The global traction converter market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The traction converter market is driven by the increasing demand for electric vehicles and the need for efficient power transmission in railways, metro, tram & light rail applications. The electric AC traction converters segment is expected to grow at a CAGR of 5.2% during the forecast period due to its high efficiency and low maintenance cost as compared with diesel-electric converters.
Some Of The Growth Factors Of This Market:
- Increasing demand for fuel efficient vehicles and the need for better fuel efficiency in the automotive industry are driving the growth of this market.
- The increasing demand for electric vehicles is also driving the growth of this market.
- Increasing demand for hybrid vehicles is also driving the growth of this market.
- Increasing focus on reducing emissions and improving air quality.
Industry Growth Insights published a new data on “Traction Converter Market”. The research report is titled “Traction Converter Market research by Types (Electric AC Traction Converter, Electric DC Traction Converter, Diesel Electric Traction Converter, Multi-System Electric Traction Converters), By Applications (Railways, Metro, Tram & Light Rail, Others), By Players/Companies ABB, CAF Power & Automation, KONTRAC INEM, Ingeteam, Voith Group, Siemens, Bombardier, Rongxin Power Electronic, Shenzhen INVT Electric, HIRECT, Medha”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction Converter Market Research Report
By Type
Electric AC Traction Converter, Electric DC Traction Converter, Diesel Electric Traction Converter, Multi-System Electric Traction Converters
By Application
Railways, Metro, Tram & Light Rail, Others
By Companies
ABB, CAF Power & Automation, KONTRAC INEM, Ingeteam, Voith Group, Siemens, Bombardier, Rongxin Power Electronic, Shenzhen INVT Electric, HIRECT, Medha
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 Traction Converter Market Report Segments:
The global Traction Converter market is segmented on the basis of:
Types
Electric AC Traction Converter, Electric DC Traction Converter, Diesel Electric Traction Converter, Multi-System Electric Traction Converters
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, Metro, Tram & Light Rail, 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
- CAF Power & Automation
- KONTRAC INEM
- Ingeteam
- Voith Group
- Siemens
- Bombardier
- Rongxin Power Electronic
- Shenzhen INVT Electric
- HIRECT
- Medha
Highlights of The Traction Converter 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:
- Electric AC Traction Converter
- Electric DC Traction Converter
- Diesel Electric Traction Converter
- Multi-System Electric Traction Converters
- By Application:
- Railways
- Metro
- Tram & Light Rail
- 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 Converter 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
- 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?
A traction converter is a device that helps to increase the power output of an engine. It does this by converting the rotational energy of the engine into electrical energy. This electrical energy can then be used to power accessories, such as lights and fans, or it can be sent directly to the wheels for propulsion.
Some of the key players operating in the traction converter market are ABB, CAF Power & Automation, KONTRAC INEM, Ingeteam, Voith Group, Siemens, Bombardier, Rongxin Power Electronic, Shenzhen INVT Electric, HIRECT, Medha.
The traction converter market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Traction Converter 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. Traction Converter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Traction Converter Market - Supply Chain
4.5. Global Traction Converter Market Forecast
4.5.1. Traction Converter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Traction Converter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Traction Converter Market Absolute $ Opportunity
5. Global Traction Converter 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. Traction Converter Market Size and Volume Forecast by Type
5.3.1. Electric AC Traction Converter
5.3.2. Electric DC Traction Converter
5.3.3. Diesel Electric Traction Converter
5.3.4. Multi-System Electric Traction Converters
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Traction Converter 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. Traction Converter Market Size and Volume Forecast by Application
6.3.1. Railways
6.3.2. Metro
6.3.3. Tram & Light Rail
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Traction Converter 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. Traction Converter 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 Traction Converter 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. Traction Converter 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 Traction Converter Demand Share Forecast, 2019-2026
9. North America Traction Converter 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 Traction Converter 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 Traction Converter Market Size and Volume Forecast by Application
9.4.1. Railways
9.4.2. Metro
9.4.3. Tram & Light Rail
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Traction Converter Market Size and Volume Forecast by Type
9.7.1. Electric AC Traction Converter
9.7.2. Electric DC Traction Converter
9.7.3. Diesel Electric Traction Converter
9.7.4. Multi-System Electric Traction Converters
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 Traction Converter Demand Share Forecast, 2019-2026
10. Latin America Traction Converter 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 Traction Converter 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 Traction Converter Market Size and Volume Forecast by Application
10.4.1. Railways
10.4.2. Metro
10.4.3. Tram & Light Rail
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Traction Converter Market Size and Volume Forecast by Type
10.7.1. Electric AC Traction Converter
10.7.2. Electric DC Traction Converter
10.7.3. Diesel Electric Traction Converter
10.7.4. Multi-System Electric Traction Converters
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 Traction Converter Demand Share Forecast, 2019-2026
11. Europe Traction Converter 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 Traction Converter 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 Traction Converter Market Size and Volume Forecast by Application
11.4.1. Railways
11.4.2. Metro
11.4.3. Tram & Light Rail
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Traction Converter Market Size and Volume Forecast by Type
11.7.1. Electric AC Traction Converter
11.7.2. Electric DC Traction Converter
11.7.3. Diesel Electric Traction Converter
11.7.4. Multi-System Electric Traction Converters
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 Traction Converter Demand Share, 2019-2026
12. Asia Pacific Traction Converter 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 Traction Converter 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 Traction Converter Market Size and Volume Forecast by Application
12.4.1. Railways
12.4.2. Metro
12.4.3. Tram & Light Rail
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Traction Converter Market Size and Volume Forecast by Type
12.7.1. Electric AC Traction Converter
12.7.2. Electric DC Traction Converter
12.7.3. Diesel Electric Traction Converter
12.7.4. Multi-System Electric Traction Converters
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 Traction Converter Demand Share, 2019-2026
13. Middle East & Africa Traction Converter 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 Traction Converter 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 Traction Converter Market Size and Volume Forecast by Application
13.4.1. Railways
13.4.2. Metro
13.4.3. Tram & Light Rail
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Traction Converter Market Size and Volume Forecast by Type
13.7.1. Electric AC Traction Converter
13.7.2. Electric DC Traction Converter
13.7.3. Diesel Electric Traction Converter
13.7.4. Multi-System Electric Traction Converters
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 Traction Converter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Traction Converter Market: Market Share Analysis
14.2. Traction Converter Distributors and Customers
14.3. Traction Converter 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. CAF Power & Automation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. KONTRAC INEM
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ingeteam
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Voith Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bombardier
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Rongxin Power Electronic
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shenzhen INVT Electric
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. HIRECT
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Medha
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
