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PUBLISHER: IMARC | PRODUCT CODE: 1519824
PUBLISHER: IMARC | PRODUCT CODE: 1519824
Traction Transformers Market Report by Type, Rolling Stock, Mounting Position, Overhead Line Voltage (Alternative Current Systems, Direct Current Systems), and Region 2024-2032
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PAGES: 142 Pages
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The global traction transformers market size reached US$ 749.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,150.8 Million by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
A traction transformer is an electronic device that transfers energy from one circuit to another through electromagnetic induction. It is a crucial component of the electric traction mechanism, which consists of direct current (DC) and alternating current (AC) systems. It is commonly used in high-speed and passenger trains, locomotives, trams and metro rails. The device is mounted inside the machine room of the locomotive, on top or under the roof to obtain maximum reliability and flexibility of multiphase and single systems. In comparison to traditionally used variants, traction transformers significantly aid in reducing operating costs, are lightweight and can provide higher power output.
The growth of the high-speed rail sector and significant advancements in railway infrastructure are among the key factors driving the growth of the market. Furthermore, the rapid electrification of rail networks is expected to increase the demand for traction transformers across the globe. The governments of emerging nations are implementing favorable policies to improve the existing transportation facilities and optimize rail systems. Widespread adoption of traction transformers in both traditional and next-generation locomotives to support faster-commuting networks, the rapidly increasing number of passengers and diversifying travel routes are further driving the product demand. In addition to this, growing awareness regarding the utilization of energy-efficient products for reducing the environmental damage caused by outdated technologies is resulting in the increasing adoption of AC transformers worldwide. Also, since these transformers are not dependent on conventional sources of energy, such as crude oil and coal, they offer an eco-friendly and convenient solution. Other factors, including innovations to develop equipment with minimal noise, carbon emissions, power losses and operating costs, are projected to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global traction transformers market report, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, rolling stock, mounting position and overhead line voltage.
Breakup by Type:
Tap Changing
Tapped
Rectifier
Breakup by Rolling Stock:
Electric Locomotives
High-Speed Trains
Metros
Others
Breakup by Mounting Position:
Underframe
Machine Room
Roof
Breakup by Overhead Line Voltage:
Alternative Current (AC) Systems
Direct Current (DC) Systems
Breakup by Region:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB Limited, Alstom Holdings, EMCO Limited, Hind Rectifiers Limited, International Electric Corporation Limited, JST Transformateurs, Schneider Electric SA, Setrans Holding AS, Siemens Aktiengesellschaft, and Wilson Transformer Company, etc.
Key Questions Answered in This Report:
- How has the global traction transformers market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global traction transformers market?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the rolling stock?
- What is the breakup of the market based on the mounting position?
- What is the breakup of the market based on the overhead line voltage?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global traction transformers market and who are the key players?
- What is the degree of competition in the market?
Product Code: SR112024A1906
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Traction Transformers Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact Of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Tap Changing
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Tapped
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Rectifier
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Rolling Stock
- 7.1 Electric Locomotives
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 High-Speed Trains
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Metros
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Mounting Position
- 8.1 Underframe
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Machine Room
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Roof
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Overhead Line Voltage
- 9.1 Alternative Current (AC) Systems
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Direct Current (DC) Systems
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Europe
- 10.2.1 Germany
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 France
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 United Kingdom
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 Italy
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Spain
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Russia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 Germany
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 Japan
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 India
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 South Korea
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Australia
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Indonesia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 China
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 ABB Limited
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 Alstom Holdings
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 EMCO Limited
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Hind Rectifiers Limited
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.4.4 SWOT Analysis
- 15.3.5 International Electric Corporation Limited
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 JST Transformateurs
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 Schneider Electric SA
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.7.4 SWOT Analysis
- 15.3.8 Setrans Holding AS
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 Siemens Aktiengesellschaft
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.9.4 SWOT Analysis
- 15.3.10 Wilson Transformer Company
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.1 ABB Limited
Product Code: SR112024A1906
List of Figures
- Figure 1: Global: Traction Transformers Market: Major Drivers and Challenges
- Figure 2: Global: Traction Transformers Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Traction Transformers Market: Breakup by Type (in %), 2023
- Figure 4: Global: Traction Transformers Market: Breakup by Rolling Stock (in %), 2023
- Figure 5: Global: Traction Transformers Market: Breakup by Mounting Position (in %), 2023
- Figure 6: Global: Traction Transformers Market: Breakup by Overhead Line Voltage (in %), 2023
- Figure 7: Global: Traction Transformers Market: Breakup by Region (in %), 2023
- Figure 8: Global: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Traction Transformers (Tap Changing) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Traction Transformers (Tap Changing) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Traction Transformers (Tapped) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Traction Transformers (Tapped) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Traction Transformers (Rectifier) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Traction Transformers (Rectifier) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Traction Transformers (Electric Locomotives) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Traction Transformers (Electric Locomotives) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Traction Transformers (High-Speed Trains) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Traction Transformers (High-Speed Trains) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Traction Transformers (Metros) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Traction Transformers (Metros) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Traction Transformers (Other Rolling Stocks) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Traction Transformers (Other Rolling Stocks) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Traction Transformers (Underframe) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Traction Transformers (Underframe) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Traction Transformers (Machine Room) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Traction Transformers (Machine Room) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Traction Transformers (Roof) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Traction Transformers (Roof) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Traction Transformers (Alternative Current Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Traction Transformers (Alternative Current Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Traction Transformers (Direct Current Systems) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Traction Transformers (Direct Current Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: North America: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: North America: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: United States: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: United States: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Canada: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Canada: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: Europe: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: Europe: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Germany: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Germany: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: France: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: France: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: United Kingdom: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: United Kingdom: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Italy: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Italy: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Spain: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Spain: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: Russia: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: Russia: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: Others: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: Others: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Asia Pacific: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Asia Pacific: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: China: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: China: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Japan: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Japan: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: India: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: India: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: South Korea: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: South Korea: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Australia: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Australia: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Indonesia: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Indonesia: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Latin America: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Latin America: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Brazil: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Brazil: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Mexico: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Mexico: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Others: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Others: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Middle East and Africa: Traction Transformers Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Middle East and Africa: Traction Transformers Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Global: Traction Transformers Industry: SWOT Analysis
- Figure 82: Global: Traction Transformers Industry: Value Chain Analysis
- Figure 83: Global: Traction Transformers Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Traction Transformers Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Traction Transformers Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Traction Transformers Market Forecast: Breakup by Rolling Stock (in Million US$), 2024-2032
- Table 4: Global: Traction Transformers Market Forecast: Breakup by Mounting Position (in Million US$), 2024-2032
- Table 5: Global: Traction Transformers Market Forecast: Breakup by Overhead Line Voltage (in Million US$), 2024-2032
- Table 6: Global: Traction Transformers Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Traction Transformers Market: Competitive Structure
- Table 8: Global: Traction Transformers Market: Key Players
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