Traction Transformers Market

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awareness regarding the utilization of energy-efficient products for reducing the environmental damage caused by outdated technologies is resulting in the increasing adoption of AC transformers worldwide.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
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• 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