Traction Transformer Market Overview
Traction Transformer Market to grow at a CAGR of 5.13% during the forecast period 2022 - 2030 with growth of intracity railway infrastructure. The market was valued at USD 1.12 billion in 2020.
The global traction transformer market is expected to develop at a constant rate over the forecast period, owing to the expansion of various intra-city railway facilities and the upgrade of new electrical systems in rapid rolling stock. The many sorts of improvements in various transportation systems, including buses, trains, vehicles, and the most recent motorcycles, might be used for a variety of public commuting, making it simple to commute.
The latest generation metros are relatively safe and cost-effective because they operate on pre-defined and pre-specified routes, which eliminates the chance of accidents. Innovative elements have raised the demand for metros in big or prime cities around the world as a result of this. As a result, the Indian government is implementing generic intercity metro services in key metro and large cities such as Pune, Coimbatore, Surat, Kanpur, Patna, and Guwahati to alleviate traffic congestion and improve basic public transportation.
CAGR
5.13% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022-2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Type, Overhead Line Voltage, Mounting Position and Rolling Stock
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
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Market Segmentation
- Based on the type, the global traction transformer market is segmented into overhead line voltage, various mounting positions, and different rolling stock.
- Based on the division of type, the global traction transformer market has been segmented into tap changing and rectifier.
- Based on the concept of the mounting position, the global traction transformer market has been segmented into various underframes, various machine rooms, and advanced roofs.
- Based on the rolling stock, the global traction transformer market has been segmented into the latest electric locomotives, various high-speed trains, and metros.
- Based on the region, the global traction transformer market has been segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
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Regional Classification
As a result of multiple distribution channels, Asia Pacific is expected to be the largest contributor. Furthermore, due to increased investment, Australia and China are expected to rise rapidly in the Traction Transformer Markets. There has also been an increase in demand in important developing countries, such as India and China, which are expected to lead growth in various Asia-Pacific markets. Due to the presence of major global companies in this area as well as significant technological improvement, Asia Pacific is leading the Traction Transformer Markets.
Traction transformers are mostly utilized at a greater scale in the railway sector to power modern electric locomotives. Traction transformers convert electric power supplied by the main power company to a suitable voltage level for powering the train engine's different traction motors and other important auxiliaries. The basic traction transformer is designed to convert high voltage AC to low voltage DC, which is then sent directly to the rectifier to power the DC traction motors in the center.
Industry News
The Natural Cooling Effilight Traction Transformer and the RESIBLOC CRAIL 25 kV are two new traction transformers from Hitachi ABB Power Grids. Both of these devices are based on the company's successful and well-proven platforms, Effilight for liquid-filled traction transformers and RESIBLOC for dry traction transformers. These will assist customers in enhancing reliability and lowering operational costs by providing fresh, added value.
Key Players:
- CG Power and Industrial Solutions Limited (India)
- WEG (Brazil)
- Alstom (France)
- Altrafo Srl (Italy)
- Hind Rectifiers Limited (India)
- JST Group (France)
- Toshiba Corporation (Japan)
- International Electric Co Ltd (South Korea)
- Schneider Electric (France)
- Siemens (Germany)
- ABB (Switzerland)
- Mitsubishi Electric Corporation (Japan)
- Emco Limited (India)
Table Of Contents
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Landscape
5 Market Dynamics
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Global Traction Transformer Market Research Report: Information by Type (Tap Changing and Rectifier), by Overhead Line Voltage (AC System and DC System), by Mounting Position (Underframe, Machine Room and Roof), by Rolling Stock (Electric Locomotives, High-Speed Trains and Metros) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025.The new research from Ameco Research on Global Traction Transformer Market Report for 2025 intends to offer a target audience with a fresh outlook on the market and fill in the knowledge gaps with the help of processed information and opinions from industry experts.
After the entire authentication process, these reports are shared with subject matter experts (SMEs) for adding further value and to gain their insightful opinion on the research.
The global market for traction transformers is expected to increase at a steady rate during the forecast period and is mainly due to the growth of intracity railway infrastructure and upgrade of electrical systems in rolling stocks.
The different developments in transport systems buses, trains, cars, and motorbikes could be used for public commute.
Furthermore, metros are much safer for as they run on specified routes, eliminate the risk of accidents.
For instance, the Indian government is rolling out intracity metro services in the cities including Pune, Coimbatore, Surat, Kanpur, Patna, and Guwahati to help reduce traffic congestions and improve public transport.
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The major manufacturers covered in this reportABBAlstomSIEMENSMITSUBISHI ELECTRICSETRANS HOLDINGJST-transformersEmcoCSRCNRKeda Electric Machinery Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa) On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Core Type Traction TransformerShell Type Traction Transformer By Application, the market can be split into Electric LocomotivesHigh Speed TrainsElectric Multiple Units (Emus)Trams The Report covers in-depth analysis as follows:Chapter 1 Industry Overview of Rolling Stock Traction TransformerChapter 2 Manufacturing Cost Structure Analysis of Rolling Stock Traction TransformerChapter 3 Technical Data and Manufacturing Plants Analysis of Rolling Stock Traction TransformerChapter 4 Global Rolling Stock Traction Transformer Overall Market OverviewChapter 5 Rolling Stock Traction Transformer Regional Market AnalysisChapter 6 Global 2013-2018E Rolling Stock Traction Transformer Segment Market Analysis (by Type)Chapter 7 Global 2013-2018E Rolling Stock Traction Transformer Segment Market Analysis (by Application)Chapter 8 Major Manufacturers Analysis of Rolling Stock Traction TransformerChapter 9 Development Trend of Analysis of Rolling Stock Traction Transformer MarketChapter 10 Rolling Stock Traction Transformer Marketing Type AnalysisChapter 11 Consumers Analysis of Rolling Stock Traction TransformerChapter 12 Conclusion of the Global Rolling Stock Traction Transformer Market Professional Survey Report 2017 Buy this report@ https://www.upmarketresearch.com/buy/rolling-stock-traction-transformer-market “Global Rolling Stock Traction Transformer Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
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