The traction transformer market was valued at USD 528.0 Million in 2015 and is expected to grow at a CAGR of 4.6% between 2016 and 2022. The base year considered for study is 2015 and the forecast period is considered for the period between 2016 and 2022. The liberalization in the rail transport market, increasing government funding, and the growing environmental concerns are the driving factors for the growth of the market. The objective of the report is to provide a detailed analysis of the market based on rolling stock, mounting position, overhead line voltage, and geography. The report provides detailed information regarding the major factors influencing the growth of the market. The report also gives a detailed overview of the value chain of the market and analyzes the market trends on the basis of the Porter’s five forces analysis.
“Traction transformer market for machine room mounting to grow at a high rate between 2016 and 2022”
The traction transformer market for machine room mounting is expected to grow at a significant rate between 2016 and 2022. The machine room mounting of traction transformer is widely used in high-speed trains and electric locomotives. This type of mounting provides maximum flexibility and reliability in single and multiphase rail systems.
“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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