Traction Transformer Market to grow at a CAGR of 4.28 percent during the forecast period, Latest Advancements and Key Manufacturers

April 20 17:53 2023
Traction Transformer Market to grow at a CAGR of 4.28 percent during the forecast period, Latest Advancements and Key Manufacturers
Traction Transformer Market
Traction Transformer Market was valued at USD 652.45 Million in 2021, and it is expected to reach USD 912.28 Million by 2029, exhibiting a CAGR of 4.28 % during the forecast period (2022-2029)

Pune, 20, April 2023: As per Maximize Market Research, a global business research and consultancy firm, the total global market for “Traction Transformer Market” was USD 652.45 Mn in 2021 and is expected to grow at a CAGR of 4.28 percent over the forecast period to reach USD 912.28 Mn by 2029

Traction Transformer Market Report Scope and Research Methodology

The Traction Transformer Market report is a combination of primary and secondary data. The primary research method includes e-mail interactions, telephonic and face-to-face interviews while secondary data was collected from various sources such as annual or financial reports, government documents, company websites, industry white papers and investor presentations with paid and free databases, which helped to get the immense knowledge of the Traction Transformer market. Primary data was conducted from Traction Transformer industry experts and experts in order to validate the data and analysis of the market. PESTLE analysis used for the report helps to understand the impact of the political, economic, social and technological factors on the Traction Transformer market. The bottom-up approach was used to estimate the global and regional Traction Transformer market size. In-depth information on drivers, restraints, challenges and opportunities has been provided in the report with the SWOT analysis to provide strengths and weaknesses of the Traction Transformer key players in the industry.  

Traction Transformer Market Dynamics

During the forecast period, the market is expected to be driven by the increasing adoption of rail traction systems in both traditional and next-generation locomotives such as electric locomotives, tram-trains and high-speed trains in order to cater to the increasing number of passengers and travel routes. The modernization of rolling stock electrical systems is the primary factor driving the growth of the Traction Transformer Market. The electrification of rail networks is creating various lucrative opportunities for the growth of the market.  

Get a Sample Copy of the Report: 

Traction Transformer Market Regional Insights

The APAC region held the largest Traction Transformer Market share of 28 percent in 2021 and is expected to grow at a high CAGR of 6.12 percent during the forecast period. The regional market is growing due to the increasing technological advancements and the presence of key players in the region. 

During the forecast period, the Traction Transformer Market in North America is expected to grow significantly. The regional market is growing due to the rapidly developing infrastructure. 

Traction Transformer Market Segmentation

By Rolling Stock

  • Three Phase Traction Transformer
  • Single Phase Traction Transformer


By Mounting Position

  • Industrial
  • Commercial
  • Residential


By Overhead Line Voltage

  • AC
  • DC


Traction Transformer Market Key Competitors include:

  • Avago technologies ltd(US)
  • SPX transformer(US)
  • General Electric(US)
  • ABB Ltd.(Switzerland)
  • Siemens AG( Germany)
  • EMCO Limited( India)
  • Hind Rectifiers Limited( India)
  • International Electric Co., Ltd.(South Korea)
  • Setrans Holding as(France)
  • JST Transformateurs(France)
  • Schneider Electric SA( France)
  • Alstom SA(France)
  • Wilson Transformer Company(Australia)
  • Mitsubishi Electric Corporation(Japan)
  • CRRC( China)
  • Sunten Electric(China)
  • Brush Traction(UK)
  • Altrafo Trasformatori( Italy)


Table of Content for Traction Transformer Market

  • Global Traction Transformer Market: Research Methodology


  • Global Traction Transformer Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global Traction Transformer Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global Traction Transformer Market Segmentation
  • Global Market, by Rolling Stock (2021-2029)
  • Global Market, by Mounting Position (2021-2029)
  • Global Market, by Overhead Line Voltage (2021-2029)


  • Regional Traction Transformer Market (2021-2029)
  • Regional Market, by Rolling Stock (2021-2029)
  • Regional Market, by Mounting Position (2021-2029)
  • Regional Market, by Overhead Line Voltage (2021-2029)
  • Regional Market, by Country (2021-2029)


  • Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


Get the Sample PDF of Report: 

Key questions answered in the Traction Transformer Market are:

  • What is Traction Transformer?
  • What is the expected Traction Transformer Market size by 2029?
  • What are the global trends in the Traction Transformer Market?
  • What growth strategies are the players considering to increase their presence in Traction Transformer?
  • Who are the leading manufacturers and what are their portfolios in Traction Transformer Market? 
  • What are the major challenges that the Traction Transformer Market could face in the future? 
  • Who held the largest market share in Traction Transformer Market? 
  • Which regional Traction Transformer Market is expected to grow at a high rate during the forecast period?


Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Rolling Stock, Mounting Position, Overhead Line Voltage and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 


Maximize Market Research is leading Energy & Power research firm, has also published the following reports:

Traction Battery Market – The market size is expected to reach USD 64.22 billion by 2029 at a CAGR of 8.2 percent during the forecast period. The market is growing due to the large-scale deployment of traction batteries in hybrid and electric vehicles. 

Electric Vehicle Traction Motor Market – The market size is expected to reach USD 51.72 billion by 2029 at a CAGR of 35.32 percent during the forecast period. The market is expected to be driven by increasing investments in electric vehicles (EVs). 


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

Media Contact
Contact Person: Geeta Yevle
Email: Send Email
Phone: +91 9607365656
Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
City: Pune
State: Maharashtra
Country: India