Core Viewpoint - The urban rail transit DC traction power supply system is a critical infrastructure for providing electrical energy to urban rail vehicles, ensuring efficient and safe operation in cities [1][6]. Market Overview - The global market for urban rail transit DC traction power supply systems is projected to reach approximately 6,240.81 million in 2024, with an expected growth to 9,199.40 million by 2031, reflecting a compound annual growth rate (CAGR) of 5.49% from 2025 to 2031 [3]. Industry Demand Drivers - Urbanization is accelerating globally, leading to increased investment in urban rail transit systems, which drives demand for DC traction power supply systems [10]. - China's urban rail transit construction is expanding rapidly, with 18 new operational lines and 748 kilometers added in 2024, contributing to significant market demand [6]. - The Asia-Pacific region, particularly China, is a key consumer market, with ongoing advancements in technology and international competitiveness in DC traction power supply systems [6]. Key Players - Major global manufacturers in the urban rail transit DC traction power supply system market include CRRC Times Electric, Siemens Mobility, Hitachi Energy, and others [7]. Product Segmentation - The market is primarily divided into three categories: converter products, switchgear products, and others, with converter products accounting for approximately 54.43% of the global market revenue in 2024, valued at 3,396.61 million [9]. Technological Innovations - The release of the group standard for "Active Traction Power Supply Systems" has spurred the development of bidirectional conversion technology and energy quality optimization control technology, enhancing supply efficiency and energy quality [12]. Market Opportunities - The need for upgrading existing rail lines due to aging infrastructure and increasing passenger demand presents new growth opportunities for the DC traction power supply system market [13]. - The international market expansion is being driven by Chinese and German companies leveraging their technological advantages to participate in overseas projects [14]. Policy and Regulatory Environment - Recent policies aim to optimize market access for new industries, including urban rail transit, which may influence the development speed and direction of the industry [20][21].