Traction Transformer Market - Top Companies and Manufacturers

Companies Dominating the Traction Transformer Landscape

The traction transformer market consists of many key players who are launching various strategic initiatives to expand their market position in the industry. Major players leverage their extensive global networks to provide traction transformers worldwide, ensuring timely delivery and localized support.

Siemens AG
- Company Overview
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ABB
JST Transformateurs
ZARCO REALTIES PRIVATE LIMITED
International Electric Co., Ltd.
Schneider Electric
Hitachi Energy Ltd
Wilson Transformer Company
General Electric Company
Setrans Holding AS

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Traction Transformer Market Size & Share, Growth Report 2037

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In January 2024, ABB announced to provide the whole traction chain, including electric motors, transformers, and converters, in collaboration with Reloc, a regional contractor with expertise in modernizing and refurbishing locomotives used in Romania.
The initiative will enable them to achieve high levels of energy efficiency and dependability and will allow increases in drive train efficiency of approximately 5% overall when compared to the previous traction system that used DC motors.
In September 2022, Hitachi Energy Ltd announced the introduction of RESIBLOC Rail, an innovative oil-free and plug-and-play traction transformer that offers the customer a plug-and-play dry-type traction transformer solution that has never been possible before.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of traction transformer is evaluated at USD 1.71 billion.

The traction transformer market size was valued at USD 1.63 billion in 2024 and is set to exceed USD 3.65 billion by 2037, registering over 6.4% CAGR during the forecast period i.e., between 2025-2037. Rising environmental concerns will drive the market growth.

Asia Pacific industry is predicted to account for largest revenue share of 50% by 2037, led by burgeoning construction of a high-speed railway network in the region.

The major players in the market are ABB, JST Transformateurs, ZARCO REALTIES PRIVATE LIMITED, International Electric Co., Ltd., Schneider Electric, Hitachi Energy Ltd, Wilson Transformer Company, General Electric Company, Setrans Holding AS, and others.

Traction Transformer Market - Top Companies and Manufacturers

Companies Dominating the Traction Transformer Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

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Which region held the largest traction transformer industry share?

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