Traction Transformer Market: Possible Growth and trends by 2022

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 traction transformer market and analyzes the market trends on the basis of the Porter's five forces analysis.

“Traction transformer market for electric locomotives to hold the largest share of the overall market during the forecast period“

Electric locomotive is expected to lead the global traction transformer market between 2016 and 2022. The traction transformer market for electric locomotive is majorly driven by the large installed base for passenger and freight locomotives in Europe and APAC. The adoption of electric freight locomotives has grown considerably with the rising preference for moving goods by rail over road transportation due to the cost efficiency. Further, the rising population and increasing demand for transportation is expected to drive the growth of passenger locomotives, which would further increase the demand for traction transformers.

“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 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 5000 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, "RT" 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.

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Track Geometry Measurement System Market Railway Type (High Speed, Mass Transit, Heavy Haul, Light), Component and Geography - Global Forecast to 2022

The report "Track Geometry Measurement System Market by Measurement Type (Gauge, Twist, Vertical Profile), Operation Type (No Contact & Contact Based), Railway Type (High Speed, Mass Transit, Heavy Haul, Light), Component, and Geography - Global Forecast to 2022", is expected be valued at USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022. The growth of this market is driven by the factors such as increasing need for safety and security in railway transport and growing railway networks and metro lines.

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The objective of this report is to define, describe, and forecast the market size and growth potential of the track geometry measurement system market across different segments such as measurement type (track gauge, twist, and others), operation type (no contact and contact), railway type (high speed, mass transit, heavy haul, light), and component. It also includes the forecast of the market size, in terms of value, with respect to four main geographies, namely, North America, Europe, APAC, and Rest of the World.

The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in track geometry measurement system market. The base year considered for this report is 2015, and the forecast period for the market has been considered between 2016 and 2022. The growth of this market is driven by the factors such as increasing need for safety and security in railway transport and growing railway networks and metro lines. The diversified solutions and services such as asset management, rail track gauge inspection and diagnostics, data analysis and management in the railway transit system will create opportunities for the track geometry measurement system market.

The scope of this report covers the track geometry measurement system market on the basis of measurement type (track gauge, twist, and others), operation type (no contact and contact), railway type (high speed, mass transit, heavy haul, light), and component, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the track geometry measurement system market.

The market for track gauge measurement type is estimated to hold the largest share of the track geometry measurement system market in 2015. All passenger rail types, including high-speed or light and freight rails on a particular network, must have wheelsets that are compatible with the track gauge to avoid derailment; hence, track gauge is a very important parameter during track geometry measurement. Track gauges generally vary by country and sometimes within countries as well.

On the basis of railway type, the high-speed railways segment is expected to register the highest growth during the forecast period. High-speed rail is the form of rail transport that operates significantly faster than traditional rail, using an integrated system of specialized rolling stocks and dedicated railway tracks. This type of rail is mostly intended for passenger travel and is considered as one of the safest modes of transportation. These trains normally operate on the railway track having standard track gauge. Various high-speed railway projects have been progressing rapidly worldwide in recent years, creating opportunities for the TGMS market. This is proven to be an efficient transportation mode and stimulate further economic growth by connecting major cities.

Some of the major players in this market are Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), Egis (France), Plasser & Theurer (Austria), MRX Technologies (Australia), R. Bance & Co., Ltd. (U.K.), Bentley Systems, Inc. (U.S.), and Goldschmidt Thermit Group (Germany), among others.

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.

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Traction Transformer (Onboard) complete Market overview by 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 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.
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Suite 430
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USA : 1-888-600-6441

Track Geometry Measurement System Market by Measurement Type (Gauge, Twist, Vertical Profile) worth 3.51 Billion USD by 2022

According to the MarketsandMarkets forecast, the track geometry measurement system (TGMS) market is expected be worth USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022. The major drivers for the market include increasing need for safety and security in railway transport and growing railway networks and metro lines. In addition, deployment of intelligent and cost-effective techniques in railway drive the growth of this market.

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The scope of this report covers the track geometry measurement system market on the basis of measurement type (track gauge, twist, and others), operation type (no contact and contact), railway type (high speed, mass transit, heavy haul, light), and component, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the track geometry measurement system market.

The market for track gauge measurement type is estimated to hold the largest share of the track geometry measurement system market in 2015. All passenger rail types, including high-speed or light and freight rails on a particular network, must have wheelsets that are compatible with the track gauge to avoid derailment; hence, track gauge is a very important parameter during track geometry measurement. Track gauges generally vary by country and sometimes within countries as well.

On the basis of railway type, the high-speed railways segment is expected to register the highest growth during the forecast period. High-speed rail is the form of rail transport that operates significantly faster than traditional rail, using an integrated system of specialized rolling stocks and dedicated railway tracks. This type of rail is mostly intended for passenger travel and is considered as one of the safest modes of transportation. These trains normally operate on the railway track having standard track gauge. Various high-speed railway projects have been progressing rapidly worldwide in recent years, creating opportunities for the TGMS market. This is proven to be an efficient transportation mode and stimulate further economic growth by connecting major cities.

The market is largely dominated by the APAC region because of the rapid expansion of high-speed rails, mass transit systems, and subways in the APAC countries in the recent years. In China, as of 2016, it has the world's longest high-speed railway network. In addition, the rapid expansions in metro systems in the countries such as India and Australia are creating growth prospects in this region.

Some of the major players in this market are Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), Egis (France), Plasser & Theurer (Austria), MRX Technologies (Australia), R. Bance & Co., Ltd. (U.K.), Bentley Systems, Inc. (U.S.), and Goldschmidt Thermit Group (Germany), among others.

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:
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MarketsandMarkets™ INC.
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Suite 430
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ABB Ltd. (Switzerland) and Alstom SA (France) are the leading players in the Traction Transformer Market

A traction transformer (onboard) is a transformer used in the rolling stock. Traction transformers are crucial components in the traction chain, affecting the train performance as well as operator services. These transformers can be mounted on the roof of the rolling stock, machine rooms of the rolling stock, and under the rolling stock. These rolling stocks include high-speed trains, electric locomotives, and metros. Traction transformers receive power supply from the overhead catenary line which can be either AC or DC power lines.

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 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.

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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ABB Ltd. (Switzerland), Alstom SA (France), JST Transformateurs (France), Mitsubishi Electric Corporation (Japan), and Siemens AG (Germany) are some of the leading players in the traction transformer market. New product launches, contracts, agreements, and acquisitions are some of the key strategies adopted by the major players to gain a competitive edge in the market. 

ABB Ltd. (Switzerland) is the leading player in the traction transformer market. The company is known for its wide product portfolio. It offers a range of traction transformers for electric locomotives, high-speed trains, and electric multiple units (EMUs). These transformers are suitable for installation in the machine room, on the roof, or under the floor of the train. Some of the high-speed train manufacturers such as Alstom SA (France), AnsaldoBreda S.p.A. (Italy), Bombardier Transportation (Canada), CAF (Spain), Ministry of Railways (China), Siemens Mobility (Germany), and Talgo (Spain) are the key customers of ABB’s traction transformers. The company has signed various contracts with rail operators and train manufacturers to supply traction transformers. For instance, in November 2016, ABB Ltd. signed a contract with Alstom SA (France). In addition, in May 2015, ABB Ltd. signed a contract with Stadler Rail AG (Switzerland) to supply traction transformers which are to be installed in 90 trains to expand the rail networks of Switzerland, Luxembourg, and the Netherlands.

Alstom SA (France) is one of the leading providers of traction transformers. It is well known for the development and manufacturing of rail transport equipment, systems, and services for urban, suburban, regional passenger, and freight transportation. The company’s onboard traction transformers are used in various trains such as high-speed, very high-speed, and freight and passenger locomotive trains. The company has a wide geographical presence and a wide product portfolio of traction transformers. Alstom has customers in more than 60 countries. Alstom specializes in developing liquid-filled traction transformers according to the requirement of the customers. The company follows innovation and operational excellence as a key strategy to achieve growth in the market.

The other companies operating in the traction transformer market include Emco Limited (India), Hind Rectifiers Limited (India), International Electric Co., Ltd. (South Korea), Setrans Holding AS (France), and Wilson Transformer Company (Australia).

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.
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Suite 430
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Traction transformer market | Electric Locomotives to hold the largest share | To reach $724.2 Million by 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 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.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=951

Electric locomotive is expected to lead the global traction transformer market between 2016 and 2022. The traction transformer market for electric locomotive is majorly driven by the large installed base for passenger and freight locomotives in Europe and APAC. The adoption of electric freight locomotives has grown considerably with the rising preference for moving goods by rail over road transportation due to the cost efficiency. Further, the rising population and increasing demand for transportation is expected to drive the growth of passenger locomotives, which would further increase the demand for traction transformers.

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

Traction transformer market for electric locomotives to hold the largest share of the overall market during the forecast period

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.

• Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=951

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.

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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 

Major Factors behind the Growth of Track Geometry Measurement System (TGMS) Market

Following are the major factors behind the growth of TGMS Market:-

1. Increasing need for safety in railway transport.
2. Growing railway networks and metro lines.
3. The integration of various smart and cost-effective techniques in railway.
4. Deployment of intelligent and cost-effective techniques in railway.
5. The diversified solutions and services such as asset management, rail track gauge inspection and diagnostics, data analysis and management in the railway transit system.

The track geometry measurement system (TGMS) market is expected be worth USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022.

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APAC held the largest share of the track geometry measurement system market in 2015:-

APAC held the largest share of the track geometry measurement system market in 2015 because of various railway developments in the countries such as China, Australia, and India, among others.
China is the major contributor for this region. As of 2015, China has the world's longest high-speed railway network. In addition, the rapid expansions in metro systems in the countries such as India and Australia are creating growth prospects in this region.

Some of the major players in this market are Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), Egis (France), Plasser & Theurer (Austria), MRX Technologies (Australia), R. Bance & Co., Ltd. (U.K.), Bentley Systems, Inc. (U.S.), and Goldschmidt Thermit Group (Germany), among others

High-speed railways to lead the overall market:-

The market for high-speed railways is expected to hold the largest share of the overall market and projected to grow at the highest CAGR between 2016 and 2022. These rails are mostly intended for passenger travel and are considered as one of the safest modes of transportation.
The high-speed railway projects have been progressing rapidly worldwide in recent years, creating opportunities for the TGMS market. This is proven to be an efficient transportation mode and stimulate further economic growth by connecting major cities.

The market for gauge measurement systems held the largest share in 2015:-

The gauge measurement type has a major foothold in the track geometry measurement system market. Track gauges actually vary by country and sometimes within countries as well.
Gauge measurement is a basic and key parameter for track geometry measurement to avoid derailment as it decides which rolling stock is compatible with a particular track gauge. The extensive use of gauge measurement system to check this compatibility makes it the largest segment.

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Market Leader - Automated Passenger Counting and Information System Market

Automated passenger counting systems are used to count the number of boarding and alighting passengers on transit vehicles such as buses, trains, and ferry boats. Automated passenger counting systems help transit operators to analyze the traveling pattern of the passengers to schedule the route and time of the vehicle. It also helps to improve the transit services and operational efficiency of the service providers. The automated passenger counting system market was valued at USD 105.3 Million in 2016 and is expected to reach USD 298.0 Million by 2022, growing at a CAGR of 18.6% between 2017 and 2022.

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The passenger information systems provide real-time information such as expected arrival and departure time, schedules, infotainment content, advertisements, and so on. PIS helps improve the traveling experience of passengers and the quality of the transit services, encouraging passengers to use these transit services. The passenger information system market was valued at USD 3.71 Billion in 2016 and is expected to reach USD 11.34 Billion by 2022, at a CAGR of 19.9% between 2017 and 2022.

The growth of the automated passenger counting and information system market is propelled by factors such as the advantages offered by APC to transit operators in optimizing operational cost, increasing demand for real-time transit information, rising adoption of advanced solutions in the transport sector, and government regulations such as requirement of ridership data from transit operators on a regular basis. 

The key strategies adopted by major players in the automated passenger counting and information system market include agreements, contracts, collaborations, and partnerships. Companies such as Iris-GmbH (Germany), init innovation in traffic systems AG (Germany), Trapeze Group (Canada), Syncromatics Corp. (U.S.), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd. (China), and Siemens AG (Germany) are the major companies that adopted these strategies.

Iris GmbH (Germany) is one of the leading players in the automated passenger counting systems market. Iris-GmbH designs, develops, produces, and installs opto-electronic sensors in vehicles for passenger counting. The company uses the time-of-flight technology to develop devices. The IRMA series of devices produced by the company are widely used in the passenger counting market. In September 2016, the company added new features to its IRMA MATRIX, an advanced and revolutionary device which uses ToF technology for counting passengers with high accuracy.

In 2016, the company established a new office in Atlanta (U.S.) to serve the growing demand from the North American automated passenger counting system market.

HELLA Aglaia Mobile Vision GmbH (Germany) is one of the prominent players in the automated passenger counting system market, offering 3D sensing products for the transport industry. High accuracy, easy installation, and real-time data access are some of the features of the passenger counters offered by this company.

In September 2016, the company launched APS-R-PoE, an advanced passenger counter specially designed to meet the requirements of the railway industry. The device is capable of bi-directional counting, occupancy monitoring, internal data storage memory, and video recording for verification. The device uses 3D stereo vision technology for counting with over 98% accuracy.

The other companies involved in the automated passenger counting and information system market include Eurotech S.p.A. (Italy), DILAX Intelcom GmbH (Germany), Infodev Electronic Designers International Inc. (Canada), Cisco Systems, Inc. (U.S.) Siemens AG (Germany), Hitachi, Ltd. (Japan), Huawei Technology Co., Ltd. (China), init innovation in traffic systems AG (Germany), Clever Devices Ltd. (U.S.), Retail Sensing Ltd. (U.K.), Syncromatics Corp. (U.S.), and Trapeze Group (Canada).

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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.

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Track Geometry Measurement System Market estimated to reach 3.51 Billion USD by 2022

According to the MarketsandMarkets forecast, the track geometry measurement system (TGMS) market is expected be worth USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022. The major drivers for the market include increasing need for safety and security in railway transport and growing railway networks and metro lines. In addition, deployment of intelligent and cost-effective techniques in railway drive the growth of this market.

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The scope of this report covers the track geometry measurement system market on the basis of measurement type (track gauge, twist, and others), operation type (no contact and contact), railway type (high speed, mass transit, heavy haul, light), and component, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the track geometry measurement system market.

High-speed railways to lead the overall market

The market for high-speed railways is expected to hold the largest share of the overall market and projected to grow at the highest CAGR between 2016 and 2022. These rails are mostly intended for passenger travel and are considered as one of the safest modes of transportation. The high-speed railway projects have been progressing rapidly worldwide in recent years, creating opportunities for the TGMS market. This is proven to be an efficient transportation mode and stimulate further economic growth by connecting major cities.

The market for gauge measurement systems held the largest share in 2015

The gauge measurement type has a major foothold in the track geometry measurement system market. Track gauges actually vary by country and sometimes within countries as well. Gauge measurement is a basic and key parameter for track geometry measurement to avoid derailment as it decides which rolling stock is compatible with a particular track gauge. The extensive use of gauge measurement system to check this compatibility makes it the largest segment.

APAC held the largest share of the track geometry measurement system market in 2015

APAC held the largest share of the track geometry measurement system market in 2015 because of various railway developments in the countries such as China, Australia, and India, among others. China is the major contributor for this region. As of 2015, China has the world's longest high-speed railway network. In addition, the rapid expansions in metro systems in the countries such as India and Australia are creating growth prospects in this region.

Some of the major players in this market are Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), Egis (France), Plasser & Theurer (Austria), MRX Technologies (Australia), R. Bance & Co., Ltd. (U.K.), Bentley Systems, Inc. (U.S.), and Goldschmidt Thermit Group (Germany), among others.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

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Traction Transformer (Onboard) Market projected to be worth 724.2 Million USD by 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 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 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.

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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.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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. 

M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Attractive Opportunities in the Track Geometry Measurement System Market

According to the MarketsandMarkets forecast, the track geometry measurement system (TGMS) market is expected be worth USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022. The major drivers for the market include increasing need for safety and security in railway transport and growing railway networks and metro lines. In addition, deployment of intelligent and cost-effective techniques in railway drive the growth of this market.

Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownload.asp?id=31376329

 

The scope of this report covers the track geometry measurement system market on the basis of measurement type (track gauge, twist, and others), operation type (no contact and contact), railway type (high speed, mass transit, heavy haul, light), and component, and geography. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the track geometry measurement system market.

The market for track gauge measurement type is estimated to hold the largest share of the track geometry measurement system market in 2015. All passenger rail types, including high-speed or light and freight rails on a particular network, must have wheelsets that are compatible with the track gauge to avoid derailment; hence, track gauge is a very important parameter during track geometry measurement. Track gauges generally vary by country and sometimes within countries as well.

Data control and management is a sensitive issue for the track geometry measurement system market; hence, protection of this data generated by various measuring devices may be a key challenge for said market. The major vendors in this market are Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), Egis (France), Plasser & Theurer (Austria), MRX Technologies (Australia), R. Bance & Co., Ltd. (U.K.), Bentley Systems, Inc. (U.S.), and Goldschmidt Thermit Group (Germany), among others. These players adopted various strategies such as contracts, new product/technolgy launches and developments, acquisitions, partnerships, and business expansions to cater to the needs of the market.

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APAC held the largest share of the track geometry measurement system market in 2015 because of various railway developments in the countries such as China, Australia, and India, among others. China is the major contributor for this region. As of 2015, China has the world's longest high-speed railway network. In addition, the rapid expansions in metro systems in the countries such as India and Australia are creating growth prospects in this region.

About MarketsandMarkets

 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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. 

M&M’s flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com