Electrified Railways Traction Transformer Sales

Electrified Railways Traction Transformer Sales Market Outlook

The global Electrified Railways Traction Transformer market is projected to reach approximately USD 3.5 billion by 2035, with a robust compound annual growth rate (CAGR) of around 6.2% during the forecast period from 2025 to 2035. This growth is primarily driven by the increasing demand for efficient and sustainable transportation solutions worldwide, with governments investing heavily in electrification projects to improve rail infrastructure. The need for enhanced safety, reduced operational costs, and lower carbon footprints is urging stakeholders to adopt advanced technologies in traction transformers. Additionally, the growth of high-speed trains and urban transit systems is contributing to the burgeoning market demand, ensuring that electrified railways remain a priority in global transportation planning. Furthermore, the evolving technological landscape in power electronics and energy efficiency plays a crucial role in propelling market growth.

Growth Factor of the Market

The Electrified Railways Traction Transformer market is experiencing significant growth due to various factors. A major driving force is the global shift toward sustainable transportation solutions that aim to minimize environmental impact. As urbanization continues to rise, cities are focusing on improving their public transport systems, leading to increased investments in electrified railways. Additionally, advancements in rail technology, such as the development of high-speed and urban transit trains, necessitate high-performance traction transformers for efficient operation. Moreover, government initiatives and policies promoting electrification are spurring the adoption of traction transformers in regions with aging infrastructure. The growing focus on energy efficiency and the reduction of greenhouse gas emissions further enhances the demand for traction transformers, as they facilitate cleaner energy use in rail systems.

Key Highlights of the Market

• The market is expected to reach USD 3.5 billion by 2035, with a CAGR of 6.2% from 2025 to 2035.
• Increasing investments in electrified rail infrastructure are driving market growth.
• High-speed trains and urban transit systems are key application areas for traction transformers.
• The shift toward energy-efficient technologies is influencing the design and functionality of traction transformers.
• Government initiatives promoting electrification are significantly impacting market dynamics.

By Product Type

AC Traction Transformer:

AC Traction Transformers are a fundamental component in the electrified railway systems, converting high voltage alternating current (AC) into the desired lower voltage suitable for train propulsion. These transformers are integral to ensuring that trains operate efficiently, delivering constant and reliable power supply for various speeds and conditions. Their design typically accommodates a range of operational voltages, providing flexibility in application. The increasing adoption of high-speed trains and the growing need for electrified rail systems globally have amplified the demand for AC Traction Transformers, as they are capable of handling significant power loads while maintaining energy efficiency and reliability. Additionally, innovations in design and materials are enhancing the performance and lifespan of these transformers, making them a preferred choice among rail operators.

DC Traction Transformer:

DC Traction Transformers are specifically designed for rail networks that utilize direct current for train propulsion. These transformers play a vital role in converting high voltage DC into usable levels for traction systems, enabling efficient operation of electric trains, particularly in metro and light rail systems. The demand for DC Traction Transformers is closely tied to the expansion of urban rail networks, where the need for quick and efficient transportation solutions is paramount. As cities continue to grow, the push for cleaner and more efficient public transit options is likely to lead to increased installations of DC Traction Transformers. Additionally, advances in technology are improving the efficiency and reliability of these transformers, making them an attractive solution for rail operators looking to enhance operational performance.

Dual Voltage Traction Transformer:

Dual Voltage Traction Transformers cater to rail systems that require versatility in power supply, allowing trains to operate on both AC and DC systems. This flexibility is particularly beneficial in regions where rail lines transition between different electrification methods, ensuring seamless service without the need for extensive infrastructure changes. The growing trend of interoperability in rail transportation is driving the demand for Dual Voltage Traction Transformers, as operators aim to streamline operations and enhance efficiency. These transformers are engineered to manage the complexities of dual power systems effectively, providing reliable power regardless of the voltage configuration. As rail technologies evolve and expand, the importance of dual voltage solutions will likely continue to rise, further embedding these transformers into modern rail infrastructure.

Multi-Tap Traction Transformer:

Multi-Tap Traction Transformers are designed to provide multiple output voltage levels, allowing for greater flexibility in railway electrification. This type of transformer is particularly advantageous in applications that require varying voltage levels for different operational conditions or train types. The ability to adjust output voltage enhances the efficiency and performance of electric trains, accommodating diverse operational demands across various rail networks. With the growing emphasis on energy management and optimization in rail systems, Multi-Tap Traction Transformers are becoming increasingly popular among rail operators. Furthermore, the ongoing modernization of rail infrastructure is expected to bolster the demand for multi-tap solutions, ensuring that trains can adapt to changing requirements while maintaining high performance and reliability.

High Power Traction Transformer:

High Power Traction Transformers are essential for high-speed and heavy freight trains, providing the robust power required for their operation. These transformers are specifically engineered to handle large loads and ensure stable power delivery across extensive rail networks. As the demand for faster and more efficient trains continues to grow, the need for High Power Traction Transformers has risen significantly. They facilitate the safe operation of trains at higher speeds while minimizing energy losses during transmission. Furthermore, advancements in materials and cooling technologies are leading to improved performance and durability of high power transformers, making them a vital component in modern rail systems. The ongoing developments in rail technology and infrastructure expansion are expected to drive further growth in this segment, with high power transformers playing a critical role in future railway systems.

By Application

Passenger Trains:

Passenger trains are one of the primary applications of Electrified Railways Traction Transformers, as they require reliable and efficient power to ensure safe and timely transportation of commuters. The demand for passenger trains is on the rise, particularly in urban areas where public transportation is increasingly favored over personal vehicles. Electrified passenger trains offer numerous advantages, including reduced emissions, lower noise levels, and enhanced energy efficiency. The growing trend toward sustainable transportation options is pushing rail operators to invest in advanced traction transformers that can support high-frequency services and heavy passenger loads. Consequently, the market for traction transformers in passenger train applications is expected to see substantial growth as cities expand their public transport networks and seek to modernize existing infrastructure.

High-Speed Trains:

High-speed trains represent a significant segment in the electrified railways market, requiring specialized traction transformers to manage the unique demands of rapid transit systems. These trains operate at much higher speeds compared to conventional passenger trains, necessitating advanced transformer technology to ensure optimum power delivery and efficiency. The increasing global focus on high-speed rail networks as a key component of modern transport infrastructure is driving the demand for traction transformers designed specifically for this application. High-speed train systems offer numerous benefits, including reduced travel time and increased capacity, making them a preferred choice for intercity travel. Furthermore, as countries continue to invest in high-speed rail initiatives, the market for high-speed train traction transformers is poised for significant growth.

Freight Trains:

Freight trains are another critical application for Electrified Railways Traction Transformers, as they transport goods and materials across vast distances efficiently. The electrification of freight railways improves operational efficiency and lowers emissions compared to diesel-powered alternatives. Traction transformers in this segment are designed to withstand the higher power demands associated with heavy freight movements, ensuring reliability even under challenging operational conditions. Additionally, the growing emphasis on sustainability and the reduction of carbon footprints is prompting rail operators to shift towards electrified solutions for freight transportation. As global trade continues to expand, the market for traction transformers in freight train applications is expected to grow in tandem, providing vital support for the logistics and transportation industry.

Light Rail/Trams:

Light rail and tram systems represent a burgeoning segment within the electrified railways market, as many cities seek to enhance urban mobility with efficient public transportation options. These systems require traction transformers that can deliver reliable power for shorter distances and frequent stops, accommodating the unique operational needs of light rail vehicles. The growing interest in sustainable urban transit solutions is driving the expansion of light rail and tram networks worldwide, which in turn fuels the demand for specialized traction transformers. Moreover, advancements in technology and innovation in transformer design are resulting in enhanced performance, allowing light rail systems to operate more efficiently and effectively. The increasing urbanization trend is likely to continue propelling the growth of this segment, as cities invest heavily in electrified rail options to alleviate congestion and reduce emissions.

Subways/Metros:

Subway and metro systems are crucial components of urban transportation infrastructure, providing rapid transit options to millions of commuters daily. Electrified traction transformers are essential for maintaining the high levels of power required to operate these systems efficiently. The increasing urban population and the resulting demand for efficient public transport are driving investments in new subway lines and the modernization of existing metro systems. As cities prioritize reducing traffic congestion and enhancing sustainability, the electrification of subway systems is becoming a major focus. The demand for traction transformers in this application is anticipated to grow, driven by advancements in technology that improve energy efficiency and system reliability, thereby ensuring that subways can accommodate the increasing ridership while minimizing operational costs.

By Distribution Channel

OEMs:

Original Equipment Manufacturers (OEMs) play a vital role in the distribution of Electrified Railways Traction Transformers, as they are responsible for manufacturing and supplying these essential components directly to rail operators and infrastructure developers. The relationship between OEMs and rail operators is crucial, as it ensures that the traction transformers meet specific requirements and standards necessary for various applications. With the increasing demand for electrified railway systems, OEMs are under pressure to innovate and provide high-quality transformers that enhance performance and efficiency. Additionally, OEMs often engage in research and development to improve the technological aspects of traction transformers, ensuring that their products remain competitive in an evolving market. As the electrification of railways accelerates globally, OEMs are positioned for significant growth in this segment.

Aftermarket:

The aftermarket segment for Electrified Railways Traction Transformers encompasses the repair, refurbishment, and maintenance services provided to existing systems. As rail infrastructure ages, there is a growing need for reliable aftermarket services to extend the lifespan and performance of traction transformers. This segment plays a critical role in ensuring operational continuity and safety in rail systems. Operators are increasingly recognizing the importance of regular maintenance and upgrades to their existing transformers, which not only enhance performance but also improve overall energy efficiency. The aftermarket market is poised for growth as rail operators seek to maximize their investments and ensure that their electrified infrastructure remains efficient and reliable amidst rising operational demands. Furthermore, the ongoing trend toward sustainability is driving interest in refurbishing transformers rather than replacing them entirely, contributing to the growth of this segment.

By Voltage Level

Less than 1 kV:

Traction transformers with a voltage level of less than 1 kV are typically used in low-power applications, such as light rail and tram systems. These transformers are designed to convert high voltage to a safe and usable level for electric vehicles operating on lower voltage networks. Their compact size and efficiency make them ideal for urban transit applications, where space and weight considerations are paramount. The demand for low-voltage traction transformers is expected to grow as cities expand their light rail networks and seek cost-effective solutions that maintain performance while adhering to safety standards. Additionally, as urban areas continue to prioritize public transportation, the need for electrified light rail systems will further bolster the market for transformers operating below 1 kV.

1 kV - 15 kV:

Traction transformers in the 1 kV to 15 kV range are commonly used in a variety of electrified rail applications, including passenger and freight trains. This voltage level strikes a balance between performance and safety, allowing for higher power levels while maintaining operational integrity and compliance with industry standards. As the demand for faster and more efficient rail systems increases, the need for transformers operating within this voltage range is also expected to rise. These transformers are designed for robust performance under various operational conditions, making them suitable for diverse rail environments. The ongoing expansion of electrified rail networks and the modernization of existing systems will continue to drive the growth of traction transformers in the 1 kV to 15 kV segment.

Above 15 kV:

Transformers operating above 15 kV are essential for high-speed and heavy freight trains that require substantial power delivery for efficient operation. This voltage level is crucial in high-speed rail systems, where trains must quickly accelerate and maintain high speeds over long distances. The demand for high-power traction transformers is expected to grow significantly as countries invest in high-speed rail initiatives and seek to enhance the efficiency of freight transportation. These transformers are engineered to handle large loads and ensure stable power delivery across extensive rail networks, contributing to the overall reliability and performance of electric trains. Furthermore, advancements in transformer technology are leading to improved efficiency and reduced energy losses, making them a preferred choice for modern rail systems that prioritize performance and sustainability.

By Region

In the North American market, the Electrified Railways Traction Transformer sector is expected to witness steady growth, driven by ongoing investments in rail infrastructure and electrification projects. The region has a well-established rail network, with significant upgrades being made to accommodate high-speed and urban transit systems. As per recent estimates, North America is projected to account for approximately 25% of the global market share by 2035, with a CAGR of around 5.8%. This growth will be further fueled by government initiatives aimed at reducing greenhouse gas emissions and promoting sustainable transportation, leading to a greater demand for efficient traction transformers in both passenger and freight applications.

Meanwhile, the European market is anticipated to remain a leader in the Electrified Railways Traction Transformer market, accounting for nearly 40% of the global market share. The region has seen substantial investments in high-speed rail networks and urban transit systems, with countries like France and Germany leading the charge. The European region is expected to experience a CAGR of 6.5% over the forecast period due to the increasing focus on sustainability and energy-efficient solutions. This growth is further supported by the European Union's commitment to promoting electrification initiatives across member states, making the market highly competitive as companies innovate to meet the evolving demands of rail operators.

Opportunities

The Electrified Railways Traction Transformer market is ripe with opportunities, especially as global investments in rail infrastructure continue to grow. One major opportunity lies in the expanding high-speed rail networks across various countries, particularly in Asia and Europe. Governments are increasingly recognizing the importance of high-speed rail as a sustainable transportation solution, leading to significant funding and development projects. As new rail lines are constructed, the demand for advanced traction transformers will surge, offering manufacturers and suppliers a lucrative market. Additionally, the increasing emphasis on retrofitting existing rail systems with electrification capabilities presents another opportunity for growth, as operators seek to modernize their fleets and improve energy efficiency. Innovations in transformer technology, such as enhanced lightweight materials and sustainable manufacturing processes, can also provide a competitive edge for companies looking to capture market share.

Moreover, the growing trend toward urbanization is driving investments in public transportation solutions, including light rail and tram systems. As cities expand their electrified transit networks, the requirement for efficient traction transformers will become even more pronounced. Companies that can offer tailored solutions for specific urban environments, accommodating unique operational needs, will likely thrive in this burgeoning market. Furthermore, advancements in energy storage technologies, such as battery systems integrated with traction transformers, pose another opportunity for companies to innovate and provide comprehensive solutions for rail operators. By focusing on energy efficiency and sustainability, stakeholders can position themselves favorably in a market that is increasingly looking for greener alternatives in transportation.

Threats

Despite the promising growth prospects in the Electrified Railways Traction Transformer market, manufacturers and suppliers face several potential threats. One of the primary challenges is the rapidly evolving technological landscape, which requires constant innovation and adaptation to stay competitive. Companies that fail to keep up with advancements in transformer technology risk losing market share to more agile and innovative competitors. Additionally, fluctuations in raw material prices can impact production costs and profitability, creating uncertainty for manufacturers. The increasing focus on sustainability and environmental regulations may also pressure companies to invest in cleaner technologies, which could entail significant capital expenditures. These factors combine to create a challenging competitive environment where only the most proactive and innovative firms can thrive.

Another significant threat is the potential for economic downturns, which can lead to reduced investment in transportation infrastructure. If funding for rail projects diminishes, it could have a cascading effect on the demand for traction transformers, impacting sales and revenue for manufacturers and suppliers. Moreover, global supply chain disruptions, as highlighted during recent events such as the COVID-19 pandemic, can hinder production capabilities and delay project timelines. The reliance on global suppliers for components and materials means that any disruption can lead to increased costs and reduced agility in responding to market demands. Therefore, stakeholders in the Electrified Railways Traction Transformer market must remain vigilant and adaptable in the face of these threats.

Competitor Outlook

• Siemens AG
• General Electric Company
• Schneider Electric SE
• Hitachi, Ltd.
• ABB Ltd.
• Alstom SA
• Bombardier Inc.
• Wabtec Corporation
• Thales Group
• Mitsubishi Electric Corporation
• Hyundai Rotem Company
• Tractive Systems GmbH
• Siemens Mobility
• Schneider Electric Infrastructure Limited
• Transformers and Rectifiers (India) Ltd.

The competitive landscape of the Electrified Railways Traction Transformer market is characterized by a mix of established players and emerging innovators. Major companies, such as Siemens AG and ABB Ltd., dominate the market by leveraging their extensive experience, strong brand recognition, and comprehensive product portfolios. These industry leaders invest heavily in research and development to introduce cutting-edge technologies and enhance the performance of their traction transformers. Their global presence allows them to capture significant market share across diverse regions, catering to the varying demands of rail operators. Additionally, these companies often engage in strategic partnerships and collaborations to expand their offerings and improve service delivery, further solidifying their competitive positions.

Emerging players in the Electrified Railways Traction Transformer market are also making their mark by focusing on niche segments and innovative solutions. Companies such as Tractive Systems GmbH and Transformers and Rectifiers (India) Ltd. are capitalizing on the increasing demand for energy-efficient and sustainable transformer solutions. By emphasizing advanced technology and customer-centric approaches, these firms are positioning themselves to compete with larger players. Additionally, the ongoing trend toward localization and regional manufacturing is providing opportunities for smaller companies to enter the market by offering tailored solutions that meet specific regional requirements. Overall, the competitive landscape is dynamic, with both established giants and nimble newcomers shaping the future of the Electrified Railways Traction Transformer market.

Key players like General Electric Company and Alstom SA are also crucial players in this market, known for their extensive portfolios and innovative technologies. General Electric, with its rich heritage in electrical engineering, is leveraging its capabilities to provide advanced traction transformer solutions that cater to both passenger and freight applications. The company is focused on developing energy-efficient transformers that meet increasing regulatory standards while ensuring optimal performance. Meanwhile, Alstom SA is dedicated to providing sustainable transport solutions and actively invests in research and development to improve the efficiency and reliability of its traction transformers. Together, these firms significantly impact the market, driving advancements and ensuring that the electrified railways continue to evolve in response to changing demands.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 ABB Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Alstom SA
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Siemens AG
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Thales Group
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Hitachi, Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Bombardier Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Siemens Mobility
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Wabtec Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Hyundai Rotem Company
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Schneider Electric SE
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Tractive Systems GmbH
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 General Electric Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mitsubishi Electric Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Transformers and Rectifiers (India) Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Schneider Electric Infrastructure Limited
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Electrified Railways Traction Transformer Sales Market, By Application
    • 6.1.1 Passenger Trains
    • 6.1.2 High-Speed Trains
    • 6.1.3 Freight Trains
    • 6.1.4 Light Rail/Trams
    • 6.1.5 Subways/Metros
  • 6.2 Electrified Railways Traction Transformer Sales Market, By Product Type
    • 6.2.1 AC Traction Transformer
    • 6.2.2 DC Traction Transformer
    • 6.2.3 Dual Voltage Traction Transformer
    • 6.2.4 Multi-Tap Traction Transformer
    • 6.2.5 High Power Traction Transformer
  • 6.3 Electrified Railways Traction Transformer Sales Market, By Voltage Level
    • 6.3.1 Less than 1 kV
    • 6.3.2 1 kV - 15 kV
    • 6.3.3 Above 15 kV

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Electrified Railways Traction Transformer Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Electrified Railways Traction Transformer Sales market is categorized based on

By Product Type

• AC Traction Transformer
• DC Traction Transformer
• Dual Voltage Traction Transformer
• Multi-Tap Traction Transformer
• High Power Traction Transformer

By Application

• Passenger Trains
• High-Speed Trains
• Freight Trains
• Light Rail/Trams
• Subways/Metros

By Voltage Level

• Less than 1 kV
• 1 kV - 15 kV
• Above 15 kV

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Siemens AG
• General Electric Company
• Schneider Electric SE
• Hitachi, Ltd.
• ABB Ltd.
• Alstom SA
• Bombardier Inc.
• Wabtec Corporation
• Thales Group
• Mitsubishi Electric Corporation
• Hyundai Rotem Company
• Tractive Systems GmbH
• Siemens Mobility
• Schneider Electric Infrastructure Limited
• Transformers and Rectifiers (India) Ltd.