Allied Market Research

2024

Train Auxiliary Rectifier Market

Train Auxiliary Rectifier Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Less than 500 KVA, 500-2000 KVA, More than 2000 KVA) and by Application (Original Equipment Manufacturer, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2023-2032

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Author's: | Lalit Janardhan Katare
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Train Auxiliary Rectifier Market Outlook 2027 -

In power train, the auxiliary rectifier is used to convert 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. Owing to their foremost rectifying characteristics, they are used for power and signal conditioning in numerous applications. The electric operation is preferred on railways since the auxiliary rectifier has higher energy efficiency than the diesel locomotive and does not require onboard combustion. The upcoming rail projects are expected to drive the market of the auxiliary rectifier market.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Product Type and Applications

  Regions covered

North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa

  Companies covered

ABB, Siemens, Hind Rectifiers, Meidensha, Fuji Electric, Shindengen Electric Manufacturing, Zhejiang Longxiang Electric

 

COVID-19 scenario analysis:

  • The global market for auxiliary rectifier is severely impacted by the outbreak of the COVID-19 pandemic.
  • The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
  • Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
  • Thus, insufficiency in raw material supply is expected to hamper the production rate of auxiliary rectifier, which negatively impact the market growth.
  • However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

The factors such as the rising number of rail projects and key manufacturing companies are looking to develop and manufacture auxiliary rectifiers that are driving the growth of the market. Moreover, manufacturers need to constantly innovate their products is acting as major restraints in the growth of the train auxiliary rectifier market. Furthermore, prominent manufacturers involved in the train auxiliary rectifier market are continuously focusing on product differentiation, operational excellence to enhance its market position, and manufacturing footprint optimization which will create good opportunities for the train auxiliary rectifier market in the forecasting period.

The train auxiliary rectifier market trends are as follows:

The rising number of rail projects

The upcoming rail projects are expected to extend the adoption and implementation of the train auxiliary rectifier on an outsized scale. as an example, consistent with the international railway journal, 19 rail projects construction started in 2019 and expected to finish in 2033 across countries like Britain, Russia, Sweden, Australia, China, Poland, Us, Turkey, Thailand, and Denmark. Growing electrification across many countries, it is anticipated to spice up the demand for auxiliary rectifiers.

Key manufacturing companies are looking to develop and manufacture auxiliary rectifiers

Key manufacturing companies are looking to develop and manufacture auxiliary rectifiers to satisfy the necessity of consumers, which is again propelling the expansion of the worldwide train auxiliary rectifier market. The new ventures introduced in the market are expected to grow the growth opportunities for the players operating within the market.

Key segments covered:

Segments

Subsegments

  Product Type

  • Less than 500 KVA
  • 500–2000 KVA
  • More than 2000 KVA

  Applications

  • Original Equipment Manufacturer
  • Aftermarket

Key benefits of the report:

  • This study presents the analytical depiction of the train auxiliary rectifier market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the train auxiliary rectifier share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the train auxiliary rectifier growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed train auxiliary rectifier analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the train auxiliary rectifier tire market research report:

  • Which are the leading players active in the train auxiliary rectifier market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

Train Auxiliary Rectifier Market Report Highlights

Aspects Details
Train Auxiliary Rectifier Market By Product Type
By Product Type
  • Less than 500 KVA
  • 500–2000 KVA
  • More than 2000 KVA
Train Auxiliary Rectifier Market By Application
By Application
  • Original Equipment Manufacturer
  • Aftermarket
Train Auxiliary Rectifier Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Meidensha, Siemens, ABB, Shindengen Electric Manufacturing, Fuji Electric, Zhejiang Longxiang Electric, Hind Rectifiers

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Train Auxiliary Rectifier Market

Global Opportunity Analysis and Industry Forecast, 2023-2032