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 growth of this market is propelled by the increased
government spending for the rail infrastructure development, shift
toward low carbon rail transport, and liberalization of the rail
transport network.
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The traction transformer market for electric
locomotives is expected to hold a large share of the overall market and
is also expected to grow at the highest rate between 2016 and 2022. The
growth of the market is driven by the rising population, growing demand
for rail transportation, and increasing preference for moving goods by
rail over road transportation.
The traction transformer market for underframe
mounting is expected to lead the overall market in 2016 because of the
increased space for passenger capacity and improved comfort level of
passengers. The market for machine room mounting is expected to grow at a
high rate between 2016 and 2022. Machine room mounting plays an
integral role for providing maximum flexibility and reliability in
single and multiphase rail systems.
Traction transformer market for AC overhead line is
expected to hold the largest share of the overall market and expected to
grow at the highest rate between 2016 and 2022. The majority of
electric traction systems are equipped with AC overhead lines because of
the advantage of low power losses over longer distance travel.
“APAC expected to lead the traction transformer market between 2016 and 2022”
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.
The major players operating in the traction
transformer market include ABB Ltd. (Switzerland), Alstom SA. (France),
JST Transformateurs (France), Mitsubishi Electric Corporation (Japan),
Siemens AG (Germany), Emco Ltd. (India), Hind Rectifiers Ltd. (India),
International Electric Co. Ltd. (Korea), Setrans Holding AS (France),
and Wilson Transformer Company (Australia).
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