The global traction transformer market size is expected to be worth around US$ 927.1 million by 2030, according to a new report by Vision Research Reports.
The global traction transformer market size was valued at US$ 694.0 million in 2020 and is anticipated to grow at a CAGR of 6.9% during forecast period 2021 to 2030.
|Market Size||US$ 927.1 Mn by 2030|
|Growth Rate||CAGR of 6.9% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Voltage Network, Mounting Position, Rolling Stock|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||ABB, Alstom, Siemens, and EMCO Limited|
The promising pace of development of rail infrastructure in several countries across the globe and an increase in the demand for faster commuting networks have helped the market gain momentum over the years.
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.
By Voltage Network Analysis
Based on the voltage network, traction transformers are primarily categorized into two types, namely AC and DC. In 2018, AC systems represented approximately 69.0% of the overall revenue. They are also likely to post a higher CAGR during the forecast period.
By Mounting Position Analysis
Based on the mounting position, the global traction transformer market has been categorized into over the roof, machine room, and under the floor. Under the floor and machine room categories represented a cumulative share of over 86.0% in terms of revenue in 2020.
Equipment installed in machine rooms offers maximum reliability and flexibility in multi-phase rail systems. Soaring use of machine room traction systems in electric locomotives and high-speed trains is projected to supplement the growth of the segment over the forecast period.
By Rolling Stock Analysis
electric locomotives were the most prominent rolling stock segment in the market. The segment will continue to dominate the market, accounting for 71.0% of the overall revenue by 2030. As railway infrastructure is continually evolving across the globe, electric locomotives are replacing diesel and steam locomotives.
The railway sector is increasingly shifting towards novel technologies and cleaner and faster machines. This trend is anticipated to result in an improved scope of demand for traction transformers in the electric locomotives segment over the forecast period. These transformers also find high adoption in high-speed trains
By Regional Analysis
Europe and the Asia Pacific, collectively, held more than 60.0% of the overall revenue. The market in Europe is mature, with early implementation of most of the recent technological advancements observed in rail traction systems.
The rail infrastructure in emerging and developed economies across the two regions has witnessed the advent of high-speed and metro railways over the years, thanks to the steady electrification of national railroads.
Countries including Japan, Switzerland, Belgium, and the Netherlands are at the forefront of electrified urban rapid-transit rail systems implementation.
ABB, Alstom, Siemens, and EMCO Limited
By Voltage Network
Alternative Current (AC) systems
Direct Current (DC) systems
By Mounting Position
Over the Roof
Under the Floor
By Rolling Stock
Middle East & Africa
The Traction Transformer market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Traction Transformer market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Traction Transformer market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Traction Transformer market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Traction Transformer market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Traction Transformer capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Traction Transformer by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Traction Transformer market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Traction Transformer market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Traction Transformer market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Traction Transformer industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Traction Transformer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Traction Transformer market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Traction Transformer market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Traction Transformer market. These factors have benefited the growth of the global market for Traction Transformer. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Traction Transformer. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Traction Transformer are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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