The global Traction Converter market was valued at 2020.44 Million USD in 2021 and will grow with a CAGR of 3.24% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Traction converters are converters that supply traction motors, including high power diodes and thyristors, capacitors and reactors. The function of the traction converter is to convert the electric energy between the DC system and the AC system, and to control and regulate various traction motors to control the operation of the locomotive.The industry`s leading producers are ABB, CRRC and Siemens, with revenue ratios of 34.62%, 20.17% and 11.04%, respectively, in 2019.

By Market Verdors:

ABB

CRRC

Siemens

Ingeteam

Bombardier

Voith

Toshiba

CAF Power & Automation

Končar

Medha

Inovance

Cgglobal

By Types:

Propulsion Converter

Integrated Compact Converter

By Applications:

Diesel Locomotive

Electric Locomotive

EMU

Metro and DEMU

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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Learn about the market strategies that are being adopted by leading respective organizations.

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