APO RESEARCH · REPORT
Traction Converter
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.
Product & engineering
Understand the product.
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.
Selected research
Market Structure
Global Traction Converter Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
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.
The report provides an overview of the global Traction Converter market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
Read the full market overview
The study covers key producers of Traction Converter and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Traction Converter sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Traction Converter market size, projected growth trends, production technologies, key applications, and end-use industries.
Traction Converter Segment by Company
ABB
CRRC
Siemens
Ingeteam
Bombardier
Voith
Toshiba
CAF Power & Automation
Končar
Medha
Inovance
Cgglobal
Traction Converter Segment by Type
Propulsion Converter
Integrated Compact Converter
Traction Converter Segment by Application
Diesel Locomotive
Electric Locomotive
EMU
Metro and DEMU
Traction Converter Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Traction Converter market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Traction Converter and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Traction Converter.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Traction Converter market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Traction Converter industry.
Chapter 3: Detailed analysis of Traction Converter market competition landscape. Including Traction Converter manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Traction Converter by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Traction Converter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Propulsion Converter
- Integrated Compact Converter
Applications
- Diesel Locomotive
- Electric Locomotive
- EMU
- Metro and DEMU
Companies covered
- ABB
- CRRC
- Siemens
- Ingeteam
- Bombardier
- Voith
- Toshiba
- CAF Power & Automation
- Končar
- Medha
- Inovance
- Cgglobal
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Traction Converter Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Traction Converter Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Traction Converter Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Traction Converter Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Traction Converter Market Dynamics
- 2.1 Traction Converter Industry Trends
- 2.2 Traction Converter Industry Drivers
- 2.3 Traction Converter Industry Opportunities and Challenges
- 2.4 Traction Converter Industry Restraints
3 Traction Converter Market by Manufacturers
- 3.1 Global Traction Converter Production Value by Manufacturers (2021-2026)
- 3.2 Global Traction Converter Production by Manufacturers (2021-2026)
- 3.3 Global Traction Converter Average Price by Manufacturers (2021-2026)
- 3.4 Global Traction Converter Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Traction Converter Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Traction Converter Manufacturers, Product Type & Application
- 3.7 Global Traction Converter Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Traction Converter Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Traction Converter Players Market Share by Production Value in 2025
- 3.8.3 2025 Traction Converter Tier 1, Tier 2, and Tier 3
4 Traction Converter Market by Type
- 4.1 Traction Converter Type Introduction
- 4.1.1 Propulsion Converter
- 4.1.2 Integrated Compact Converter
- 4.2 Global Traction Converter Production by Type
- 4.2.1 Global Traction Converter Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Traction Converter Production by Type (2021-2032)
- 4.2.3 Global Traction Converter Production Market Share by Type (2021-2032)
- 4.3 Global Traction Converter Production Value by Type
- 4.3.1 Global Traction Converter Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Traction Converter Production Value by Type (2021-2032)
- 4.3.3 Global Traction Converter Production Value Market Share by Type (2021-2032)
5 Traction Converter Market by Application
- 5.1 Traction Converter Application Introduction
- 5.1.1 Diesel Locomotive
- 5.1.2 Electric Locomotive
- 5.1.3 EMU
- 5.1.4 Metro and DEMU
- 5.2 Global Traction Converter Production by Application
- 5.2.1 Global Traction Converter Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Traction Converter Production by Application (2021-2032)
- 5.2.3 Global Traction Converter Production Market Share by Application (2021-2032)
- 5.3 Global Traction Converter Production Value by Application
- 5.3.1 Global Traction Converter Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Traction Converter Production Value by Application (2021-2032)
- 5.3.3 Global Traction Converter Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 ABB
- 6.1.1 ABB Company Information
- 6.1.2 ABB Business Overview
- 6.1.3 ABB Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.1.4 ABB Traction Converter Product Portfolio
- 6.1.5 ABB Recent Developments
- 6.2 CRRC
- 6.2.1 CRRC Company Information
- 6.2.2 CRRC Business Overview
- 6.2.3 CRRC Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.2.4 CRRC Traction Converter Product Portfolio
- 6.2.5 CRRC Recent Developments
- 6.3 Siemens
- 6.3.1 Siemens Company Information
- 6.3.2 Siemens Business Overview
- 6.3.3 Siemens Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.3.4 Siemens Traction Converter Product Portfolio
- 6.3.5 Siemens Recent Developments
- 6.4 Ingeteam
- 6.4.1 Ingeteam Company Information
- 6.4.2 Ingeteam Business Overview
- 6.4.3 Ingeteam Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.4.4 Ingeteam Traction Converter Product Portfolio
- 6.4.5 Ingeteam Recent Developments
- 6.5 Bombardier
- 6.5.1 Bombardier Company Information
- 6.5.2 Bombardier Business Overview
- 6.5.3 Bombardier Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.5.4 Bombardier Traction Converter Product Portfolio
- 6.5.5 Bombardier Recent Developments
- 6.6 Voith
- 6.6.1 Voith Company Information
- 6.6.2 Voith Business Overview
- 6.6.3 Voith Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.6.4 Voith Traction Converter Product Portfolio
- 6.6.5 Voith Recent Developments
- 6.7 Toshiba
- 6.7.1 Toshiba Company Information
- 6.7.2 Toshiba Business Overview
- 6.7.3 Toshiba Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.7.4 Toshiba Traction Converter Product Portfolio
- 6.7.5 Toshiba Recent Developments
- 6.8 CAF Power & Automation
- 6.8.1 CAF Power & Automation Company Information
- 6.8.2 CAF Power & Automation Business Overview
- 6.8.3 CAF Power & Automation Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.8.4 CAF Power & Automation Traction Converter Product Portfolio
- 6.8.5 CAF Power & Automation Recent Developments
- 6.9 Končar
- 6.9.1 Končar Company Information
- 6.9.2 Končar Business Overview
- 6.9.3 Končar Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.9.4 Končar Traction Converter Product Portfolio
- 6.9.5 Končar Recent Developments
- 6.10 Medha
- 6.10.1 Medha Company Information
- 6.10.2 Medha Business Overview
- 6.10.3 Medha Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.10.4 Medha Traction Converter Product Portfolio
- 6.10.5 Medha Recent Developments
- 6.11 Inovance
- 6.11.1 Inovance Company Information
- 6.11.2 Inovance Business Overview
- 6.11.3 Inovance Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.11.4 Inovance Traction Converter Product Portfolio
- 6.11.5 Inovance Recent Developments
- 6.12 Cgglobal
- 6.12.1 Cgglobal Company Information
- 6.12.2 Cgglobal Business Overview
- 6.12.3 Cgglobal Traction Converter Production, Value and Gross Margin (2021-2026)
- 6.12.4 Cgglobal Traction Converter Product Portfolio
- 6.12.5 Cgglobal Recent Developments
7 Global Traction Converter Production by Region
- 7.1 Global Traction Converter Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Traction Converter Production by Region (2021-2032)
- 7.2.1 Global Traction Converter Production by Region (2021-2026)
- 7.2.2 Global Traction Converter Production Forecast by Region (2027-2032)
- 7.3 Global Traction Converter Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Traction Converter Production Value by Region (2021-2032)
- 7.4.1 Global Traction Converter Production Value by Region (2021-2026)
- 7.4.2 Global Traction Converter Production Value by Region (2027-2032)
- 7.5 Global Traction Converter Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Traction Converter Production Value (2021-2032)
- 7.6.2 Europe Traction Converter Production Value (2021-2032)
- 7.6.3 Asia-Pacific Traction Converter Production Value (2021-2032)
- 7.6.4 South America Traction Converter Production Value (2021-2032)
- 7.6.5 Middle East & Africa Traction Converter Production Value (2021-2032)
8 Global Traction Converter Consumption by Region
- 8.1 Global Traction Converter Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Traction Converter Consumption by Region (2021-2032)
- 8.2.1 Global Traction Converter Consumption by Region (2021-2026)
- 8.2.2 Global Traction Converter Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Traction Converter Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Traction Converter Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Traction Converter Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Traction Converter Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Traction Converter Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Traction Converter Value Chain Analysis
- 9.1.1 Traction Converter Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Traction Converter Production Mode & Process
- 9.2 Traction Converter Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Traction Converter Distributors
- 9.2.3 Traction Converter Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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