Product Code: GVR-3-68038-046-0
Traction Transformer Market Growth & Trends:
The global traction transformer market size is expected to reach USD 1.99 billion by 2030, according to a study by Grand View Research, Inc., progressing at a CAGR of 6.5from 2023 to 2030 Fast pace of modern lives and surging demand for high-speed commute options are promoting several changes in rail infrastructure across the globe, including shift to technologically advanced electric locomotives. This trend is anticipated to provide a significant push to the market over the forecast period.
Furthermore, favorable government initiatives, including introduction of various policies, funding for high-speed locomotives, and implementation of safer technologies in trains, are leading to positive developments in the global rail infrastructure sector. Increasing expenditure on comfortable and convenient traveling are also encouraging several developments in rail infrastructures worldwide. These transformations are likely to result in greater demand for traction transformers in the next few years.
Growing environmental concerns regarding power consumption, costly and unsafe locomotives, noise pollution, and dependence on crude oils are impelling adoption of traction systems. Furthermore, expansion of rail transport networks for better traffic management, saving time required for commute, and providing cost-efficient services are stirring up their demand in rail systems globally.
Worldwide, rising number of rail projects is translating into increased adoption and implementation of traction transformers on a large scale. Presence of a limited number of market players offering these products has resulted in fierce competition. Resultant concentration of projects and revenue in hands of a select few companies, which often results in risk of efficiently managing supply and demand, can challenge the growth of the market over the forecast period.
Traction Transformer Market Report Highlights:
- Traction transformers provide several benefits over conventional fossil-fuel based traction systems, including rapid acceleration, space availability, cost-efficiency, light-weight, and low power consumption
- Based on voltage network, the alternative current (AC) systems segment held the largest market share in 2022. The demand for AC traction systems is driven by increased adoption of electric locomotives for long-distance travel routes
- Based on mounting position, the machine room segment is poised to exhibit a CAGR of 7.5% over the forecast period. The growth of the segment can be attributed to maximum flexibility and low maintenance offered by equipment mounted in machine rooms
- Based on rolling stock, the electric locomotives segment commanded the highest revenue share in 2022. Upswing in the demand for electrified rail systems has played a pivotal role in high demand for electrical locomotives over the years
- Asia Pacific dominated the market and accounted for the largest revenue share of 31.3% in 2022 and is expected to grow at the fastest CAGR over the forecast period
- These market players are engaged in offering differentiated product portfolio and in entering private-public partnerships to withstand competition. For instance, recently ABB was awarded contracts by governing bodies for the development of metro infrastructure across major metropolitan cities.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Voltage network
- 1.1.2. Mounting position
- 1.1.3. Rolling stock
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Voltage network outlook
- 2.2.2. Mounting position outlook
- 2.2.3. Rolling stock outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Traction Transformer Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market driver analysis
- 3.3.2. Market restraint analysis
- 3.3.3. Market opportunity analysis
- 3.4. Traction Transformer Market Analysis Tools
- 3.4.1. Industry Analysis - Porter's
- 3.4.1.1. Supplier power
- 3.4.1.2. Buyer power
- 3.4.1.3. Substitution threat
- 3.4.1.4. Threat of new entrant
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Technological landscape
- 3.4.2.3. Economic landscape
Chapter 4. Traction Transformer Market: Voltage Network Estimates & Trend Analysis
- 4.1. Traction Transformer Market: Key Takeaways
- 4.2. Traction Transformer Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Alternative Current (AC) Systems
- 4.3.1. Alternative current (AC) systems market estimates and forecasts, 2017 to 2030 (USD Million)
- 4.4. Direct Current (DC) systems
- 4.4.1. Direct current (DC) systems market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 5. Traction Transformer Market : Mounting Position Estimates & Trend Analysis
- 5.1. Traction Transformer Market: Key Takeaways
- 5.2. Traction Transformer Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Over the Roof
- 5.3.1. Over the roof market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.4. Machine Room
- 5.4.1. Machine room market estimates and forecasts, 2017 to 2030 (USD Million)
- 5.5. Under the Floor
- 5.5.1. Under the floor market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 6. Traction Transformer Market : Rolling Stock Estimates & Trend Analysis
- 6.1. Traction Transformer Market: Key Takeaways
- 6.2. Traction Transformer Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Electric Locomotives
- 6.3.1. Electric locomotives market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.4. Metros
- 6.4.1. Metros market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.5. High-speed Trains
- 6.5.1. High-speed trains market estimates and forecasts, 2017 to 2030 (USD Million)
- 6.6. Others
- 6.6.1. Others market estimates and forecasts, 2017 to 2030 (USD Million)
Chapter 7. Traction Transformer Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Traction Transformer Market by Region: Key Takeaway
- 7.3. North America
- 7.3.1. North America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. U.S. market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Canada market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4. Europe
- 7.4.1. Europe market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.2. UK
- 7.4.2.1. UK market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.3. Germany
- 7.4.3.1. Germany market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.4.4. France
- 7.4.4.1. France market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. Asia Pacific Market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.2. Japan
- 7.5.2.1. Japan market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.3. China
- 7.5.3.1. China market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.4. India
- 7.5.4.1. India market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.5. Australia
- 7.5.5.1. Australia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.5.6. South Korea
- 7.5.6.1. South Korea market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Latin America market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6.2. Brazil
- 7.6.2.1. Brazil market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.6.3. Mexico
- 7.6.3.1. Mexico market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7. MEA
- 7.7.1. MEA market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.2. Saudi Arabia
- 7.7.2.1. Saudi Arabia market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.3. South Africa
- 7.7.3.1. Saudi Africa market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
- 7.7.4. UAE
- 7.7.4.1. UAE market estimates and forecasts, 2017 to 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. ABB
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. Siemens
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. JST Transformateurs
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. ZARCO REALTIES PRIVATE LIMITED
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. Hirect
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. International Electric Co., Ltd.
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Mitsubishi Electric Corporation
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. Schneider Electric
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Wilson Transformers
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. Setrans Holding AS
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives