Global Traction Converter Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
Description
Market Overview
According to DIResearch＇s in-depth investigation and research, the global Traction Converter market size will reach 2,709.84 Million USD in 2025 and is projected to reach 3,387.50 Million USD by 2032, with a CAGR of 3.24% (2025-2032). Notably, the China Traction Converter market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
A traction converter is a crucial component in electric and hybrid electric vehicles that plays a key role in the powertrain system. It is responsible for converting electrical energy from the vehicle＇s energy storage system, typically a traction battery, into the required form to drive the electric motor. The traction converter is responsible for controlling the power flow, voltage, and frequency to ensure optimal performance and efficiency of the electric motor. In electric trains and some electric vehicles, the traction converter facilitates the transition between various power sources and ensures that the electric motor receives the appropriate power for acceleration, deceleration, and overall vehicle operation. The efficiency and effectiveness of a traction converter are critical factors in the performance and energy efficiency of electric and hybrid vehicles.
The major global manufacturers of Traction Converter include ABB, CRRC, Siemens, Ingeteam, Bombardier, Voith, Toshiba, CAF Power & Automation, Končar, Medha, Inovance, Cgglobal, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Traction Converter. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Traction Converter market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Traction Converter market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Traction Converter industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Traction Converter Include:
ABB
CRRC
Siemens
Ingeteam
Bombardier
Voith
Toshiba
CAF Power & Automation
Končar
Medha
Inovance
Cgglobal
Traction Converter Product Segment Include:
Propulsion Converter
Integrated Compact Converter
Traction Converter Product Application Include:
Diesel Locomotive
Electric Locomotive
EMU
Metro and DEMU
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Traction Converter Industry PESTEL Analysis
Chapter 3: Global Traction Converter Industry Porter's Five Forces Analysis
Chapter 4: Global Traction Converter Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Traction Converter Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Traction Converter Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Traction Converter Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
According to DIResearch＇s in-depth investigation and research, the global Traction Converter market size will reach 2,709.84 Million USD in 2025 and is projected to reach 3,387.50 Million USD by 2032, with a CAGR of 3.24% (2025-2032). Notably, the China Traction Converter market has changed rapidly in the past few years. By 2025, China＇s market size is expected to be Million USD, representing approximately % of the global market share.
Research Summary
A traction converter is a crucial component in electric and hybrid electric vehicles that plays a key role in the powertrain system. It is responsible for converting electrical energy from the vehicle＇s energy storage system, typically a traction battery, into the required form to drive the electric motor. The traction converter is responsible for controlling the power flow, voltage, and frequency to ensure optimal performance and efficiency of the electric motor. In electric trains and some electric vehicles, the traction converter facilitates the transition between various power sources and ensures that the electric motor receives the appropriate power for acceleration, deceleration, and overall vehicle operation. The efficiency and effectiveness of a traction converter are critical factors in the performance and energy efficiency of electric and hybrid vehicles.
The major global manufacturers of Traction Converter include ABB, CRRC, Siemens, Ingeteam, Bombardier, Voith, Toshiba, CAF Power & Automation, Končar, Medha, Inovance, Cgglobal, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Traction Converter. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Traction Converter market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Traction Converter market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Traction Converter industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Traction Converter Include:
ABB
CRRC
Siemens
Ingeteam
Bombardier
Voith
Toshiba
CAF Power & Automation
Končar
Medha
Inovance
Cgglobal
Traction Converter Product Segment Include:
Propulsion Converter
Integrated Compact Converter
Traction Converter Product Application Include:
Diesel Locomotive
Electric Locomotive
EMU
Metro and DEMU
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Traction Converter Industry PESTEL Analysis
Chapter 3: Global Traction Converter Industry Porter's Five Forces Analysis
Chapter 4: Global Traction Converter Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Traction Converter Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Traction Converter Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Traction Converter Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Table of Contents
165 Pages
- 1 Traction Converter Market Overview
- 1.1 Product Definition and Statistical Scope
- 1.2 Traction Converter Product by Type
- 1.2.1 Propulsion Converter
- 1.2.2 Integrated Compact Converter
- 1.3 Traction Converter Product by Application
- 1.3.1 Diesel Locomotive
- 1.3.2 Electric Locomotive
- 1.3.3 EMU
- 1.3.4 Metro and DEMU
- 1.4 Global Traction Converter Market Revenue and Sales Analysis
- 1.4.1 Global Traction Converter Revenue Market Size Analysis (2020-2032)
- 1.4.2 Global Traction Converter Sales Market Size Analysis (2020-2032)
- 1.4.3 Global Traction Converter Market Sales Price Trend Analysis (2020-2032)
- 1.5 Traction Converter Market Development Status and Trends
- 1.5.1 Traction Converter Industry Development Status Analysis
- 1.5.2 Traction Converter Industry Development Trends Analysis
- 2 Traction Converter Market PESTEL Analysis
- 2.1 Political Factors Analysis
- 2.2 Economic Factors Analysis
- 2.3 Social Factors Analysis
- 2.4 Technological Factors Analysis
- 2.5 Environmental Factors Analysis
- 2.6 Legal Factors Analysis
- 3 Traction Converter Market Porter's Five Forces Analysis
- 3.1 Competitive Rivalry
- 3.2 Threat of New Entrants
- 3.3 Bargaining Power of Suppliers
- 3.4 Bargaining Power of Buyers
- 3.5 Threat of Substitutes
- 4 Global Traction Converter Market Analysis by Country
- 4.1 Global Traction Converter Market Size Analysis by Country: 2024 VS 2025 VS 2032
- 4.1.1 Global Traction Converter Revenue and Market Share by Country (2020-2025)
- 4.1.2 Global Traction Converter Revenue and Market Share Forecast by Country (2026-2032)
- 4.2 Global Traction Converter Sales Analysis by Country: 2024 VS 2025 VS 2032
- 4.2.1 Global Traction Converter Sales and Market Share by Country (2020-2025)
- 4.2.2 Global Traction Converter Sales and Market Share Forecast by Country (2026-2032)
- 4.3 United States Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.4 Germany Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.5 Japan Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.6 China Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.7 France Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.8 U.K. Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.9 South Korea Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.10 Canada Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.11 Italy Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.12 Russia Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.13 Mexico Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.14 Brazil Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.15 India Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.16 Vietnam Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.17 Thailand Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 4.18 South Africa Traction Converter Market Sales, Revenue and Growth Rate (2020-2032)
- 5 Competition by Manufacturers
- 5.1 Global Traction Converter Market Sales, Revenue and Sales Price by Key Manufacturers (2021-2025)
- 5.1.1 Global Traction Converter Market Sales by Key Manufacturers (2021-2025)
- 5.1.2 Global Traction Converter Market Revenue by Key Manufacturers (2021-2025)
- 5.1.3 Global Traction Converter Average Sales Price by Manufacturers (2021-2025)
- 5.2 Traction Converter Competitive Landscape Analysis and Market Dynamic
- 5.2.1 Traction Converter Competitive Landscape Analysis
- 5.2.2 Global Key Manufacturers Headquarter and Key Area Sales
- 5.2.3 Market Dynamic
- 6 Traction Converter Market Analysis by Type
- 6.1 Global Traction Converter Market Revenue Analysis by Type
- 6.1.1 Global Traction Converter Market Size Analysis by Type: 2024 & 2025 & 2032
- 6.1.2 Global Traction Converter Revenue and Forecast Analysis by Type (2020-2032)
- 6.2 Global Traction Converter Sales and Forecast Analysis by Type (2020-2032)
- 6.3 Global Traction Converter Sales Price Trend Analysis by Type (2020-2032)
- 7 Key Companies Analysis
- 7.1 ABB
- 7.1.1 ABB Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.1.2 ABB Traction Converter Product Portfolio
- 7.1.3 ABB Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.2 CRRC
- 7.2.1 CRRC Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.2.2 CRRC Traction Converter Product Portfolio
- 7.2.3 CRRC Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.3 Siemens
- 7.3.1 Siemens Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.3.2 Siemens Traction Converter Product Portfolio
- 7.3.3 Siemens Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.4 Ingeteam
- 7.4.1 Ingeteam Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.4.2 Ingeteam Traction Converter Product Portfolio
- 7.4.3 Ingeteam Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.5 Bombardier
- 7.5.1 Bombardier Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.5.2 Bombardier Traction Converter Product Portfolio
- 7.5.3 Bombardier Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.6 Voith
- 7.6.1 Voith Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.6.2 Voith Traction Converter Product Portfolio
- 7.6.3 Voith Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.7 Toshiba
- 7.7.1 Toshiba Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.7.2 Toshiba Traction Converter Product Portfolio
- 7.7.3 Toshiba Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.8 CAF Power & Automation
- 7.8.1 CAF Power & Automation Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.8.2 CAF Power & Automation Traction Converter Product Portfolio
- 7.8.3 CAF Power & Automation Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.9 Končar
- 7.9.1 Končar Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.9.2 Končar Traction Converter Product Portfolio
- 7.9.3 Končar Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.10 Medha
- 7.10.1 Medha Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.10.2 Medha Traction Converter Product Portfolio
- 7.10.3 Medha Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Market Share) (2021-2025)
- 7.11 Inovance
- 7.11.1 Inovance Basic Company Profile (Employees, Areas Service, Competitors and Contact Information)
- 7.11.2 Inovance Traction Converter Product Portfolio
- 7.11.3 Inovance Traction Converter Market Data Analysis (Revenue, Sales, Price, Gross Margin and Ma
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
