The global electric traction transformer market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for electric traction transformers in high-speed trains and electric locomotives, as well as the growing need for energy efficiency in these applications.
AC Electric Traction Transformer: The AC electric traction transformer segment accounted for over 50% of the total market share in 2017 and is expected to maintain its dominance throughout the forecast period due to its higher efficiency levels than DC transformers.
DC Electric Traction Transformer: The DC electric traction transformer segment accounted for over 40% of the total market share in 2017 and is expected to grow at a CAGR of 4.6%, owing to its lower cost per watt compared with AC transformers, which makes it more suitable for low-voltage applications such as streetcars or trams that require less power than high-speed trains or locomotives that require more power per unit weight than AC transformers can provide.
Some Of The Growth Factors Of This Market:
- The increasing demand for electric vehicles is a major factor driving the growth of the electric traction transformer market.
- The increasing need for power transmission and distribution in developing countries is also a major factor driving the growth of the electric traction transformer market.
- The growing need to reduce carbon emissions from power generation is also a major factor driving the growth of the electric traction transformer market.
- Increasing investments in renewable energy sources such as solar and wind are also factors that are expected to drive the growth of this market over time, as they will require more transformers to be installed at substations and on transmission lines, which will increase demand for these products over time.
Industry Growth Insights published a new data on “Electric Traction Transformer Market”. The research report is titled “Electric Traction Transformer Market research by Types (AC Electric Traction Transformer, DC Electric Traction Transformer), By Applications (High-speed Trains, Electric Locomotives, Others), By Players/Companies ABB, Alstom, Siemens, Mitsubishi Electric, General Electric, Hitachi, JST Transformateurs, Setrans Holding, TBEA Shenyang Transformer Group Co., Ltd.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Traction Transformer Market Research Report
By Type
AC Electric Traction Transformer, DC Electric Traction Transformer
By Application
High-speed Trains, Electric Locomotives, Others
By Companies
ABB, Alstom, Siemens, Mitsubishi Electric, General Electric, Hitachi, JST Transformateurs, Setrans Holding, TBEA Shenyang Transformer Group Co., Ltd.
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Electric Traction Transformer Market Report Segments:
The global Electric Traction Transformer market is segmented on the basis of:
Types
AC Electric Traction Transformer, DC Electric Traction Transformer
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
High-speed Trains, Electric Locomotives, Others
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
- Mitsubishi Electric
- General Electric
- Hitachi
- JST Transformateurs
- Setrans Holding
- TBEA Shenyang Transformer Group Co., Ltd.
Highlights of The Electric Traction Transformer 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:
- AC Electric Traction Transformer
- DC Electric Traction Transformer
- By Application:
- High-speed Trains
- Electric Locomotives
- Others
- 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 Transformer 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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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 transformer is a device used to convert alternating current (AC) into direct current (DC). Transformers are used in power plants, substations, and other electrical equipment to provide stable and reliable power.
Some of the major companies in the electric traction transformer market are ABB, Alstom, Siemens, Mitsubishi Electric, General Electric, Hitachi, JST Transformateurs, Setrans Holding, TBEA Shenyang Transformer Group Co., Ltd..
The electric traction transformer market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Electric Traction Transformer 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 Transformer 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 Transformer Market - Supply Chain
4.5. Global Electric Traction Transformer Market Forecast
4.5.1. Electric Traction Transformer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Electric Traction Transformer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Electric Traction Transformer Market Absolute $ Opportunity
5. Global Electric Traction Transformer 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 Transformer Market Size and Volume Forecast by Type
5.3.1. AC Electric Traction Transformer
5.3.2. DC Electric Traction Transformer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Electric Traction Transformer 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 Transformer Market Size and Volume Forecast by Application
6.3.1. High-speed Trains
6.3.2. Electric Locomotives
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Electric Traction Transformer 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 Transformer 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 Transformer 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 Transformer 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 Transformer Demand Share Forecast, 2019-2026
9. North America Electric Traction Transformer 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 Transformer 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 Transformer Market Size and Volume Forecast by Application
9.4.1. High-speed Trains
9.4.2. Electric Locomotives
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Electric Traction Transformer Market Size and Volume Forecast by Type
9.7.1. AC Electric Traction Transformer
9.7.2. DC Electric Traction Transformer
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 Transformer Demand Share Forecast, 2019-2026
10. Latin America Electric Traction Transformer 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 Transformer 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 Transformer Market Size and Volume Forecast by Application
10.4.1. High-speed Trains
10.4.2. Electric Locomotives
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Electric Traction Transformer Market Size and Volume Forecast by Type
10.7.1. AC Electric Traction Transformer
10.7.2. DC Electric Traction Transformer
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 Transformer Demand Share Forecast, 2019-2026
11. Europe Electric Traction Transformer 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 Transformer 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 Transformer Market Size and Volume Forecast by Application
11.4.1. High-speed Trains
11.4.2. Electric Locomotives
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Electric Traction Transformer Market Size and Volume Forecast by Type
11.7.1. AC Electric Traction Transformer
11.7.2. DC Electric Traction Transforme
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth 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 Transformer Demand Share, 2019-2026
12. Asia Pacific Electric Traction Transformer 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 Transformer 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 Transformer Market Size and Volume Forecast by Application
12.4.1. High-speed Trains
12.4.2. Electric Locomotives
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Electric Traction Transformer Market Size and Volume Forecast by Type
12.7.1. AC Electric Traction Transformer
12.7.2. DC Electric Traction Transformer
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 Transformer Demand Share, 2019-2026
13. Middle East & Africa Electric Traction Transformer 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 Transformer 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 Transformer Market Size and Volume Forecast by Application
13.4.1. High-speed Trains
13.4.2. Electric Locomotives
13.4.3. Others
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 Transformer Market Size and Volume Forecast by Type
13.7.1. AC Electric Traction Transformer
13.7.2. DC Electric Traction Transformer
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 Transformer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Electric Traction Transformer Market: Market Share Analysis
14.2. Electric Traction Transformer Distributors and Customers
14.3. Electric Traction Transformer 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. Mitsubishi Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JST Transformateurs
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Setrans Holding
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TBEA Shenyang Transformer Group Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
