Market Overview:
The global train auxiliary rectifier 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 concerns for safety and security in railways. Based on type, the global train auxiliary rectifier market is segmented into less than 500 KVA, 500 - 2000 KVA, and more than 2000 KVA. The less than 500 KVA segment is expected to account for the largest share of the global train auxiliary rectifier market in 2018 owing to its low cost and easy installation. However, the 500 - 2000 KVA segment is projected to grow at a higher CAGR during the forecast period due its ability to meet high power requirements. Based on application, the global train auxiliary rectifier market is divided into original equipment manufacturer (OEM) and aftermarket segments. The OEM segment accounted for a larger share of the global train auxiliary rectifier market in 2017 owing to increased demand from railway operators across different regions worldwide. However, with growing demand for replacement parts & services among end-users, especially in developed economies such as North America and Europe,the aftermarket segment is projectedto register higher growth rates duringthe forecastperiod .
Product Definition:
A train auxiliary rectifier is a device used to convert Alternating Current (AC) into Direct Current (DC). This device is important because it allows trains to run on DC power, which is more efficient than AC power.
Less than 500 KVA:
The global L500KVA market size was valued at USD 1.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing demand for power backup by end-use industries such as manufacturing, healthcare, and IT & telecom is anticipated to drive the growth of this industry over the forecast period.
500 - 2000 KVA:
500 - 2000 KVA is the range of power rating for a train auxiliary rectifier. It is used to convert the AC power from railway tracks into DC power for use in trains and their auxiliaries such as locomotives, railcars, and other vehicles. The 500 - 2000 KVA range of train auxiliary rectifiers are primarily employed in railways that have a track length of more than 1,000 kilometers but less than or equal to 5,000 kilometers.
Application Insights:
The original equipment manufacturer (OEM) segment dominated the global train auxiliary rectifier market in 2017. This is attributed to the presence of a strong manufacturing base for railway equipment, which includes locomotives and coaches. The majority of railways companies prefer to source their requirements from an OEM supplier as it offers cost-effective solutions while maintaining high standards of reliability and durability.
In addition, many railway manufacturers prefer to outsource production activities for locomotive bodies and freight cars to third-party suppliers so that they can concentrate on more profitable business such as passenger carriages or sleeping cars without compromising with regards quality or safety aspects. As a result,train auxiliary rectifiers are primarily manufactured by OEMs such as Siemens AG & Co., ABB Ltd., Alstom S.A., Bombardier Inc., General Electric Company LLC etc.
Regional Analysis:
Asia Pacific dominated the global train auxiliaries rectifier market in 2017. The growth is majorly attributed to increasing demand for electric trains from China and Japan. In 2016, China ordered 1,000 electric trains from a South Korean manufacturer Hyundai Rotem with an option of more orders. This order was worth USD X million and was placed in 2018 despite the fact that there is no service provider yet for these trains.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in smart grid infrastructure
- Proliferation of renewable energy sources
- Rising concerns over climate change and air pollution
- Development of next-generation battery technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Train Auxiliary Rectifier Market Research Report
By Type
Less than 500 KVA, 500 - 2000 KVA, More than 2000 KVA
By Application
Original Equipment Manufacturer, Aftermarket
By Companies
ABB, Siemens, Hind Rectifiers, Meidensha, Fuji Electric, Shindengen Electric Manufacturing, Zhejiang Longxiang 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Train Auxiliary Rectifier Market Report Segments:
The global Train Auxiliary Rectifier market is segmented on the basis of:
Types
Less than 500 KVA, 500 - 2000 KVA, More than 2000 KVA
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
Original Equipment Manufacturer, Aftermarket
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
- Siemens
- Hind Rectifiers
- Meidensha
- Fuji Electric
- Shindengen Electric Manufacturing
- Zhejiang Longxiang Electric
Highlights of The Train Auxiliary Rectifier 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:
- Less than 500 KVA
- 500 - 2000 KVA
- More than 2000 KVA
- By Application:
- Original Equipment Manufacturer
- Aftermarket
- 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 Train Auxiliary Rectifier 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
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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?
A train auxiliary rectifier is a device used to convert alternating current (AC) into direct current (DC).
Some of the major players in the train auxiliary rectifier market are ABB, Siemens, Hind Rectifiers, Meidensha, Fuji Electric, Shindengen Electric Manufacturing, Zhejiang Longxiang Electric.
The train auxiliary rectifier market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Train Auxiliary Rectifier 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. Train Auxiliary Rectifier Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Train Auxiliary Rectifier Market - Supply Chain
4.5. Global Train Auxiliary Rectifier Market Forecast
4.5.1. Train Auxiliary Rectifier Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Train Auxiliary Rectifier Market Size (000 Units) and Y-o-Y Growth
4.5.3. Train Auxiliary Rectifier Market Absolute $ Opportunity
5. Global Train Auxiliary Rectifier 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. Train Auxiliary Rectifier Market Size and Volume Forecast by Type
5.3.1. Less than 500 KVA
5.3.2. 500 - 2000 KVA
5.3.3. More than 2000 KVA
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Train Auxiliary Rectifier 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. Train Auxiliary Rectifier Market Size and Volume Forecast by Application
6.3.1. Original Equipment Manufacturer
6.3.2. Aftermarket
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Train Auxiliary Rectifier 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. Train Auxiliary Rectifier 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 Train Auxiliary Rectifier 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. Train Auxiliary Rectifier 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 Train Auxiliary Rectifier Demand Share Forecast, 2019-2026
9. North America Train Auxiliary Rectifier 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 Train Auxiliary Rectifier 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 Train Auxiliary Rectifier Market Size and Volume Forecast by Application
9.4.1. Original Equipment Manufacturer
9.4.2. Aftermarket
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Train Auxiliary Rectifier Market Size and Volume Forecast by Type
9.7.1. Less than 500 KVA
9.7.2. 500 - 2000 KVA
9.7.3. More than 2000 KVA
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 Train Auxiliary Rectifier Demand Share Forecast, 2019-2026
10. Latin America Train Auxiliary Rectifier 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 Train Auxiliary Rectifier 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 Train Auxiliary Rectifier Market Size and Volume Forecast by Application
10.4.1. Original Equipment Manufacturer
10.4.2. Aftermarket
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Train Auxiliary Rectifier Market Size and Volume Forecast by Type
10.7.1. Less than 500 KVA
10.7.2. 500 - 2000 KVA
10.7.3. More than 2000 KVA
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 Train Auxiliary Rectifier Demand Share Forecast, 2019-2026
11. Europe Train Auxiliary Rectifier 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 Train Auxiliary Rectifier 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 Train Auxiliary Rectifier Market Size and Volume Forecast by Application
11.4.1. Original Equipment Manufacturer
11.4.2. Aftermarket
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Train Auxiliary Rectifier Market Size and Volume Forecast by Type
11.7.1. Less than 500 KVA
11.7.2. 500 - 2000 KVA
11.7.3. More than 2000 KVA
11.8. Basis Point Share (BPS) Analysisby 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 Train Auxiliary Rectifier Demand Share, 2019-2026
12. Asia Pacific Train Auxiliary Rectifier 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 Train Auxiliary Rectifier 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 Train Auxiliary Rectifier Market Size and Volume Forecast by Application
12.4.1. Original Equipment Manufacturer
12.4.2. Aftermarket
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Train Auxiliary Rectifier Market Size and Volume Forecast by Type
12.7.1. Less than 500 KVA
12.7.2. 500 - 2000 KVA
12.7.3. More than 2000 KVA
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 Train Auxiliary Rectifier Demand Share, 2019-2026
13. Middle East & Africa Train Auxiliary Rectifier 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 Train Auxiliary Rectifier 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 Train Auxiliary Rectifier Market Size and Volume Forecast by Application
13.4.1. Original Equipment Manufacturer
13.4.2. Aftermarket
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Train Auxiliary Rectifier Market Size and Volume Forecast by Type
13.7.1. Less than 500 KVA
13.7.2. 500 - 2000 KVA
13.7.3. More than 2000 KVA
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 Train Auxiliary Rectifier Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Train Auxiliary Rectifier Market: Market Share Analysis
14.2. Train Auxiliary Rectifier Distributors and Customers
14.3. Train Auxiliary Rectifier 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. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hind Rectifiers
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Meidensha
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fuji 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. Shindengen Electric Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zhejiang Longxiang Electric
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
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
