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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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.
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Contact:
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630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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
