The
global traction
transformer market is estimated to expand
at a 5.00% CAGR during the forecast period. Traction transformer is an
electrical device that transforms power from one circuit to another. Tt is one
of the most vital components of an electric traction system as it feeds power
at safe voltages to essential train functions like traction, heating and
ventilation, lighting, brakes, signalling and communication. These transformers
are majorly used in high speed trains and electric locomotives where a very
high-power rating of over 5.5 MVA is required.
With
advancements in railway infrastructure globally and increasing government
investments are thereby driving the market for traction transformer over the
forecast period. In addition, shift to traction transformers in order to
address environmental concerns due to their inherent properties including
higher power to weight ratio, low running cost of locomotives, less noise
pollution and lack of dependence of crude oil, is also expected to drive the
market over the forecast period
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Segmental Analysis:
Global
traction transformer has been segmented based on mounting position, overhead
line voltage, and rolling stock. Based on rolling stock, the market has been
classified into electric locomotives, high-speed trains, and metros. Electric
locomotives segment expected to grow at the highest CAGR during the forecast
period. The demand for electric locomotives is increasing in order to reduce
the emissions and to increase efficiency of the vehicles by decreasing the
dependence on internal combustion engines. This will drive the market for
traction transformer that are used in electric locomotives/vehicles.
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Regional Outlook:
Asia
Pacific held the largest market share of the global traction transformer market
in 2017. It is estimated that Asia-Pacific region would be the fastest growing
market during the forecast period, mainly due to the rising population leading
to increased connectivity across the region. Moreover, the increasing
investment in high-speed rail network, development of new lines, and expansion
of existing rail networks are driving the demand for traction transformers in
this region.
Competitive Dashboard:
The key players of the global traction
tran market are Wilson Transformer Company (Australia), International Electric
Co., Ltd. (South Korea), EMCO Limited (India), Mitsubishi Electric Corporation
(Japan), Alstom SA (France), ABB Ltd (Switzerland), JST Transformateurs
(France), Siemens AG (Germany), Sunten Electric (China), and Setrans Holding AS
(France), among others.
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