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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
From trams to high-speed trains, power semiconductors are essential in railway transportation. New technologies are being advanced, such as the usage of SiC (silicon carbide), which will enable even greater efficiency and the largest weight reduction in the future for conventional silicon-based power semiconductors.
The railroad industry is really driving demand for more effective energy conversion technology.
A Memorandum of Understanding between Siemens Mobility and Mitsubishi Electric Europe B.V. aims to provide efficient and sustainable mobility while also providing electrical energy savings in the transportation industry.
In the most demanding applications, such as traction inverters in trains, Mitsubishi Electric's SiC devices have demonstrated long-term dependability.
Utilizing a variety of SiC power devices from Mitsubishi Electric in railway technology has the potential to reduce energy consumption, especially when it comes to traction drives.
The new Mireo Plus regional railway platform, which enables operators to run their businesses profitably and without producing any local CO2 emissions, was built on the foundation created by Siemens.
Siemens Mobility is able to electrify railway lines even without a continuous overhead contact line thanks to the ground-breaking technology of the battery-powered Mireo Plus.
The Global Rail Hybrid SiC Power Module Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
21 | Product installation rate by OEM, 2024 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2024 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |