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Traction Transformer Market Growth, Forecast 2021-2031

Traction Transformer Market (Type: Tap Changing, Tapped, and Rectifier; Line Voltage: AC (1.2 KV, 15 KV, 20 KV, and 25KV) and DC (0.75 KV, 1.5KV, 3 KV, and Above 3KV); Application: High-speed Commuter & Regional Trains, Electric Locomotive, Electrical Multiple Units (EMUS), Tram Trains, Metros, and Diesel Locomotive; and Mounting Location: Machine Room, Roof, and Underframe) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Companies Take Data-driven Decisions on M&A Deals amid COVID-19 Crisis

Analysts at Transparency Market Research opine that 2020 was supposed to be the semiconductor industry’s year of recovery after a series of merger & acquisition (M&A) deal made in 2019. However, the COVID-19 crisis has greatly influenced business decisions, thus affecting many M&A deals. Nevertheless, companies in the traction transformer market are taking data-driven decisions before entering into mergers and acquisitions.

Companies in the traction transformer market are focusing on positive or limited negative sectors such as high-speed commuter & regional applications, trains, and electric locomotives to keep the economies running. Mission-critical projects related to engineering and infrastructure are creating income sources for market stakeholders. Companies are rethinking supply networks and diversifying their supply chains to avoid putting all eggs in one geographical basket.

traction transformer market infographic

Traction Transformers Fueling Demand for Electrical Insulation Composite Materials

The traction transformer market is projected to advance at a CAGR of 5.2% during the forecast period. This is evident since there is a need of special components for traction transformers. Elektro-Isola - a materials company in Vejle, Denmark, is capitalizing on this opportunity to provide electromechanical composite materials for traction transformers in the range of Etronit, Etronax, and G-Etronax, respectively.

There is a demand for electrical insulation composite materials in the traction transformer market based on paper and glass materials. Excellent electrotechnical properties of these materials play a crucial role in the production of traction transformer components.

Custom-made Solutions Grow Prominent in Traction Transformers Used in Trains

Traction transformers are critical components in the traction chain, affecting both train performance and operator services. Hitachi ABB Power Grids - a global pioneer in power technologies, is being recognized for its comprehensive portfolio of traction transformers that are being extensively used in tram trains, AC metros and high speed, commuter & regional trains.

Engineers are looking for companies with decades of experience in the field of traction transformers. In order to boost credibility, companies in the traction transformer market are offering custom-made solutions to withstand physical and operating constraints. The burgeoning growth of the high-speed rail sector is creating revenue opportunities for semiconductor companies. The total weight of transformers is a crucial factor in the development of high-speed trains.

Preference for Maximum Reliability and Economic Efficiency in Railway Transformers

The traction transformer market is predicted to mature from a revenue of US$ 1.08 Bn in 2020 and reach US$ 1.87 Bn by 2031. There is a demand for customized and state-of-the-art railway transformers. Siemens Energy— a multinational energy technology company, is increasing efforts to meet this demand to offer maximum reliability, economic efficiency, and safety in railway transformers.

Manufacturers in the traction transformer market are designing single-phase and multi-phase units for rail operators and train manufacturers. Companies are maintaining a stellar track record by establishing a refined system for global logistics and by adhering to internationally binding quality standards.

Next-gen Traction Transformers Increasingly Replacing Traditional Fan-based Cooling Systems

Compact, lightweight, and exceptionally reliable traction transformers are being preferred for locomotives. Manufacturers in the traction transformer market are increasing their R&D capabilities to engineer units that help to withstand harsh and demanding environments. Traction transformers for locomotives are being designed to power heavy freight loads over long distances and on tracks with many challenges such as excessive wear, steep profiles, and short curve radii, among others.

Stakeholders in the traction transformer market are providing high level technical experience that facilitates the delivery of traction transformer technology regardless of the constraints faced by commuter train suppliers.

On the other hand, natural and sustainable cooling systems are gaining popularity in traction transformers that optimize cost and improves reliability. Constant innovation and technological enhancement is necessary in the field of traction transformers. Next-gen traction transformers are increasingly replacing traditional fan-based cooling systems by offering a natural and sustainable airflow of the trains’ motion.

traction transformer market segmentation

Analysts’ Viewpoint

Companies in the traction transformers are pursuing M&A deals that will help to build a more sustainable and forward-thinking company, owing to the disruptions caused by the COVID-19 outbreak. Conventional traction transformers are subject to substantial energy losses, which heat-up the internal windings. Hence, companies in the traction transformer market should innovate in natural and sustainable cooling systems for traction transformers that reduce cost associated with the maintenance of traditional units. On the other hand, there is a growing demand for electrical insulation composite materials that play a pivotal role in the production of traction transformers. Customer-specific materials are being developed to provide exceptional electrical insulation and mechanical properties in traction transformers.

Traction Transformer Market: Overview

  • According to Transparency Market Research’s latest research report on the global traction transformer market for the historical period of 2017–2019 and the forecast period from 2021–2031, expansion of intra-city travel is estimated to boost the demand for locomotives, consequently, propelling the traction transformer market during the forecast period
  • In terms of revenue, the global traction transformer market is estimated to reach the value of US$ 1.87 Bn by 2031, expanding at a CAGR of 5.2% during the forecast period
  • The global traction transformer market has been segmented based on type, line voltage, mounting location, and application. In terms of type, the tap changing segment is projected to expand at a CAGR of 5.4% for the period 2021 to 2031. This is owing to its features and benefits and high usage in traction transformers installed in high speed railways.
  • Based on application, the electric locomotive segment of the global traction transformer market is expected to expand at a CAGR of 5.5% from 2021 to 2031, due to rise in adoption of these locomotives by various governments for quicker acceleration and lower fuel costs

Rise in Adoption of Electrical System in Rolling Stock: Key Driver

  • In most countries across the world, the railway is a government entity and governments across the world are focusing on electrification of existing rail network or development of new electrical rail network, as it offers substantially better energy-efficiency, lower emissions, low noise, and lower operating costs
  • A railway electrification system supplies electric power to railway trains and trams without an on-board prime mover or local fuel supply. This reduces the overall weight of the locomotive and hence, the speed of locomotive increases.
  • Considering the factors mentioned above, adoption of electrical system in railways has been increasing for the past few decades, and it is estimated to increase in the near future. Hence, rise in integration of electrical systems in railways is projected to boost the demand for traction systems in electric locomotives and consequently, boost the traction transformer market during the forecast period.

Increase in Demand for Metro and High-speed Railway in Developing Countries

  • Rapid urbanization is fueling the demand for a transportation mode that is fast, frequent, and able to handle passengers during rush hours. In large cities, demand for metro for intra-city travel and high-speed railways for inter-city travel is considerably high.
  • Metro rails and high-speed railways are often given preference due to the belief that road-based bus systems cannot cater to capacity requirements as much as metro systems
  • Metro rails are also perceived to offer higher levels of comfort, speed, and efficiency, as compared to bus systems, making them more attractive to both policymakers and potential users of the system
  • Increased adoption of rail traction systems in both traditional and next-generation locomotives such as electric locomotives, high-speed trains, and tram-trains in order to cater to the rising number of passengers and travel routes is expected to drive the market
  • These factors are anticipated to drive the adoption of metro and high-speed railways, which, in turn, is projected to create significant opportunities for traction transformer market during the forecast period

Traction Transformer Market: Competition Landscape

  • Detailed profiles of providers of traction transformer have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global traction transformer market are
    • Hitachi ABB Power Grids Ltd
    • Siemens AG
    • Toshiba Corporation
    • Mitsubishi Electric Corporation
    • SPX Transformer Solutions Inc.
    • MGM Transformer
    • Neeltran
    • Altrafo Srl
    • Alstom SA
    • JST Transformateurs

Traction Transformer Market: Key Developments

  • Key providers of traction transformer, such as Teledyne FLIR LLC, Hamamatsu Photonics Kk, and Lynred, are focusing on technological developments. Some other key developments in the global traction transformer market have been highlighted below:
    • In June 2021, Hitachi ABB Power Grids Ltd launched path-breaking traction transformers for sustainable mobility. The RESIBLOC Rail 25 kV and Natural Cooling Effilight Traction Transformer are designed to improve reliability and reduce total operating costs.
    • In June 2019, Siemens AG supplied propulsion system to Indian Railways. The company is equipping the Railways 9,000 HP electric locomotive with the first indigenously designed and produced integrated propulsion system and steel tank transformer.
    • In October 2018, Alstom SA launched the production of on-board transformers for the electric locomotives in the EKZ joint venture in Astana, Kazakhstan. Starting the production of on-board transformers, EKZ became a significant manufacturer for such components for Alstom globally. The production capacity is expected to be 300 transformers per year with 100 employees at full capacity.
    • In December 2017, Mitsubishi Electric Corporation announced that it would be the first Japan-based company to supply the French National Railways (SNCF) with prototype traction transformers for the Z2N commuter train operating in Paris and its suburbs and T4 tram trains also operating in the Parisian suburbs. The orders were made possible by Mitsubishi Electric, becoming the first Japan-based company to be certified by SNCF as a propulsion systems supplier, effective immediately.
  • In the global traction transformer market report, we have discussed individual strategies, followed by company profiles of providers of traction transformers. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global traction transformer market.

Traction Transformer Market Snapshot

Attribute

Detail

Market Size Value in 2020 (base year)

US$ 1.08 Bn

Market Forecast Value in 2031

US$ 1.87 Bn

Growth Rate (CAGR)

5.2%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value & Units for Volume

Market analysis

It includes cross segment analysis at global as well as regional level. Further, qualitative analysis includes drivers, restraints, opportunities, key trends, porters five forces analysis, supply chain analysis, parent industry overview, etc.

Competition Landscape
  • Market Share Analysis by Company (2020)
  • Company Profiles includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, key financials, etc.

Format

Electronic (PDF) or word + Excel

Market Segmentation
  • Type
    • Tap Changing
    • Tapped
    • Rectifier
  • Line Voltage
    • AC
      • 1.2 KV
      • 15 KV
      • 20 KV
      • 25KV
      • Above 25KV
    • DC
      • 0.75 KV
      • 1.5KV
      • 3 KV
      • Above 3KV
  • Mounting Location
    • Machine Room
    • Roof
    • Underframe
  • Application
    • High-speed commuter & Regional Trains
    • Electric Locomotive
    • Electrical Multiple Units (EMUS)
    • Tram Trains
    • Metros
    • Diesel Locomotive

Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered
  • U.S.
  • Canada
  • Rest of North America
  • Germany
  • U.K.
  • France
  • Italy
  • Russia
  • Japan
  • China
  • India
  • South Korea
  • ASEAN
  • Brazil
  • Argentina
  • GCC Countries
  • South Africa
  • North Africa

Companies Profiled
  • Hitachi ABB Power Grids Ltd
  • Siemens AG
  • Toshiba Corporation,
  • Mitsubishi Electric Corporation
  • SPX Transformer Solutions Inc.
  • MGM Transformer,
  • Neeltran
  • Altrafo Srl,
  • Alstom SA,
  • JST Transformateurs

Customization Scope

Available upon Request

Pricing

Available upon Request

Frequently Asked Questions

What is the Traction Transformer Market size?

Traction Transformer Market is projected to reach US $1.87 Bn by 2031

What is the CAGR for Traction Transformer Market?

Traction Transformer Market is expected to grow at a CAGR of 5.2% during 2021-2031

What is the Study Period of Traction Transformer Market?

Traction Transformer Market is studied from 2021-2031

Who are the key players in the Traction Transformer Market?

Key vendors in the Traction Transformer Market are Hitachi ABB Power Grids Ltd, Siemens AG, Toshiba Corporation, Mitsubishi Electric Corporation, SPX Transformer Solutions Inc., MGM Transformer, Neeltran , Altrafo Srl, Alstom SA, and JST Transformateurs.

Which Region Lead Traction Transformer Market?

Asia Pacific region Takes Lead in the Traction Transformer Market

1. Preface

    1.1. Market Introduction

    1.2. Market and Segments Definition

    1.3. Market Taxonomy

    1.4. Research Methodology

    1.5. Assumption and Acronyms

2. Executive Summary

    2.1. Global Traction Transformer Market Analysis and Forecast

    2.2. Regional Outline

    2.3. Market Dynamics Snapshot

    2.4. Competition Blueprint

3. Market Dynamics

    3.1. Macro-economic Factors

    3.2. Key Market Indicator

    3.3. Drivers

        3.3.1. Economic Drivers

        3.3.2. Supply Side Drivers

        3.3.3. Demand Side Drivers

    3.4. Market Restraints and Opportunities

    3.5. Market Trends

        3.5.1. Demand Side

        3.5.2. Supply Side

    3.6. Regulatory Framework

4. Associated Industry and Key Indicator Assessment

    4.1. Parent Industry Overview

    4.2. Impact of Covid-19 Pandemic

    4.3. Supply Chain Analysis

    4.4. Type Roadmap Analysis

    4.5. Industry SWOT Analysis

    4.6. Porter Five Forces Analysis

5. Global Traction Transformer Market Analysis, by Type

    5.1. Global Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Type, 2017‒2031

        5.1.1. Tap Changing

        5.1.2. Tapped

        5.1.3. Rectifier

    5.2. Market Attractiveness Analysis, by Type

6. Global Traction Transformer Market Analysis, by Line Voltage

    6.1. Global Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Line Voltage, 2017‒2031

        6.1.1. AC

            6.1.1.1. 1.2 KV

            6.1.1.2. 15 KV

            6.1.1.3. 20 KV

            6.1.1.4. 25KV

            6.1.1.5. Above 25KV

        6.1.2. DC

            6.1.2.1. 0.75 KV

            6.1.2.2. 1.5KV

            6.1.2.3. 3 KV

            6.1.2.4. Above 3KV

    6.2. Global Traction Transformer Market Attractiveness Analysis, by Line Voltage

7. Global Traction Transformer Market Analysis, by Application

    7.1. Global Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Type, 2017‒2031

        7.1.1. High-speed commuter & Regional

        7.1.2. Trains

        7.1.3. Electric Locomotive

        7.1.4. Electrical Multiple Units (EMUS)

        7.1.5. Tram Trains

        7.1.6. Metros

        7.1.7. Diesel Locomotive

    7.2. Global Traction Transformer Market Attractiveness Analysis, by Application

8. Global Traction Transformer Market Analysis, by Mounting Location

    8.1. Global Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Mounting Location, 2017‒2031

        8.1.1. Machine Room

        8.1.2. Roof

        8.1.3. Underframe

    8.2. Global Traction Transformer Market Attractiveness Analysis, by Mounting Location

9. Global Traction Transformer Market Analysis and Forecast, by Region

    9.1. Global Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Region, 2017 – 2031

        9.1.1. North America

        9.1.2. Europe

        9.1.3. Asia Pacific

        9.1.4. Middle East & Africa

        9.1.5. South America

    9.2. Global Traction Transformer Market Attractiveness Analysis, by Region

10. North America Traction Transformer Market Analysis and Forecast

    10.1. Market Snapshot

    10.2. Key Trends Analysis

    10.3. Drivers and Restraints: Impact Analysis

    10.4. Pricing Analysis

    10.5. Key Regulations

    10.6. North America Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Type, 2017‒2031

        10.6.1. Tap Changing

        10.6.2. Tapped

        10.6.3. Rectifier

    10.7. North America Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Line Voltage, 2017‒2031

        10.7.1. AC

            10.7.1.1. 1.2 KV

            10.7.1.2. 15 KV

            10.7.1.3. 20 KV

            10.7.1.4. 25KV

            10.7.1.5. Above 25KV

        10.7.2. DC

            10.7.2.1. 0.75 KV

            10.7.2.2. 1.5KV

            10.7.2.3. 3 KV

            10.7.2.4. Above 3KV

    10.8. North America Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        10.8.1. High-speed commuter & Regional

        10.8.2. Trains

        10.8.3. Electric Locomotive

        10.8.4. Electrical Multiple Units (EMUS)

        10.8.5. Tram Trains

        10.8.6. Metros

        10.8.7. Diesel Locomotive

    10.9. North America Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Mounting Location, 2017‒2031

        10.9.1. Machine Room

        10.9.2. Roof

        10.9.3. Underframe

    10.10. North America Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Country & Sub-region, 2017 – 2031

        10.10.1. U.S.

        10.10.2. Canada

        10.10.3. Rest of North America

    10.11. North America Traction Transformer Market Attractiveness Analysis

        10.11.1. By Type

        10.11.2. By Line Voltage

        10.11.3. By Application

        10.11.4. By Mounting Location

        10.11.5. By Country & Sub-region

11. Europe Traction Transformer Market Analysis and Forecast

    11.1. Market Snapshot

    11.2. Key Trends Analysis

    11.3. Drivers and Restraints: Impact Analysis

    11.4. Pricing Analysis

    11.5. Key Regulations

    11.6. Europe Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Type, 2017‒2031

        11.6.1. Tap Changing

        11.6.2. Tapped

        11.6.3. Rectifier

    11.7. Europe Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Line Voltage, 2017‒2031

        11.7.1. AC

            11.7.1.1. 1.2 KV

            11.7.1.2. 15 KV

            11.7.1.3. 20 KV

            11.7.1.4. 25KV

            11.7.1.5. Above 25KV

        11.7.2. DC

            11.7.2.1. 0.75 KV

            11.7.2.2. 1.5KV

            11.7.2.3. 3 KV

            11.7.2.4. Above 3KV

    11.8. Europe Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        11.8.1. High-speed commuter & Regional

        11.8.2. Trains

        11.8.3. Electric Locomotive

        11.8.4. Electrical Multiple Units (EMUS)

        11.8.5. Tram Trains

        11.8.6. Metros

        11.8.7. Diesel Locomotive

    11.9. Europe Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Mounting Location, 2017‒2031

        11.9.1. Machine Room

        11.9.2. Roof

        11.9.3. Underframe

    11.10. Europe Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        11.10.1. U.K.

        11.10.2. Germany

        11.10.3. France

        11.10.4. Italy

        11.10.5. Russia

        11.10.6. Rest of Europe

    11.11. Europe Traction Transformer Market Attractiveness Analysis

        11.11.1. By Type

        11.11.2. By Line Voltage

        11.11.3. By Application

        11.11.4. By Mounting Location

        11.11.5. By Country & Sub-region

12. Asia Pacific Traction Transformer Market Analysis and Forecast

    12.1. Market Snapshot

    12.2. Key Trends Analysis

    12.3. Drivers and Restraints: Impact Analysis

    12.4. Pricing Analysis

    12.5. Key Regulations

    12.6. Asia Pacific Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Type, 2017‒2031

        12.6.1. Tap Changing

        12.6.2. Tapped

        12.6.3. Rectifier

    12.7. Asia Pacific Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Line Voltage, 2017‒2031

        12.7.1. AC

            12.7.1.1. 1.2 KV

            12.7.1.2. 15 KV

            12.7.1.3. 20 KV

            12.7.1.4. 25KV

            12.7.1.5. Above 25KV

        12.7.2. DC

            12.7.2.1. 0.75 KV

            12.7.2.2. 1.5KV

            12.7.2.3. 3 KV

            12.7.2.4. Above 3KV

    12.8. Asia Pacific Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        12.8.1. High-speed commuter & Regional

        12.8.2. Trains

        12.8.3. Electric Locomotive

        12.8.4. Electrical Multiple Units (EMUS)

        12.8.5. Tram Trains

        12.8.6. Metros

        12.8.7. Diesel Locomotive

    12.9. Asia Pacific Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Mounting Location, 2017‒2031

        12.9.1. Machine Room

        12.9.2. Roof

        12.9.3. Underframe

    12.10. Asia Pacific Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        12.10.1. China Asia Pacific Traction Transformer

        12.10.2. India

        12.10.3. Japan

        12.10.4. South Korea

        12.10.5. ASEAN

        12.10.6. Rest of Asia Pacific

    12.11. Asia Pacific Traction Transformer Market Attractiveness Analysis

        12.11.1. By Type

        12.11.2. By Line Voltage

        12.11.3. By Application

        12.11.4. By Mounting Location

        12.11.5. By Country & Sub-region

13. Middle East & Africa (MEA) Traction Transformer Market Analysis and Forecast

    13.1. Market Snapshot

    13.2. Key Trends Analysis

    13.3. Drivers and Restraints: Impact Analysis

    13.4. Pricing Analysis

    13.5. Key Regulations

    13.6. Middle East & Africa Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Type, 2017‒2031

        13.6.1. Tap Changing

        13.6.2. Tapped

        13.6.3. Rectifier

    13.7. Middle East & Africa Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Line Voltage, 2017‒2031

        13.7.1. AC

            13.7.1.1. 1.2 KV

            13.7.1.2. 15 KV

            13.7.1.3. 20 KV

            13.7.1.4. 25KV

            13.7.1.5. Above 25KV

        13.7.2. DC

            13.7.2.1. 0.75 KV

            13.7.2.2. 1.5KV

            13.7.2.3. 3 KV

            13.7.2.4. Above 3KV

    13.8. Middle East & Africa Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        13.8.1. High-speed commuter & Regional

        13.8.2. Trains

        13.8.3. Electric Locomotive

        13.8.4. Electrical Multiple Units (EMUS)

        13.8.5. Tram Trains

        13.8.6. Metros

        13.8.7. Diesel Locomotive

    13.9. Middle East & Africa Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Mounting Location, 2017‒2031

        13.9.1. Machine Room

        13.9.2. Roof

        13.9.3. Underframe

    13.10. Middle East & Africa Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        13.10.1. GCC

        13.10.2. South Africa

        13.10.3. North Africa

        13.10.4. Rest of Middle East & Africa

    13.11. Middle East & Africa Traction Transformer Market Attractiveness Analysis

        13.11.1. By Type

        13.11.2. By Line Voltage

        13.11.3. By Application

        13.11.4. By Mounting Location

        13.11.5. By Country & Sub-region

14. South America Traction Transformer Market Analysis and Forecast

    14.1. Market Snapshot

    14.2. Key Trends Analysis

    14.3. Drivers and Restraints: Impact Analysis

    14.4. Pricing Analysis

    14.5. Key Regulations

    14.6. South America Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Type, 2017‒2031

        14.6.1. Tap Changing

        14.6.2. Tapped

        14.6.3. Rectifier

    14.7. South America Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Line Voltage, 2017‒2031

        14.7.1. AC

            14.7.1.1. 1.2 KV

            14.7.1.2. 15 KV

            14.7.1.3. 20 KV

            14.7.1.4. 25KV

            14.7.1.5. Above 25KV

        14.7.2. DC

            14.7.2.1. 0.75 KV

            14.7.2.2. 1.5KV

            14.7.2.3. 3 KV

            14.7.2.4. Above 3KV

    14.8. South America Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Application, 2017‒2031

        14.8.1. High-speed commuter & Regional

        14.8.2. Trains

        14.8.3. Electric Locomotive

        14.8.4. Electrical Multiple Units (EMUS)

        14.8.5. Tram Trains

        14.8.6. Metros

        14.8.7. Diesel Locomotive

    14.9. South America Traction Transformer Market Size (US$ Mn) Analysis & Forecast, by Mounting Location, 2017‒2031

        14.9.1. Machine Room

        14.9.2. Roof

        14.9.3. Underframe

    14.10. South America Traction Transformer Market Size (US$ Mn and Million Units) Analysis & Forecast, by Country & Sub-region, 2017‒2031

        14.10.1. Brazil

        14.10.2. Argentina

        14.10.3. Rest of South America

    14.11. South America Traction Transformer Market Attractiveness Analysis

        14.11.1. By Type

        14.11.2. By Line Voltage

        14.11.3. By Application

        14.11.4. By Mounting Location

        14.11.5. By Country & Sub-region

15. Competition Assessment

    15.1. Global Traction Transformer Market Competition Matrix - a Dashboard View

        15.1.1. Global Traction Transformer Market Company Share Analysis, by Value (2020) and Volume

        15.1.2. Technological Differentiator

16. Company Profiles (Manufacturers/Suppliers)

    16.1. Hitachi ABB Power Grids Ltd

        16.1.1. Overview

        16.1.2. Product Portfolio

        16.1.3. Sales Footprint

        16.1.4. Key Subsidiaries or Distributors

        16.1.5. Strategy and Recent Developments

        16.1.6. Financial Analysis

    16.2. Siemens AG

        16.2.1. Overview

        16.2.2. Product Portfolio

        16.2.3. Sales Footprint

        16.2.4. Key Subsidiaries or Distributors

        16.2.5. Strategy and Recent Developments

        16.2.6. Financial Analysis

    16.3. Toshiba Corporation

        16.3.1. Overview

        16.3.2. Product Portfolio

        16.3.3. Sales Footprint

        16.3.4. Key Subsidiaries or Distributors

        16.3.5. Strategy and Recent Developments

        16.3.6. Financial Analysis

    16.4. Mitsubishi Electric Corporation

        16.4.1. Overview

        16.4.2. Product Portfolio

        16.4.3. Sales Footprint

        16.4.4. Key Subsidiaries or Distributors

        16.4.5. Strategy and Recent Developments

        16.4.6. Financial Analysis

    16.5. SPX Transformer Solutions Inc.

        16.5.1. Overview

        16.5.2. Product Portfolio

        16.5.3. Sales Footprint

        16.5.4. Key Subsidiaries or Distributors

        16.5.5. Strategy and Recent Developments

        16.5.6. Financial Analysis

    16.6. MGM Transformer

        16.6.1. Overview

        16.6.2. Product Portfolio

        16.6.3. Sales Footprint

        16.6.4. Key Subsidiaries or Distributors

        16.6.5. Strategy and Recent Developments

        16.6.6. Financial Analysis

    16.7. Neeltran

        16.7.1. Overview

        16.7.2. Product Portfolio

        16.7.3. Sales Footprint

        16.7.4. Key Subsidiaries or Distributors

        16.7.5. Strategy and Recent Developments

        16.7.6. Financial Analysis

    16.8. Altrafo Srl

        16.8.1. Overview

        16.8.2. Product Portfolio

        16.8.3. Sales Footprint

        16.8.4. Key Subsidiaries or Distributors

        16.8.5. Strategy and Recent Developments

        16.8.6. Financial Analysis

    16.9. Alstom SA

        16.9.1. Overview

        16.9.2. Product Portfolio

        16.9.3. Sales Footprint

        16.9.4. Key Subsidiaries or Distributors

        16.9.5. Strategy and Recent Developments

        16.9.6. Financial Analysis

    16.10. JST Transformateurs

        16.10.1. Overview

        16.10.2. Product Portfolio

        16.10.3. Sales Footprint

        16.10.4. Key Subsidiaries or Distributors

        16.10.5. Strategy and Recent Developments

        16.10.6. Financial Analysis

17. Recommendation

    17.1. Opportunity Assessment

        17.1.1. By Type

        17.1.2. By Line Voltage

        17.1.3. By Application

        17.1.4. By Mounting Location

        17.1.5. By Region

List of Tables

Table 01: Global Traction Transformer Market Value (US$ Mn), by Type, 2017–2031

Table 02: Global Traction Transformer Market Volume (Units), by Type, 2017–2031

Table 03: Global Traction Transformer Market Value (US$ Mn), by Line Voltage, 2017–2031

Table 04: Global Traction Transformer Market Volume (Units), by Line Voltage, 2017–2031

Table 05: Global Traction Transformer Market Value (US$ Mn), by Application, 2017–2031

Table 06: Global Traction Transformer Market Value (US$ Mn), by Mounting Location, 2017–2031

Table 07: Global Traction Transformer Market Value (US$ Mn), by Region, 2017–2031

Table 08: Global Traction Transformer Market Volume (Units), by Region, 2017–2031

Table 09: North America Traction Transformer Market Value (US$ Mn), by Type, 2017–2031

Table 10: North America Traction Transformer Market Volume (Units), by Type, 2017–2031

Table 11: North America Traction Transformer Market Value (US$ Mn), by Line Voltage, 2017–2031

Table 12: North America Traction Transformer Market Volume (Units), by Line Voltage, 2017–2031

Table 13: North America Traction Transformer Market Value (US$ Mn), by Application, 2017–2031

Table 14: North America Traction Transformer Market Value (US$ Mn), by Mounting Location, 2017–2031

Table 15: North America Traction Transformer Market Value (US$ Mn), by Country & Sub-region, 2017–2031

Table 16: North America Traction Transformer Market Volume (Units), by Country & Sub-region, 2017–2031

Table 17: Europe Traction Transformer Market Value (US$ Mn), by Type, 2017–2031

Table 18: Europe Traction Transformer Market Volume (Units), by Type, 2017–2031

Table 19: Europe Traction Transformer Market Value (US$ Mn), by Line Voltage, 2017–2031

Table 20: Europe Traction Transformer Market Volume (Units), by Line Voltage, 2017–2031

Table 21: Europe Traction Transformer Market Value (US$ Mn), by Application, 2017–2031

Table 22: Europe Traction Transformer Market Value (US$ Mn), by Mounting Location, 2017–2031

Table 23: Europe Traction Transformer Market Value (US$ Mn), by Country & Sub-region, 2017–2031

Table 24: Europe Traction Transformer Market Volume (Units), by Country & Sub-region, 2017–2031

Table 25: Asia Pacific Traction Transformer Market Value (US$ Mn), by Type, 2017–2031

Table 26: Asia Pacific Traction Transformer Market Volume (Units), by Type, 2017–2031

Table 27: Asia Pacific Traction Transformer Market Value (US$ Mn), by Line Voltage, 2017–2031

Table 28: Asia Pacific Traction Transformer Market Volume (Units), by Line Voltage, 2017–2031

Table 29: Asia Pacific Traction Transformer Market Value (US$ Mn), by Application, 2017–2031

Table 30: Asia Pacific Traction Transformer Market Value (US$ Mn), by Mounting Location, 2017–2031

Table 31: Asia Pacific Traction Transformer Market Value (US$ Mn), by Country & Sub-region, 2017–2031

Table 32: Asia Pacific Traction Transformer Market Volume (Units), by Country & Sub-region, 2017–2031

Table 33: Middle East & Africa Traction Transformer Market Value (US$ Mn), by Type, 2017–2031

Table 34: Middle East & Africa Traction Transformer Market Volume (Units), by Type, 2017–2031

Table 35: Middle East & Africa Traction Transformer Market Value (US$ Mn), by Line Voltage, 2017–2031

Table 36: Middle East & Africa Traction Transformer Market Volume (Units), by Line Voltage, 2017–2031

Table 37: Middle East & Africa Traction Transformer Market Value (US$ Mn), by Application, 2017–2031

Table 38: Middle East & Africa Traction Transformer Market Value (US$ Mn), by Mounting Location, 2017–2031

Table 39: Middle East & Africa Traction Transformer Market Value (US$ Mn), by Country & Sub-region, 2017–2031

Table 40: Middle East & Africa Traction Transformer Market Volume (Units), by Country & Sub-region, 2017–2031

Table 41: South America Traction Transformer Market Value (US$ Mn), by Type, 2017–2031

Table 42: South America Traction Transformer Market Volume (Units), by Type, 2017–2031

Table 43: South America Traction Transformer Market Value (US$ Mn), by Line Voltage, 2017–2031

Table 44: South America Traction Transformer Market Volume (Units), by Line Voltage, 2017–2031

Table 45: South America Traction Transformer Market Value (US$ Mn), by Application, 2017–2031

Table 46: South America Traction Transformer Market Value (US$ Mn), by Mounting Location, 2017–2031

Table 47: South America Traction Transformer Market Value (US$ Mn), by Country & Sub-region, 2017–2031

Table 48: South America Traction Transformer Market Volume (Units), by Country & Sub-region, 2017–2031

List of Figures

Figure 01: Global Traction Transformer Market Value (US$ Mn) Forecast, 2021–2031

Figure 02: Global Traction Transformer Market, by Tap Changing

Figure 03: Global Traction Transformer Market, by Tapped

Figure 04: Global Traction Transformer Market, by Rectifier

Figure 05: Global Traction Transformer Market Attractiveness Analysis, by Type

Figure 06: Global Traction Transformer Market, by AC

Figure 07: Global Traction Transformer Market, by DC

Figure 08: Global Traction Transformer Market Attractiveness Analysis, by Line Voltage

Figure 09: Global Traction Transformer Market, by High-speed commuter & Regional Trains

Figure 10: Global Traction Transformer Market, by Electric Locomotive

Figure 11: Global Traction Transformer Market, by Electrical Multiple Units (EMUS)

Figure 12: Global Traction Transformer Market, by Tram Trains

Figure 13: Global Traction Transformer Market, by Metros

Figure 14: Global Traction Transformer Market, by Diesel Locomotive

Figure 15: Global Traction Transformer Market Attractiveness Analysis, by Application

Figure 16: Global Traction Transformer Market, by Machine Room

Figure 17: Global Traction Transformer Market, by Roof

Figure 18: Global Traction Transformer Market, by Underframe

Figure 19: Global Traction Transformer Market Attractiveness Analysis, by Mounting Location

Figure 20: Global Traction Transformer Market Value Share Analysis, by Region (2021E)

Figure 21: Global Traction Transformer Market Value Share Analysis, by Region (2031F)

Figure 22: Global Traction Transformer Market Volume Share Analysis, by Region (2021E)

Figure 23: Global Traction Transformer Market Volume Share Analysis, by Region (2031F)

Figure 24: Global Traction Transformer Market Attractiveness Analysis, by Region

Figure 25: North America Traction Transformer Market Size Analysis (2017-2020) and Forecast (2021‒2031)

Figure 26: North America Traction Transformer Market Value (US$ Mn) Forecast, 2017–2031

Figure 27: North America Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 28: North America Traction Transformer Market Volume (Units) Forecast, 2017–2031

Figure 29: North America Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 30: North America Traction Transformer Market Value Share Analysis, by Type (2021)

Figure 31: North America Traction Transformer Market Value Share Analysis, by Type (2031)

Figure 32: North America Traction Transformer Market Volume Share Analysis, by Type (2021)

Figure 33: North America Traction Transformer Market Volume Share Analysis, by Type (2031)

Figure 34: North America Traction Transformer Market Value Share Analysis, by Line Voltage (2021)

Figure 35: North America Traction Transformer Market Value Share Analysis, by Line Voltage (2031)

Figure 36: North America Traction Transformer Market Volume Share Analysis, by Line Voltage (2021)

Figure 37: North America Traction Transformer Market Volume Share Analysis, by Line Voltage (2031)

Figure 38: North America Traction Transformer Market Value Share Analysis, by Application (2021)

Figure 39: North America Traction Transformer Market Value Share Analysis, by Application (2031)

Figure 40: North America Traction Transformer Market Value Share Analysis, by Mounting Location (2021)

Figure 41: North America Traction Transformer Market Value Share Analysis, by Mounting Location (2031)

Figure 42: North America Traction Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 43: North America Traction Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 44: North America Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2021)

Figure 45: North America Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2031)

Figure 46: North America Traction Transformer Market Attractiveness Analysis, by Type

Figure 47: North America Traction Transformer Market Attractiveness Analysis, by Line Voltage

Figure 48: North America Traction Transformer Market Attractiveness Analysis, by Application

Figure 49: North America Traction Transformer Market Attractiveness Analysis, by Mounting Location

Figure 50: North America Traction Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 51: North America Traction Transformer Market Size Analysis (2017-2020) and Forecast (2021-2031)

Figure 52: Europe Traction Transformer Market Value (US$ Mn) Forecast, 2017–2031

Figure 53: Europe Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 54: Europe Traction Transformer Market Volume (Units) Forecast, 2017–2031

Figure 55: Europe Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 56: Europe Traction Transformer Market Value Share Analysis, by Type (2021)

Figure 57: Europe Traction Transformer Market Value Share Analysis, by Type (2031)

Figure 58: Europe Traction Transformer Market Volume Share Analysis, by Type (2021)

Figure 59: Europe Traction Transformer Market Volume Share Analysis, by Type (2031)

Figure 60: Europe Traction Transformer Market Value Share Analysis, by Line Voltage (2021)

Figure 61: Europe Traction Transformer Market Value Share Analysis, by Line Voltage (2031)

Figure 62: Europe Traction Transformer Market Volume Share Analysis, by Line Voltage (2021)

Figure 63: Europe Traction Transformer Market Volume Share Analysis, by Line Voltage (2031)

Figure 64: Europe Traction Transformer Market Value Share Analysis, by Application (2021)

Figure 65: Europe Traction Transformer Market Value Share Analysis, by Application (2031)

Figure 66: Europe Traction Transformer Market Value Share Analysis, by Mounting Location (2021)

Figure 67: Europe Traction Transformer Market Value Share Analysis, by Mounting Location (2031)

Figure 68: Europe Traction Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 69: Europe Traction Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 70: Europe Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2021)

Figure 71: Europe Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2031)

Figure 72: Europe Traction Transformer Market Attractiveness Analysis, by Type

Figure 73: Europe Traction Transformer Market Attractiveness Analysis, by Line Voltage

Figure 74: Europe Traction Transformer Market Attractiveness Analysis, by Application

Figure 75: Europe Traction Transformer Market Attractiveness Analysis, by Mounting Location

Figure 76: Europe Traction Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 77: Asia Pacific Traction Transformer Market Size Analysis (2017-2020) and Forecast (2021-2031)

Figure 78: Asia Pacific Traction Transformer Market Value (US$ Mn) Forecast, 2017–2031

Figure 79: Asia Pacific Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 80: Asia Pacific Traction Transformer Market Volume (Units) Forecast, 2017–2031

Figure 81: Asia Pacific Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 82: Asia Pacific Traction Transformer Market Value Share Analysis, by Type (2021)

Figure 83: Asia Pacific Traction Transformer Market Value Share Analysis, by Type (2031)

Figure 84: Asia Pacific Traction Transformer Market Volume Share Analysis, by Type (2021)

Figure 85: Asia Pacific Traction Transformer Market Volume Share Analysis, by Type (2031)

Figure 86: Asia Pacific Traction Transformer Market Value Share Analysis, by Line Voltage (2021)

Figure 87: Asia Pacific Traction Transformer Market Value Share Analysis, by Line Voltage (2031)

Figure 88: Asia Pacific Traction Transformer Market Volume Share Analysis, by Line Voltage (2021)

Figure 89: Asia Pacific Traction Transformer Market Volume Share Analysis, by Line Voltage (2031)

Figure 90: Asia Pacific Traction Transformer Market Value Share Analysis, by Application (2021)

Figure 91: Asia Pacific Traction Transformer Market Value Share Analysis, by Application (2031)

Figure 92: Asia Pacific Traction Transformer Market Value Share Analysis, by Mounting Location (2021)

Figure 93: Asia Pacific Traction Transformer Market Value Share Analysis, by Mounting Location (2031)

Figure 94: Asia Pacific Traction Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 95: Asia Pacific Traction Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 96: Asia Pacific Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2021)

Figure 97: Asia Pacific Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2031)

Figure 98: Asia Pacific Traction Transformer Market Attractiveness Analysis, by Type

Figure 99: Asia Pacific Traction Transformer Market Attractiveness Analysis, by Line Voltage

Figure 100: Asia Pacific Traction Transformer Market Attractiveness Analysis, by Application

Figure 101: Asia Pacific Traction Transformer Market Attractiveness Analysis, by Mounting Location

Figure 102: Asia Pacific Traction Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 103: Middle East & Africa Traction Transformer Market Size Analysis (2017-2020) and Forecast (2021-2031)

Figure 104: Middle East & Africa Traction Transformer Market Value (US$ Mn) Forecast, 2017–2031

Figure 105: Middle East & Africa Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 106: Middle East & Africa Traction Transformer Market Volume (Units) Forecast, 2017–2031

Figure 107: Middle East & Africa Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 108: Middle East & Africa Traction Transformer Market Value Share Analysis, by Type (2021)

Figure 109: Middle East & Africa Traction Transformer Market Value Share Analysis, by Type (2031)

Figure 110: Middle East & Africa Traction Transformer Market Volume Share Analysis, by Type (2021)

Figure 111: Middle East & Africa Traction Transformer Market Volume Share Analysis, by Type (2031)

Figure 112: Middle East & Africa Traction Transformer Market Value Share Analysis, by Line Voltage (2021)

Figure 113: Middle East & Africa Traction Transformer Market Value Share Analysis, by Line Voltage (2031)

Figure 114: Middle East & Africa Traction Transformer Market Volume Share Analysis, by Line Voltage (2021)

Figure 115: Middle East & Africa Traction Transformer Market Volume Share Analysis, by Line Voltage (2031)

Figure 116: Middle East & Africa Traction Transformer Market Value Share Analysis, by Application (2021)

Figure 117: Middle East & Africa Traction Transformer Market Value Share Analysis, by Application (2031)

Figure 118: Middle East & Africa Traction Transformer Market Value Share Analysis, by Mounting Location (2021)

Figure 119: Middle East & Africa Traction Transformer Market Value Share Analysis, by Mounting Location (2031)

Figure 120: Middle East & Africa Traction Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 121: Middle East & Africa Traction Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 122: Middle East & Africa Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2021)

Figure 123: Middle East & Africa Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2031)

Figure 124: Middle East & Africa Traction Transformer Market Attractiveness Analysis, by Type

Figure 125: Middle East & Africa Traction Transformer Market Attractiveness Analysis, by Line Voltage

Figure 126: Middle East & Africa Traction Transformer Market Attractiveness Analysis, by Application

Figure 127: Middle East & Africa Traction Transformer Market Attractiveness Analysis, by Mounting Location

Figure 128: Middle East & Africa Traction Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 129: South America Traction Transformer Market Size Analysis (2017-2020) and Forecast (2021-2031)

Figure 130: South America Traction Transformer Market Value (US$ Mn) Forecast, 2017–2031

Figure 131: South America Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 132: South America Traction Transformer Market Volume (Units) Forecast, 2017–2031

Figure 133: South America Traction Transformer Market Y-o-Y Growth Projection, 2021–2031

Figure 134: South America Traction Transformer Market Value Share Analysis, by Type (2021)

Figure 135: South America Traction Transformer Market Value Share Analysis, by Type (2031)

Figure 136: South America Traction Transformer Market Volume Share Analysis, by Type (2021)

Figure 137: South America Traction Transformer Market Volume Share Analysis, by Type (2031)

Figure 138: South America Traction Transformer Market Value Share Analysis, by Line Voltage (2021)

Figure 139: South America Traction Transformer Market Value Share Analysis, by Line Voltage (2031)

Figure 140: South America Traction Transformer Market Volume Share Analysis, by Line Voltage (2021)

Figure 141: South America Traction Transformer Market Volume Share Analysis, by Line Voltage (2031)

Figure 142: South America Traction Transformer Market Value Share Analysis, by Application (2021)

Figure 143: South America Traction Transformer Market Value Share Analysis, by Application (2031)

Figure 144: South America Traction Transformer Market Value Share Analysis, by Mounting Location (2021)

Figure 145: South America Traction Transformer Market Value Share Analysis, by Mounting Location (2031)

Figure 146: South America Traction Transformer Market Value Share Analysis, by Country & Sub-region (2021)

Figure 147: South America Traction Transformer Market Value Share Analysis, by Country & Sub-region (2031)

Figure 148: South America Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2021)

Figure 149: South America Traction Transformer Market Volume Share Analysis, by Country & Sub-region (2031)

Figure 150: South America Traction Transformer Market Attractiveness Analysis, by Type

Figure 151: South America Traction Transformer Market Attractiveness Analysis, by Line Voltage

Figure 152: South America Traction Transformer Market Attractiveness Analysis, by Application

Figure 153: South America Traction Transformer Market Attractiveness Analysis, by Mounting Location

Figure 154: South America Traction Transformer Market Attractiveness Analysis, by Country & Sub-region

Figure 155: Global Traction Transformer Market Share Analysis, by Company

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Traction Transformer Market Growth, Forecast 2021-2031

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