Market Overview:
The global electric traction system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the electric traction system market can be attributed to the increasing demand for electric vehicles and railways across the globe. Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market. The direct current supply segment is expected to grow at a higher CAGR than the alternating current supply segment during the forecast period. This can be attributed to factors such as lower installation and maintenance costs associated with direct current systems as compared with alternating current systems, and rising demand for high-voltage direct-current (HVDC) transmission systems.
Product Definition:
Electric Traction System is a system which uses electric power to move trains and other vehicles. Electric Traction System is important because it helps us move trains and other vehicles.
Alternating Current Supply:
Alternating current supply (ACS) is a method of generating electric power. It is also known as sinusoidal current and waveform. Sinusoidal means that the electricity flow has the same shape as a function (a graph). The most common form of alternating current supply used in traction systems is the three-phase system which provides 45 degrees between high voltage and low voltage.
Direct Current Supply:
Direct current supply is a type of electric traction system used in rail vehicles such as locomotives and rolling stock to provide power to the vehicle's motors. The term DCS generally refers to two-rail systems, which are also known as single-ended or conventional systems.
Application Insights:
The railway application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electric traction systems in railways, particularly on high-speed rail lines that are built at a considerable height above sea level where conventional diesel-powered locomotives cannot operate. Moreover, governments around the world are investing significantly in expanding their railway infrastructure which will further propel demand over the coming years.
In addition, growing urbanization along with rising disposable income levels among developing countries has resulted in an increased number of passengers traveling by train and this trend is expected to continue over the next few years thus driving industry growth across regions worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing government investments in infrastructure development and rising demand for electric traction systems from countries, such as China, India, Japan, South Korea and Taiwan. Moreover, growing adoption of electric trains/trams by citizens in major cities of these countries is anticipated to drive regional market growth over the forecast period.
The European region accounted for a significant share owing to early adoption of electric traction system technology across several railroads in Europe. However, stringent regulations regarding emission control are expected to pose a challenge for industry participants over the next eight years. North America region accounted for approximately 20% revenue share in 2016 on account of high awareness regarding environment-friendly technologies among consumers and policy support from U.S.
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 20% during the forecast period. This would lead to an increase in the demand for electric traction systems.
- Government initiatives and subsidies: Governments across the globe are promoting the use of electric vehicles through various initiatives and subsidies, which is expected to drive the growth of the electric traction system market.
- Technological advancements: The development of new technologies such as high-voltage direct current (HVDC) transmission has led to an increase in efficiency and reduced costs, thereby driving the growth of this market.
- Rising awareness about environment-friendly transportation options: There is a growing awareness among consumers about environment-friendly transportation options, which is resulting in an increased adoption of electric vehicles, thereby propelling the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Traction System Market Research Report
By Type
Alternating Current Supply, Direct Current Supply
By Application
Railways, Automotive, Oil & Gas, Power Engineering/Electrical Engineering, Mining
By Companies
ABB, Alstom, Siemens, Voith GmbH, Koncar, Mitsubishi Electric Corporation, Delphi Automotive LLP, Curtiss-Wright Corporation, Prodrive Technologies, Toshiba Corporation, General Electric, CG Power and Industrial Solutions Ltd, Bombardier Inc, American Traction Systems, VEM Group, Caterpillar Inc., TTM Rail - Transtech Melbourne Pty Ltd, Kawasaki Heavy Industries Ltd., Traktionssysteme Austria GmbH, Hyundai Rotem Company, Hitachi, Ltd., Ansaldo Signalling and Transportation Systems, Skoda Transpiration a.s., Wabtec Corporation, Schneider Electric
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Electric Traction System Market Report Segments:
The global Electric Traction System market is segmented on the basis of:
Types
Alternating Current Supply, Direct Current Supply
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Railways, Automotive, Oil & Gas, Power Engineering/Electrical Engineering, Mining
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Alstom
- Siemens
- Voith GmbH
- Koncar
- Mitsubishi Electric Corporation
- Delphi Automotive LLP
- Curtiss-Wright Corporation
- Prodrive Technologies
- Toshiba Corporation
- General Electric
- CG Power and Industrial Solutions Ltd
- Bombardier Inc
- American Traction Systems
- VEM Group
- Caterpillar Inc.
- TTM Rail - Transtech Melbourne Pty Ltd
- Kawasaki Heavy Industries Ltd.
- Traktionssysteme Austria GmbH
- Hyundai Rotem Company
- Hitachi, Ltd.
- Ansaldo Signalling and Transportation Systems
- Skoda Transpiration a.s.
- Wabtec Corporation
- Schneider Electric
Highlights of The Electric Traction System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Alternating Current Supply
- Direct Current Supply
- By Application:
- Railways
- Automotive
- Oil & Gas
- Power Engineering/Electrical Engineering
- Mining
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electric Traction System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electric traction system is a type of propulsion system that uses electricity to power vehicles. Electric motors provide the power, and the vehicles are usually connected to an electrical grid to receive their power.
Some of the key players operating in the electric traction system market are ABB, Alstom, Siemens, Voith GmbH, Koncar, Mitsubishi Electric Corporation, Delphi Automotive LLP, Curtiss-Wright Corporation, Prodrive Technologies, Toshiba Corporation, General Electric, CG Power and Industrial Solutions Ltd, Bombardier Inc, American Traction Systems, VEM Group, Caterpillar Inc., TTM Rail - Transtech Melbourne Pty Ltd, Kawasaki Heavy Industries Ltd., Traktionssysteme Austria GmbH, Hyundai Rotem Company, Hitachi, Ltd., Ansaldo Signalling and Transportation Systems, Skoda Transpiration a.s., Wabtec Corporation, Schneider Electric.
The electric traction system market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Traction System Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Electric Traction System Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Electric Traction System Market - Supply Chain
4.5. Global Electric Traction System Market Forecast
4.5.1. Electric Traction System Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Traction System Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Traction System Market Absolute $ Opportunity
5. Global Electric Traction System Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Electric Traction System Market Size and Volume Forecast by Type
5.3.1. Alternating Current Supply
5.3.2. Direct Current Supply
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Traction System Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Electric Traction System Market Size and Volume Forecast by Application
6.3.1. Railways
6.3.2. Automotive
6.3.3. Oil & Gas
6.3.4. Power Engineering/Electrical Engineering
6.3.5. Mining
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Traction System Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Electric Traction System Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Electric Traction System Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Electric Traction System Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Electric Traction System Demand Share Forecast, 2019-2026
9. North America Electric Traction System Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Electric Traction System Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Electric Traction System Market Size and Volume Forecast by Application
9.4.1. Railways
9.4.2. Automotive
9.4.3. Oil & Gas
9.4.4. Power Engineering/Electrical Engineering
9.4.5. Mining
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Traction System Market Size and Volume Forecast by Type
9.7.1. Alternating Current Supply
9.7.2. Direct Current Supply
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Electric Traction System Demand Share Forecast, 2019-2026
10. Latin America Electric Traction System Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Electric Traction System Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Electric Traction System Market Size and Volume Forecast by Application
10.4.1. Railways
10.4.2. Automotive
10.4.3. Oil & Gas
10.4.4. Power Engineering/Electrical Engineering
10.4.5. Mining
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Traction System Market Size and Volume Forecast by Type
10.7.1. Alternating Current Supply
10.7.2. Direct Current Supply
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Electric Traction System Demand Share Forecast, 2019-2026
11. Europe Electric Traction System Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Electric Traction System Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Electric Traction System Market Size and Volume Forecast by Application
11.4.1. Railways
11.4.2. Automotive
11.4.3. Oil & Gas
11.4.4. Power Engineering/Electrical Engineering
11.4.5. Mining
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Traction System Market Size and Volume Forecast by Type
11.7.1. Alternating Current Supply
11.7.2. Direct Current Supply
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Groth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Electric Traction System Demand Share, 2019-2026
12. Asia Pacific Electric Traction System Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Electric Traction System Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Electric Traction System Market Size and Volume Forecast by Application
12.4.1. Railways
12.4.2. Automotive
12.4.3. Oil & Gas
12.4.4. Power Engineering/Electrical Engineering
12.4.5. Mining
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Traction System Market Size and Volume Forecast by Type
12.7.1. Alternating Current Supply
12.7.2. Direct Current Supply
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Electric Traction System Demand Share, 2019-2026
13. Middle East & Africa Electric Traction System Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Electric Traction System Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Electric Traction System Market Size and Volume Forecast by Application
13.4.1. Railways
13.4.2. Automotive
13.4.3. Oil & Gas
13.4.4. Power Engineering/Electrical Engineering
13.4.5. Mining
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Electric Traction System Market Size and Volume Forecast by Type
13.7.1. Alternating Current Supply
13.7.2. Direct Current Supply
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Electric Traction System Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Traction System Market: Market Share Analysis
14.2. Electric Traction System Distributors and Customers
14.3. Electric Traction System Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABB
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alstom
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Voith GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Koncar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Electric Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Delphi Automotive LLP
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Curtiss-Wright Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Prodrive Technologies
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. General Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. CG Power and Industrial Solutions Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Bombardier Inc
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. American Traction Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. VEM Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Caterpillar Inc.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TTM Rail - Transtech Melbourne Pty Ltd
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Kawasaki Heavy Industries Ltd.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Traktionssysteme Austria GmbH
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Hyundai Rotem Company
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
