Global Traction Transformer Market Size study & Forecast, by Voltage Network (Alternative Current systems, Direct Current systems) By Mounting Position By Rolling Stock and Regional Analysis, 2023-2030

Description

List of Tables

Global Traction Transformer Market is valued approximately USD 719.26 million in 2022 and is anticipated to grow with a healthy growth rate of more than 4.90% over the forecast period 2023-2030. A traction transformer is an electrical device used in electric rail systems, such as electric locomotives, trams, and electric multiple units, to convert the high-voltage power from the overhead catenary into the lower voltage required by the traction motors. It is a critical component in the power supply system of electric trains, enabling the efficient and reliable transfer of electrical energy. The Traction Transformer market is expanding because of factors such as growing rail network and increasing number of locomotives. The primary function of a traction transformer is to step down the high-voltage AC power from the grid or power distribution system to a lower voltage suitable for the traction motors. Its importance has progressively increased during the forecast period 2023-2030.

According to Statista, in 2021 the United States rail system stretched across almost 149,000 km, making it the largest network in the world, followed by the Chinese rail network, which encompasses approx. 110,000 rail kilometers. These Railroads include railway routes that are open for public passenger and freight services and exclude dedicated private resource railways and parallel tracks. Furthermore, in 2022, the length of railway routes across India was over 68 thousand kilometers. The railway network in India was one of the largest in the world. Indian Railways has over 12 thousand passenger trains and over 7 thousand freight trains commuting daily. Another important factor that drives the Traction Transformer market is the increasing number of locomotives. Traction transformer locomotives are a type of locomotive that uses electricity as its primary power source. Traction transformer locomotives offer several advantages over traditional diesel locomotives. They are more energy-efficient since they are enabled with regenerative braking system, which helps to reduce energy consumption and decrease overall operational costs. In addition, as per Statista, the global locomotive rolling stock market is projected to reach up to USD 8 billion by 2027, with a compound annual growth rate of about 3%. Moreover, surge in demand for metro railways and rising government initiatives for advanced railway infrastructure is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, complexity in design standards stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Traction Transformer Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the rising government investments and favorable regulations aimed at establishing advanced railway infrastructure. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as expanding railway network infrastructure and active participation of public and private governing organizations.

Major market player included in this report are:

Hitachi ABB Power Grids Ltd
Siemens AG
Toshiba Corporation
Mitsubishi Electric Corporation
SPX Transformer Solutions Inc
MGM Transformer Company
Neeltran Inc
Altrafo Srl
Alstom SA
JST Transformers Group

Recent Developments in the Market:

In June 2022, The Singapore Land Transport Authority has awarded a contract to a consortium led by Siemens Mobility, which includes Concord Corporation Pte Ltd., for the design, supply, testing, and commissioning of the power supply system for the upcoming Jurong Region Line. The system will be designed to be upgradeable, using industry-standard interfaces for connecting power supply and signalling.

Global Traction Transformer Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Voltage Network, Mounting Position, Rolling Stock, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Voltage Network

Alternative Current (AC) systems
Direct Current (DC) systems

By Mounting Position

Over the Roof
Machine Room
Under the Floor

By Rolling Stock

Electric locomotives
Metros
High-speed trains
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1. Traction Transformer Market, by Region, 2020-2030 (USD Million)
- 1.2.2. Traction Transformer Market, by Voltage Network, 2020-2030 (USD Million)
- 1.2.3. Traction Transformer Market, by Mounting Position, 2020-2030 (USD Million)
- 1.2.4. Traction Transformer Market, by Rolling Stock, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Traction Transformer Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Traction Transformer Market Dynamics

3.1. Traction Transformer Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Growing rail network
  - 3.1.1.2. Increasing number of locomotives
- 3.1.2. Market Challenges
  - 3.1.2.1. Complexity in design standards
- 3.1.3. Market Opportunities
  - 3.1.3.1. Surge in demand for metro railways
  - 3.1.3.2. Rising government initiatives for advanced railway infrastructure

Chapter 4. Global Traction Transformer Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Traction Transformer Market, by Voltage Network

5.1. Market Snapshot
5.2. Global Traction Transformer Market by Voltage Network, Performance - Potential Analysis
5.3. Global Traction Transformer Market Estimates & Forecasts by Voltage Network 2020-2030 (USD Million)
5.4. Traction Transformer Market, Sub Segment Analysis
- 5.4.1. Alternative Current (AC) systems
- 5.4.2. Direct Current (DC) systems

Chapter 6. Global Traction Transformer Market, by Mounting Position

6.1. Market Snapshot
6.2. Global Traction Transformer Market by Mounting Position, Performance - Potential Analysis
6.3. Global Traction Transformer Market Estimates & Forecasts by Mounting Position 2020-2030 (USD Million)
6.4. Traction Transformer Market, Sub Segment Analysis
- 6.4.1. Over the Roof
- 6.4.2. Machine Room
- 6.4.3. Under the Floor

Chapter 7. Global Traction Transformer Market, by Rolling Stock

7.1. Market Snapshot
7.2. Global Traction Transformer Market by Rolling Stock, Performance - Potential Analysis
7.3. Global Traction Transformer Market Estimates & Forecasts by Rolling Stock 2020-2030 (USD Million)
7.4. Traction Transformer Market, Sub Segment Analysis
- 7.4.1. Electric locomotives
- 7.4.2. Metros
- 7.4.3. High-speed trains
- 7.4.4. Others

Chapter 8. Global Traction Transformer Market, Regional Analysis

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Traction Transformer Market, Regional Market Snapshot
8.4. North America Traction Transformer Market
- 8.4.1. U.S. Traction Transformer Market
  - 8.4.1.1. Voltage Network breakdown estimates & forecasts, 2020-2030
  - 8.4.1.2. Mounting Position breakdown estimates & forecasts, 2020-2030
  - 8.4.1.3. Rolling Stock breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Traction Transformer Market
8.5. Europe Traction Transformer Market Snapshot
- 8.5.1. U.K. Traction Transformer Market
- 8.5.2. Germany Traction Transformer Market
- 8.5.3. France Traction Transformer Market
- 8.5.4. Spain Traction Transformer Market
- 8.5.5. Italy Traction Transformer Market
- 8.5.6. Rest of Europe Traction Transformer Market
8.6. Asia-Pacific Traction Transformer Market Snapshot
- 8.6.1. China Traction Transformer Market
- 8.6.2. India Traction Transformer Market
- 8.6.3. Japan Traction Transformer Market
- 8.6.4. Australia Traction Transformer Market
- 8.6.5. South Korea Traction Transformer Market
- 8.6.6. Rest of Asia Pacific Traction Transformer Market
8.7. Latin America Traction Transformer Market Snapshot
- 8.7.1. Brazil Traction Transformer Market
- 8.7.2. Mexico Traction Transformer Market
8.8. Middle East & Africa Traction Transformer Market
- 8.8.1. Saudi Arabia Traction Transformer Market
- 8.8.2. South Africa Traction Transformer Market
- 8.8.3. Rest of Middle East & Africa Traction Transformer Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Hitachi ABB Power Grids Ltd
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Recent Developments
- 9.3.2. Siemens AG
- 9.3.3. Toshiba Corporation
- 9.3.4. Mitsubishi Electric Corporation
- 9.3.5. SPX Transformer Solutions Inc
- 9.3.6. MGM Transformer Company
- 9.3.7. Neeltran Inc
- 9.3.8. Altrafo Srl
- 9.3.9. Alstom SA
- 9.3.10. JST Transformers Group

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Traction Transformer Market, report scope
TABLE 2. Global Traction Transformer Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global Traction Transformer Market estimates & forecasts by Voltage Network 2020-2030 (USD Million)
TABLE 4. Global Traction Transformer Market estimates & forecasts by Mounting Position 2020-2030 (USD Million)
TABLE 5. Global Traction Transformer Market estimates & forecasts by Rolling Stock 2020-2030 (USD Million)
TABLE 6. Global Traction Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7. Global Traction Transformer Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global Traction Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global Traction Transformer Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global Traction Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global Traction Transformer Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global Traction Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global Traction Transformer Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global Traction Transformer Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global Traction Transformer Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. U.S. Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18. U.S. Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. Canada Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 20. Canada Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21. Canada Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. UK Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 23. UK Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24. UK Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. Germany Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 26. Germany Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27. Germany Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. France Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 29. France Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30. France Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. Italy Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 32. Italy Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33. Italy Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Spain Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 35. Spain Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36. Spain Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. RoE Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 38. RoE Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39. RoE Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. China Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 41. China Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42. China Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. India Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 44. India Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45. India Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. Japan Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 47. Japan Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48. Japan Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. South Korea Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 50. South Korea Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51. South Korea Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. Australia Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 53. Australia Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54. Australia Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. RoAPAC Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 56. RoAPAC Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57. RoAPAC Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. Brazil Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 59. Brazil Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60. Brazil Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Mexico Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 62. Mexico Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63. Mexico Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. RoLA Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 65. RoLA Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66. RoLA Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. Saudi Arabia Traction Transformer Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 68. South Africa Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69. RoMEA Traction Transformer Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Traction Transformer Market
TABLE 71. List of primary sources, used in the study of global Traction Transformer Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Traction Transformer Market, research methodology
FIG 2. Global Traction Transformer Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Traction Transformer Market, key trends 2022
FIG 5. Global Traction Transformer Market, growth prospects 2023-2030
FIG 6. Global Traction Transformer Market, porters 5 force model
FIG 7. Global Traction Transformer Market, pest analysis
FIG 8. Global Traction Transformer Market, value chain analysis
FIG 9. Global Traction Transformer Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global Traction Transformer Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global Traction Transformer Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global Traction Transformer Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global Traction Transformer Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global Traction Transformer Market, regional snapshot 2020 & 2030
FIG 15. North America Traction Transformer Market 2020 & 2030 (USD Million)
FIG 16. Europe Traction Transformer Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific Traction Transformer Market 2020 & 2030 (USD Million)
FIG 18. Latin America Traction Transformer Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa Traction Transformer Market 2020 & 2030 (USD Million)