Traction Transformer Market Overview
The global traction transformer market is
estimated to expand at ~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
Leading
Platers
The key players of the global Traction Transformer
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.
Industry
Segmentation
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
Region wise, 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.
Scope
of this Report
This research report
provides insights into various levels of analysis, such as industry analysis
and market share analysis for the leading industry competitors, along with
their profiles. It also helps in studying the target segments by providing
views on the emerging & high-growth segments. The market data comprises the
basic assessment of the competitive scenarios and strategies in the global traction
transformer market, including high-growth regions and/or countries, and
political and economic environments. The project report further provides both –
historical market values and pricing & cost analysis
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