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Train Auxiliary Rectifier Market

Train Auxiliary Rectifier Market By Product type (Less than 500 KVA, 500 - 2000 KVA, more than 2000 KVA), Circuit (Single phase, Three phase), Sales Channel (OEM (Original Equipment Manufacturer), Aftermarket) & Region - Forecast 2022-2032

Market Insights on Train Auxiliary Rectifier covering sales outlook, demand forecast & up-to-date key trends

Train Auxiliary Rectifier Market Overview

The train auxiliary rectifier market is likely to record a strong CAGR of % during the forecast period. The train auxiliary rectifier market is currently valued at US$ 2245.47 Mn in 2022 and is likely to reach US$ 3622.95 Mn by 2032.

Report Attribute

Details

Estimated Base Year Value (2022)

US$ 2245.47 Mn

Anticipated Forecast Value (2032)

US$ 3622.95 Mn

Projected Growth Rate (2022-2032)

4.9% CAGR

Sales of train auxiliary rectifiers have risen due to their high energy efficiency, which is higher than the diesel locomotive, and do not require on-board combustion.

Increased usage of train auxiliary rectifiers for power and signal conditioning in numerous applications is also projected to contribute to the growth of the train auxiliary rectifier market share.

The report sheds light on the factors improving the sales of train auxiliary rectifiers, and, in turn, the opportunities for market players. However, the train auxiliary rectifier market also faces some challenges, limiting the market share from reaching its potential.

Some of the critical train auxiliary rectifier market trends promoting the demand for train auxiliary rectifier are the upcoming rail projects.

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What are the Key Dynamics to the Train Auxiliary Rectifier Market Share?

The rising number of rail projects is expected to increase the adoption and implementation of the sales of train auxiliary rectifiers on a large scale. 

For instance, according to the international railway journal, 19 rail projects construction started in 2019 and is 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 is anticipated to boost the demand for train auxiliary rectifiers, which in turn will develop lucrative opportunities over the forecast period. 

Additionally, key manufacturing companies are looking to develop and manufacture auxiliary rectifiers to fulfill customers' needs, which is again propelling the growth of the global train auxiliary rectifier market

However, the manufacturers of auxiliary rectifiers need to constantly innovate their product offerings, pricing, differentiation, and quality which is expected to restrain the growth of the global sales of train auxiliary rectifiers over the near future.

Prominent manufacturers involved in the train auxiliary rectifier market are continuously focusing on product differentiation, operational excellence to enhance their market position, and manufacturing footprint optimization.

Which Region holds the Highest Growth Potential in the Train Auxiliary Rectifier Market?

The global train auxiliary rectifier market is expected to account for high growth in North America and is expected to be a fast-growing market for train auxiliary rectifiers over the forecast years. 

In the sales of train auxiliary rectifiers, Europe is anticipated to be followed by North America and witness double-digit growth in sales during the forecast period. 

In demand for train auxiliary rectifiers, the Asia-Pacific region is anticipated to follow by Europe over the forecast period. 

Latin America and, the Middle East & Africa account for a comparatively small share of the market. However, the demand for train auxiliary rectifier market is expected to grow at a significant pace over the near future.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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How is the Competitive Landscape in the Train Auxiliary Rectifier Market?

The key players of the train auxiliary rectifier market are focusing on enhancing and adopting strategies like enhancing the durability, sizes and its use to thrive business. This is driving the sales of train auxiliary rectifier.  

Some of the key participating players indulged in the sales of train auxiliary rectifier are:

  • 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

These market players are anticipated to drive the train auxiliary rectifier market by introducing new products and expanding geographically.

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.

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Report Scope 

Report Attribute

Details

Growth Rate

CAGR of 4.9% from 2022 to 2032

Base year for estimation

2022

Historical data

2015 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis

Segments covered

Product type, Circuit, Sales Channel, Region

Regional scope

North America; Latin America; Europe; Middle East and Africa (MEA); East Asia; South Asia; Oceania

Country scope

U.S., Canada, Mexico, Brazil, Germany, Italy, France, U.K, Spain, Russia, India, ASEAN, China, South Korea, Australia & New Zealand, GCC Countries, South Africa, North Africa

Key companies profiled

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

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The train auxiliary rectifier market grows at a rate of 4.9% CAGR during the forecast period 2022 to 2032.

Key players holding a substantial train auxiliary rectifier market share 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.

Demand for train auxiliary rectifier is likely to rise on the back of increased usage of train auxiliary rectifier for power and signal conditioning in numerous applications.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Train Auxiliary Rectifier Market