Product Code: PM4455
The global traction transformer market size is expected to reach USD 2.24 billion by 2032, according to a new study by Polaris Market Research. The report "Traction Transformer Market Share, Size, Trends, Industry Analysis Report, By Mounting Position, By Voltage Network (AC Systems, DC Systems), By Rolling Stock (Electric Locomotives, High-Speed Trains, Metros, Others), By Region, And Segment Forecasts, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rapid pace of modern lifestyles and the increasing demand for high-speed commuting options are driving transformative changes in rail infrastructure worldwide. One notable shift is towards technologically advanced electric locomotives. This trend is expected to exert a substantial positive influence on the market during the forecast period. As the pace of life accelerates, there is a growing need for efficient and swift transportation solutions. High-speed rail travel has emerged as a response to this demand, offering passengers a faster and more time-effective mode of commuting. Electric locomotives, equipped with advanced technologies, are integral to the realization of high-speed rail networks.
The transition to electric locomotives aligns with the global emphasis on sustainability and environmental consciousness. Electric trains, compared to traditional diesel counterparts, often contribute to reduced carbon emissions and overall environmental impact. Governments and rail operators worldwide are recognizing the importance of embracing cleaner and more energy-efficient modes of transportation, further propelling the adoption of electric locomotives.
Moreover, positive strides in the global rail infrastructure sector are being propelled by favorable government initiatives. These include the introduction of various policies, substantial funding directed towards high-speed locomotives, and the implementation of safer technologies in trains. The rising expenditure on enhancing comfort and convenience in travel is further stimulating numerous developments in rail infrastructures on a global scale. These transformative changes are expected to generate increased demand for traction transformers in the coming years.
Globally, the growing number of rail projects is leading to a widespread adoption and implementation of traction transformers. However, the market is characterized by fierce competition due to the limited number of players offering these products. This has resulted in a concentration of projects and revenue in the hands of a select few companies. The concentration of projects among a limited number of players poses challenges in efficiently managing supply and demand, potentially impacting the growth of the market over the forecast period.
Increasing environmental apprehensions related to power consumption, expensive and unsafe locomotives, noise pollution, and reliance on crude oils are driving the adoption of traction systems. Moreover, the expansion of rail transport networks, aimed at enhancing traffic management, reducing commute time, and delivering cost-efficient services, is generating heightened demand for these systems in rail networks worldwide.
Traction Transformer Market Report Highlights
AC systems held the largest share, primarily due to rise in adoption of electric locomotives for long distance travels
High speed trains segment witnessed the highest growth rate, owing to rising need for safer, faster, & sustainable transport needs.
Asia pacific dominated the market, on account of rise in investments in rail and metro systems for curb urban congestion.
The key market players include ABB, Siemen, JST Transformateurs, International Electric, Mitsubishi Electric, Schneider Electric, Wilson Transformers & GE.
Polaris Market Research has segmented the Traction Transformer market report based on voltage network, mounting position, rolling stock, and region:
Traction Transformer, Voltage Network Outlook (Revenue - USD Billion, 2019 - 2032)
- Alternative Current (AC) Systems
- Direct Current (DC) Systems
Traction Transformer, Mounting Position Outlook (Revenue - USD Billion, 2019 - 2032)
- Over The Roof
- Machine Room
- Under The Floor
Traction Transformer, Rolling Stock Outlook (Revenue - USD Billion, 2019 - 2032)
- Electric Locomotives
- Metros
- High-Speed Trains
- Others
Traction Transformer, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Traction Transformer Market Insights
- 4.1. Traction Transformer Market - Rolling Stock Snapshot
- 4.2. Traction Transformer Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increase in demand for renewable sources of energy
- 4.2.1.2. Rise in demand for electricity consumption
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High initial costs
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Traction Transformer Market Rolling Stock Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Traction Transformer Market, by Voltage Network
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 5.3. Alternative Current (AC) Systems
- 5.3.1. Global Traction Transformer Market, by Alternative Current (AC) Systems, by Region, 2019-2032 (USD Billion)
- 5.4. Direct Current (DC) Systems
- 5.4.1. Global Traction Transformer Market, by Direct Current (DC) Systems, by Region, 2019-2032 (USD Billion)
6. Global Traction Transformer Market, by Mounting Position
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 6.3. Over The Roof
- 6.3.1. Global Traction Transformer Market, by Over The Roof, by Region, 2019-2032 (USD Billion)
- 6.4. Machine Room
- 6.4.1. Global Traction Transformer Market, by Machine Room, by Region, 2019-2032 (USD Billion)
- 6.5. Under The Floor
- 6.5.1. Global Traction Transformer Market, by Under The Floor, by Region, 2019-2032 (USD Billion)
7. Global Traction Transformer Market, by Rolling Stock
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 7.3. Electric Locomotives
- 7.3.1. Global Traction Transformer Market, by Electric Locomotives, By Region, 2019-2032 (USD Billion)
- 7.4. Electric Locomotives
- 7.4.1. Global Traction Transformer Market, by Electric Locomotives, By Region, 2019-2032 (USD Billion)
- 7.5. High-Speed Trains
- 7.5.1. Global Traction Transformer Market, by High-Speed Trains, By Region, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. Global Traction Transformer Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Traction Transformer Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Traction Transformer Market Assessment, By Geography, 2019-2032 (USD Billion)
- 8.3. Traction Transformer Market - North America
- 8.3.1. North America: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.3.2. North America: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.3.3. North America: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.3.4. Traction Transformer Market - U.S.
- 8.3.4.1. U.S.: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.3.4.2. U.S.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.3.4.3. U.S.: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.3.5. Traction Transformer Market - Canada
- 8.3.5.1. Canada: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.3.5.2. Canada.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.3.5.3. Canada: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4. Traction Transformer Market - Europe
- 8.4.1. Europe: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.2. Europe.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.3. Europe: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4.4. Traction Transformer Market - UK
- 8.4.4.1. UK: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.4.2. UK.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.4.3. UK: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4.5. Traction Transformer Market - France
- 8.4.5.1. France: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.5.2. France.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.5.3. France: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4.6. Traction Transformer Market - Germany
- 8.4.6.1. Germany: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.6.2. Germany.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.6.3. Germany: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4.7. Traction Transformer Market - Italy
- 8.4.7.1. Italy: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.7.2. Italy.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.7.3. Italy: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4.8. Traction Transformer Market - Spain
- 8.4.8.1. Spain: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.8.2. Spain.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.8.3. Spain: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4.9. Traction Transformer Market - Netherlands
- 8.4.9.1. Netherlands: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.9.2. Netherlands.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.9.3. Netherlands: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.4.10. Traction Transformer Market - Russia
- 8.4.10.1. Russia: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.4.10.2. Russia.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.4.10.3. Russia: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.5. Traction Transformer Market - Asia Pacific
- 8.5.1. Asia Pacific: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.5.2. Asia Pacific.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.5.3. Asia Pacific: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.5.4. Traction Transformer Market - China
- 8.5.4.1. China: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.5.4.2. China.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.5.4.3. China: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.5.5. Traction Transformer Market - India
- 8.5.5.1. India: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.5.5.2. India.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.5.5.3. India: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.5.6. Traction Transformer Market - Malaysia
- 8.5.6.1. Malaysia: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.5.6.2. Malaysia.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.5.6.3. Malaysia: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.5.7. Traction Transformer Market - Japan
- 8.5.7.1. Japan: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.5.7.2. Japan.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.5.7.3. Japan: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.5.8. Traction Transformer Market - Indonesia
- 8.5.8.1. Indonesia: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.5.8.2. Indonesia.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.5.8.3. Indonesia: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.5.9. Traction Transformer Market - South Korea
- 8.5.9.1. South Korea: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.5.9.2. South Korea.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.5.9.3. South Korea: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.6. Traction Transformer Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.6.2. Middle East & Africa.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.6.3. Middle East & Africa: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.6.4. Traction Transformer Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.6.4.3. Saudi Arabia: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.6.5. Traction Transformer Market - UAE
- 8.6.5.1. UAE: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.6.5.2. UAE.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.6.5.3. UAE: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.6.6. Traction Transformer Market - Israel
- 8.6.6.1. Israel: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.6.6.2. Israel.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.6.6.3. Israel: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.6.7. Traction Transformer Market - South Africa
- 8.6.7.1. South Africa: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.6.7.2. South Africa.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.6.7.3. South Africa: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.7. Traction Transformer Market - Latin America
- 8.7.1. Latin America: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.7.2. Latin America.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.7.3. Latin America: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.7.4. Traction Transformer Market - Mexico
- 8.7.4.1. Mexico: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.7.4.2. Mexico.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.7.4.3. Mexico: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.7.5. Traction Transformer Market - Brazil
- 8.7.5.1. Brazil: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.7.5.2. Brazil.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.7.5.3. Brazil: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
- 8.7.6. Traction Transformer Market - Argentina
- 8.7.6.1. Argentina: Traction Transformer Market, by Voltage Network, 2019-2032 (USD Billion)
- 8.7.6.2. Argentina.: Traction Transformer Market, by Rolling Stock, 2019-2032 (USD Billion)
- 8.7.6.3. Argentina: Traction Transformer Market, by Mounting Position, 2019-2032 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. ABB
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Siemens
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. JST Transformateur
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. JST Transformateur
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Hirect
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. International Electric
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Mitsubishi Electric Corporation
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Schneider Electric
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Wilson Transformers
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. GE
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Setrans Holding
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development