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Pulished Date April, 2021
ID: 9049
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Traction Converters Market Analysis – By Type (Propulsion Converter & Integrated Compact Converter), By Application (Diesel Locomotive, Electric Locomotive, EMU, Metro & DEMU), By Region ((North America (U.S., Canada), Europe (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of EU), Asia Pacific (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC), Latin America (Brazil, Mexico, Argentina, Chile), Middle East and Africa (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)) – Global Industry Analysis on Size, Share, Growth, Trends & Forecast | 2021 - 2026

Pulished: April, 2021
ID: 9049
Pages: 140

Traction converters Market Size, Share & Growth (2021 - 2026)

The size of Traction Converters Market is estimated to reach USD 426.54 billion, growing at a CAGR of 2.5% by the end of 2026.

Traction converter's main application is to convert single-phase AC input to a stable DC. This Stable DC link voltage is taken as an input power for controlling the system. This equipment is highly used in the new generation vehicles, metro cars, and others.

Rise in the demand for transportation through railway, metro, and other rail-based transports is certainly a major factor leveling up the demand of the market. Increasing capital income in developed and developing countries is boosting up the growth of the market.

However, failure in the proper functioning of the system is impeding the demand of the market. Lack of standardization may also impact negatively on the growth of the traction converters market.

The adoption of advanced technologies and the introduction of innovative products is setting up growth opportunities for the market. Growing awareness over the utilization of appropriate systems for the applications to gain profits is greatly influencing the demand of the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2021 – 2026

Base Year

2020

Forecast Period

2021 - 2026

Segments Covered

By Type, Application & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Toshiba, CAF Power & Automation, Medha Servo Drives Private Limited, Voith, RXPE, Nomad Digital Ltd., Cgglobal.

 

This research report on the Global Traction Converters Market includes the below and analyzed market size & forecast for each segment until 2024.

Traction Converters Market – By Type

  • Propulsion Converter
  • Integrated Compact Converter

On the basis of type, the Propulsion converter is leading with the largest shares of the market. Rise in support from the government through investments is bolstering the demand of the business.

Traction Converters Market – By Application

  • Diesel Locomotive
  • Electric Locomotive
  • EMU
  • Metro
  • DEMU

On the basis of application, the diesel locomotive application is dominating with the highest shares of the industry. The rise in the demand for less fuel consumption motors is lavishing the demand of this market.

Traction Converters Market – By Region

  • North America - (U.S, Canada)
  • Europe - (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe)
  • Asia Pacific - (India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC)
  • Latin America - (Brazil, Mexico, Argentina, Chile & Rest of LATAM)
  • Middle East & Africa - (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA)

Geographically, the global traction converters market is held by North America with the highest shares of the market due to the rise in the scale of automotive industries. The Asia Pacific is positioned second in leading the highest shares of the market by owing to increasing revenue and also to adopt new technologies in transportation. Europe is growing with the highest CAGR with increased applications in the railway sector. The Middle East and Africa are anticipated to have a significant growth rate in foreseen years.

Most promising companies leading the Global traction converters market profiled in this report are Toshiba, CAF Power & Automation, Medha Servo Drives Private Limited, Voith, RXPE, Nomad Digital Ltd & Cgglobal.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Type
      1. Propulsion Converter
      2. Integrated Compact Converter
      3. Y-o-Y Growth Analysis, By Type
      4. Market Attractiveness Analysis, By Type
      5. Market Share Analysis, By Type
    2. By Application
      1. Diesel Locomotive
      2. Electric Locomotive
      3. EMU
      4. Metro
      5. DEMU
      6. Y-o-Y Growth Analysis, By Application
      7. Market Attractiveness Analysis, By Application
      8. Market Share Analysis, By Application
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Type
        3. By Application
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Type
        3. By Application
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Type
        3. By Application
    2. North America
      1. Introduction
      2. US
      3. Canada
    3. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
    4. Asia-Pacific
      1. Introduction
      2. India
      3. China
      4. Japan
      5. South Korea
      6. Australia
    5. Latin America
      1. Introduction
      2. Brazil
      3. Argentina
      4. Mexico
    6. Middle East & Africa
      1. Introduction
      2. Middle East
      3. Africa
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. 3D Systems Corporation
      1. Overview
      2. Product Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. Toshiba
    3. CAF Power & Automation
    4. Medha Servo Drives Private Limited
    5. Voith
    6. RXPE
    7. Nomad Digita   l Ltd
    8. Cgglobal
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Product Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of raw materials, by application, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Traction Converters Market

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