Traction Transformer Market Size - By Type (Alternative Current (AC) Traction Transformer, Direct Current (DC) Traction Transformer), By Mounting Position (Over the Roof, Machine Room, Under the Floor), By Application & Forecast, 2024 - 2032

Traction Transformer Market Size - By Type (Alternative Current (AC) Traction Transformer, Direct Current (DC) Traction Transformer), By Mounting Position (Over the Roof, Machine Room, Under the Floor), By Application & Forecast, 2024 - 2032

Traction Transformer Market size will record more than 7% CAGR from 2024-2032, driven by the strong integration of IoT and digital monitoring systems for real-time diagnostics, predictive maintenance, and enhanced operational efficiency. Of late, the incorporation of regenerative braking technology is allowing trains to recover energy during braking and feeding it back into the power grid for enhancing the overall energy efficiency. The greater emphasis on developing environmentally friendly transformers with lower energy consumption and reduced carbon footprint will also favor the product adoption. To cite an instance, in September 2022, Hitachi Energy launched RESIBLOC Rail, its new oil-free traction transformer up to 25 KV deployed with integrated cooling system.

The traction transformer industry is segmented into type, mounting position, application, and region.

By mounting position, the industry value from the machine room segment is anticipated to witness strong growth between 2024 and 2032. Machine room traction transformers play a crucial role in ensuring efficient, reliable, and sustainable power delivery for expanding and evolving the urban transit networks. With aging infrastructure in many existing metro systems and the strong need for replacement, these transformers are installed to improve reliability and efficiency.

Based on application, the traction transformer market from the metros segment will record significant expansion from 2024 to 2032, owing to their assistance in managing and smoothing out fluctuations in power supply for protecting sensitive electronic components on the train. As metro systems have limited space, traction transformers are designed to be compact and lightweight, fitting within the constrained spaces of metro vehicles while providing the necessary power conversion.

Regionally, the Europe traction transformer industry size is projected to witness substantial CAGR between 2024 and 2032 owing to the push towards greener transportation solutions on account of the greater emphasis on eco-friendly systems. Governments across the region are investing heavily on electrifying the existing rail networks to reduce carbon emissions and improve energy efficiency. The rapid expansion of metros, trams, and light rail systems in urban areas to address congestion and provide efficient public transportation solutions will favor the regional product demand.