The North America Traction Transformer Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
Electrical regulations for traction transformers used in high-speed trains or EMUs differ. The traction converters can operate between 0.7 kV and 25 kV with the voltage lines' range of 15 kV or 25 kV. At each level of production, quality assurance departments conduct quality checks during manufacturing. It ensures decreased life cycle costs and simpler maintenance costs, as well as greater performance to have dependability and energy efficiency.
As a result, doing a quality check before releasing the goods onto the market is crucial. ISO 9001, IEC 60310, ISO 14001, and IRIS Certification are a few of the organizations that do quality checks. Due to recent technological advancements, it is now possible to replace traditional elements with power technology, which presents market potential. This improvement in traction technology is referred to as the fourth revolution.
The industry has gathered speed over the years owing to the promising rate of rail infrastructure construction in numerous nations throughout the world and an increase in demand for speedier commuting networks. Traction is most likely to be benefitted from the transformer's weight reduction because the majority of other large transformer types have a tendency to be stationary. As a result, this is the field where this development must take place first. Multiple-unit passenger trains, like commuter or high-speed trains, have the most potential for it.
The growth in rail electrification and the widespread use of high-speed trains in North America are the main factors driving the traction transformer market in this region. Due to the North American rail transport market's liberalization, traction transformers are being used more frequently in applications including rail electrification, which is fueling the industry's growth. In America, trains travel on tracks that belong to freight railways for around 70% of their total kilometers
The US market dominated the North America Traction Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $188.4 million by 2028. The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.3% during (2022 - 2028).
Based on Mounting Position, the market is segmented into Machine Room, Under the Floor, and Over the Roof. Based on Voltage Network, the market is segmented into Alternative Current (AC) Systems and Direct Current (DC) Systems. Based on Rolling Stock, the market is segmented into Electric Locomotives, Metros, High-speed Trains, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Traction Transformer Market is Predict to reach $901.6 Million by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, JST Transformateurs, EMCO Limited, Hind Rectifiers Limited, International Electric Co, Ltd, Mitsubishi Electric Corporation, Schneider Electric SE and Wilson Transformer Company Pty Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Mounting Position
- Machine Room
- Under the Floor
- Over the Roof
By Voltage Network
- Alternative Current (AC) Systems
- Direct Current (DC) Systems
By Rolling Stock
- Electric Locomotives
- Metros
- High-speed Trains
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- JST Transformateurs
- EMCO Limited
- Hind Rectifiers Limited
- International Electric Co, Ltd
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Wilson Transformer Company Pty Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Traction Transformer Market, by Mounting Position
1.4.2 North America Traction Transformer Market, by Voltage Network
1.4.3 North America Traction Transformer Market, by Rolling Stock
1.4.4 North America Traction Transformer Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Traction Transformer Market
Chapter 4. North America Traction Transformer Market by Mounting Position
4.1 North America Machine Room Market by Country
4.2 North America Under the Floor Market by Country
4.3 North America Over the Roof Market by Country
Chapter 5. North America Traction Transformer Market by Voltage Network
5.1 North America Alternative Current (AC) Systems Market by Country
5.2 North America Direct Current (DC) Systems Market by Country
Chapter 6. North America Traction Transformer Market by Rolling Stock
6.1 North America Electric Locomotives Market by Country
6.2 North America Metros Market by Country
6.3 North America High-speed Trains Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Traction Transformer Market by Country
7.1 US Traction Transformer Market
7.1.1 US Traction Transformer Market by Mounting Position
7.1.2 US Traction Transformer Market by Voltage Network
7.1.3 US Traction Transformer Market by Rolling Stock
7.2 Canada Traction Transformer Market
7.2.1 Canada Traction Transformer Market by Mounting Position
7.2.2 Canada Traction Transformer Market by Voltage Network
7.2.3 Canada Traction Transformer Market by Rolling Stock
7.3 Mexico Traction Transformer Market
7.3.1 Mexico Traction Transformer Market by Mounting Position
7.3.2 Mexico Traction Transformer Market by Voltage Network
7.3.3 Mexico Traction Transformer Market by Rolling Stock
7.4 Rest of North America Traction Transformer Market
7.4.1 Rest of North America Traction Transformer Market by Mounting Position
7.4.2 Rest of North America Traction Transformer Market by Voltage Network
7.4.3 Rest of North America Traction Transformer Market by Rolling Stock
Chapter 8. Company Profiles
8.1 ABB Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.2 Siemens AG
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Schneider Electric SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Mitsubishi Electric Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.5 Hind Rectifiers Limited
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Research & Development Expenses
8.6 JST Transformateurs
8.6.1 Company Overview
8.7 EMCO Limited
8.7.1 Company Overview
8.8 International Electric Co., Ltd.
8.8.1 Company Overview
8.9 Wilson Transformer Company Pty Ltd
8.9.1 Company Overview
TABLE 1 North America Traction Transformer Market, 2018 - 2021, USD Million
TABLE 2 North America Traction Transformer Market, 2022 - 2028, USD Million
TABLE 3 North America Traction Transformer Market by Mounting Position, 2018 - 2021, USD Million
TABLE 4 North America Traction Transformer Market by Mounting Position, 2022 - 2028, USD Million
TABLE 5 North America Machine Room Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Machine Room Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Under the Floor Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Under the Floor Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Over the Roof Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Over the Roof Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Traction Transformer Market by Voltage Network, 2018 - 2021, USD Million
TABLE 12 North America Traction Transformer Market by Voltage Network, 2022 - 2028, USD Million
TABLE 13 North America Alternative Current (AC) Systems Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Alternative Current (AC) Systems Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Direct Current (DC) Systems Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Direct Current (DC) Systems Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Traction Transformer Market by Rolling Stock, 2018 - 2021, USD Million
TABLE 18 North America Traction Transformer Market by Rolling Stock, 2022 - 2028, USD Million
TABLE 19 North America Electric Locomotives Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Electric Locomotives Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Metros Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Metros Market by Country, 2022 - 2028, USD Million
TABLE 23 North America High-speed Trains Market by Country, 2018 - 2021, USD Million
TABLE 24 North America High-speed Trains Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Traction Transformer Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Traction Transformer Market by Country, 2022 - 2028, USD Million
TABLE 29 US Traction Transformer Market, 2018 - 2021, USD Million
TABLE 30 US Traction Transformer Market, 2022 - 2028, USD Million
TABLE 31 US Traction Transformer Market by Mounting Position, 2018 - 2021, USD Million
TABLE 32 US Traction Transformer Market by Mounting Position, 2022 - 2028, USD Million
TABLE 33 US Traction Transformer Market by Voltage Network, 2018 - 2021, USD Million
TABLE 34 US Traction Transformer Market by Voltage Network, 2022 - 2028, USD Million
TABLE 35 US Traction Transformer Market by Rolling Stock, 2018 - 2021, USD Million
TABLE 36 US Traction Transformer Market by Rolling Stock, 2022 - 2028, USD Million
TABLE 37 Canada Traction Transformer Market, 2018 - 2021, USD Million
TABLE 38 Canada Traction Transformer Market, 2022 - 2028, USD Million
TABLE 39 Canada Traction Transformer Market by Mounting Position, 2018 - 2021, USD Million
TABLE 40 Canada Traction Transformer Market by Mounting Position, 2022 - 2028, USD Million
TABLE 41 Canada Traction Transformer Market by Voltage Network, 2018 - 2021, USD Million
TABLE 42 Canada Traction Transformer Market by Voltage Network, 2022 - 2028, USD Million
TABLE 43 Canada Traction Transformer Market by Rolling Stock, 2018 - 2021, USD Million
TABLE 44 Canada Traction Transformer Market by Rolling Stock, 2022 - 2028, USD Million
TABLE 45 Mexico Traction Transformer Market, 2018 - 2021, USD Million
TABLE 46 Mexico Traction Transformer Market, 2022 - 2028, USD Million
TABLE 47 Mexico Traction Transformer Market by Mounting Position, 2018 - 2021, USD Million
TABLE 48 Mexico Traction Transformer Market by Mounting Position, 2022 - 2028, USD Million
TABLE 49 Mexico Traction Transformer Market by Voltage Network, 2018 - 2021, USD Million
TABLE 50 Mexico Traction Transformer Market by Voltage Network, 2022 - 2028, USD Million
TABLE 51 Mexico Traction Transformer Market by Rolling Stock, 2018 - 2021, USD Million
TABLE 52 Mexico Traction Transformer Market by Rolling Stock, 2022 - 2028, USD Million
TABLE 53 Rest of North America Traction Transformer Market, 2018 - 2021, USD Million
TABLE 54 Rest of North America Traction Transformer Market, 2022 - 2028, USD Million
TABLE 55 Rest of North America Traction Transformer Market by Mounting Position, 2018 - 2021, USD Million
TABLE 56 Rest of North America Traction Transformer Market by Mounting Position, 2022 - 2028, USD Million
TABLE 57 Rest of North America Traction Transformer Market by Voltage Network, 2018 - 2021, USD Million
TABLE 58 Rest of North America Traction Transformer Market by Voltage Network, 2022 - 2028, USD Million
TABLE 59 Rest of North America Traction Transformer Market by Rolling Stock, 2018 - 2021, USD Million
TABLE 60 Rest of North America Traction Transformer Market by Rolling Stock, 2022 - 2028, USD Million
TABLE 61 Key Information – ABB Group
TABLE 62 Key Information – Siemens AG
TABLE 63 Key information – Schneider Electric SE
TABLE 64 key information – Mitsubishi Electric Corporation
TABLE 65 Key Information – Hind Rectifiers Limited
TABLE 66 Key Information – JST Transformateurs
TABLE 67 Key Information – EMCO Limited
TABLE 68 Key Information – International Electric Co., Ltd.
TABLE 69 Key Information – Wilson Transformer Company Pty Ltd
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: ABB Group
FIG 3 SWOT Analysis: ABB Group
FIG 4 Recent strategies and developments: Siemens AG
FIG 5 Swot analysis: Siemens AG
FIG 6 Swot analysis: Schneider Electric SE