Copyright Reports & Markets. All rights reserved.

Global Traction Converter System Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Request for Sample of this report
Buy now

1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Traction Converter System Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 AC/DC Hybrid Traction Converter System
    • 1.3.3 Full AC Traction Converter System
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Traction Converter System Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Railway Transportation
    • 1.4.3 Electric Traction Equipment
    • 1.4.4 Renewable Energy
    • 1.4.5 Industrial
    • 1.4.6 Others
  • 1.5 Global Traction Converter System Market Size & Forecast
    • 1.5.1 Global Traction Converter System Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Traction Converter System Sales Quantity (2020-2031)
    • 1.5.3 Global Traction Converter System Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Medha Servo
    • 2.1.1 Medha Servo Details
    • 2.1.2 Medha Servo Major Business
    • 2.1.3 Medha Servo Traction Converter System Product and Services
    • 2.1.4 Medha Servo Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Medha Servo Recent Developments/Updates
  • 2.2 ABB
    • 2.2.1 ABB Details
    • 2.2.2 ABB Major Business
    • 2.2.3 ABB Traction Converter System Product and Services
    • 2.2.4 ABB Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 ABB Recent Developments/Updates
  • 2.3 Siemens
    • 2.3.1 Siemens Details
    • 2.3.2 Siemens Major Business
    • 2.3.3 Siemens Traction Converter System Product and Services
    • 2.3.4 Siemens Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Siemens Recent Developments/Updates
  • 2.4 Ingeteam
    • 2.4.1 Ingeteam Details
    • 2.4.2 Ingeteam Major Business
    • 2.4.3 Ingeteam Traction Converter System Product and Services
    • 2.4.4 Ingeteam Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Ingeteam Recent Developments/Updates
  • 2.5 Hitachi Group
    • 2.5.1 Hitachi Group Details
    • 2.5.2 Hitachi Group Major Business
    • 2.5.3 Hitachi Group Traction Converter System Product and Services
    • 2.5.4 Hitachi Group Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Hitachi Group Recent Developments/Updates
  • 2.6 Mitsubishi Electric
    • 2.6.1 Mitsubishi Electric Details
    • 2.6.2 Mitsubishi Electric Major Business
    • 2.6.3 Mitsubishi Electric Traction Converter System Product and Services
    • 2.6.4 Mitsubishi Electric Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Mitsubishi Electric Recent Developments/Updates
  • 2.7 CAF Power & Automation
    • 2.7.1 CAF Power & Automation Details
    • 2.7.2 CAF Power & Automation Major Business
    • 2.7.3 CAF Power & Automation Traction Converter System Product and Services
    • 2.7.4 CAF Power & Automation Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 CAF Power & Automation Recent Developments/Updates
  • 2.8 CG Power & Industrial
    • 2.8.1 CG Power & Industrial Details
    • 2.8.2 CG Power & Industrial Major Business
    • 2.8.3 CG Power & Industrial Traction Converter System Product and Services
    • 2.8.4 CG Power & Industrial Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 CG Power & Industrial Recent Developments/Updates
  • 2.9 Titagarh Rail Systems
    • 2.9.1 Titagarh Rail Systems Details
    • 2.9.2 Titagarh Rail Systems Major Business
    • 2.9.3 Titagarh Rail Systems Traction Converter System Product and Services
    • 2.9.4 Titagarh Rail Systems Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Titagarh Rail Systems Recent Developments/Updates
  • 2.10 Zhuzhou CRRC Times Electric
    • 2.10.1 Zhuzhou CRRC Times Electric Details
    • 2.10.2 Zhuzhou CRRC Times Electric Major Business
    • 2.10.3 Zhuzhou CRRC Times Electric Traction Converter System Product and Services
    • 2.10.4 Zhuzhou CRRC Times Electric Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Zhuzhou CRRC Times Electric Recent Developments/Updates
  • 2.11 Nanjing Huashi Electronic Scientific
    • 2.11.1 Nanjing Huashi Electronic Scientific Details
    • 2.11.2 Nanjing Huashi Electronic Scientific Major Business
    • 2.11.3 Nanjing Huashi Electronic Scientific Traction Converter System Product and Services
    • 2.11.4 Nanjing Huashi Electronic Scientific Traction Converter System Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Nanjing Huashi Electronic Scientific Recent Developments/Updates

3 Competitive Environment: Traction Converter System by Manufacturer

  • 3.1 Global Traction Converter System Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Traction Converter System Revenue by Manufacturer (2020-2025)
  • 3.3 Global Traction Converter System Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Traction Converter System by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Traction Converter System Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Traction Converter System Manufacturer Market Share in 2024
  • 3.5 Traction Converter System Market: Overall Company Footprint Analysis
    • 3.5.1 Traction Converter System Market: Region Footprint
    • 3.5.2 Traction Converter System Market: Company Product Type Footprint
    • 3.5.3 Traction Converter System Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Traction Converter System Market Size by Region
    • 4.1.1 Global Traction Converter System Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Traction Converter System Consumption Value by Region (2020-2031)
    • 4.1.3 Global Traction Converter System Average Price by Region (2020-2031)
  • 4.2 North America Traction Converter System Consumption Value (2020-2031)
  • 4.3 Europe Traction Converter System Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Traction Converter System Consumption Value (2020-2031)
  • 4.5 South America Traction Converter System Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Traction Converter System Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Traction Converter System Sales Quantity by Type (2020-2031)
  • 5.2 Global Traction Converter System Consumption Value by Type (2020-2031)
  • 5.3 Global Traction Converter System Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Traction Converter System Sales Quantity by Application (2020-2031)
  • 6.2 Global Traction Converter System Consumption Value by Application (2020-2031)
  • 6.3 Global Traction Converter System Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Traction Converter System Sales Quantity by Type (2020-2031)
  • 7.2 North America Traction Converter System Sales Quantity by Application (2020-2031)
  • 7.3 North America Traction Converter System Market Size by Country
    • 7.3.1 North America Traction Converter System Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Traction Converter System Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Traction Converter System Sales Quantity by Type (2020-2031)
  • 8.2 Europe Traction Converter System Sales Quantity by Application (2020-2031)
  • 8.3 Europe Traction Converter System Market Size by Country
    • 8.3.1 Europe Traction Converter System Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Traction Converter System Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Traction Converter System Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Traction Converter System Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Traction Converter System Market Size by Region
    • 9.3.1 Asia-Pacific Traction Converter System Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Traction Converter System Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Traction Converter System Sales Quantity by Type (2020-2031)
  • 10.2 South America Traction Converter System Sales Quantity by Application (2020-2031)
  • 10.3 South America Traction Converter System Market Size by Country
    • 10.3.1 South America Traction Converter System Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Traction Converter System Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Traction Converter System Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Traction Converter System Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Traction Converter System Market Size by Country
    • 11.3.1 Middle East & Africa Traction Converter System Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Traction Converter System Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Traction Converter System Market Drivers
  • 12.2 Traction Converter System Market Restraints
  • 12.3 Traction Converter System Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Traction Converter System and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Traction Converter System
  • 13.3 Traction Converter System Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Traction Converter System Typical Distributors
  • 14.3 Traction Converter System Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Traction Converter System market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.
    In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
    Traction Converter System is a power conversion system used for rail transit, electric traction, and other high-power demand applications. It converts electricity from a power source into electrical energy suitable for use by electric vehicles or traction equipment. The traction converter system is one of the core components of the drive system for rail vehicles such as electric locomotives, subways, and high-speed trains. Through the conversion and control of electrical energy, it achieves the starting, acceleration, deceleration, and braking of trains.
    This report is a detailed and comprehensive analysis for global Traction Converter System market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Traction Converter System market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
    Global Traction Converter System market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
    Global Traction Converter System market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
    Global Traction Converter System market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Traction Converter System
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Traction Converter System market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Medha Servo, ABB, Siemens, Ingeteam, Hitachi Group, Mitsubishi Electric, CAF Power & Automation, CG Power & Industrial, Titagarh Rail Systems, Zhuzhou CRRC Times Electric, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Traction Converter System market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    AC/DC Hybrid Traction Converter System
    Full AC Traction Converter System
    Market segment by Application
    Railway Transportation
    Electric Traction Equipment
    Renewable Energy
    Industrial
    Others
    Major players covered
    Medha Servo
    ABB
    Siemens
    Ingeteam
    Hitachi Group
    Mitsubishi Electric
    CAF Power & Automation
    CG Power & Industrial
    Titagarh Rail Systems
    Zhuzhou CRRC Times Electric
    Nanjing Huashi Electronic Scientific
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Traction Converter System product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Traction Converter System, with price, sales quantity, revenue, and global market share of Traction Converter System from 2020 to 2025.
    Chapter 3, the Traction Converter System competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Traction Converter System breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Traction Converter System market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Traction Converter System.
    Chapter 14 and 15, to describe Traction Converter System sales channel, distributors, customers, research findings and conclusion.

    Buy now