This global Traction Transformers market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
Traction transformer is an electrical device which is used in designing and manufacturing of railway system. It transfers the energy from one circuit to another through electromagnetic induction. It substituted the traction system run by fossil fuels years ago. It acts as an integral part of electric traction system. In terms of technology traction system is divided two major groups, DC (direct current) systems and AC (alternative current) systems
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With advancements in railway infrastructure globally and increasing government investments, thereby driving the market for traction transformer over the forecast period. In addition to this some of the prominent drivers for traction transformer market are factors such as growing use of railways and liberal regulation of railway system. Furthermore, the rapid electrification of rail networks across the globe, demand for traction transformer expected to grow further significantly. On the other hand, factors such as high cost and complex design of the systems may act as a major restraint for the traction transformer market.
The growth of high-speed rail networks in developing economies is one of the primary growth factors for this market. The major developing economies in APAC, namely China and India, are increasingly investing in high-speed rail networks. Additionally, large scale projects in the Americas on high-speed rail networks are also underway. The steady growth in high-speed rail networks across the world is expected to fuel the demand for traction transformers.
The worldwide market for Traction Transformers is expected to grow at a CAGR of roughly 4.2% over the next five years, will reach 690 million US$ in 2023, from 540 million US$ in 2017, according to a new study.
Traction Transformers Market Report – Quick Rundown:
Vendors discussed with company profiles, details on their offerings, contact information and more include: ALSTOM, JST transformateurs, Mitsubishi Electric, Siemens
Global Traction Transformers Market Type Segments Covered:
- 15 KV
- 25 KV
- 5 KV
- 3 KV
- 2 KV
World Traction Transformers Market 2018 – 2023 Analysis of Segments by Applications include:
- Electric Locomotives
- High-Speed Trains
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With an objective to help understand the development plans and policies, manufacturing processes, cost structures of Traction Transformers market, this report lists and profiles leading players with top level information on them. Wherever applicable, it also focuses on the details like supply chain, market statistics, product images, development plan outlook, consumption (where available), growth rates, contact details and much more.
Sub-segments of the Traction Transformers market are expansively analyzed covering industry dynamics, help on a feasibility study, vendor strategies, growth prospects and market share of the industry. Growth projections for next few years form an important aspect of this 2018 Traction Transformers report.
Apart from whatever is already offered in this Traction Transformers market research, the report can be customized to meet your needs – be it additional company coverage or country coverage or anything specific that you need.
Table OF Content:
1 Traction Transformers Market Overview
2 Manufacturers Profiles
3 Global Traction Transformers Sales, Revenue, Market Share and Competition by Manufacturer (2016-2017)
4 Global Traction Transformers Market Analysis by Regions
5 North America Traction Transformers by Countries
6 Europe Traction Transformers by Countries
7 Global Traction Transformers Market Segment by Type
8 Global Traction Transformers Market Segment by Application
9 Global Traction Transformers Market Size Forecast (2018-2023)
10 Research Findings and Conclusion
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