What factors are driving Permanent Magnet Traction System market growth, globally and by region?
3. Which technologies are poised for the fastest growth by market and region?
4. How do Permanent Magnet Traction System market opportunities vary by end market size?
5. How does Permanent Magnet Traction System break out by Type, by Application?