HOME Top Market Reports Traction Transformer (Onboard) Market by Rolling Stock (Electric Locomotives, High-speed Trains, Metros), Mounting Position (Underframe, Machine Room, Roof), Overhead Line Voltage, and Geography - Global Forecast to 2022

Traction Transformer (Onboard) Market by Rolling Stock (Electric Locomotives, High-speed Trains, Metros), Mounting Position (Underframe, Machine Room, Roof), Overhead Line Voltage, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: SE 1408

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The liberalization in the rail transport market, increasing government funding, and the growing environmental concerns are the driving factors for the growth of the traction transformer market. The traction transformer market was valued at USD 528.0 Million in 2015 and is expected to grow at a CAGR of 4.6% between 2016 and 2022. The base year considered for study is 2015 and the forecast period is considered for the period between 2016 and 2022. The objective of the report is to provide a detailed analysis of the traction transformer market based on rolling stock, mounting position, overhead line voltage, and geography. The report provides detailed information regarding the major factors influencing the growth of the traction transformer market. The report also gives a detailed overview of the value chain of the traction transformer market and analyzes the market trends on the basis of the Porter's five forces analysis.

The research methodology used to estimate and forecast the traction transformer market begins with obtaining data on key vendor revenues through secondary research such as Association of the European Railway Industry (UNIFE), International Union of Public Transport (UITP), International Union of Railways (UIC),  Railway Industry Association (FIF), Community of European Railway & Infrastructure Companies (CER), Railway Industry Association (RIA), National Association of Railway Transport (ANTF) (U.S.), and leading players’ annual reports and whitepapers. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global traction transformer market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the figure given below.

Traction Transformer (Onboard) Market

To know about the assumptions considered for the study, download the pdf brochure

The traction transformer ecosystem comprises component providers, OEMs, system integrators, train manufacturers, and rail network operators. The players involved in the development of traction transformer include ABB Ltd. (Switzerland), Alstom SA (France), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), and JST Transformateurs (France), among others. The BS EN 50163: 2004, IEC 60850:2014, IEC 60310, and International Railway Industry Standard (IRIS) are among the major regulatory standards for the traction transformers.

Target Audience of the Report:

  • Government bodies, venture capitalists, and private equity firms
  • Manufacturers of components such as traction motors, drives, rectifiers, and other instruments
  • Rolling stock manufacturers
  • Rolling stock maintenance companies
  • Rail network operators
  • Research institutes, associations, and organizations
  • Traction transformer manufacturers

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the Report:

In this research report, the global traction transformer market has been segmented on the basis of rolling stock, mounting position, overhead line voltage, and geography.

Traction Transformer Market, by Rolling Stock:

  • Electric Locomotives
    • Freight Locomotives
    • Passenger Locomotives
  • High-speed Trains
  • Metros

Traction Transformer Market, by Mounting Position:

  • Underframe
  • Machine Room
  • Roof

Traction Transformer Market, by Overhead Line Voltage:

  • AC
    • 1.2 KV
    • 15 KV
    • 20 KV
    • 25KV
  • DC
    • 0.75 KV
    • 1.5KV
    • 3 KV

Traction Transformer Market, by Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the companies’ specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to five)
  • Detailed analysis of electric multiple units (EMUs)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
                     2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 29)
    4.1 Traction Transformer Market, 2016–2022
    4.2 Market, By Rolling Stock (2016–2022)
    4.3 Market, By Mounting Position, 2016
    4.4 Market, By Overhead  Line Voltage, 2016
    4.5 Market, By Rolling Stock and Region, 2016
    4.6 Market, By Geography (2016)

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Traction Transformer Market, By Rolling Stock
           5.2.2 Market, By Mounting Position
           5.2.3 Market, By Overhead Line Voltage
           5.2.4 Market, By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Significant Government Funding for Rail Infrastructure Development
                     5.3.1.2 Shift Toward Low Carbon Rail Transport
                     5.3.1.3 Liberalization of Rail Transport Network
           5.3.2 Restraints
                     5.3.2.1 High Cost of Electrification
                     5.3.2.2 Dominance of Diesel-Powered Rail Engines in Certain Countries
           5.3.3 Opportunities
                     5.3.3.1 Electrification of Rail Networks
           5.3.4 Challenges
                     5.3.4.1 Complexity in Designing Traction Transformers

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Model
           6.3.1 Bargaining Power of Suppliers
           6.3.2 Bargaining Power of Buyers
           6.3.3 Threat of New Entrants
           6.3.4 Threat of Substitutes
           6.3.5 Intensity of Competitive Rivalry

7 Market Analysis, By Rolling Stock (Page No. - 46)
    7.1 Introduction
    7.2 Electric Locomotives
           7.2.1 Freight Locomotives
                     7.2.1.1 Expansion of Railway Networks Expected to Drive the Traction Transformer Market for Freight Locomotives
           7.2.2 Passenger Locomotives
                     7.2.2.1 Increasing Number of Contracts for Passenger Locomotives Driving the Market
    7.3 High-Speed Trains
           7.3.1 Increasing Concern for Carbon Footprint to Increase the Demand for High-Speed Trains
    7.4 Metros
           7.4.1 Government Funds for Metros to Increase the Adoption of Traction Transformers

8 Market Analysis, By Mounting Position (Page No. - 59)
    8.1 Introduction
    8.2 Underframe
    8.3 Machine Room
    8.4 Roof

9 Market Analysis, By Overhead Line Voltage (Page No. - 63)
    9.1 Introduction
    9.2 AC
           9.2.1 12kv
           9.2.2 15kv
           9.2.3 20kv
           9.2.4 25kv
    9.3 DC
           9.3.1 0.75kv
           9.3.2 1.5kv
           9.3.3 3kv

10 Geographic Analysis (Page No. - 70)
     10.1 Introduction
     10.2 North America
               10.2.1 U.S.
               10.2.2 Canada
     10.3 Europe
               10.3.1 Russia
               10.3.2 Italy
               10.3.3 Switzerland
               10.3.4 France
               10.3.5 Austria
               10.3.6 Germany
               10.3.7 Spain
               10.3.8 U.K.
               10.3.9 Rest of Europe
     10.4 Asia-Pacific (APAC)
               10.4.1 China
               10.4.2 India
               10.4.3 Australia
               10.4.4 Japan
               10.4.5 South Korea
               10.4.6 Taiwan
               10.4.7 Rest of APAC
     10.5 Rest of the World (RoW)
               10.5.1 Middle East
                           10.5.1.1 UAE
                           10.5.1.2 Kingdom of Saudi Arabia (KSA)
               10.5.2 Africa
               10.5.3 South America
                           10.5.3.1 Brazil
                           10.5.3.2 Argentina

11 Competitive Landscape (Page No. - 102)
     11.1 Overview
     11.2 Market Ranking Analysis for Traction Transformer Manufacturers
     11.3 Competitive Situations and Trends
               11.3.1 Contracts
               11.3.2 Agreements, Acquisitions, and Certifications
               11.3.3 New Product Launches

12 Company Profiles (Page No. - 107)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 ABB Ltd.
     12.3 Alstom SA
     12.4 JST Transformateurs
     12.5 Mitsubishi Electric Corporation
     12.6 Siemens AG
     12.7 EMCO Limited
     12.8 Hind Rectifiers Limited
     12.9 International Electric Co., Ltd.
     12.10 Setrans Holding as
     12.11 Wilson Transformer Company

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 129)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (51 Tables)

Table 1 Traction Transformer Market, 2013–2022 (USD Million & Units)
Table 2 Market, By Rolling Stock, 2013–2022 (USD Million)
Table 3 Market, By Rolling Stock, 2013–2022 (Units)
Table 4 Market for Electric Locomotives, By Type, 2013–2022 (USD Million)
Table 5 Market for Electric Locomotives, By Type, 2013–2022 (Units)
Table 6 Market for Freight Locomotives, By Region, 2013–2022 (USD Million)
Table 7 Market for Freight Locomotives, By Region, 2013–2022 (Units)
Table 8 Market for Passenger Locomotives, By Region, 2013–2022 (USD Million)
Table 9 Traction Transformer Market for Passenger Locomotives, By Region, 2013–2022 (Units)
Table 10 Market for High-Speed Trains, By Region, 2013–2022 (USD Million)
Table 11 Market for High-Speed Trains, By Region, 2013–2022 (Units)
Table 12 Market for Metros, By Region, 2013–2022 (USD Million)
Table 13 Market for Metros, By Region, 2013–2022 (Units)
Table 14 Traction Transformer Market, By Mounting Position, 2013–2022 (USD Million)
Table 15 Market, By Overhead Line Voltage, 2013–2022 (USD Million)
Table 16 Market, By AC Overhead Line Voltage, 2013–2022 (USD Million)
Table 17 Market, By DC Overhead Line Voltage, 2013–2022 (USD Million)
Table 18 Market, By Region, 2013–2022 (USD Million)
Table 19 Market, By Region, 2013–2022 (Units)
Table 20 North America: Government Funding for Rail Infrastructure
Table 21 Market in North America, By Country, 2013–2022 (USD Million)
Table 22 Market in North America, By Country, 2013–2022 (Units)
Table 23 Market for Freight Locomotives in North America, By Country, 2013–2022 (USD Million)
Table 24 Traction Transformer Market for Passenger Locomotives in North America, By Country, 2013–2022 (USD Million)
Table 25 Market for High-Speed Trains in North America, By Country, 2013–2022 (USD Million)
Table 26 Market for Metros in North America, By Country, 2013–2022 (USD Million)
Table 27 Europe: Government Funding for Rail Infrastructure
Table 28 Market in Europe, By Country, 2013–2022 (USD Million)
Table 29 Market in Europe, By Country, 2013–2022 (Units)
Table 30 Market for Freight Locomotives in Europe, By Country, 2013–2022 (USD Million)
Table 31 Market for Passenger Locomotives in Europe, By Country, 2013–2022 (USD Million)
Table 32 Market for High-Speed Trains in Europe, By Country, 2013–2022 (USD Million)
Table 33 Market for Metros in Europe, By Country, 2013–2022 (USD Million)
Table 34 APAC: Government Funding for Rail Infrastructure
Table 35 Market in APAC, By Country, 2013–2022 (USD Million)
Table 36 Market in APAC, By Country, 2013–2022 (Units)
Table 37 Market for Freight Locomotives in APAC, By Country, 2013–2022 (USD Million)
Table 38 Market for Passenger Locomotives in APAC, By Country, 2013–2022 (USD Million)
Table 39 Market for High-Speed Trains in APAC, By Country, 2013–2022 (USD Million)
Table 40 Market for Metros in APAC, By Country, 2013–2022 (USD Million)
Table 41 RoW: Government Funding for Rail Infrastructure
Table 42 Market in RoW, By Region, 2013–2022 (USD Million)
Table 43 Market in RoW, By Region, 2013–2022 (Units)
Table 44 Market for Passenger Locomotives in RoW, By Region, 2013–2022 (USD Million)
Table 45 Market for Freight Locomotives in RoW, By Region, 2013–2022 (USD Million)
Table 46 Market for High-Speed Trains in RoW, By Region, 2013–2022 (USD Million)
Table 47 Market for Metros in RoW, By Region, 2013–2022 (USD Million)
Table 48 Ranking of the Top 5 Players: Market, 2015
Table 49 Contracts, 2014–2016
Table 50 Agreements, Acquisitions, and Certifications, 2014–2016
Table 51 New Product Launches, 2014–2016
 
 
List of Figures (63 Figures)
 
Figure 1 Traction Transformer Market Segmentation
Figure 2 Market: Research Design
Figure 3 Bottom-Up Approach to Arrive at the Market Size
Figure 4 Top-Down Approach to Arrive at the Market Size
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Market Segmentation
Figure 8 Market Snapshot (2016 vs 2022): Electric Locomotives Held the Largest Size of the Market in 2016
Figure 9 Market for Traction Transformers Mounted in Machine Rooms I Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 10 Traction Transformer Market for 25kv AC Overhead Line Voltage Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 11 APAC Captured the Largest Market Share in 2016
Figure 12 Attractive Growth Opportunities in the Traction Transformer Market Between 2016 and 2022
Figure 13 Market for Electric Locomotives Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 14 Underframe Traction Transformers Accounted for A Major Market Share in 2016
Figure 15 AC Overhead Line Voltage Segment Held the Largest Share of the Traction Transformer Market in 2016
Figure 16 Freight Locomotives Captured the Largest Share of the Traction Transformer Market in 2016
Figure 17 China Held the Largest Share of the Traction Transformer Market in 2016
Figure 18 Market, By Geography
Figure 19 DROC: Traction Transformer Market, 2016
Figure 20 Value Chain Analysis: Major Value is Added During the Manufacturing and Assembly Phase
Figure 21 Market: Porter’s Five Forces Analysis
Figure 22 Bargaining Power of Suppliers Expected to Have A High Impact on the Market
Figure 23 High Quality of Raw Materials to Have A Significant Impact on Bargaining Power of Suppliers
Figure 24 Moderate Switching Cost of Buyers’ to Have A Medium Impact on Bargaining Power of Buyers
Figure 25 Low Growth Rate of the Market to Have A Low Impact on Threat of New Entrants
Figure 26 No Direct Substitute Leading to Low Impact of Threat of Substitutes on the Market
Figure 27 Moderate Technology Differentiation Leading to Medium Impact of Competition
Figure 28 Market Segmentation, By Rolling Stock
Figure 29 Freight Locomotives to H0ld the Largest Share of the Traction Transformer Market for Electric Locomotives During the Forecast Period
Figure 30 APAC Expected to Witness the Highest Growth in the Traction Transformer Market for Freight Locomotives Between 2016 and 2022
Figure 31 APAC to Hold the Largest Share of the Traction Transformer Market for High-Speed Trains Between 2016 and 2022
Figure 32 North America to Witness the Highest Growth Rate in the Traction Transformer Market for Metros Between 2016 and 2022
Figure 33 Market Segmentation, By Mounting Position
Figure 34 Underframe Mounting Position Expected to Hold the Largest Size of the Market Between 2016 and 2022
Figure 35 Market Segmentation, By Overhead Line Voltage
Figure 36 Market for AC Overhead Line to Be the Largest and Fastest-Growing Between 2016 and 2022
Figure 37 Market Segmentation, By AC Overhead Line Voltage
Figure 38 Market Segmentation, By DC Overhead Line Voltage
Figure 39 Traction Transformer Market in the U.K. to Grow at the Highest Rate During the Forecast Period
Figure 40 North America: Market Snapshot
Figure 41 U.S. to Witness Higher Growth Rate in the North American Traction Transformer Market for Passenger Locomotives During the Forecast Period
Figure 42 Europe: Traction Transformer Market Snapshot
Figure 43 Russia Expected to Hold the Largest Share of the Traction Transformer Market in Europe Between 2016 and 2022
Figure 44 Spain to Witness the Highest Growth Rate in the Traction Transformer Market for Passenger Locomotives in Europe Between 2016 and 2022
Figure 45 APAC: Market Snapshot
Figure 46 China to Hold the Largest Share of the Market in APAC During the Forecast Period
Figure 47 India to Grow at the Highest CAGR in the Market for Passenger Locomotives in APAC Between 2016 and 2022
Figure 48 Middle East & Africa to Hold the Largest Share of the Market in RoW Between 2016 and 2022
Figure 49 RoW: Market Snapshot
Figure 50 Companies Adopted Contracts as the Key Growth Strategy Between 2014 and 2016
Figure 51 Battle for Market Share: Contracts Was the Key Strategy Adopted Between 2014 and 2016
Figure 52 Geographic Revenue Mix of Top Players
Figure 53 ABB Ltd.: Company Snapshot
Figure 54 ABB Ltd.: SWOT Analysis
Figure 55 Alstom SA: Company Snapshot
Figure 56 Alstom SA: SWOT Analysis
Figure 57 JST Transformateurs: SWOT Analysis
Figure 58 Mitsubishi Electric Corporation: Company Snapshot
Figure 59 Mitsubishi Electric Corporation: SWOT Analysis
Figure 60 Siemens AG: Company Snapshot
Figure 61 Siemens AG: SWOT Analysis
Figure 62 EMCO Limited: Company Snapshot
Figure 63 Hind Rectifiers Limited: Company Snapshot

The traction transformer market is expected to be valued at USD 724.2 Million by 2022, growing at a CAGR of 4.6% between 2016 and 2022. The growth of this market is propelled by the increased government spending for the rail infrastructure development, shift toward low carbon rail transport, and liberalization of the rail transport network.

The traction transformer market for electric locomotives is expected to hold a large share of the overall market and is also expected to grow at the highest rate between 2016 and 2022. The growth of the market is driven by the rising population, growing demand for rail transportation, and increasing preference for moving goods by rail over road transportation.

The traction transformer market for underframe mounting is expected to lead the overall market in 2016 because of the increased space for passenger capacity and improved comfort level of passengers. The market for machine room mounting is expected to grow at a high rate between 2016 and 2022. Machine room mounting plays an integral role for providing maximum flexibility and reliability in single and multiphase rail systems.

Traction transformer market for AC overhead line is expected to hold the largest share of the overall market and expected to grow at the highest rate between 2016 and 2022. The majority of electric traction systems are equipped with AC overhead lines because of the advantage of low power losses over longer distance travel.

Traction Transformer (Onboard) Market

APAC is expected to hold the largest share of the traction transformer market during the forecast period. Countries such as China, Japan, India, South Korea, Taiwan, and Australia are majorly driving the growth of the traction transformer market in Asia-Pacific. These countries are increasing the number of trains for reliable transportation. Further, the increasing investment in high-speed rail network, development of new lines, and expansion of existing rail networks are driving the demand for traction transformers in APAC.

North America is expected to be the fastest-growing market for traction transformers between 2016 and 2022. The major driving factors for the growth of the market in North America include rapid industrialization and modernization, government funding and support in the U.S. for the development and implementation of high-speed trains and metros in the country, and improvement in rail infrastructure.

The key restraining factors for the growth of the traction transformer market include the high cost incurred for the electrification of rail network and the dominance of diesel-powered rail engines in certain countries such as the U.K., Taiwan, Mexico, and Brazil, among others.

The key market players such as ABB Ltd. (Switzerland) and Alstom SA (France) are focusing on strategies such as contracts and new product launches to provide the best possible services to their customers and expand their business globally.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Electronics System and Components Markets on KnowledgeStore
Request Demo