Global Traction Transformer Market was valued at US$ 540.50 Mn in 2019 and is expected to reach 750.80 Mn by 2027, at a CAGR of 4.19 % during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Traction Transformer MarketGlobal Traction Transformer Market Dynamics:
The large-scale electrification and infrastructural renovation of railway networks across the globe are some of the prominent driving factors in the global traction transformer market. Rising traffic congestion in the urban areas across the globe has turned the focus toward the development of public transportation. Many countries are capitalizing either in the renovation of their prevailing light-rail infrastructure or the construction of new ones. The rising inclination of the people towards using public transport in order to check on emissions and pollution levels is expected to increase in the electrification of railway networks.
On the other hand, high costs sustained for the electrification of the rail network and the dominance of diesel-powered rail engines in some countries like the U.K., Taiwan, Mexico, and Brazil are expected to limit the growth in the global traction transformer market.
AC systems are estimated to contribute US $ XX Mn in the global traction transformer market. Rising awareness concerning the need to switch to energy-efficient products as a way of sinking economic and ecological damage caused by outmoded technologies is increasing demand for AC type equipment across the globe. Additionally, the growing popularity of AC systems in mainline railways is also contributing to the growth of the global traction transformer market by the overhead line voltage segment.
Global Traction Transformer Market Segment Analysis:
Electric locomotives are projected to dominate the global traction transformer market. The rail infrastructure in developing and developed economies across the globe has witnessed the introduction of high-speed and metro railways, thanks to the sturdy electrification of national railroads. The railway sector is progressively shifting towards novel technologies and cleaner and faster machines. This trend is projected to result in an amended scope of demand for traction transformers in the electric locomotives segment during the forecast period.
Global Traction Transformer Market Regional Analysis:
Europe region is estimated to hold a significant share in the global traction transformer market followed by the Asia Pacific. The traction transformer market in Europe region is matured, with increasing adoption of the recent technological advancements in rail traction systems. Expansion of the electrified rail network and favorable regulatory policies intended at developing efficient public transport are expected to stimulate the growth of the traction transformer market in the region. Furthermore, Asia Pacific is expected to be a leading region in the global traction transformer market. Growing investment in the high-speed rail network, the development of new lines, and the need for the renovation of existing rail networks are increasing the demand for traction transformers in the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the global traction transformer market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global traction transformer market.
Scope of the Global Traction Transformer Market Report:
Global Traction Transformer Market, By Rolling Stock
• Electric locomotives
o Freight Locomotives
o Passenger Locomotives
• Metros
• High-speed trains
• Others
Global Traction Transformer Market, By Mounting Position
• Underframe
• Machine Room
• Roof
Global Traction Transformer Market, By Type
• Tapped
• Tap changing
• Rectifier
Global Traction Transformer Market, By Overhead Line Voltage
• AC
o 1.2 KV
o 15 KV
o 20 KV
o 25KV
• DC
o 0.75 KV
o 1.5KV
o 3 KV
Global Traction Transformer Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Traction Transformer Market:
• Avago technologies ltd
• ABB Ltd.
• Siemens AG
• EMCO Limited
• Hind Rectifiers Limited
• International Electric Co., Ltd.
• Setrans Holding as
• Wilson Transformer Company
• Alstom SA
• JST Transformateurs
• General Electric
• Mitsubishi Electric Corporation
• SPX transformer
• Schneider Electric SA
• Sunten Electric
• Brush Traction
• Altrafo Trasformatori
• International BEZ Group
• Internationa
• CRRC
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