Traction Transformers Market Trends, Demand, Share, Major Player, Competitive Outlook Forecast to 2021-2026

Looking forward, IMARC Group expects the traction transformers market to grow at a CAGR of around 5% during 2021-2026.


According to IMARC Group’s latest report, titled Traction Transformers Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market reached a value of US$ 650 Million in 2020. A traction transformer is extensively used to transfer energy from one circuit to another using electromagnetic induction. It is one of the crucial elements of the electric traction mechanism that consist of alternating current (AC) and direct current (DC) systems. The electronic device helps in significantly reducing the operating costs, providing higher power output, and are comparatively lighter in weight than the traditional variants. As a result, they are largely used in high-speed and passenger trains, metro rails, and locomotives.

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The increasing demand for traction transformers on account of the electrification of rail networks across the globe is one of the key factors primarily driving the market growth. Apart from this, rapid advancements in the railway sector and the increasing use of traction transformer in traditional and high-speed trains are some other growth-inducing factors. Moreover, the government initiatives to strengthen the railway sector is creating a positive outlook for the market. Looking forward, IMARC Group expects the traction transformers market to grow at a CAGR of around 5% during 2021-2026.

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Competitive Landscape with Key Players:

  • ABB Ltd.
  • Alstom SA
  • EMCO Limited
  • Hind Rectifiers Ltd.
  • International Electric Co., Ltd.
  • JST Transformateurs
  • Schneider Electric SA
  • Setrans Holding AS
  • Siemens AG
  • Wilson Transformer Company

Market Segmentation:

Breakup by Type:

  • Tap Changing
  • Tapped
  • Rectifier

Breakup by Rolling Stock:

  • Electric Locomotives
  • High-Speed Trains
  • Metros
  • Others

Breakup by Mounting Position:

  • Underframe
  • Machine Room
  • Roof

Breakup by Overhead Line Voltage:

  • Alternative Current (AC) Systems
  • Direct Current (DC) Systems

Breakup by  Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

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Key highlights of the report:                                                    

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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