Traction Inverter Market Growth Rate And Product Revenue Report 2025


27th December 2018 - Global traction inverter market is driven by factors such as heavy use in railways as a semiconductor device. Also, the rising demand for safety in railways and locomotives is likely to propel the growth of traction inverter market. However, factors such as low skill expertise are likely to impede the market growth during the forecast period.

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Traction inverter is also called as traction motor that is used for vehicle propulsion. Common examples of such scenarios include electric locomotive and roadway vehicle. Traction motors are electrically used to power rails such as electric multiple units & other electric vehicles such as elevators, conveyers, electric hybrid vehicles& battery electric vehicles. The motor types and control include direct-current motors with series field windings and power semiconductors. Direct-current motors offer speed torque features favourable for propulsion that provide high torque at lower transmission speeds. With varying multiple taps, the speed can be varied that sanctions a relative smooth operator control of acceleration.

Traction inverters have a measurement called ‘rating’ which rates maximum power for traction inverters. Electric locomotives normally have a constant and one-hour rating. The terminology one hour denotes that the maximum power the motors can constantly mature over a one-hour period without overheating the motors. On a commercial basis, the global traction inverter market gains significance owing to proliferated use in multiple domains. With this, the global market for traction inverter witnesses a higher growth CAGR during the forecast period.

Global traction inverter market spans North America, Latin America, Europe, Asia-Pacific, and Middle-East & Africa. APAC regions are anticipated to grow during the forecast period owing to rising need for solar energy installations in residential and commercial sectors. North American market is anticipated to grow at a higher CAGR owing to need for eco-friendly alternatives.

The key players in the global traction inverter market include ABB Technologies, Bonfiglioli, GE, Schenider Electric, SMA Solar Technology, Vertiv, Enphase Energy, Fronius International, Sungrow, Advanced Energy Industries, Siemens, ALSTOM, KACO New Energy, Power One Micro Systems, OMRON, TABUCHI ELECTRIC, Huawei Technologies, Voith Turbo, Toshiba, Mitsubishi Electric, Prodrive Technologies, and Curtiss-Wright.

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