Traction Transformer Market Analysis Report By Mounting Position, By Voltage Network (AC Systems, DC Systems), By Rolling Stock (Electric Locomotives, High-Speed Trains), And Segment Forecasts, 2019 - 2025

Published: Feb, 2019 | Pages: 81 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global traction transformer market size is expected to reach USD 827.1 million by 2025, according to a study by Grand View Research, Inc., progressing at a CAGR of 4.9% during the forecast period. Fast pace of modern lives and surging demand for high-speed commute options are promoting several changes in rail infrastructure across the globe, including shift to technologically advanced electric locomotives. This trend is anticipated to provide a significant push to the market over the forecast period.

Furthermore, favorable government initiatives, including introduction of various policies, funding for high-speed locomotives, and implementation of safer technologies in trains, are leading to positive developments in the global rail infrastructure sector. Increasing expenditure on comfortable and convenient traveling are also encouraging several developments in rail infrastructures worldwide. These transformations are likely to result in greater demand for traction transformers in the next few years.

Growing environmental concerns regarding power consumption, costly and unsafe locomotives, noise pollution, and dependence on crude oils are impelling adoption of traction systems. Furthermore, expansion of rail transport networks for better traffic management, saving time required for commute, and providing cost-efficient services are stirring up their demand in rail systems globally.

Worldwide, rising number of rail projects is translating into increased adoption and implementation of traction transformers on a large scale. Presence of a limited number of market players offering these products has resulted in fierce competition. Resultant concentration of projects and revenue in hands of a select few companies, which often results in risk of efficiently managing supply and demand, can challenge the growth of the market over the forecast period.

Further key findings from the study suggest:

• Traction transformers provide several benefits over conventional fossil-fuel based traction systems, including rapid acceleration, space availability, cost-efficiency, light-weight, and low power consumption

• Based on voltage network, the alternative current (AC) systems segment held the largest market share in 2018. The demand for AC traction systems is driven by increased adoption of electric locomotives for long-distance travel routes

• Based on mounting position, the machine room segment is poised to exhibit a CAGR of 5.8% over the forecast period. The growth of the segment can be attributed to maximum flexibility and low maintenance offered by equipment mounted in machine rooms

• Based on rolling stock, the electric locomotives segment commanded the highest revenue share in 2018. Upswing in the demand for electrified rail systems has played a pivotal role in high demand for electrical locomotives over the years

• Europe held the dominant share in terms of revenue in 2018. Early development of electrified rail network and favorable regulatory policies aimed at developing efficient public transport are projected to stimulate the growth of the regional market

• Prominent industry participants include Siemens, ABB, Alstom, and EMCO Limited

• These market players are engaged in offering differentiated product portfolio and in entering private-public partnerships to withstand competition. For instance, recently ABB was awarded contracts by governing bodies for the development of metro infrastructure across major metropolitan cities.

 Table of Contents

Chapter 1. Methodology and Scope
                  1.1. Research Methodology
                  1.2. Research Scope & Assumptions
                  1.3. List of Data Sources

Chapter 2. Executive Summary

Chapter 3. Traction Transformer Industry Outlook
                  3.1. Market Segmentation
                  3.2. Market Size and Growth Prospects, 2014 - 2025
                  3.3. Value Chain Analysis
                  3.4. Market Dynamics
                      3.4.1. Market driver analysis
                      3.4.2. Market restraint/challenge analysis
                      3.4.3. Market opportunity analysis
                  3.5. Industry Analysis - Porter's Five Forces Analysis
                  3.6. Company ranking analysis, 2018
                  3.7. Key Opportunities - Prioritized
                  3.8. PEST Analysis

Chapter 4. Traction Transformer Market: Voltage Network Outlook
                  4.1. Traction Transformer Market Estimates and Forecasts, By Voltage Network, 2018 & 2025 (USD Million)
                  4.2. Alternative Current (AC) Systems
                      4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      4.2.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million) 
                  4.3. Direct Current (DC) Systems
                      4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      4.3.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)

Chapter 5. Traction Transformer Market: Mounting Position Outlook
                  5.1. Traction Transformer Market Estimates And Forecasts, By Mounting Position, 2018 & 2025 (USD Million)
                  5.2. Over the Roof
                      5.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      5.2.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million) 
                  5.3. Machine Room
                      5.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      5.3.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)
                  5.4. Under the Floor
                      5.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      5.4.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)

Chapter 6. Traction Transformer Market: Rolling Stock Outlook
                  6.1. Traction Transformer Market Estimates and Forecasts, by Rolling Stock, 2018 & 2025 (USD Million)
                  6.2. Electric Locomotives
                      6.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      6.2.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million) 
                  6.3. Metros
                      6.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      6.3.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)
                  6.4. High-speed Trains
                      6.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      6.4.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million) 
                  6.5. Others
                      6.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                      6.5.2. Market estimates and forecasts, by region, 2014 - 2025 (USD Million)

Chapter 7. Traction Transformer Market: Regional Outlook
                  7.1. Traction Transformer Market Estimates & Forecasts, By Region, 2018 & 2025 (USD Million)
                  7.2. North America
                      7.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      7.2.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                      7.2.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                      7.2.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.2.5. U.S.
                          7.2.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.2.5.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.2.5.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.2.5.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.2.6. Canada
                          7.2.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.2.6.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.2.6.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.2.6.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                  7.3. Europe
                      7.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      7.3.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                      7.3.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                      7.3.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.3.5. U.K.
                          7.3.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.3.5.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.3.5.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.3.5.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.3.6. Germany
                          7.3.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.3.6.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.3.6.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.3.6.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.3.7. France
                          7.3.7.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.3.7.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.3.7.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.3.7.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                  7.4. Asia Pacific
                      7.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      7.4.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                      7.4.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                      7.4.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.4.5. China
                          7.4.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.4.5.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.4.5.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.4.5.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.4.6. India
                          7.4.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.4.6.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.4.6.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.4.6.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.4.7. Japan
                          7.4.7.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.4.7.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.4.7.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.4.7.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                  7.5. Latin America
                      7.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      7.5.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                      7.5.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                      7.5.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.5.5. Brazil
                          7.5.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.5.5.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.5.5.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.5.5.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                      7.5.6. Mexico
                          7.5.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                          7.5.6.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                          7.5.6.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                          7.5.6.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)
                  7.6. Middle East & Africa
                      7.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                      7.6.2. Market estimates and forecasts, by voltage network, 2014 - 2025 (USD Million)
                      7.6.3. Market estimates and forecasts, by mounting position, 2014 - 2025 (USD Million)
                      7.6.4. Market estimates and forecasts, by rolling stock, 2014 - 2025 (USD Million)

Chapter 8. Competitive Landscape
                  8.1. ABB
                      8.1.1. Company overview
                      8.1.2. Financial performance
                      8.1.3. Product benchmarking
                      8.1.4. Recent developments
                  8.2. Siemens
                      8.2.1. Company overview
                      8.2.2. Financial performance
                      8.2.3. Product benchmarking
                      8.2.4. Recent developments
                  8.3. JST Transformateurs
                      8.3.1. Company overview
                      8.3.2. Financial performance
                      8.3.3. Product benchmarking
                      8.3.4. Recent developments
                  8.4. EMCO Limited
                      8.4.1. Company overview
                      8.4.2. Financial performance
                      8.4.3. Product benchmarking
                      8.4.4. Recent developments
                  8.5. Hind Rectifiers Limited
                      8.5.1. Company overview
                      8.5.2. Financial performance
                      8.5.3. Product benchmarking
                      8.5.4. Recent developments
                  8.6. International Electric Co, Ltd
                      8.6.1. Company overview
                      8.6.2. Financial performance
                      8.6.3. Product benchmarking
                      8.6.4. Recent developments
                  8.7. Mitsubishi Electric Corporation
                      8.7.1. Company overview
                      8.7.2. Financial performance
                      8.7.3. Product benchmarking
                      8.7.4. Recent developments
                  8.8. Schneider Electric
                      8.8.1. Company overview
                      8.8.2. Financial performance
                      8.8.3. Product benchmarking
                      8.8.4. Recent developments
                  8.9. Wilson Transformer Company
                      8.9.1. Company overview
                      8.9.2. Financial performance
                      8.9.3. Product benchmarking
                      8.9.4. Recent developments
                  8.10. GE's Grid Solutions (General Electric)
                      8.10.1. Company overview
                      8.10.2. Financial performance
                      8.10.3. Product benchmarking
                      8.10.4. Recent developments
                  8.11. Setrans Holding AS
                      8.11.1. Company overview
                      8.11.2. Financial performance
                      8.11.3. Product benchmarking
                      8.11.4. Recent developments

List of Tables

Table 1 List of abbreviations
Table 2 Traction transformer market - Industry snapshot & key buying criteria, 2014 - 2025
Table 3 Traction transformer market, 2014 - 2025 (USD Million)
Table 4 Traction transformer market, by region, 2014 - 2025 (USD Million)
Table 5 Traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 6 Traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 7 Traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 8 Alternative Current (AC) systems traction transformer market, 2014 - 2025 (USD Million)
Table 9 Alternative Current (AC) systems traction transformer market, by region, 2014 - 2025 (USD Million)
Table 10 Direct Current (DC) systems traction transformer market, 2014 - 2025 (USD Million)
Table 11 Direct Current (DC) systems traction transformer market, by region, 2014 - 2025 (USD Million)
Table 12 Over the Roof traction transformer market, 2014 - 2025 (USD Million)
Table 13 Over the Roof traction transformer market, by region, 2014 - 2025 (USD Million)
Table 14 Machine Room traction transformer market, 2014 - 2025 (USD Million)
Table 15 Machine Room traction transformer market, by region, 2014 - 2025 (USD Million)
Table 16 Under the Floor traction transformer market, 2014 - 2025 (USD Million)
Table 17 Under the Floor traction transformer market, by region, 2014 - 2025 (USD Million)
Table 18 Electric Locomotives traction transformer market, 2014 - 2025 (USD Million)
Table 19 Electric Locomotives traction transformer market, by region, 2014 - 2025 (USD Million)
Table 20 Metros traction transformer market, 2014 - 2025 (USD Million)
Table 21 Metros traction transformer market, by region, 2014 - 2025 (USD Million)
Table 22 High-speed Trains traction transformer market, 2014 - 2025 (USD Million)
Table 23 High-speed Trains traction transformer market, by region, 2014 - 2025 (USD Million)
Table 24 Other traction transformer market, 2014 - 2025 (USD Million)
Table 25 Other traction transformer market, by region, 2014 - 2025 (USD Million)
Table 26 North America traction transformer market, 2014 - 2025 (USD Million)
Table 27 North America traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 28 North America traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 29 North America traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 30 U.S. traction transformer market, 2014 - 2025 (USD Million)
Table 31 U.S. traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 32 U.S. traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 33 U.S. traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 34 Canada traction transformer market, 2014 - 2025 (USD Million)
Table 35 Canada traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 36 Canada traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 37 Canada traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 38 Europe traction transformer market, 2014 - 2025 (USD Million)
Table 39 Europe traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 40 Europe traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 41 Europe traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 42 U.K. traction transformer market, 2014 - 2025 (USD Million)
Table 43 U.K. traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 44 U.K. traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 45 U.K. traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 46 Germany traction transformer market, 2014 - 2025 (USD Million)
Table 47 Germany traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 48 Germany traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 49 Germany traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 50 France traction transformer market, 2014 - 2025 (USD Million)
Table 51 France traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 52 France traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 53 France traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 54 Asia Pacific traction transformer market, 2014 - 2025 (USD Million)
Table 55 Asia Pacific traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 56 Asia Pacific traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 57 Asia Pacific traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 58 China traction transformer market, 2014 - 2025 (USD Million)
Table 59 China traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 60 China traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 61 China traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 62 India traction transformer market, 2014 - 2025 (USD Million)
Table 63 India traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 64 India traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 65 India traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 66 Japan traction transformer market, 2014 - 2025 (USD Million)
Table 67 Japan traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 68 Japan traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 69 Japan traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 70 Latin America traction transformer market, 2014 - 2025 (USD Million)
Table 71 Latin America traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 72 Latin America traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 73 Latin America traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 74 Brazil traction transformer market, 2014 - 2025 (USD Million)
Table 75 Brazil traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 76 Brazil traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 77 Brazil traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 78 Mexico traction transformer market, 2014 - 2025 (USD Million)
Table 79 Mexico traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 80 Mexico traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 81 Mexico traction transformer market, by rolling stock, 2014 - 2025 (USD Million)
Table 82 Middle East & Africa traction transformer market, 2014 - 2025 (USD Million)
Table 83 Middle East & Africa traction transformer market, by voltage network, 2014 - 2025 (USD Million)
Table 84 Middle East & Africa traction transformer market, by mounting position, 2014 - 2025 (USD Million)
Table 85 Middle East & Africa traction transformer market, by rolling stock, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Traction transformer market segmentation 
Fig. 2 Value chain analysis 
Fig. 3 Traction transformer market dynamics 
Fig. 4 Traction transformer market driver impact 
Fig. 5 Traction transformer market restraint impact 
Fig. 6 Traction transformer penetration & growth prospects mapping 
Fig. 7 Traction transformer - Porter's five forces 
Fig. 8 Traction transformer market - Company ranking analysis, 2018 
Fig. 9 Traction transformer market - PEST analysis 
Fig. 10 Traction transformer market, by voltage network, 2018 & 2025 (USD Million) 
Fig. 11 Traction transformer market, by mounting position, 2018 & 2025 (USD Million) 
Fig. 12 Traction transformer market, by rolling stock, 2018 & 2025 (USD Million) 
Fig. 13 Traction transformer market, by region, 2018 & 2025 
Fig. 14 North America traction transformer market - Key takeaways 
Fig. 15 Europe traction transformer market - Key takeaways 
Fig. 16 Asia Pacific traction transformer market - Key takeaways 
Fig. 17 Latin America traction transformer market - Key takeaways 
Fig. 18 Middle East & Africa traction transformer market - Key takeaways