The liberalization in the rail
transport market, increasing government funding, and the growing
environmental concerns are the driving factors for the growth of the traction transformer market.
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 objective of the
report is to provide a detailed analysis of the traction transformer
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 traction transformer market.
The report also gives a detailed overview of the value chain of the
traction transformer market and analyzes the market trends on the basis
of the Porter's five forces analysis.
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The research methodology used to estimate and forecast the traction transformer market begins with obtaining data on key vendor revenues through secondary research such as Association of the European Railway Industry (UNIFE), International Union of Public Transport (UITP), International Union of Railways (UIC), Railway Industry Association (FIF), Community of European Railway & Infrastructure Companies (CER), Railway Industry Association (RIA), National Association of Railway Transport (ANTF) (U.S.), and leading players’ annual reports and whitepapers. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global traction transformer market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the figure given below.
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.
APAC is expected to hold the largest share of the traction transformer market during the forecast period. Countries such as China, Japan, India, South Korea, Taiwan, and Australia are majorly driving the growth of the traction transformer market in Asia-Pacific. These countries are increasing the number of trains for reliable transportation. Further, 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 APAC.
North America is expected to be the fastest-growing market for traction transformers between 2016 and 2022. The major driving factors for the growth of the market in North America include rapid industrialization and modernization, government funding and support in the U.S. for the development and implementation of high-speed trains and metros in the country, and improvement in rail infrastructure.
The key restraining factors for the growth of the traction transformer market include the high cost incurred for the electrification of rail network and the dominance of diesel-powered rail engines in certain countries such as the U.K., Taiwan, Mexico, and Brazil, among others.
The key market players such as ABB Ltd. (Switzerland) and Alstom SA (France) are focusing on strategies such as contracts and new product launches to provide the best possible services to their customers and expand their business globally.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
• Request for Sample Pages:- https://www.marketsandmarkets.com/requestsample.asp?id=951
The research methodology used to estimate and forecast the traction transformer market begins with obtaining data on key vendor revenues through secondary research such as Association of the European Railway Industry (UNIFE), International Union of Public Transport (UITP), International Union of Railways (UIC), Railway Industry Association (FIF), Community of European Railway & Infrastructure Companies (CER), Railway Industry Association (RIA), National Association of Railway Transport (ANTF) (U.S.), and leading players’ annual reports and whitepapers. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global traction transformer market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of people holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the figure given below.
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.
APAC is expected to hold the largest share of the traction transformer market during the forecast period. Countries such as China, Japan, India, South Korea, Taiwan, and Australia are majorly driving the growth of the traction transformer market in Asia-Pacific. These countries are increasing the number of trains for reliable transportation. Further, 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 APAC.
North America is expected to be the fastest-growing market for traction transformers between 2016 and 2022. The major driving factors for the growth of the market in North America include rapid industrialization and modernization, government funding and support in the U.S. for the development and implementation of high-speed trains and metros in the country, and improvement in rail infrastructure.
The key restraining factors for the growth of the traction transformer market include the high cost incurred for the electrification of rail network and the dominance of diesel-powered rail engines in certain countries such as the U.K., Taiwan, Mexico, and Brazil, among others.
The key market players such as ABB Ltd. (Switzerland) and Alstom SA (France) are focusing on strategies such as contracts and new product launches to provide the best possible services to their customers and expand their business globally.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
