Traction Transformer Market 2023: To track and analyze as joint ventures, strategic alliances, mergers and acquisitions and research

Traction Transformer Market Research Report: Information by Mounting Position (Underframe, Machine Room, & Roof), Overhead Line Voltage (AC & DC) Rolling Stock (Electric Locomotives, High-Speed Trains, & Metros), and Region – Forecast till 2023

Pune, India - February 1, 2019 /MarketersMedia/ —

Global Traction transformer Market

Global Traction Transformer Market is expected to witness a moderate growth rate during the forecast period owing to significant government funding for rail infrastructure development and liberalization of rail transport network. For instance, in February 2018, BNSF (US) invested USD 3.3 billion in network expansion. Moreover, Ford Co would double its electrical vehicle spending and invest USD 90 billion. China is estimated to be the leading market for electric vehicles. The sales of plug-in hybrids in China are projected to reach 12.43 million cars by 2035. These developments would positively impact the demand for traction transformer globally.

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Moreover, Rising urbanization, demand from the railway sector, and supportive government plans are expected to drive the market for electric traction transformer in this region. China, India, and Japan are the leading countries contributing to the growth of the electric Traction Transformer Market in Asia Pacific.

Key Players
The key players of 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.

Market Highlights
Traction transformer is an electrical device that transforms energy from one circuit to another. It feeds power to the traction motor. It acts as an integral part of traction system in rolling stock such as locomotives, high speed trains, and metro trains, among others. The traction transformer system is divided into two categories such as AC traction transformer and DC traction transformer.

Based on rolling stock, the market is segmented as electric locomotives, high speed trains, and metros. Electric locomotive segment is estimated to dominate the market during the forecast period due to the rising population, growing demand for rail transportation, and increasing preference for moving goods by rail over road transport. Considering the mounting position, the market is segmented into underframe, machine room, and roof. Underframe mounting segment is expected to lead the Traction Transformer Market in 2018 due to the increased space for passenger capacity and improved comfort level of passenger.

The Global Traction Transformer Market is expected to grow at ~ 5.00% CAGR during the forecast period.

Market Research Analysis
Asia Pacific is estimated to be the fastest growing market for traction transformer
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.

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Scope of the Report
This report provides an in-depth analysis of the Global Traction Transformer Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region.

The scope of the study segments the Traction Transformer Market by its mounting position, overhead line voltage, rolling stock, and region.

By Mounting Position
Underframe
Machine room
Roof

By Overhead Line Voltage
AC
12 kV
15 kV
20 kV
25 kV
DC
75 kV
5 kV
3 kV

By Rolling Stock
Electric Locomotives
High Speed Trains
Metros

By Regions
North America
Asia-Pacific
Europe
Middle East & Africa
South America

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Organization: Market Research Future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/traction-transformer-market-7024

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