Press release
Electric Traction Systems Market: Emergence of advanced technologies and global industry analysis
Companies are also focusing on strategic partnerships to achieve inorganic growth and gain strategic resources. A recent instance is the alliance between ABB Ltd. and Alstom. In November 2016, ABB Ltd. signed a partnership agreement with Alstom under which ABB Ltd. earned the contract from Alstom of supplying 1600 traction transformers for 800 new electric freight locomotives across India.
Transparency Market Research estimates that the global electric traction market will exhibit a moderate 2.5% CAGR from 2017 to 2025, rising from a valuation of US$342.94 bn in 2016 to US$426.54 bn by 2025.
Sample With Latest Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24611
Driven on Back of Infrastructure Development Activities, Asia Pacific Market to Exhibit Strong Growth
In terms of type, the market for electric traction systems is presently dominated by the segment of electric traction motor. The segment accounted for more than 67% of the global market for electric traction systems in 2016 and is expected to witness strong growth over the report’s forecast period as well, retaining its dominance over other product segments by a significant margin.
In terms of geography, Asia Pacific was the dominant regional market in terms of revenue contribution in 2016. Improvements in the transportation industry infrastructure, which includes metro rail systems, high speed bullet trains, hybrid electric vehicles, and railway connections, are the major factors which are propelling the market for electric traction systems across Asia Pacific. Rapid technological developments in the transportation industry across different countries; for instance, China, Japan, South Korea, and Australia fuel the demand for electric traction systems in this region.
Browse Our Press Releases For More Information @ https://www.transparencymarketresearch.com/pressrelease/electric-traction-systems-market.htm
Rising Usage of Electric Vehicles to Contribute to Growth
Modernization of passenger railcars and the rapid rate of urbanization, coupled with the vast increase in the usage of electric locomotives, have been the primary growth factors driving the global market for electric traction systems of late. The steady rise in railway traffic across developed as well as developing economies is compelling government authorities, railroad companies, and rolling stock manufacturers to focusing on modernizing passenger railcars. Furthermore, the increased induction of air-conditioned coaches has also greatly increased the demand for electric traction systems, as power consumption of vehicles increase to support air conditioners.
Moreover, the demand for rail-based transportation is rapidly rising due to the rise in the global population and the rising demand for faster transportation facilities. This is driving significant transformation in railway connectivity and other rail-based transportation infrastructure, which is estimated to increase further. Suburban railways such as metros, trams, and intercity high speed networks are being planned across numerous big cities in several emerging economies, which is again expected to propel the market for electric traction systems in the next few years. Furthermore, continuous investment in research and development has impacted the market for electric traction systems positively.
Browse Our Table of Content @ https://www.transparencymarketresearch.com/report-toc/24611
This review of the global electric traction systems market is based on a recent market research report published by Transparency Market Research, titled “Electric Traction Systems Market (Type - Electric Traction Transformer, Electric Traction Motor, Electric Traction Generator, Electric Traction Inverter, and Electric Traction Converter; End-use Industry - Automotive, Oil & Gas, Power Engineering / Electrical Engineering, Mining, and Transportation) - Global Industry Analysis Size Share Growth Trends and Forecast 2017 - 2025.”
For the study, the market has been segmented as follows:
Global Electric Traction Systems Market by Type
Electric Traction Transformer
Electric Traction Motor
Electric Traction Generator
Electric Traction Inverter
Electric Traction Converter
Others
Global Electric Traction Systems Market by End-use Industry
Automotive
Oil & Gas
Power Engineering/Electrical Engineering
Mining
Transportation
Railways
Electric Traction Transformer
Electric Traction Motor
Electric Traction Generator
Electric Traction Inverter
Electric Traction Converter
Others
Others
Others
Global Electric Traction Systems Market by Region
North America
The U.S.
Rest of North America
Europe
The U.K.
Germany
France
Russia
CIS (Except Russia)
Italy
Poland
The Czech Republic
Switzerland
Austria
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
Middle East and Africa
United Arab Emirates
Iran
South Africa
Rest of Middle-East & Africa
South America
Argentina
Brazil
Rest of South America
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
Contact
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
USA T: +1-347-918-3531
Email: sales@futuremarketinsights.com
Website: http://www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Electric Traction Systems Market: Emergence of advanced technologies and global industry analysis here
News-ID: 779136 • Views: …
More Releases from Future Market Insights
Japan's Calcium Gluconate Demand to Reach USD 6.3 Billion by 2035 Driven by Prev …
The demand for calcium gluconate in Japan is projected to rise from USD 4.9 billion in 2025 to USD 6.3 billion by 2035, registering a compound annual growth rate (CAGR) of 2.5%. Calcium gluconate, a calcium salt, is widely used across pharmaceutical and food industries, from intravenous treatments for calcium deficiencies to fortifying foods and beverages.
The growth is primarily driven by the increasing prevalence of calcium-related deficiencies and the expanding…
Japan's Cheese Flavor Demand to Surpass USD 1.29 Trillion by 2035, Driven by Sna …
The demand for cheese flavor in Japan is projected to expand from USD 786.9 billion in 2025 to USD 1,293.8 billion by 2035, advancing at a steady 5.1% CAGR. Growth is anchored in the rising use of cheese flavor systems across snack foods, processed meals, baked goods and seasoning blends-segments where authentic taste delivery and differentiation continue to shape product development strategies nationwide.
Japan's food manufacturing ecosystem is integrating more sophisticated…
Japan's Canned Legumes Demand Set for Steady Growth, Expected to Reach USD 248.2 …
Japan's canned legumes demand is valued at USD 180.7 million in 2025 and is projected to reach USD 248.2 million by 2035, expanding at a 3.2% CAGR. Growth is driven by rising adoption of plant-based proteins, broader use of ready-to-cook ingredients, and strong preference for shelf-stable foods among urban and small households.
Consumption continues to increase as households incorporate canned chickpeas, beans, peas, and mixed legumes into salads, curries, simmered dishes,…
Japan's Demand for Chlorophyll Color Set to Reach USD 22.2 Billion by 2035 as Cl …
Japan's chlorophyll color industry is entering a decade of accelerated transformation, supported by stringent clean-label regulations, rising consumer scrutiny, and rapid reformulation activity across food and beverage categories. The market is valued at USD 9.7 billion in 2025 and is forecast to reach USD 22.2 billion by 2035, expanding at a strong 8.6% CAGR, underscoring its transition from niche natural colorant to a mainstream formulation priority for manufacturers nationwide.
This surge…
More Releases for Electric
Electrical Isolators Market 2023: Mitsubishi Electric, Orient Electric, Schneide …
The Electrical Isolators Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry.
An electrical isolator is a material in which electric current does not flow freely. The atoms of the insulator have tightly bound electrons which cannot readily move. Other materials, semiconductors and conductors…
Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region.
Click…
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021
The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market…
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports.
This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities…
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research.
This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa…
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in…
