The global locomotive traction transformer market is worth US$ 479.6 Million as of now and expected to reach US$ 737.7 Million by the year 2033 at a CAGR of 4.4% between 2023 2033.
The developing economies are going for underfloor mounting positions out of over the roof, machine room, and underfloor positions. This could be attributed to enhancement of train capacity by underfloor traction transformers along with provision of extra space.
When it comes to multi-phase rail systems, machine room is in higher demand. The application areas include high-speed and electric trains.
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Future Market Insights has etched these facts with future prospects in its latest market study entitled ‘Locomotive Traction Transformer Market’. It has its team of analysts and consultants to execute using a 360-degree approach in its primary, secondary, and tertiary modes of research.
“With infrastructure of transportation expanding by leaps and bounds, the global locomotive traction transformer market is likely to grow unabated in the years to come”, says an analyst from Future Market Insights.
Key Takeaways from Locomotive Traction Transformer Market
- North America holds the largest market share with the US undergoing broad-scale electrification on the part of railway networks. Thus, heavy investments by governments and private entities alike are bound to take the locomotive traction transformer market by storm in the forecast period.
- The Asia-Pacific is expected to grow at the fastest rate in the locomotive traction transformer market with big-scale infrastructural projects underway in India and China. This is evident from the fact that the government of India came up with Vande Bharat Express in the year 2019. It comes across as a semi-high-speed electric train unit. The upcoming period is expected to see commencement of freight corridor and multiple metro projects.
- Europe is led by The Netherlands, Belgium, and Switzerland with respect to electrified urban rapid-transit rail systems implementation.
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Competitive Traction Transformer
- Hitachi ABB Power Grids, of late, did launch plug-and-play and oil-free traction transformers. RESIBLOC Rail dry-type traction transformer does come with an integrated cooling system reducing emissions of carbon dioxide along with the operating costs.
- Siemens AG, in 2019, did develop propulsion systems for usage in public transport systems inclusive of 9K HP electric locomotive. This indigenously integrated propulsion system is equipped with steel tank transformer.
- Alstom SA, of late, did start with production of onboard transformers. The end-use applications include electric locomotive as a part of EKZ joint venture. As of now, expected manufacturing capacity is close to 300 transformers/year.
Key Players:
- ABB
- Mitsubishi Electric Corporation
- Emco Ltd
- International Electric Co. Ltd.
- JST Transformateurs
- Hind Rectifiers Ltd
- Setrans Holding AS
- Wilson Transformer Company
- Wolong Electric
- Tianwei Group
- Sunten Electric
- TBEA
- China XD Group
- Sunlight Electric
- Dachi Electric
- Luneng Mount.
- Tai Electric
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What does the Report enclose?
- The research study is based on type (tap changing and rectifier), overhead line voltage (AC system and DC system), mounting position (underfloor, machine room, and over the floor), and rolling stock (electric locomotives, high-speed trains, and metros).
- With growing investment in public transportation coupled with updation of railway infrastructure and modern-day metro systems, the global locomotive traction transformer market is bound to grow on a good note in the forecast period.
Locomotive Traction Transformer Market by Category
Type:
- Tap Changing
- Rectifier
Overhead Line Voltage:
- AC System
- DC System
Mounting Position:
- Underfloor
- Machine Room
- Over the Floor
Rolling Stock:
- Electric Locomotives
- High-speed Trains
- Metros
Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Oceania
- Japan
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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