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.
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.
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
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.
Table Of Contents
1. Executive
Summary
2. Market
Introduction
2.1. Market
Definition
2.2. Scope Of The
Study
2.3. Market
Structure
3. Research
Methodology
3.1. Primary
Research
3.2. Secondary
Research
3.3. Market Size
Estimation
3.4. Forecast
Model
3.5. List Of
Assumptions
4. Market Dynamics
4.1. Drivers
4.1.1. Shift
Towards Low Carbon Rail Transport
4.1.2. Significant
Government Funding For Rail Infrastructure Development
4.1.3.
Liberalization Of Rail Transport Network
4.1.4. Growing
Demand For Energy-Efficient Transformer
4.2. Restraints
4.2.1. Dominance
Of Diesel-Powered Rail Engines In Certain Countries
4.3. Opportunities
4.3.1.
Electrification Of Rail Networks
4.3.2. Growing
Focus On Electric Vehicles
4.4. Porter’s Five
Forces Analysis
4.4.1. Threat Of
New Entrants
4.4.2. Bargaining
Power Of Buyers
4.4.3. Bargaining
Power Of Suppliers
4.4.4. Threat Of
Substitutes
4.4.5. Intensity
Of Rivalry
4.5. Value
Chain/Supply Chain Analysis
Continued…..
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