Global Traction Transformer (Onboard) Market Size By Mounting Position (Underframe, Machine Room, Roof), By Rolling Stock (High-Speed Trains, Electric Locomotives, Metro), By Overhead Line Voltage (AC, DC), By Geographic Scope And Forecast

Traction Transformer (Onboard) Market Size And Forecast

Traction Transformer (Onboard) Market size was valued at USD 717.4 Million in 2024 and is projected to reach USD 1016.2 Million by 2031, growing at a CAGR of 4.45% from 2024 to 2031.

Liberalization of the rail transportation sector, increasing government funding, and growing environmental concerns are the market’s driving factors for the Global Traction Transformer (Onboard) Market. The demand for railway electric vehicles, as well as the cost-effectiveness of using such a vehicle, and the rise in consumer preference for public transportation, all factors are driving the market expansion. The Global Traction Transformer (Onboard) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

To Get Detailed Analysis: Please E-mail – ( avni@agninews.co.in) For FREE SAMPLE REPORT and mention Report Name

Global Traction Transformer (Onboard) Market Definition

Onboard traction transformers are devices that are utilized in the railway industry. This transformer performs the specific function of providing a power supply to railway electric vehicles. There are tedious specifications by which the transformer must be placed and the device must meet the mechanical limitations that a heavy load of the train. The transformer’s size, power rating, and weight vary substantially depending on the train’s supply system requirements. High-speed trains, electric multiple units (EMUs), and electric locomotives connected to 50, 60, and 16.7 Hz AC networks all use onboard traction transformers to supply power from the catenary system.

Apart from AC networks, traction transformers for multi-system locomotives and trains may also operate on DC networks (1.5 or 3 kV). Besides traction windings, a transformer’s high voltage winding (primary winding), filter winding, auxiliary winding, and heater winding are all included, depending on the customer’s requirements. Onboard traction transformers are installed on a vehicle and must be placed in a specific area specified by the designers in compliance with vehicle standards. Because the main transformer is the vehicle’s heaviest single component, designers must prioritize its optimization.

What’s inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

download sample – Please Email- avni@agninews.co.in

>>> Ask For Discount @ – https://www.marketresearch.com/ask-for-discount/?rid=3299

Global Traction Transformer (Onboard) Market Overview

Liberalization of the rail transportation sector, increasing government funding, and growing environmental concerns are the market’s driving factors for the Global Traction Transformer (Onboard) Market. Traction transformers are important parts of the traction chain since they affect train performance as well as operator services. Hitachi ABB Power Grids, a global leader in power technologies, is recognized for its wide variety of traction transformers, which are widely used in trams, AC metros, and high-speed, commuter, and regional trains.

The demand for railway electric vehicles, as well as the cost-effectiveness of using such a vehicle, and the rise in consumer preference for public transportation, are all factors that are driving the market. The market is likely to be driven by the 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 meet the growing number of passengers and travel routes. Rapid urbanization is driving demand for a mode of transportation that is fast, frequent, and able to handle passengers during rush hours.

The demand for metro for intra-city travel and high-speed railways for inter-city travel is extremely high in major cities. Owing to the belief that road-based bus systems cannot fulfill capacity needs, as well as metro systems, metro rails, and high-speed railways, are commonly given preference. Metro rails are also considered to provide greater levels of comfort, speed, and efficiency than bus systems, making them more attractive to policymakers and potential users. Additionally, the Traction Transformer (Onboard) Market benefits from the expansion of the railway sector, an increase in the number of travelers, urbanization, and digitalization.

However, market growth is expected to be restrained by high costs associated with electrification and the dominance of diesel-powered rail engines in certain countries. In the forecast period of 2021-2028, the Traction Transformer (Onboard) Market is expected to face challenges due to the complexity of designing traction transformers. Furthermore, in the forecast period of 2021 to 2028, the electrification of rail networks provides lucrative opportunities for market players.

Global Traction Transformer (Onboard) Market: Segmentation Analysis

The Global Traction Transformer (Onboard) Market is Segmented on the basis of Mounting Position, Rolling Stock, Overhead Line Voltage, And Geography.

Traction Transformer (Onboard) Market, By Mounting Position

• Underframe
• Machine Room
• Roof

Based on Mounting Position, The market is segmented into Underframe, Machine Room, and Roof. The Traction Transformer (Onboard) Market for underframe mounting is anticipated to lead the overall market because of the increased space for passenger capacity and greater comfort level of passengers. The market for machine room mounting is expected to grow at a high rate during forecasted years. In single and multiphase rail systems, machine room mounting is important for maximum flexibility and reliability.

Traction Transformer (Onboard) Market, By Rolling Stock

• High-Speed Trains
• Electric Locomotives
• Metro

Based on Rolling Stock, The market is segmented into High-Speed Trains, Electric Locomotives, and Metro. Electric locomotives are expected to account for a large portion of the overall market and to grow at the fastest rate throughout the forecasted years. The market’s expansion is fueled by a rising population, rising demands for rail transportation, and a growing preference for moving goods by rail over road.

Traction Transformer (Onboard) Market, By Overhead Line Voltage

• AC
• DC

Based on Overhead Line Voltage, The market is segmented into AC and DC. The Traction Transformer (Onboard) Market for AC overhead lines is expected to hold the largest share of the overall market and is expected to grow at the highest rate in forecasted years. The majority of electric traction systems are equipped with AC overhead lines because of the advantage of low power losses over long-distance travel.

Traction Transformer (Onboard) Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

On the basis of Geography, The Global Traction Transformer (Onboard) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, Asia Pacific is estimated to have the highest share of the Traction Transformer (Onboard) Market. Countries like China, Japan, India, South Korea, Taiwan, and Australia are propelling the Asia-Pacific industry forward. For reliable transportation, these countries are increasing the number of trains. In addition, the demand for traction transformers in the Asia Pacific is being driven by increased investment in high-speed rail networks, the development of new lines, and the expansion of existing rail networks. North America is predicted to be the fastest-growing market for traction transformers during forecasted years.

Key Players

The “Global Traction Transformer (Onboard) Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Mitsubishi Electric Corporation, International Electric Co., Ltd., Alstom SA, Siemens AG, ABB Ltd., Wilson Transformer Company, EMCO Limited, JST Transformateurs, Orbocomm Inc., Setrans Holding, and Hind Rectifiers Limited.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In June 2019: Siemens AG supplied a 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.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Traction Transformer (Onboard) Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global Traction Transformer (Onboard) Market gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our <strong"