The global demand for electric traction systems has witnessed a steady rise in the past few years. Factors such as modernization of passenger railcars and growing urbanization, coupled with increase in electric locomotives, have primarily been the key driving forces for the market in the past few years. Furthermore, rise in induction of air-conditioned coaches has greatly increased the demand for electric traction systems, to complement the increased uptake of power. Significant transformation in railway connectivity, metro connectivity, and other rail-based transports are expected to further propel the market for electric traction systems in the near future.
Transparency Market Research estimates that the market, which was valued in terms of revenue US$342.94 bn in 2016, will reach US$426.54 bn by 2025, at a CAGR of 2.5% from 2017 to 2025.
On the basis of type, the market for electric traction systems has been segmented in the report into electric traction transformer, electric traction motor, electric traction generator, electric traction inverter, electric traction converters, and others.
Of these, the segment of electric traction motor accounted for a massive 63% of the global electric transformer market in 2016. Being one of the most important components of electric traction systems, traction motors find extensive demand across numerous applications. Traction motors act as the primary driving force for all railway vehicles, hence the massive share in the global market. However, the segment is expected to exhibit moderate growth over the forecast period, witnessing a slight decline in its present share in the global market by end of the forecast period.
However, the others segment, which covers the components of electric traction systems that are necessary for the proper functioning of all other traction system components and are required for installation, is expected to lead in terms of growth rate over the report’s forecast period. The growth in all the product segments have been promoting the growth of others segment. The segment is expected to exhibit a 3.5% CAGR over the forecast period, witnessing a substantial rise in its present share by the end of the forecast period.
In terms of geography, the market for electric traction systems in Asia Pacific dominated the global market in 2016, accounting more over 35.0% of the global market. China and India held the dominant share in the Asia Pacific electric traction systems market in the said year, followed by Australia and Japan. Improvements in the transpiration infrastructure in the region, which includes metro rail systems, high speed bullet trains, hybrid electric vehicles, and railway connections, have remained key to the strong growth observed for electric traction systems in Asia Pacific. Over the next few years, the rising demand for rolling stock for narrow gauge and industrial railways, including diesel-electric, hybrid, and electric locomotives, will continue to contribute to the positive development of the electric traction systems in this region.
Europe held the second leading position in the global electric traction systems market in terms of revenue contribution in 2016. Russia and Commonwealth of Independent State (CIS) countries are leading the market for electric traction systems, followed by Germany. The market in the region is primarily driven by the gradual shift from diesel-based to diesel-electric locomotives and electric locomotives. Government initiatives toward improving the transportation system, especially railways fuel the growing demand for electric traction systems across Europe, apart from stringent regulations related to the emission of harmful gases from trains or any sort of vehicles.
Some of the leading players in the market are ABB, Ltd. (Switzerland), Alstom S.A., The KON?AR Group, Siemens AG, Delphi Automotive LLP, Voith GmbH , Mitsubishi Electric Corporation, Schneider Electric SE, The Curtiss-Wright Corporation, Prodrive Technologies, Toshiba Corporation, General Electric, Co., CG Power and Industrial Solutions Ltd., Bombardier Inc., American Traction Systems, VEM Group, Caterpillar Inc., TTM Rail - Transtech Melbourne Pty Ltd., Kawasaki Heavy Industries Ltd., Traktionssysteme Austria GmbH, Hyundai Rotem Company , Hitachi, Ltd., and Ansaldo Signalling.
The worldwide interest for electric traction systems is on the rise since the past couple of years. Factors like modernization of traveler railcars and developing urbanization, combined with expansion in electric trains, have fundamentally been the key main impetuses for the market in the previous few years. Besides, ascend in acceptance of cooled mentors has extraordinarily expanded the interest for electric system frameworks, to supplement the expanded take-up of force. Huge change in rail line availability, metro network, and other rail-based vehicles are required to additionally impel the market for electric foothold frameworks sooner rather than later.
With the rapid growth of urbanization, modernization of traveler railcars, and the colossal ascent in the usage of electric trains, the global market for electric traction systems is generating revenues. The enduring rising in rail route traffic in creating and created economies is empowering railroad associations, government specialists, and moving stock makers to focus on modernizing traveler railcars. Plus, the ascent in prominence of AC mentors has additionally upheld the interest for electric traction systems, as force usage of vehicles increment to help ACs.
Demographically, the market for electric traction systems in Asia Pacific earned the largest share in the market in 2016. China and India held the predominant offer in the Asia Pacific electric traction systems market in the said year, trailed by Australia and Japan. Betterment of the transpiration infrastructure in this region, including metro rail systems, high velocity shot trains, half breed electric vehicles, and rail line associations, are key to the growth of this regional market for electric traction systems. In the near future, the rising interest for moving stock for tight check and mechanical rail lines, including diesel-electric, crossover, and electric trains, will keep on adding to the positive improvement of the electric traction systems in this district.
The electric traction systems market has been segmented as follows:
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by Type |
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by End-use Industry |
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by Region |
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Asia Pacific is the leading region with the largest market share.
Increased rate of urbanization, modernization of passenger railcars, combined with the tremendous rise in the utilization of electric trains, have been the major drivers of the global market for electric traction systems.
The market is projected to reach US$426.54 Bn by 2025.
The market is projected to grow at a CAGR of 2.5% during the forecast period.
The Electric Traction Systems Market is studied from 2017 - 2025.
Section 1 Preface
Section 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms used
2.2 Research Methodology
Section 3 Executive Summary : Global Electric Traction Systems Market
3.1 Executive Summary
Section 4 Global Electric Traction Systems MarketOverview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunity
4.3 Global Electric Traction Systems Market Analysis and Forecast, 2016 - 2025
4.3.1 Description
4.4 Global Market Attractiveness Analysis (2016), By Type
4.5 Global Electric Traction Systems Market: Competitive Landscape (2016)
4.5.1 Market Positioning of Key Players , 2016
4.5.2 Competitive strategies adopted by leading players
4.6 Patent Analysis
Section 5 Global Electric Traction Systems Market Analysis, By Type 2016 - 2025
5.1 Global Electric Traction Systems Market, By Type: Definitions
5.2 Global Electric Traction Systems Market, By Type: Key Trends
5.3 Global Electric Traction Systems Market, By Type, 2016 Vs 2025
5.4 Global Electric Traction Systems Market Size and Forecast, By Type, 2016 – 2025
5.4.1 Electric Traction Transformer
5.4.2 Electric Traction Motor
5.4.3 Electric Traction Generator
5.4.4 Electric Traction Inverter
5.4.5 Electric Traction Converter
5.4.6 Others
Section 6 Global Electric Traction Systems Market Analysis, By End-use Indusrty2016 - 2025
6.1 Global Electric Traction Systems Market, By End-use Industry: Definitions
6.2 Global Electric Traction Systems Market, By End-use Industry: Key Trends
6.3 Global Electric Traction Systems Market, By End-use Industry, 2016 Vs 2025
6.4 Global Electric Traction Systems Market Size and Forecast, By End-use Industry,2016 – 2025
6.4.1 Automotive
6.4.2 Oil & Gas
6.4.3 Power Engineering/Electrical Engineering
6.4.4 Mining
6.4.5 Transportation
6.4.6 Others
6.4.5.1 Railways
6.4.5.2 Others
6.4.5.1 Railways By Type
Section 7 Global Electric Traction Systems Market Analysis, by Region 2016 – 2025
7.1 Geographic Scenario, by Revenue
7.2 Global Electric Traction Systems Market Value Share Analysis, by Region
7.3 Global Electric Traction Systems Market Value Share Analysis, by Region 2016 Vs 2025
Section 8 North America Electric Traction Systems Market Analysis, 2016 - 2025
8.1 North America Electric Traction Systems Market: Overview
8.2 North America Electric Traction Systems Market, by Type
8.3 North America Electric Traction Systems Market, by End-use Industry
8.4 North America Electric Traction Systems Market, by Country
Section9 Europe Electric Traction Systems Market Analysis, 2016 - 2025
9.1 Europe Electric Traction Systems Market: Overview
9.2 Europe Electric Traction Systems Market, by Type
9.3 Europe Electric Traction Systems Market, by End-use Industry
9.4 Europe Electric Traction Systems Market, by Country
Section 10 Asia Pacific Electric Traction Systems Market Analysis, 2016 - 2025
10.1 Asia Pacific Electric Traction Systems Market: Overview
10.2 Asia Pacific Electric Traction Systems Market, by Type
10.3 Asia Pacific Electric Traction Systems Market, by End-use Industry
10.4 Asia Pacific Electric Traction Systems Market, by Country
Section 11 South America Electric Traction Systems Market Analysis, 2016 - 2025
11.1 South America Electric Traction Systems Market: Overview
11.2 South America Electric Traction Systems Market, by Type
11.3 South America Electric Traction Systems Market, by End-use Industry
11.4 South America Electric Traction Systems Market, by Country
Section 12 Middle East and Africa Electric Traction Systems Market Analysis, 2016 - 2025
12.1 Middle East and Africa Electric Traction Systems Market: Overview
12.2 Middle East and Africa Electric Traction Systems Market, by Type
12.3 Middle East and Africa Electric Traction Systems Market, by End-use Industry
12.4 Middle East and Africa Electric Traction Systems Market, by Country
Section 13 Company Profiles
13.1 ABB, Ltd.
13.1.1 Company Details
13.1.2 Company Description
13.1.3 Business Overview
13.1.4 SWOT Analysis
13.1.5 Financial Overview
13.1.6 Strategic Overview
13.2 Alstom SA
13.2.1 Company Details
13.2.2 Company Description
13.2.3 Business Overview
13.2.4 SWOT Analysis
13.2.5 Financial Overview
13.2.6 Strategic Overview
13.3 The KON?AR Group
13.3.1 Company Details
13.3.2 Company Description
13.3.3 Business Overview
13.3.4 SWOT Analysis
13.3.5 Financial Overview
13.3.6 Strategic Overview
13.4 Siemens AG
13.4.1 Company Details
13.4.2 Company Description
13.4.3 Business Overview
13.4.4 SWOT Analysis
13.4.5 Financial Overview
13.4.6 Strategic Overview
13.5 Delphi Automotive LLP
13.5.1 Company Details
13.5.2 Company Description
13.5.3 Business Overview
13.5.4 SWOT Analysis
13.5.5 Financial Overview
13.5.6 Strategic Overview
13.6 Voith GmbH
13.6.1 Company Details
13.6.2 Company Description
13.6.3 Business Overview
13.6.4 SWOT Analysis
13.6.5 Financial Overview
13.6.6 Strategic Overview
13.7 Mitsubishi Electric Corporation
13.7.1 Company Details
13.7.2 Company Description
13.7.3 Business Overview
13.7.4 SWOT Analysis
13.7.5 Financial Overview
13.7.6 Strategic Overview
13.8 Curtiss-Wright Corporation
13.8.1 Company Details
13.8.2 Company Description
13.8.3 Business Overview
13.8.4 SWOT Analysis
13.8.5 Financial Overview
13.8.6 Strategic Overview
13.9 Prodrive Technologies
13.9.1 Company Details
13.9.2 Company Description
13.9.3 Business Overview
13.9.4 SWOT Analysis
13.9.5 Financial Overview
13.9.6 Strategic Overview
13.10 Toshiba Corporation
13.10.1 Company Details
13.10.2 Company Description
13.10.3 Business Overview
13.10.4 SWOT Analysis
13.10.5 Financial Overview
13.10.6 Strategic Overview
13.11 General Electric, Co.
13.11.1 Company Details
13.11.2 Company Description
13.11.3 Business Overview
13.11.4 SWOT Analysis
13.11.5 Financial Overview
13.11.6 Strategic Overview
13.12 CG Power and Industrial Solutions Ltd.
13.12.1 Company Details
13.12.2 Company Description
13.12.3 Business Overview
13.12.4 SWOT Analysis
13.12.5 Financial Overview
13.12.6 Strategic Overview
13.13 Bombardier Inc.
13.13.1 Company Details
13.13.2 Company Description
13.13.3 Business Overview
13.13.4 SWOT Analysis
13.13.5 Financial Overview
13.13.6 Strategic Overview
13.14 American Traction Systems
13.14.1 Company Details
13.14.2 Company Description
13.14.3 Business Overview
13.14.4 SWOT Analysis
13.14.5 Financial Overview
13.14.6 Strategic Overview
13.15 VEM Group
13.15.1 Company Details
13.15.2 Company Description
13.15.3 Business Overview
13.15.4 SWOT Analysis
13.15.5 Financial Overview
13.15.6 Strategic Overview
13.16 Caterpillar Inc.
13.16.1 Company Details
13.16.2 Company Description
13.16.3 Business Overview
13.16.4 SWOT Analysis
13.16.5 Financial Overview
13.16.6 Strategic Overview
13.17 TTM Rail - Transtech Melbourne Pty Ltd
13.17.1 Company Details
13.17.2 Company Description
13.17.3 Business Overview
13.17.4 SWOT Analysis
13.17.5 Financial Overview
13.17.6 Strategic Overview
13.18 Kawasaki Heavy Industries Ltd.
13.18.1 Company Details
13.18.2 Company Description
13.18.3 Business Overview
13.18.4 SWOT Analysis
13.18.5 Financial Overview
13.18.6 Strategic Overview
13.19 Traktionssysteme Austria GmbH
13.19.1 Company Details
13.19.2 Company Description
13.19.3 Business Overview
13.19.4 SWOT Analysis
13.19.5 Financial Overview
13.19.6 Strategic Overview
13.20 Hyundai Rotem Company
13.20.1 Company Details
13.20.2 Company Description
13.20.3 Business Overview
13.20.4 SWOT Analysis
13.20.5 Financial Overview
13.20.6 Strategic Overview
13.21 Hitachi, Ltd.
13.21.1 Company Details
13.21.2 Company Description
13.21.3 Business Overview
13.21.4 SWOT Analysis
13.21.5 Financial Overview
13.21.6 Strategic Overview
13.22 Ansaldo Signalling and Transportation Systems
13.22.1 Company Details
13.22.2 Company Description
13.22.3 Business Overview
13.22.4 SWOT Analysis
13.22.5 Financial Overview
13.22.6 Strategic Overview
13.23 Skoda Transpiration a.s.
13.23.1 Company Details
13.23.2 Company Description
13.23.3 Business Overview
13.23.4 SWOT Analysis
13.23.5 Financial Overview
13.23.6 Strategic Overview
13.24 Wabtec Corporation
13.24.1 Company Details
13.24.2 Company Description
13.24.3 Business Overview
13.24.4 SWOT Analysis
13.24.5 Financial Overview
13.24.6 Strategic Overview
13.25 Schneider Electric SE
13.25.1 Company Details
13.25.2 Company Description
13.25.3 Business Overview
13.25.4 SWOT Analysis
13.25.5 Financial Overview
13.25.6 Strategic Overview
List of Tables
TABLE 01 Number of Patents, by Region, 2011–2016
TABLE 02 Global Electric Traction Systems Market Size and Forecast, by Type, 2016 – 2025
TABLE 03 Global Electric Traction Systems Market Size and Forecast, by End Use Industry, 2016 – 2025
TABLE 04 Global Electric Traction Systems Market Size and Forecast, by Transportation, 2016 – 2025
TABLE 05 Global Electric Traction Systems Market Size and Forecast, Railways by Type, 2016 – 2025
TABLE 06 North America Electric Traction Systems Market Size (USD Bn) Forecast, by Type, 2016–2025
TABLE 07 North America Electric Traction Systems Market Size (USD Bn) Forecast, by End-use Industry, 2016 – 2025
TABLE 08 North America Electric Traction Systems Market Size (USD Bn) Forecast, by Transportation, 2016–2025
TABLE 09 North America Electric Traction Systems Market Size (USD Bn) Forecast, by Railways, by Type, 2016–2025
TABLE 10 North America Electric Traction Systems Market Size (USD Bn) Forecast, by Country, 2016–2025
TABLE 11 Europe Electric Traction Systems Market Size (USD Bn) Forecast, by Type, 2016–2025
TABLE 12 Europe Electric Traction Systems Market Size (USD Bn) Forecast, by End-use Industry, 2016 – 2025
TABLE 13 Europe Electric Traction Systems Market Size (USD Bn) Forecast, by Transportation, 2016–2025
TABLE 14 Europe Electric Traction Systems Market Size (USD Bn) Forecast, by Railways, by Type, 2016–2025
TABLE 15 Europe Electric Traction Systems Market Size (USD Bn) Forecast, by Country, 2016–2025
TABLE 16 Asia Pacific Electric Traction Systems Market Size (USD Bn) Forecast, by Type, 2016–2025
TABLE 17 Asia Pacific Electric Traction Systems Market Size (USD Bn) Forecast, by End-use Industry, 2016 – 2025
TABLE 18 Asia Pacific Electric Traction Systems Market Size (USD Bn) Forecast, by Transportation, 2016–2025
TABLE 19 Asia Pacific Electric Traction Systems Market Size (USD Bn) Forecast, by Railways, by Type, 2016–2025
TABLE 20 Asia Pacific Electric Traction Systems Market Size (USD Bn) Forecast, by Country, 2016–2025
TABLE 21 South America Electric Traction Systems Market Size (USD Bn) Forecast, by Type, 2016–2025
TABLE 22 South America Electric Traction Systems Market Size (USD Bn) Forecast, by End-use Industry, 2016 – 2025
TABLE 23 South America Electric Traction Systems Market Size (USD Bn) Forecast, by Transportation, 2016–2025
TABLE 24 South America Electric Traction Systems Market Size (USD Bn) Forecast, by Railways, by Type, 2016–2025
TABLE 25 South America Electric Traction Systems Market Size (USD Bn) Forecast, by Country, 2016–2025
TABLE 26 Middle East & Africa Electric Traction Systems Market Size (USD Bn) Forecast, by Type, 2016–2025
TABLE 27 Middle East & Africa Electric Traction Systems Market Size (USD Bn) Forecast, by End-use Industry, 2016 – 2025
TABLE 28 Middle East & Africa Electric Traction Systems Market Size (USD Bn) Forecast, by Transportation, 2016–2025
TABLE 29 Middle East & Africa Electric Traction Systems Market Size (USD Bn) Forecast, by Railways, by Type, 2016–2025
TABLE 30 Middle East & Africa Electric Traction Systems Market Size (USD Bn) Forecast, by Country, 2016–2025
List of Figures
FIG. 01 Global Electric Traction Systems Market Analysis and Forecast, 2016 – 2025 (USD Bn)
FIG. 02 Global Electric Traction Systems Market: Market Attractiveness Analysis (2016), By Type
FIG. 03 Global Electric Traction Systems Market: Competitive Landscape (2016)
FIG. 04 Number of Patents Filed Globally, 2011–2016
FIG. 05 Global Electric Traction Systems Market, by Type, 2016 Vs 2025
FIG. 06 Global Electric Traction Systems Market Size and Forecast, by Electric Traction Transformer, 2016-2025 (USD Bn)
FIG. 07 Global Electric Traction Systems Market Size and Forecast, by Electric Traction Motor, 2016-2025 (USD Bn)
FIG. 08 Global Electric Traction Systems Market Size and Forecast, by Electric Traction Generator, 2016-2025 (USD Bn
FIG. 09 Global Electric Traction Systems Market Size and Forecast, by Electric Traction Inverter, 2016-2025 (USD Bn)
FIG. 10 Global Electric Traction Systems Market Size and Forecast, by Electric Traction Converter, 2016-2025 (USD Bn)
FIG. 11 Global Electric Traction Systems Market Size and Forecast, by Others, 2016-2025 (USD Bn)
FIG. 12 Global Electric Traction Systems Market, by End Use Industry, 2016 Vs 2025
FIG. 13 Global Electric Traction Systems Market Size and Forecast, by Automotive, 2016-2025 (USD Bn)
FIG. 14 Global Electric Traction Systems Market Size and Forecast, by Oil & Gas, 2016-2025 (USD Bn)
FIG. 15 Global Electric Traction Systems Market Size and Forecast, by Power Engineering / Electrical Engineering, 2016-2025 (USD Bn)
FIG. 16 Global Electric Traction Systems Market Size and Forecast, by Mining, 2016-2025 (USD Bn)
FIG. 17 Global Electric Traction Systems Market Size and Forecast, by Mining, 2016-2025 (USD Bn
FIG. 18 Global Electric Traction Systems Market Size and Forecast, by Mining, 2016-2025 (USD Bn)
FIG. 19 Global Electric Traction Systems Market Size and Forecast, Transportation by Railways, 2016-2025 (USD Bn)
FIG. 20 Global Electric Traction Systems Market Size and Forecast, Transportation by Others, 2016-2025 (USD Bn)
FIG. 21 Global Electric Traction Systems Market, Railways by Type, 2016 Vs 2025
FIG. 22 Global Electric Traction Systems Market Value Share Analysis, by Region, 2016 Vs 2025
FIG. 23 North America Electric Traction Systems Market Revenue Share Analysis, by Type, 2016 and 2025
FIG. 24 North America Electric Traction Systems Market Revenue Share Analysis, by End-use Industry, 2016 and 2025
FIG. 25 North America Electric Traction Systems Market Revenue Share Analysis, by Country, 2016 and 2025
FIG. 26 Europe Electric Traction Systems Market Revenue Share Analysis, by Type, 2016 and 2025
FIG. 27 Europe Electric Traction Systems Market Revenue Share Analysis, by End-use Industry, 2016 and 2025
FIG. 28 Europe Electric Traction Systems Market Revenue Share Analysis, by Country, 2016 and 2025
FIG. 29 Asia Pacific Electric Traction Systems Market Revenue Share Analysis, by Type, 2016 and 2025
FIG. 30 Asia Pacific Electric Traction Systems Market Revenue Share Analysis, by End-use Industry, 2016 and 2025
FIG. 31 Asia Pacific Electric Traction Systems Market Revenue Share Analysis, by Country, 2016 and 2025
FIG. 32 South America Electric Traction Systems Market Revenue Share Analysis, by Type, 2016 and 2025
FIG. 33 South America Electric Traction Systems Market Revenue Share Analysis, by End-use Industry, 2016 and 2025
FIG. 34 South America Electric Traction Systems Market Revenue Share Analysis, by Country, 2016 and 2025
FIG. 35 Middle East & Africa Electric Traction Systems Market Revenue Share Analysis, by Type, 2016 and 2025
FIG. 36 Middle East & Africa Electric Traction Systems Market Revenue Share Analysis, by End-use Industry, 2016 and 2025
FIG. 37 Middle East & Africa Electric Traction Systems Market Revenue Share Analysis, by Country, 2016 and 2025
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Electric Traction Systems Market Forecast Analysis Report
