Traction Transformer (Onboard) Market estimated to be worth 724.2 Million USD by 2022

According to the new market research report "Traction Transformer (Onboard) Market by Rolling Stock (Electric Locomotives, High-speed Trains, Metros), Mounting Position (Underframe, Machine Room, Roof), Overhead Line Voltage, and Geography - Global Forecast to 2022", the traction transformer market is expected to be valued at USD 724.2 Million by 2022, growing at a CAGR of 4.6% between 2016 and 2022. The factors that are driving the growth of the market include the significant government funding for rail infrastructure development, shift toward low carbon rail transport, and liberalization of rail transport network.

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The traction transformer ecosystem comprises component providers, OEMs, system integrators, train manufacturers, and rail network operators. The players involved in the development of traction transformer include ABB Ltd. (Switzerland), Alstom SA (France), Siemens AG (Germany), Mitsubishi Electric Corporation (Japan), and JST Transformateurs (France), among others. The BS EN 50163: 2004, IEC 60850:2014, IEC 60310, and International Railway Industry Standard (IRIS) are among the major regulatory standards for the traction transformers.

Target Audience of the Report:

• Government bodies, venture capitalists, and private equity firms
• Manufacturers of components such as traction motors, drives, rectifiers, and other instruments
• Rolling stock manufacturers
• Rolling stock maintenance companies
• Rail network operators
• Research institutes, associations, and organizations
• Traction transformer manufacturers

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the Report:

In this research report, the global traction transformer market has been segmented on the basis of rolling stock, mounting position, overhead line voltage, and geography.

Traction Transformer Market, by Rolling Stock:

• Electric Locomotives
  • Freight Locomotives
  • Passenger Locomotives
• High-speed Trains
• Metros

Traction Transformer Market, by Mounting Position:

• Underframe
• Machine Room
• Roof

Traction Transformer Market, by Overhead Line Voltage:

• AC
  • 1.2 KV
  • 15 KV
  • 20 KV
  • 25KV
• DC
  • 0.75 KV
  • 1.5KV
  • 3 KV

The growth of the traction transformer market in APAC is majorly driven by freight locomotive, passenger locomotive, and high-speed trains. The increasing investment by countries such as China, Japan, and India for the development of new lines and expansion of existing lines is expected to create a great potential for the overall growth of the traction transformer market in APAC.

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