The global traction transformers market is currently witnessing a healthy growth. 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awareness regarding the utilization of energy-efficient products for reducing the environmental damage caused by outdated technologies is resulting in the increasing adoption of AC transformers worldwide.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. Looking forward, IMARC Group expects the market to expand at a CAGR of 4.5% during 2020-2025.
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
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being ABB Ltd., Alstom SA, EMCO Limited, Hind Rectifiers Ltd., International Electric Co., Ltd., JST Transformateurs, Schneider Electric SA, Setrans Holding AS, Siemens AG, Wilson Transformer Company, etc.
Key Questions Answered in This Report:
- How has the global traction transformer market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- 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 transformer market and who are the key players?
- What is the degree of competition in the market?
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 Transformer Market
5.1 Market Overview
5.2 Market Performance
5.3 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
10.2 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
10.3 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
10.4 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
10.5 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 Indicators
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Ltd.
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 SA
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 Co., Ltd.
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 AG
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
List of Figures
Figure 1: Global: Traction Transformer Market: Major Drivers and Challenges
Figure 2: Global: Traction Transformer Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Traction Transformer Market: Breakup by Type (in %), 2019
Figure 4: Global: Traction Transformer Market: Breakup by Rolling Stock (in %), 2019
Figure 5: Global: Traction Transformer Market: Breakup by Mounting Position (in %), 2019
Figure 6: Global: Traction Transformer Market: Breakup by Overhead Line Voltage (in %), 2019
Figure 7: Global: Traction Transformer Market: Breakup by Region (in %), 2019
Figure 8: Global: Traction Transformer Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Traction Transformer (Tap Changing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Traction Transformer (Tap Changing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Traction Transformer (Tapped) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Traction Transformer (Tapped) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Traction Transformer (Rectifier) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Traction Transformer (Rectifier) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Traction Transformer (Electric Locomotives) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Traction Transformer (Electric Locomotives) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Traction Transformer (High-Speed Trains) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Traction Transformer (High-Speed Trains) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Traction Transformer (Metros) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Traction Transformer (Metros) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Traction Transformer (Other Rolling Stocks) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Traction Transformer (Other Rolling Stocks) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Traction Transformer (Underframe) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Traction Transformer (Underframe) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Traction Transformer (Machine Room) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Traction Transformer (Machine Room) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Traction Transformer (Roof) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Traction Transformer (Roof) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Traction Transformer (Alternative Current Systems) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Traction Transformer (Alternative Current Systems) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Traction Transformer (Direct Current Systems) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Traction Transformer (Direct Current Systems) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: North America: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: North America: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: United States: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: United States: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Canada: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Canada: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Europe: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Europe: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Germany: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Germany: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: France: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: France: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: United Kingdom: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: United Kingdom: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Italy: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Italy: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Spain: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Spain: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: Russia: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: Russia: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: Others: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: Others: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Asia Pacific: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Asia Pacific: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: China: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: China: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Japan: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Japan: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: India: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: India: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: South Korea: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: South Korea: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: Australia: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: Australia: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: Indonesia: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: Indonesia: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Others: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Others: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Latin America: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Latin America: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Brazil: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Brazil: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Mexico: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Mexico: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Others: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Others: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Middle East and Africa: Traction Transformer Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Middle East and Africa: Traction Transformer Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Global: Traction Transformer Industry: SWOT Analysis
Figure 82: Global: Traction Transformer Industry: Value Chain Analysis
Figure 83: Global: Traction Transformer Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Traction Transformer Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Traction Transformer Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Traction Transformer Market Forecast: Breakup by Rolling Stock (in Million US$), 2020-2025
Table 4: Global: Traction Transformer Market Forecast: Breakup by Mounting Position (in Million US$), 2020-2025
Table 5: Global: Traction Transformer Market Forecast: Breakup by Overhead Line Voltage (in Million US$), 2020-2025
Table 6: Global: Traction Transformer Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Traction Transformer Market: Competitive Structure
Table 8: Global: Traction Transformer Market: Key Players