PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535564
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535564
Traction Transformer Market Size - By Type (Alternative Current (AC) Traction Transformer, Direct Current (DC) Traction Transformer), By Mounting Position (Over the Roof, Machine Room, Under the Floor), By Application & Forecast, 2024 - 2032
Traction Transformer Market size will record more than 7% CAGR from 2024-2032, driven by the strong integration of IoT and digital monitoring systems for real-time diagnostics, predictive maintenance, and enhanced operational efficiency. Of late, the incorporation of regenerative braking technology is allowing trains to recover energy during braking and feeding it back into the power grid for enhancing the overall energy efficiency. The greater emphasis on developing environmentally friendly transformers with lower energy consumption and reduced carbon footprint will also favor the product adoption. To cite an instance, in September 2022, Hitachi Energy launched RESIBLOC Rail, its new oil-free traction transformer up to 25 KV deployed with integrated cooling system.
The traction transformer industry is segmented into type, mounting position, application, and region.
By mounting position, the industry value from the machine room segment is anticipated to witness strong growth between 2024 and 2032. Machine room traction transformers play a crucial role in ensuring efficient, reliable, and sustainable power delivery for expanding and evolving the urban transit networks. With aging infrastructure in many existing metro systems and the strong need for replacement, these transformers are installed to improve reliability and efficiency.
Based on application, the traction transformer market from the metros segment will record significant expansion from 2024 to 2032, owing to their assistance in managing and smoothing out fluctuations in power supply for protecting sensitive electronic components on the train. As metro systems have limited space, traction transformers are designed to be compact and lightweight, fitting within the constrained spaces of metro vehicles while providing the necessary power conversion.
Regionally, the Europe traction transformer industry size is projected to witness substantial CAGR between 2024 and 2032 owing to the push towards greener transportation solutions on account of the greater emphasis on eco-friendly systems. Governments across the region are investing heavily on electrifying the existing rail networks to reduce carbon emissions and improve energy efficiency. The rapid expansion of metros, trams, and light rail systems in urban areas to address congestion and provide efficient public transportation solutions will favor the regional product demand.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing demand for electrified rail transport
- 3.8.1.2 Urbanization and infrastructure development
- 3.8.1.3 Government initiatives and investments
- 3.8.1.4 Growth in high-speed rail networks
- 3.8.1.5 Renewal and upgradation of existing rail networks
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial investment and maintenance costs
- 3.8.2.2 Supply-chain disruptions
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million)
- 5.1 Alternative current (AC) traction transformer
- 5.2 Direct current (DC) traction transformer
Chapter 6 Market estimates & forecast, By Mounting Position, 2021 - 2032 (USD Million)
- 6.1 Over the roof
- 6.2 Machine room
- 6.3 Under the floor
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2032 (USD Million)
- 7.1 Electric locomotives
- 7.2 Metros
- 7.3 High-speed trains
- 7.4 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 ABB
- 9.2 GE Vernova
- 9.3 Hirect
- 9.4 Hitachi Energy Ltd.
- 9.5 International Electric Co., Ltd.
- 9.6 JST Transformateurs
- 9.7 Mitsubishi Electric Corporation
- 9.8 Schneider Electric
- 9.9 Siemens AG
- 9.10 SPX Technologies
- 9.11 Toshiba Corporation
- 9.12 Wilson Transformers
- 9.13 ZARCO REALTIES PRIVATE LIMITED
