Global Traction Transformer (Onboard) Market, By Rolling Stock (Electric Locomotives, High-speed Trains, Metros), Mounting Position (Underframe, Machine Room, Roof), Overhead Line Voltage (AC, DC), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Traction Transformer (Onboard) Market
The traction transformer (onboard) market is expected to witness market growth at a rate of 4.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on traction transformer (onboard) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in demand from the end user industries globally is escalating the growth of traction transformer (onboard) market.
Traction transformers (onboard) refers to the equipment that are used in the railway industry and fulfill the particular role of supplying railway electric vehicles with power supply. The unit must satisfy the mechanical constraints of the train's heavy load in order to place the transformer. The size, power rating and transformer weight vary in accordance with the train supply system requirement.
Liberalization of Rail Transport Network acts as one of the major factors driving the growth of traction transformer (onboard) market. The surge in the initiatives by the government in the form of funding for the enhancement of the railway infrastructure, and concerns regarding concern about carbon emission accelerate the market growth. Call for the railway electric vehicles in addition to the rate effectiveness of the usage of such a vehicle, and rise in consumer preference towards public transport further influence the market. Additionally, expansion of railway sector, increase in number of travelers and urbanization and digitization positively affect the traction transformer (onboard) market. Furthermore, electrification of rail networks extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the electrification and dominance of diesel-powered rail engines in certain countries are expected to obstruct the market growth. Complexity in designing traction transformers is projected to challenge the traction transformer (onboard) market in the forecast period of 2021-2028.
This traction transformer (onboard) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info traction transformer (onboard) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Traction Transformer (Onboard) Market Scope and Market Size
The traction transformer (onboard) market is segmented on the basis of rolling stock, mounting position and overhead line voltage. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of rolling stock, the traction transformer (onboard) market is segmented into electric locomotives, high-speed trains and metros. Electric Locomotives are further segmented into Freight Locomotives and Passenger Locomotives.
- On the basis of mounting position, the traction transformer (onboard) market is segmented into underframe, machine room and roof.
- On the basis of overhead line voltage, the traction transformer (onboard) market is segmented into AC and DC. AC is further segmented into 1.2 KV, 15 KV, 20 KV and 25KV. DC is further segmented into 0.75 KV, 1.5KV and 3 KV.
Global Traction Transformer (Onboard) Market Country Level Analysis
The traction transformer (onboard) market is analyzed and market size, volume information is provided by country, rolling stock, mounting position and overhead line voltage as referenced above.
The countries covered in the global traction transformer (onboard) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the traction transformer (onboard) market due to the rise in the number of trains for reliable transportation and expansion of existing rail networks within the region. North America is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rapid industrialization and modernization, government funding and support in the U.S.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Traction Transformer (Onboard) Market Share Analysis
The traction transformer (onboard) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to traction transformer (onboard) market.
The major players covered in the traction transformer (onboard) market report are ABB, Alstom, Mitsubishi Electric Corporation, Siemens, EMCO Limited., Hind Rectifiers Limited, International Electric Co., Ltd, ORBCOMM, M&I Materials Ltd., Toshiba India Pvt. Ltd., MORNSUN Guangzhou Science & Technology Co.,Ltd., Operation Technology, Inc., BTB Plaza Ltd, JST Transformateurs S.A., Setrans Holding, Wilson Transformer Company Pty, GENERAL ELECTRIC, and Gujarat Transformers Pvt, Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-