Railway Traction Power Supply System Market Study for 2022

Railway Traction Power System Market

Global Railway Traction Power System Market is valued at USD 28.88 Billion in 2022 and is projected to reach a value of USD 43.99 Billion by 2030, growing at a CAGR of 5.4% over the forecast period 2022 -2030.

A traction motor in railways is an electric motor that converts electrical energy into torque energy, and it is connected to a shaft, resulting in linear motion.

Traction motors are powered by electricity and generate the power needed to turn the wheels of the train.

The rotational force produced by the traction motors is transmitted to the wheels via the reduction gear and the drive axle.

Traction motors are usually mounted in railway rolling stock where the wheels are housed.

Reduced number of components for fewer elements requiring maintenance and reduced frequency.

The completely sealed structure and improved ancillary devices such as cooling fans help keep noise levels low in rail traction motors.

Global Railway Traction Power Supply System Market: Overview

Global Railway Traction Power System Market is valued at USD 28.88 Billion in 2022 and is projected to reach a value of USD 43.99 Billion by 2030, growing at a CAGR of 5.4% over the forecast period 2022 -2030.

Government investments in railway infrastructure development and increasing number of railway networks will increase the demand for railway traction inverters.

In urban areas, governments are focusing on large investments to develop effective and efficient transport infrastructure, such as increasing the number of metro stations as well as subways, to make passenger transport faster and more comfortable. .

Railways are an integral part of the public transport system worldwide and will play an important role due to increasing public density, urbanization and changing travel behaviors of the population.

These factors are expected to accelerate the growth of the railway traction inverter market throughout the assessment period.

Key Trends: Growth Drivers and Challenges

• Air pollution caused by transport

Air pollution from transportation is a major environmental problem, and governments around the world have made vigorous efforts to reduce emissions from transportation. According to data collected from the European Commission, railways emit about 1% of all NO2 from transport. Therefore, existing HC fuel powered railways are being converted to electric railways to reduce these emissions.

The electrification of railways is increasing rapidly across the world. India has electrified over 6000 km of its railway network in 2020. Electrification of railway networks and conversion of conventional diesel locomotives to electric locomotives are driving the demand for electric traction systems.

• Installation of high capacity lithium-ion batteries

Progress is being made in the practical application of technologies for installing large-capacity lithium-ion batteries in rolling stock and using them for traction power. In particular, installing batteries in rolling stock traveling on non-electrified sections of track can save energy, minimize noise and reduce maintenance requirements compared to conventional diesel railcars. Hitachi has marketed a battery-powered train that can run on non-electrified sections of track using energy stored in batteries charged from overhead alternating current (AC) lines. These new technologies offer significant opportunities to players in the global rail traction market. .

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Competitive Landscape:
• ABB Group
• ALSTOM
• BHEL
• Bombardier
• Hyundai Rotem Company
• Mitsubishi Electric Corporation
• Saini Group
• Siemens
• Sulzer Ltd.
• VEM Group

Global Railway Traction Power Supply System Market Segment Analysis:

Type based
• DC traction motor
• AC traction motor
• Synchronous AC traction motor

Based on demand
• Diesel engine
• Electric multiple units
• Electric locomotives
• Diesel-electric locomotives

Component-based
• Current collectors
• Propulsion systems
• Auxiliary power unit
• Control units
• Others

Based on rail type
• Passenger
• High-speed railways
• Metro or Metro
• Trams
• Suburb
• Monorail
• Freight

Based on region

North America (US, Canada), Europe (UK, France, Spain, Italy, Germany), Asia-Pacific (India, China, Japan, South Korea, Australia), Latin America (Mexico, Brazil) , Middle East and Africa (UAE, Saudi Arabia, South Africa)

Asia-Pacific held a major share of the global rail traction market in 2020. This high share is attributable to the expansion of the rail network, increase in the production of locomotives and the high number of passengers carried by the railways in China, India and other Asian countries. Peaceful.

Main questions answered by the report:

• What are the major challenges, growth factors and trends in the global railway traction power systems market?
• Who are the key companies contributing to the growth of the global Railway Traction Power Supply Systems market?
• Which regional segment accounts for the largest revenue share in the global railway traction power supply systems market?

Key takeaways from the report:

• Regional analysis coupled with other segmental analyses.
• Market trends, challenges and growth factors.
• Global Railway Traction Power System Market is valued at USD 28.88 Billion in 2022 and is projected to reach a value of USD 43.99 Billion by 2030, growing at a CAGR of 5.4% over the forecast period 2022-2030.

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This press release was published on openPR.

Alan A. Seibert