Traction transformer is one of the essential components of an electric traction system. It is an electrical device used while designing and manufacturing a railway system. The function of the traction transformer is to transfer the energy from one circuit to another using electromagnetic induction. It has replaced the traction system run by fossil fuels and acts as a vital component of the electric traction system.
MARKET DYNAMICS
The traction transformer market demand is majorly propelled by the advancements in railway infrastructure worldwide. The government of various countries is taking initiatives to enhance their railway infrastructure and have started new projects such as high-speed trains with high power. Furthermore, increasing use of railways as well as rapid electrification of rail networks globally is another factor fueling the demand for traction transformer market. However, the complexity of design and the high cost of the systems are the factors hindering the traction transformer market growth to a certain extent.
MARKET SCOPE
The "Global Traction Transformer Market Analysis to 2028" is a specialized and in-depth study of the traction transformer industry with a special focus on the global market trend analysis. The report aims to provide an overview of traction transformer market with detailed market segmentation by type, rolling stock, voltage network, and geography. The global traction transformer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traction transformer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global traction transformer market is segmented on the basis of type, rolling stock, and voltage network. On the basis of the type, the market is segmented into tap changing, tapped, and rectifier. The market on the basis of the rolling stock is classified into high-speed trains, electric locomotive, electrical multiple units, and others. Based on voltage network, the market is segmented into AC and DC.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction transformer market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The traction transformer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting traction transformer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the traction transformer market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction transformer market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The traction transformer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting traction transformer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the traction transformer market in these regions.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Traction Transformer Market - By Type
- Traction Transformer Market - By Rolling Stock
- Traction Transformer Market - By Voltage Network
- Traction Transformer Market - By Region
- By Country
3. RESEARCH METHODOLOGY
4. TRACTION TRANSFORMER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM) - PEST Analysis
5. TRACTION TRANSFORMER MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
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6. TRACTION TRANSFORMER MARKET - GLOBAL MARKET ANALYSIS
6.1. TRACTION TRANSFORMER- GLOBAL MARKET OVERVIEW
6.2. TRACTION TRANSFORMER- GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. TRACTION TRANSFORMER MARKET REVENUE AND FORECASTS TO 2028 -TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TAP CHANGING
7.3.1. Overview
7.3.2. Tap Changing Market Forecast and Analysis
7.4. TAPPED
7.4.1. Overview
7.4.2. Tapped Market Forecast and Analysis
7.5. RECTIFIER
7.5.1. Overview
7.5.2. Rectifier Market Forecast and Analysis
8. TRACTION TRANSFORMER MARKET REVENUE AND FORECASTS TO 2028 - ROLLING STOCK
8.1. OVERVIEW
8.2. ROLLING STOCK MARKET FORECASTS AND ANALYSIS
8.3. HIGH-SPEED TRAINS
8.3.1. Overview
8.3.2. High-Speed Trains Market Forecast and Analysis
8.4. ELECTRIC LOCOMOTIVE
8.4.1. Overview
8.4.2. Electric Locomotive Market Forecast and Analysis
8.5. ELECTRICAL MULTIPLE UNITS
8.5.1. Overview
8.5.2. Electrical Multiple Units Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. TRACTION TRANSFORMER MARKET REVENUE AND FORECASTS TO 2028 - VOLTAGE NETWORK
9.1. OVERVIEW
9.2. VOLTAGE NETWORK MARKET FORECASTS AND ANALYSIS
9.3. ALTERNATING CURRENT (AC)
9.3.1. Overview
9.3.2. Alternating Current (AC) Market Forecast and Analysis
9.4. DIRECT CURRENT (DC)
9.4.1. Overview
9.4.2. Direct Current (DC) Market Forecast and Analysis
10. TRACTION TRANSFORMER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Traction Transformer Market Overview
10.1.2. North America Traction Transformer Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Type
10.1.4. North America Market Forecasts and Analysis - By Rolling Stock
10.1.5. North America Market Forecasts and Analysis - By Voltage Network
10.1.6. North America Market Forecasts and Analysis - By Countries
10.1.6.1. US market
10.1.6.1.1. US Market by Type
10.1.6.1.2. US Market by Rolling Stock
10.1.6.1.3. US Market by Voltage Network
10.1.6.2. Canada market
10.1.6.2.1. Canada Market by Type
10.1.6.2.2. Canada Market by Rolling Stock
10.1.6.2.3. Canada Market by Voltage Network
10.1.6.3. Mexico market
10.1.6.3.1. Mexico Market by Type
10.1.6.3.2. Mexico Market by Rolling Stock
10.1.6.3.3. Mexico Market by Voltage Network
10.2. EUROPE
10.2.1. Europe Traction Transformer Market Overview
10.2.2. Europe Traction Transformer Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Type
10.2.4. Europe Market Forecasts and Analysis - By Rolling Stock
10.2.5. Europe Market Forecasts and Analysis - By Voltage Network
10.2.6. Europe Market Forecasts and Analysis - By Countries
10.2.6.1. France market
10.2.6.1.1. France Market by Type
10.2.6.1.2. France Market by Rolling Stock
10.2.6.1.3. France Market by Voltage Network
10.2.6.2. Germany market
10.2.6.2.1. Germany Market by Type
10.2.6.2.2. Germany Market by Rolling Stock
10.2.6.2.3. Germany Market by Voltage Network
10.2.6.3. Italy market
10.2.6.3.1. Italy Market by Type
10.2.6.3.2. Italy Market by Rolling Stock
10.2.6.3.3. Italy Market by Voltage Network
10.2.6.4. Russia market
10.2.6.4.1. Russia Market by Type
10.2.6.4.2. Russia Market by Rolling Stock
10.2.6.4.3. Russia Market by Voltage Network
10.2.6.5. UK market
10.2.6.5.1. UK Market by Type
10.2.6.5.2. UK Market by Rolling Stock
10.2.6.5.3. UK Market by Voltage Network
10.2.6.6. Rest of Europe market
10.2.6.6.1. Rest of Europe Market by Type
10.2.6.6.2. Rest of Europe Market by Rolling Stock
10.2.6.6.3. Rest of Europe Market by Voltage Network
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Traction Transformer Market Overview
10.3.2. Asia Pacific Traction Transformer Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Type
10.3.4. Asia Pacific Market Forecasts and Analysis - By Rolling Stock
10.3.5. Asia Pacific Market Forecasts and Analysis - By Voltage Network
10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.6.1. South Korea
10.3.6.1.1. South Korea Market by Type
10.3.6.1.2. South Korea Market by Rolling Stock
10.3.6.1.3. South Korea Market by Voltage Network
10.3.6.2. China market
10.3.6.2.1. China Market by Type
10.3.6.2.2. China Market by Rolling Stock
10.3.6.2.3. China Market by Voltage Network
10.3.6.3. India market
10.3.6.3.1. India Market by Type
10.3.6.3.2. India Market by Rolling Stock
10.3.6.3.3. India Market by Voltage Network
10.3.6.4. Japan market
10.3.6.4.1. Japan Market by Type
10.3.6.4.2. Japan Market by Rolling Stock
10.3.6.4.3. Japan Market by Voltage Network
10.3.6.5. Australia market
10.3.6.5.1. Australia Market by Type
10.3.6.5.2. Australia Market by Rolling Stock
10.3.6.5.3. Australia Market by Voltage Network
10.3.6.6. Rest of APAC market
10.3.6.6.1. Rest of APAC Market by Type
10.3.6.6.2. Rest of APAC Market by Rolling Stock
10.3.6.6.3. Rest of APAC Market by Voltage Network
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Traction Transformer Market Overview
10.4.2. Middle East and Africa Traction Transformer Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Type
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Rolling Stock
10.4.5. Middle East and Africa Market Forecasts and Analysis - By Voltage Network
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1. South Africa market
10.4.6.1.1. South Africa Market by Type
10.4.6.1.2. South Africa Market by Rolling Stock
10.4.6.1.3. South Africa Market by Voltage Network
10.4.6.2. Saudi Arabia market
10.4.6.2.1. Saudi Arabia Market by Type
10.4.6.2.2. Saudi Arabia Market by Rolling Stock
10.4.6.2.3. Saudi Arabia Market by Voltage Network
10.4.6.3. UAE market
10.4.6.3.1. UAE Market by Type
10.4.6.3.2. UAE Market by Rolling Stock
10.4.6.3.3. UAE Market by Voltage Network
10.4.6.4. Rest of MEA market
10.4.6.4.1. Rest of MEA Market by Type
10.4.6.4.2. Rest of MEA Market by Rolling Stock
10.4.6.4.3. Rest of MEA Market by Voltage Network
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Traction Transformer Market Overview
10.5.2. South America Traction Transformer Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Type
10.5.4. South America Market Forecasts and Analysis - By Rolling Stock
10.5.5. South America Market Forecasts and Analysis - By Voltage Network
10.5.6. South America Market Forecasts and Analysis - By Countries
10.5.6.1. Brazil market
10.5.6.1.1. Brazil Market by Type
10.5.6.1.2. Brazil Market by Rolling Stock
10.5.6.1.3. Brazil Market by Voltage Network
10.5.6.2. Argentina market
10.5.6.2.1. Argentina Market by Type
10.5.6.2.2. Argentina Market by Rolling Stock
10.5.6.2.3. Argentina Market by Voltage Network
10.5.6.3. Rest of SAM market
10.5.6.3.1. Rest of SAM Market by Type
10.5.6.3.2. Rest of SAM Market by Rolling Stock
10.5.6.3.3. Rest of SAM Market by Voltage Network
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
12. TRACTION TRANSFORMER MARKET, KEY COMPANY PROFILES
12.1. ABB LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ALSTOM SA
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. JST TRANSFORMATEURS
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MITSUBISHI ELECTRIC CORPORATION
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. SIEMENS AG
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. EMCO LIMITED
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. INTERNATIONAL ELECTRIC CO., LTD.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SETRANS HOLDING AS
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. WILSON TRANSFORMER COMPANY
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. GENERAL ELECTRIC
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. ABB Ltd.
2. Alstom SA
3. JST Transformateurs
4. Mitsubishi Electric Corporation
5. Siemens AG
6. EMCO Limited
7. International Electric Co., Ltd.
8. Setrans Holding as
9. Wilson Transformer Company
10. General Electric
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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