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
Industry Research
Traction Converter Industry Research Report 2026
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.
Report Scope
Read the full market overview
This report quantifies the global Traction Converter market in revenue (US$ million) and, where applicable, sales volume (Unit), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/Unit) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Traction Converter.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Traction Converter Market 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
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Traction Converter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: Production/output, value of Traction Converter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: 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 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Traction Converter by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Propulsion Converter
- 2.2.3 Integrated Compact Converter
- 2.3 Traction Converter by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Diesel Locomotive
- 2.3.3 Electric Locomotive
- 2.3.4 EMU
- 2.3.5 Metro and DEMU
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Traction Converter Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Traction Converter Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Traction Converter Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Traction Converter Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Traction Converter Production by Manufacturers (2021-2026)
- 3.2 Global Traction Converter Production Value 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 Global Traction Converter Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 ABB
- 4.1.1 ABB Traction Converter Company Information
- 4.1.2 ABB Traction Converter Business Overview
- 4.1.3 ABB Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.1.4 ABB Product Portfolio
- 4.1.5 ABB Recent Developments
- 4.2 CRRC
- 4.2.1 CRRC Traction Converter Company Information
- 4.2.2 CRRC Traction Converter Business Overview
- 4.2.3 CRRC Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.2.4 CRRC Product Portfolio
- 4.2.5 CRRC Recent Developments
- 4.3 Siemens
- 4.3.1 Siemens Traction Converter Company Information
- 4.3.2 Siemens Traction Converter Business Overview
- 4.3.3 Siemens Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.3.4 Siemens Product Portfolio
- 4.3.5 Siemens Recent Developments
- 4.4 Ingeteam
- 4.4.1 Ingeteam Traction Converter Company Information
- 4.4.2 Ingeteam Traction Converter Business Overview
- 4.4.3 Ingeteam Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.4.4 Ingeteam Product Portfolio
- 4.4.5 Ingeteam Recent Developments
- 4.5 Bombardier
- 4.5.1 Bombardier Traction Converter Company Information
- 4.5.2 Bombardier Traction Converter Business Overview
- 4.5.3 Bombardier Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.5.4 Bombardier Product Portfolio
- 4.5.5 Bombardier Recent Developments
- 4.6 Voith
- 4.6.1 Voith Traction Converter Company Information
- 4.6.2 Voith Traction Converter Business Overview
- 4.6.3 Voith Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.6.4 Voith Product Portfolio
- 4.6.5 Voith Recent Developments
- 4.7 Toshiba
- 4.7.1 Toshiba Traction Converter Company Information
- 4.7.2 Toshiba Traction Converter Business Overview
- 4.7.3 Toshiba Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.7.4 Toshiba Product Portfolio
- 4.7.5 Toshiba Recent Developments
- 4.8 CAF Power & Automation
- 4.8.1 CAF Power & Automation Traction Converter Company Information
- 4.8.2 CAF Power & Automation Traction Converter Business Overview
- 4.8.3 CAF Power & Automation Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.8.4 CAF Power & Automation Product Portfolio
- 4.8.5 CAF Power & Automation Recent Developments
- 4.9 Končar
- 4.9.1 Končar Traction Converter Company Information
- 4.9.2 Končar Traction Converter Business Overview
- 4.9.3 Končar Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.9.4 Končar Product Portfolio
- 4.9.5 Končar Recent Developments
- 4.10 Medha
- 4.10.1 Medha Traction Converter Company Information
- 4.10.2 Medha Traction Converter Business Overview
- 4.10.3 Medha Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.10.4 Medha Product Portfolio
- 4.10.5 Medha Recent Developments
- 4.11 Inovance
- 4.11.1 Inovance Traction Converter Company Information
- 4.11.2 Inovance Traction Converter Business Overview
- 4.11.3 Inovance Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.11.4 Inovance Product Portfolio
- 4.11.5 Inovance Recent Developments
- 4.12 Cgglobal
- 4.12.1 Cgglobal Traction Converter Company Information
- 4.12.2 Cgglobal Traction Converter Business Overview
- 4.12.3 Cgglobal Traction Converter Production, Value and Gross Margin (2021-2026)
- 4.12.4 Cgglobal Product Portfolio
- 4.12.5 Cgglobal Recent Developments
5 Global Traction Converter Production by Region
- 5.1 Global Traction Converter Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Traction Converter Production by Region: 2021-2032
- 5.2.1 Global Traction Converter Production by Region: 2021-2026
- 5.2.2 Global Traction Converter Production Forecast by Region (2027-2032)
- 5.3 Global Traction Converter Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Traction Converter Production Value by Region: 2021-2032
- 5.4.1 Global Traction Converter Production Value by Region: 2021-2026
- 5.4.2 Global Traction Converter Production Value Forecast by Region (2027-2032)
- 5.5 Global Traction Converter Market Price Analysis by Region (2021-2026)
- 5.6 Global Traction Converter Production and Value, YOY Growth
- 5.6.1 North America Traction Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Traction Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Traction Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Traction Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea Traction Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.6 India Traction Converter Production Value Estimates and Forecasts (2021-2032)
6 Global Traction Converter Consumption by Region
- 6.1 Global Traction Converter Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Traction Converter Consumption by Region (2021-2032)
- 6.2.1 Global Traction Converter Consumption by Region: 2021-2026
- 6.2.2 Global Traction Converter Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Traction Converter Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Traction Converter Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Traction Converter Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Traction Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Traction Converter Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Traction Converter Production by Type (2021-2032)
- 7.1.1 Global Traction Converter Production by Type (2021-2032) & (Unit)
- 7.1.2 Global Traction Converter Production Market Share by Type (2021-2032)
- 7.2 Global Traction Converter Production Value by Type (2021-2032)
- 7.2.1 Global Traction Converter Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Traction Converter Production Value Market Share by Type (2021-2032)
- 7.3 Global Traction Converter Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Traction Converter Production by Application (2021-2032)
- 8.1.1 Global Traction Converter Production by Application (2021-2032) & (Unit)
- 8.1.2 Global Traction Converter Production Market Share by Application (2021-2032)
- 8.2 Global Traction Converter Production Value by Application (2021-2032)
- 8.2.1 Global Traction Converter Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Traction Converter Production Value Market Share by Application (2021-2032)
- 8.3 Global Traction Converter Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 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 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 Global Traction Converter Analyzing Market Dynamics
- 10.1 Traction Converter Industry Trends
- 10.2 Traction Converter Industry Drivers
- 10.3 Traction Converter Industry Opportunities and Challenges
- 10.4 Traction Converter Industry Restraints
11 Report Conclusion
12 Disclaimer
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