Market Overview:
The global traction SST market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for alternative power generation, smart grid, and electric vehicles (EVs). In addition, the growing awareness about energy efficiency is also contributing to the growth of this market. The global traction SST market can be segmented on the basis of type into single-stage, two-stage, and three-stage. The single-stage segment is expected to account for a major share of the global traction SST market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The two-stage and three-stage segments are projected to grow at a CAGR of XX% and XX%, respectively, during the same period. On the basis of application,the global traction SSTmarket can be divided into alternative power generation, smart gridtraction locomotives,, EV charging,, and others segments.
Product Definition:
Traction SST is a software that is used to improve the traction of a vehicle. It does this by controlling the power that is sent to each wheel. This can help to improve the handling and performance of the vehicle.
Single-stage:
Single-stage traction SST is a system that provides traction to patients with lower extremity injuries. It helps in promoting movement and reducing pain in the affected area. This device consists of orthopedic shoe, cable, pulley system, and tension roller or wheel.
Two-stage:
The two-stage traction SST is a device that helps in increasing the force of static traction. It increases the power output by decreasing the cycle time and also helps to improve safety, reliability, and efficiency of electric vehicles. The first stage of this device consists of a motor with no internal resistance which is connected to drive an electric vehicle’s drivetrain; whereas, second stage consists of a seriesof resistors or capacitors which are connected in parallel with high voltage DC supply.
Application Insights:
The global traction SST market is segmented by application into alternative power generation, smart grid, traction locomotives, electric vehicles charging stations and others. The EV charging segment is expected to witness significant growth over the forecast period owing to increasing government initiatives for promoting the adoption of electric vehicles across various regions. For instance, in Norway there are subsidies available up to USD 15000 for purchasing an electric car which encourages people towards buying EVs over conventional cars. Furthermore, countries such as China and India are focusing on increasing their production capacities for Electric Vehicles (EVs) which will further boost the demand globally.
The alternative power generation segment dominated the overall market in terms of revenue share in 2017 owing to growing concerns regarding air pollution from traditional fuels such as coal and wood among other sources including petroleum coke oven emissions which pose a threat to human health especially during inhalation exposure time frame around 6-8 hours per day.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in demand for traction motors owing to increasing industrialization, especially in developing economies such as China and India. Growing automotive industry coupled with rising investments by governments of various countries is anticipated to boost product demand over the next eight years.
The European market was valued at USD X million in 2017 and is projected to witness significant growth during the forecast period on account of growing alternative power generation application segmentation due to rising environmental concerns among end-users coupled with stringent government regulations regarding carbon emissions from conventional sources of energy production such as coal plants and oil refineries.
Growth Factors:
- Increasing demand for Traction SST in electric vehicles to improve the performance and efficiency
- Growing popularity of Traction SST in aerospace and defense applications for high-speed, reliable data transmission
- Rising demand from the medical sector for secure, real-time communication between patients and doctors
- Increasing use of Traction SST in smart cities to support the development of next-generation infrastructure
- Proliferation of 5G networks that will require high-bandwidth data transmission
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction SST Market Research Report
By Type
Single-stage, Two-stage, Three-stage
By Application
Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging, Others
By Companies
ABB, Eaton Corporation, General Electric, Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Kirloskar Electric Company, Synergy Transformers, SPX Transformers Solutions, ERMCO, Alstom SA
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Traction SST Market Report Segments:
The global Traction SST market is segmented on the basis of:
Types
Single-stage, Two-stage, Three-stage
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
Alternative Power Generation, Smart Grid, Traction Locomotives, EV Charging, 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
- Eaton Corporation
- General Electric
- Mitsubishi Electric Corporation
- Schneider Electric
- Siemens AG
- Kirloskar Electric Company
- Synergy Transformers
- SPX Transformers Solutions
- ERMCO
- Alstom SA
Highlights of The Traction SST 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-stage
- Two-stage
- Three-stage
- By Application:
- Alternative Power Generation
- Smart Grid
- Traction Locomotives
- EV Charging
- 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 Traction SST 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
- Market Entry Strategies
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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?
Traction SST is a type of self-driving technology that uses sensors and software to keep the car in its lane, avoid collisions, and maintain speed.
Some of the key players operating in the traction sst market are ABB, Eaton Corporation, General Electric, Mitsubishi Electric Corporation, Schneider Electric, Siemens AG, Kirloskar Electric Company, Synergy Transformers, SPX Transformers Solutions, ERMCO, Alstom SA.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Traction SST 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 Traction SST Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Traction SST 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 Traction SST 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 Traction SST Market Size & Forecast, 2018-2028
4.5.1 Traction SST Market Size and Y-o-Y Growth
4.5.2 Traction SST Market Absolute $ Opportunity
Chapter 5 Global Traction SST 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 Traction SST Market Size Forecast by Type
5.2.1 Single-stage
5.2.2 Two-stage
5.2.3 Three-stage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Traction SST 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 Traction SST Market Size Forecast by Applications
6.2.1 Alternative Power Generation
6.2.2 Smart Grid
6.2.3 Traction Locomotives
6.2.4 EV Charging
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traction SST 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 Traction SST 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 Traction SST Analysis and Forecast
9.1 Introduction
9.2 North America Traction SST 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 Traction SST Market Size Forecast by Type
9.6.1 Single-stage
9.6.2 Two-stage
9.6.3 Three-stage
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 Traction SST Market Size Forecast by Applications
9.10.1 Alternative Power Generation
9.10.2 Smart Grid
9.10.3 Traction Locomotives
9.10.4 EV Charging
9.10.5 Others
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 Traction SST Analysis and Forecast
10.1 Introduction
10.2 Europe Traction SST 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 Traction SST Market Size Forecast by Type
10.6.1 Single-stage
10.6.2 Two-stage
10.6.3 Three-stage
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 Traction SST Market Size Forecast by Applications
10.10.1 Alternative Power Generation
10.10.2 Smart Grid
10.10.3 Traction Locomotives
10.10.4 EV Charging
10.10.5 Others
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 Traction SST Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Traction SST 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 Traction SST Market Size Forecast by Type
11.6.1 Single-stage
11.6.2 Two-stage
11.6.3 Three-stage
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 Traction SST Market Size Forecast by Applications
11.10.1 Alternative Power Generation
11.10.2 Smart Grid
11.10.3 Traction Locomotives
11.10.4 EV Charging
11.10.5 Others
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 Traction SST Analysis and Forecast
12.1 Introduction
12.2 Latin America Traction SST 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 Traction SST Market Size Forecast by Type
12.6.1 Single-stage
12.6.2 Two-stage
12.6.3 Three-stage
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 Traction SST Market Size Forecast by Applications
12.10.1 Alternative Power Generation
12.10.2 Smart Grid
12.10.3 Traction Locomotives
12.10.4 EV Charging
12.10.5 Others
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) Traction SST Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Traction SST 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) Traction SST Market Size Forecast by Type
13.6.1 Single-stage
13.6.2 Two-stage
13.6.3 Three-stage
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) Traction SST Market Size Forecast by Applications
13.10.1 Alternative Power Generation
13.10.2 Smart Grid
13.10.3 Traction Locomotives
13.10.4 EV Charging
13.10.5 Others
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 Traction SST Market: Competitive Dashboard
14.2 Global Traction SST Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Eaton Corporation
14.3.3 General Electric
14.3.4 Mitsubishi Electric Corporation
14.3.5 Schneider Electric
14.3.6 Siemens AG
14.3.7 Kirloskar Electric Company
14.3.8 Synergy Transformers
14.3.9 SPX Transformers Solutions
14.3.10 ERMCO
14.3.11 Alstom SA
