Global Traction Substation Market Research Report 2023

Traction Substation Market

A traction substation, traction current converter plant or traction power substation (TPSS) is an electrical substation that converts electric power from the form provided by the electrical power industry for public utility service to an appropriate voltage, current type and frequency to supply railways, trams (streetcars) or trolleybuses with traction current.

The global Traction Substation market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

North American market for Traction Substation is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

Asia-Pacific market for Traction Substation is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The global market for Traction Substation in Railway is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.

The key global companies of Traction Substation include ABB, SIEMENS, Alstom, MITSUBISHI ELECTRIC, SETRANS HOLDING, Wolong Electric, Tianwei Group, Sunten Electric and TBEA, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Traction Substation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Traction Substation.

The Traction Substation market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Traction Substation market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Traction Substation companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Scope of Traction Substation Market Report

Core Chapters

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Traction Substation Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 DC Traction Substation

1.2.3 AC traction substation

1.3 Market by Application

1.3.1 Global Traction Substation Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Railway

1.3.3 Urban Rail Transit

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global Traction Substation Market Perspective (2018-2029)

2.2 Traction Substation Growth Trends by Region

2.2.1 Global Traction Substation Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Traction Substation Historic Market Size by Region (2018-2023)

2.2.3 Traction Substation Forecasted Market Size by Region (2024-2029)

2.3 Traction Substation Market Dynamics

2.3.1 Traction Substation Industry Trends

2.3.2 Traction Substation Market Drivers

2.3.3 Traction Substation Market Challenges

2.3.4 Traction Substation Market Restraints

3.1 Global Top Traction Substation Players by Revenue

3.1.1 Global Top Traction Substation Players by Revenue (2018-2023)

3.1.2 Global Traction Substation Revenue Market Share by Players (2018-2023)

3.2 Global Traction Substation Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Traction Substation Revenue

3.4 Global Traction Substation Market Concentration Ratio

3.4.1 Global Traction Substation Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Traction Substation Revenue in 2022

3.5 Traction Substation Key Players Head office and Area Served

3.6 Key Players Traction Substation Product Solution and Service

3.7 Date of Enter into Traction Substation Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global Traction Substation Historic Market Size by Type (2018-2023)

4.2 Global Traction Substation Forecasted Market Size by Type (2024-2029)

5.1 Global Traction Substation Historic Market Size by Application (2018-2023)

5.2 Global Traction Substation Forecasted Market Size by Application (2024-2029)

6.1 North America Traction Substation Market Size (2018-2029)

6.2 North America Traction Substation Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Traction Substation Market Size by Country (2018-2023)

6.4 North America Traction Substation Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe Traction Substation Market Size (2018-2029)

7.2 Europe Traction Substation Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Traction Substation Market Size by Country (2018-2023)

7.4 Europe Traction Substation Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific Traction Substation Market Size (2018-2029)

8.2 Asia-Pacific Traction Substation Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Traction Substation Market Size by Region (2018-2023)

8.4 Asia-Pacific Traction Substation Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America Traction Substation Market Size (2018-2029)

9.2 Latin America Traction Substation Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Traction Substation Market Size by Country (2018-2023)

9.4 Latin America Traction Substation Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa Traction Substation Market Size (2018-2029)

10.2 Middle East & Africa Traction Substation Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Traction Substation Market Size by Country (2018-2023)

10.4 Middle East & Africa Traction Substation Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 ABB

11.1.1 ABB Company Detail

11.1.2 ABB Business Overview

11.1.3 ABB Traction Substation Introduction

11.1.4 ABB Revenue in Traction Substation Business (2018-2023)

11.1.5 ABB Recent Development

11.2 SIEMENS

11.2.1 SIEMENS Company Detail

11.2.2 SIEMENS Business Overview

11.2.3 SIEMENS Traction Substation Introduction

11.2.4 SIEMENS Revenue in Traction Substation Business (2018-2023)

11.2.5 SIEMENS Recent Development

11.3 Alstom

11.3.1 Alstom Company Detail

11.3.2 Alstom Business Overview

11.3.3 Alstom Traction Substation Introduction

11.3.4 Alstom Revenue in Traction Substation Business (2018-2023)

11.3.5 Alstom Recent Development

11.4 MITSUBISHI ELECTRIC

11.4.1 MITSUBISHI ELECTRIC Company Detail

11.4.2 MITSUBISHI ELECTRIC Business Overview

11.4.3 MITSUBISHI ELECTRIC Traction Substation Introduction

11.4.4 MITSUBISHI ELECTRIC Revenue in Traction Substation Business (2018-2023)

11.4.5 MITSUBISHI ELECTRIC Recent Development

11.5 SETRANS HOLDING

11.5.1 SETRANS HOLDING Company Detail

11.5.2 SETRANS HOLDING Business Overview

11.5.3 SETRANS HOLDING Traction Substation Introduction

11.5.4 SETRANS HOLDING Revenue in Traction Substation Business (2018-2023)

11.5.5 SETRANS HOLDING Recent Development

11.6 Wolong Electric

11.6.1 Wolong Electric Company Detail

11.6.2 Wolong Electric Business Overview

11.6.3 Wolong Electric Traction Substation Introduction

11.6.4 Wolong Electric Revenue in Traction Substation Business (2018-2023)

11.6.5 Wolong Electric Recent Development

11.7 Tianwei Group

11.7.1 Tianwei Group Company Detail

11.7.2 Tianwei Group Business Overview

11.7.3 Tianwei Group Traction Substation Introduction

11.7.4 Tianwei Group Revenue in Traction Substation Business (2018-2023)

11.7.5 Tianwei Group Recent Development

11.8 Sunten Electric

11.8.1 Sunten Electric Company Detail

11.8.2 Sunten Electric Business Overview

11.8.3 Sunten Electric Traction Substation Introduction

11.8.4 Sunten Electric Revenue in Traction Substation Business (2018-2023)

11.8.5 Sunten Electric Recent Development

11.9 TBEA

11.9.1 TBEA Company Detail

11.9.2 TBEA Business Overview

11.9.3 TBEA Traction Substation Introduction

11.9.4 TBEA Revenue in Traction Substation Business (2018-2023)

11.9.5 TBEA Recent Development

11.10 China XD Group

11.10.1 China XD Group Company Detail

11.10.2 China XD Group Business Overview

11.10.3 China XD Group Traction Substation Introduction

11.10.4 China XD Group Revenue in Traction Substation Business (2018-2023)

11.10.5 China XD Group Recent Development

11.11 Sunlight Electric

11.11.1 Sunlight Electric Company Detail

11.11.2 Sunlight Electric Business Overview

11.11.3 Sunlight Electric Traction Substation Introduction

11.11.4 Sunlight Electric Revenue in Traction Substation Business (2018-2023)

11.11.5 Sunlight Electric Recent Development

11.12 Dachi Electric

11.12.1 Dachi Electric Company Detail

11.12.2 Dachi Electric Business Overview

11.12.3 Dachi Electric Traction Substation Introduction

11.12.4 Dachi Electric Revenue in Traction Substation Business (2018-2023)

11.12.5 Dachi Electric Recent Development

11.13 Luneng Mount.Tai Electric

11.13.1 Luneng Mount.Tai Electric Company Detail

11.13.2 Luneng Mount.Tai Electric Business Overview

11.13.3 Luneng Mount.Tai Electric Traction Substation Introduction

11.13.4 Luneng Mount.Tai Electric Revenue in Traction Substation Business (2018-2023)

11.13.5 Luneng Mount.Tai Electric Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global Traction Substation Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of DC Traction Substation

    Table 3. Key Players of AC traction substation

    Table 4. Global Traction Substation Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global Traction Substation Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global Traction Substation Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global Traction Substation Market Share by Region (2018-2023)

    Table 8. Global Traction Substation Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global Traction Substation Market Share by Region (2024-2029)

    Table 10. Traction Substation Market Trends

    Table 11. Traction Substation Market Drivers

    Table 12. Traction Substation Market Challenges

    Table 13. Traction Substation Market Restraints

    Table 14. Global Traction Substation Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global Traction Substation Market Share by Players (2018-2023)

    Table 16. Global Top Traction Substation Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Traction Substation as of 2022)

    Table 17. Ranking of Global Top Traction Substation Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by Traction Substation Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players Traction Substation Product Solution and Service

    Table 21. Date of Enter into Traction Substation Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global Traction Substation Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global Traction Substation Revenue Market Share by Type (2018-2023)

    Table 25. Global Traction Substation Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global Traction Substation Revenue Market Share by Type (2024-2029)

    Table 27. Global Traction Substation Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global Traction Substation Revenue Market Share by Application (2018-2023)

    Table 29. Global Traction Substation Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global Traction Substation Revenue Market Share by Application (2024-2029)

    Table 31. North America Traction Substation Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America Traction Substation Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America Traction Substation Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe Traction Substation Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe Traction Substation Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe Traction Substation Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific Traction Substation Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific Traction Substation Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific Traction Substation Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America Traction Substation Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America Traction Substation Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America Traction Substation Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa Traction Substation Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa Traction Substation Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa Traction Substation Market Size by Country (2024-2029) & (US$ Million)

    Table 46. ABB Company Detail

    Table 47. ABB Business Overview

    Table 48. ABB Traction Substation Product

    Table 49. ABB Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 50. ABB Recent Development

    Table 51. SIEMENS Company Detail

    Table 52. SIEMENS Business Overview

    Table 53. SIEMENS Traction Substation Product

    Table 54. SIEMENS Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 55. SIEMENS Recent Development

    Table 56. Alstom Company Detail

    Table 57. Alstom Business Overview

    Table 58. Alstom Traction Substation Product

    Table 59. Alstom Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 60. Alstom Recent Development

    Table 61. MITSUBISHI ELECTRIC Company Detail

    Table 62. MITSUBISHI ELECTRIC Business Overview

    Table 63. MITSUBISHI ELECTRIC Traction Substation Product

    Table 64. MITSUBISHI ELECTRIC Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 65. MITSUBISHI ELECTRIC Recent Development

    Table 66. SETRANS HOLDING Company Detail

    Table 67. SETRANS HOLDING Business Overview

    Table 68. SETRANS HOLDING Traction Substation Product

    Table 69. SETRANS HOLDING Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 70. SETRANS HOLDING Recent Development

    Table 71. Wolong Electric Company Detail

    Table 72. Wolong Electric Business Overview

    Table 73. Wolong Electric Traction Substation Product

    Table 74. Wolong Electric Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 75. Wolong Electric Recent Development

    Table 76. Tianwei Group Company Detail

    Table 77. Tianwei Group Business Overview

    Table 78. Tianwei Group Traction Substation Product

    Table 79. Tianwei Group Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 80. Tianwei Group Recent Development

    Table 81. Sunten Electric Company Detail

    Table 82. Sunten Electric Business Overview

    Table 83. Sunten Electric Traction Substation Product

    Table 84. Sunten Electric Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 85. Sunten Electric Recent Development

    Table 86. TBEA Company Detail

    Table 87. TBEA Business Overview

    Table 88. TBEA Traction Substation Product

    Table 89. TBEA Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 90. TBEA Recent Development

    Table 91. China XD Group Company Detail

    Table 92. China XD Group Business Overview

    Table 93. China XD Group Traction Substation Product

    Table 94. China XD Group Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 95. China XD Group Recent Development

    Table 96. Sunlight Electric Company Detail

    Table 97. Sunlight Electric Business Overview

    Table 98. Sunlight Electric Traction Substation Product

    Table 99. Sunlight Electric Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 100. Sunlight Electric Recent Development

    Table 101. Dachi Electric Company Detail

    Table 102. Dachi Electric Business Overview

    Table 103. Dachi Electric Traction Substation Product

    Table 104. Dachi Electric Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 105. Dachi Electric Recent Development

    Table 106. Luneng Mount.Tai Electric Company Detail

    Table 107. Luneng Mount.Tai Electric Business Overview

    Table 108. Luneng Mount.Tai Electric Traction Substation Product

    Table 109. Luneng Mount.Tai Electric Revenue in Traction Substation Business (2018-2023) & (US$ Million)

    Table 110. Luneng Mount.Tai Electric Recent Development

    Table 111. Research Programs/Design for This Report

    Table 112. Key Data Information from Secondary Sources

    Table 113. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global Traction Substation Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global Traction Substation Market Share by Type: 2022 VS 2029

    Figure 3. DC Traction Substation Features

    Figure 4. AC traction substation Features

    Figure 5. Global Traction Substation Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global Traction Substation Market Share by Application: 2022 VS 2029

    Figure 7. Railway Case Studies

    Figure 8. Urban Rail Transit Case Studies

    Figure 9. Traction Substation Report Years Considered

    Figure 10. Global Traction Substation Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 11. Global Traction Substation Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 12. Global Traction Substation Market Share by Region: 2022 VS 2029

    Figure 13. Global Traction Substation Market Share by Players in 2022

    Figure 14. Global Top Traction Substation Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Traction Substation as of 2022)

    Figure 15. The Top 10 and 5 Players Market Share by Traction Substation Revenue in 2022

    Figure 16. North America Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 17. North America Traction Substation Market Share by Country (2018-2029)

    Figure 18. United States Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. Canada Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Europe Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe Traction Substation Market Share by Country (2018-2029)

    Figure 22. Germany Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. France Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. U.K. Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Italy Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Russia Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Nordic Countries Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Asia-Pacific Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific Traction Substation Market Share by Region (2018-2029)

    Figure 30. China Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Japan Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. South Korea Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Southeast Asia Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. India Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Australia Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Latin America Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America Traction Substation Market Share by Country (2018-2029)

    Figure 38. Mexico Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Brazil Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Middle East & Africa Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa Traction Substation Market Share by Country (2018-2029)

    Figure 42. Turkey Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Saudi Arabia Traction Substation Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. ABB Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 45. SIEMENS Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 46. Alstom Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 47. MITSUBISHI ELECTRIC Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 48. SETRANS HOLDING Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 49. Wolong Electric Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 50. Tianwei Group Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 51. Sunten Electric Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 52. TBEA Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 53. China XD Group Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 54. Sunlight Electric Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 55. Dachi Electric Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 56. Luneng Mount.Tai Electric Revenue Growth Rate in Traction Substation Business (2018-2023)

    Figure 57. Bottom-up and Top-down Approaches for This Report

    Figure 58. Data Triangulation

    Figure 59. Key Executives Interviewed