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Traction transformer market led by ABB with over 50% of the sector

Press Release   •   Feb 14, 2013 14:57 GMT

The global traction transformer market has been forecast to increase at a compound annual growth rate (CAGR) of 7.52% over the next five years, rising from a valuation of $1.17 billion in 2013, to hit a market value of $1.69 billion by 2018.

Electric traction is a highly advantageous substitute to conventional fossil fuel-based traction systems. The traction transformer is an integral part of the electric traction system. Traction transformers present on-board the trains and rolling stock transform the high voltage from the overhead catenary into low usable voltage for the traction motors.

In terms of revenue, the electric locomotive market for traction transformers is the largest, but shipment-wise, EMUs are the major contributors. This is mainly because the electric locomotive traction transformer market is a high revenue market while EMU traction transformer market is a high volume market.

The growth rate of traction transformers in high speed trains has been above average in the last five years and its unit shipments have been forecast to grow from 315 units in 2013 to 541 units in 2018 at a CAGR of 11.43% over the five year period.

Traction transformers for trains and railway stock transform the overhead contact line voltage, which ranges mainly from 15 kV or 25 kV to voltages suitable for traction converters (0.7 kV and 1.5 kV).

The traction transformer market is highly geography specific, with Europe leading the pack due to its early acceptance of the electric traction technology. US is the biggest potential market in the Americas due to the current (2013) low electrification adoption rate.

APAC is an emerging market due to its high population density and is growing at a CAGR of 8.14% from 2013 to 2018 in terms of revenue.

The major companies involved in traction transformer market include ABB (Switzerland), Siemens AG (Germany) and Alstom SA (France). ABB is the market leader with over 50% market share.

For more information on the traction transformer market, see the latest research: Traction Transformer Market

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