Market Overview:
The global rail traction transformers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric trains and rising investments in railway infrastructure across the globe. In terms of type, the single phase transformer segment is expected to hold a major share of the global rail traction transformers market during the forecast period. This can be attributed to their low cost and easy installation as compared to three phase transformers.
Product Definition:
Rail traction transformers are used to convert the voltage from a high-voltage transmission line to a lower voltage that is suitable for use by electric locomotives or trains. The transformers help ensure that the locomotives can operate reliably and efficiently, and they also provide some level of protection against electrical faults.
Single Phase Transformers:
Single-phase transformers are used to step up or step down the voltage levels of an electric current. They can be single-ended or differential, depending on the application. Single phase transformers have a winding ratio of 1:1 and produce an output power equal to that of input power. It is widely used in rail traction systems as it provides constant voltage supply to locomotives and also helps in smooth running by avoiding sudden load changes.
Three Phase Transformers:
Three phase transformers are used to step up or step down the voltage levels of electric power. They have three windings and a common core that provides electrical connections between phases. The primary function of this device is to provide an alternate route for electricity supply when single phase cannot do the job. It does this by creating a second set of 60 HZ electrical frequencies using different windings and cores, which can be connected to singlephase power sources with ease.
Application Insights:
On the roof application dominated the global rail traction transformer market in terms of revenue share in 2017. This is attributed to its ability to transform electric power into high voltage for direct utilization in locomotive engines. The under-the-floor application segment is expected to witness significant growth over the forecast period owing to its ability transform low voltage electricity into high voltage for distribution through cables within a train, thereby providing power required by various systems such as lighting, heating and air conditioning (HVAC), communication systems, and traction motors.
The machine room application segment was estimated at USD 536.3 million in 2017 on account of its usage for installing equipment that monitors.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The growth is attributed to the presence of prominent players such as Siemens AG, Alstom Grid, and General Electric with extensive distribution networks across Europe. Moreover, increasing demand for renewable energy sources is expected to drive traction transformer sales over the forecast period.
Asia Pacific is projected to witness significant growth over the next eight years owing to rising investments from governments and private companies towards electrification of remote areas coupled with adoption of renewable energy sources for electricity generation purposes. This will lead to increased demand for traction transformers across Asia Pacific region during the forecast period (2018-2030). Increasing government initiatives aimed at development of electric vehicles are also anticipated fuel regional product demand during the same period.
Growth Factors:
- Increasing demand for electric vehicles
- Growing urbanization and industrialization
- Stringent government regulations for environment protection
- Technological advancements in rail traction transformer design and manufacturing process
- Rising disposable income of consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Traction Transformers Market Research Report
By Type
Single Phase Transformers, Three Phase Transformers, Others
By Application
On the Roof, Under the Floor, Machine Room
By Companies
Alstom SA. (France), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Emco Ltd. (India), Hind Rectifiers Ltd. (India), JST Transformateurs (France), International Electric Co. Ltd. (Korea), Siemens AG (Germany), Wilson Transformer Company (Australia), Setrans Holding AS (France), Alstom SA. (France)
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Rail Traction Transformers Market Report Segments:
The global Rail Traction Transformers market is segmented on the basis of:
Types
Single Phase Transformers, Three Phase Transformers, Others
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
On the Roof, Under the Floor, Machine Room
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:
- Alstom SA. (France)
- ABB Ltd. (Switzerland)
- Mitsubishi Electric Corporation (Japan)
- Emco Ltd. (India)
- Hind Rectifiers Ltd. (India)
- JST Transformateurs (France)
- International Electric Co. Ltd. (Korea)
- Siemens AG (Germany)
- Wilson Transformer Company (Australia)
- Setrans Holding AS (France)
- Alstom SA. (France)
Highlights of The Rail Traction Transformers 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:
- Single Phase Transformers
- Three Phase Transformers
- Others
- By Application:
- On the Roof
- Under the Floor
- Machine Room
- 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 Rail Traction Transformers 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Rail traction transformers are used to convert the direct current (DC) from a locomotive's electric motor into alternating current (AC) that can be used by other equipment on the railroad.
Some of the key players operating in the rail traction transformers market are Alstom SA. (France), ABB Ltd. (Switzerland), Mitsubishi Electric Corporation (Japan), Emco Ltd. (India), Hind Rectifiers Ltd. (India), JST Transformateurs (France), International Electric Co. Ltd. (Korea), Siemens AG (Germany), Wilson Transformer Company (Australia), Setrans Holding AS (France), Alstom SA. (France).
The rail traction transformers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rail Traction Transformers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Rail Traction Transformers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Traction Transformers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Rail Traction Transformers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Rail Traction Transformers Market Size & Forecast, 2020-2028
4.5.1 Rail Traction Transformers Market Size and Y-o-Y Growth
4.5.2 Rail Traction Transformers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Single Phase Transformers
5.2.2 Three Phase Transformers
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 On the Roof
6.2.2 Under the Floor
6.2.3 Machine Room
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Traction Transformers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rail Traction Transformers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Single Phase Transformers
9.6.2 Three Phase Transformers
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 On the Roof
9.10.2 Under the Floor
9.10.3 Machine Room
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Single Phase Transformers
10.6.2 Three Phase Transformers
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 On the Roof
10.10.2 Under the Floor
10.10.3 Machine Room
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Single Phase Transformers
11.6.2 Three Phase Transformers
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 On the Roof
11.10.2 Under the Floor
11.10.3 Machine Room
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Single Phase Transformers
12.6.2 Three Phase Transformers
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 On the Roof
12.10.2 Under the Floor
12.10.3 Machine Room
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Single Phase Transformers
13.6.2 Three Phase Transformers
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 On the Roof
13.10.2 Under the Floor
13.10.3 Machine Room
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rail Traction Transformers Market: Competitive Dashboard
14.2 Global Rail Traction Transformers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alstom SA. (France)
14.3.2 ABB Ltd. (Switzerland)
14.3.3 Mitsubishi Electric Corporation (Japan)
14.3.4 Emco Ltd. (India)
14.3.5 Hind Rectifiers Ltd. (India)
14.3.6 JST Transformateurs (France)
14.3.7 International Electric Co. Ltd. (Korea)
14.3.8 Siemens AG (Germany)
14.3.9 Wilson Transformer Company (Australia)
14.3.10 Setrans Holding AS (France)
14.3.11 Alstom SA. (France)
