The electronic power converter is necessary to use in power trains. In power train, the auxiliary rectifier is used to converts alternating current into direct current. Auxiliary rectifiers are mostly used as high-voltage direct current power transmission systems and electronic components of DC power supplies. Because of their foremost rectifying characteristics, they are typically used for power and signal conditioning in numerous application.
The electric operation is preferred on railways since the auxiliary rectifier has high energy efficiency is higher than the diesel locomotive and does not require on board combustion. The high adhesive force and easy speed control also make easy electric operation suitable for train line running through the hilly station. Aforementioned factor expected to increase the demand of auxiliary rectifier in train application. Furthermore, the upcoming rail projects are also expected to drive the market of auxiliary rectifier market.
Global Train Auxiliary Rectifier Market: Dynamics
The rising number of rail projects is expected to increased adoption and implementation of train auxiliary rectifier on a large scale. For instance, according to the international railway journal, 19 rail projects construction started in 2019 and expected to complete in 2033 across countries such as Britain, Russia, Sweden, Australia, China, Poland, Us, Turkey, Thailand, and Denmark. Growing electrification across countries like North America, Europe, and the Asia Pacific anticipated to boost the demand for auxiliary rectifiers, in turn will develop lucrative opportunities over the forecast period. Additionally, key manufacturing companies are looking to develop and manufacture auxiliary rectifiers in order to fulfil the need of customers, which is again propelling the growth of the global train auxiliary rectifier market.
However, the manufacturers of auxiliary rectifier need to constantly innovate their product offerings, pricing, differentiation, and quality which is expected to restrain the growth of the global train auxiliary rectifier market over the near future.
Prominent manufacturers involved in the train auxiliary rectifier market are continuously focusing on product differentiation, operational excellence in order to enhance its market position, and manufacturing footprint optimization.
Global Train Auxiliary Rectifier Market: Regional Outlook
The global train auxiliary rectifier market is expected to account high growth in North America and is expected to be fast growing market for train auxiliary rectifier over the forecast years. Europe in the train auxiliary rectifier market is anticipated to be followed by North America and witness double-digit growth in terms of sales during the forecast period. The Asia-Pacific region in train auxiliary rectifier market is anticipated to follow by Europe over the forecast period. Latin America and Middle East & Africa account for a comparatively small share in the market. However, the demand for train auxiliary rectifier market is expected to grow at a significant pace over the near future.
Global Train Auxiliary Rectifier Market: Market Participants
Some of the key players involved in the global train auxiliary rectifier market include ABB group, Siemens Mobility GmbH, Hind Rectifiers Limited, Meidensha Corporation, Medcom, Fuji Electric Co., Ltd., Transformers & Rectifiers Ltd, Dovop Electric, Zhejiang Longxiang Electric, Shindengen Electric Manufacturing Co. Ltd, and some others.
Globally, the train auxiliary rectifier market is found to be highly consolidated in nature owing to the presence of the small number of players in the global market which provides key advantages to the manufacturer such as operational efficiencies and economies of scale.
The research report presents a comprehensive assessment of the train auxiliary rectifier market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Train Auxiliary Rectifier market segments such as product type, circuit, sales channel.
The report covers exhaustive analysis on:
- Train Auxiliary Rectifier Market Segments
- Train Auxiliary Rectifier Market Dynamics
- Train Auxiliary Rectifier Market Size
- Train Auxiliary Rectifier Volume Analysis
- Train Auxiliary Rectifier Adoption Rate
- Train Auxiliary Rectifier Current Trends/Issues/Challenges
- Train Auxiliary Rectifier Competition & Companies involved
- Train Auxiliary Rectifier Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, Italy, France, U.K, Spain, Russia)
- South Asia (India, ASEAN)
- East Asia (China, Japan, South Korea)
- Oceania (Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on Train Auxiliary Rectifier market segments and geographies.
Global Train Auxiliary Rectifier Market: Segmentation
Globally, the train auxiliary rectifier market can be segmented on the basis of product type, circuit, sales channel, etc.
Based on the Product Type, the global train auxiliary rectifier market can be segmented into,
- Less than 500 KVA
- 500 – 2000 KVA
- More than 2000 KVA
Based on the Circuit, the global train auxiliary rectifier market can be segmented into,
- Single phase
- Three phase
Based on the Sales Channel, the global train auxiliary rectifier market can be segmented into,
- OEM (Original Equipment Manufacturer)
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected Train Auxiliary Rectifier market size in terms of value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Train Auxiliary Rectifier market performance
- Must-have information for Train Auxiliary Rectifier market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.