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, signaling 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
Players
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.
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
About
Market Research Future:
At Market Research Future (MRFR),
we enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment