September 26, 2019

Global Traction Transformer Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2025

As per the report published by Fior Markets,The global traction transformer market is expected to grow from USD 670.32 Million in 2017 to USD 1,050.61 Million by 2025 at a CAGR of 5.8% during the forecast period from 2019-2025.Asia- Pacific is dominating the market as the number of trains are rising day by day so as t6o provide better transportation facility. Also, high 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.

Traction Transformer Market by Rolling Stock (Electric Locomotives, High-speed Trains, Metros), Mounting Position (Underframe, Others), Overhead Line Voltage, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2025.

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Leading companies in the industry include ABB, Mitsubishi Electric Corporation, Alstom, Siemens AG, Avago technologies ltd,AltrafoTrasformatoriamong otherswhichare offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in September 2016, ABB Ltd, launched its next-generation traction transformer named Effilight, designed to reduce the weight of on-board components and ensure more energy-efficient rail networks.

The rolling stock segment is classified electric locomotives, high-speed trains, and metros. The electric locomotives segment is dominating the traction transformer market and valued around USD 323.76 Million in 2017. The growing number of population, rising demand for rail transportation, and increasing preference for moving goods by rail over road transportation are deriving growth of the segment. Mounting position segment is divided into segments such as underframe, machine room, and roof. The underframe mounting segment is dominating the market with the highest share of 46.90% in 2017. Increased space and high comfortability level for passengers are influencing the growth of the segment. Overhead line voltage segment includes AC and DC. The AC segment is dominating the traction transformer market and valued around USD 410.23 Million in 2017. Most of the electric traction systems are equipped with AC overhead lines because of the advantage of low power losses over long distance travel.

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Liberalization of the rail transport network is one of the driving force. Also, the rapid pace of development of rail infrastructure in a number of countries across the globe is fuelling the growth of the market. Supportive government initiatives emphasize implementation of this equipment which strengthens operational capabilities of railway infrastructure. But the cost of electrification is high hamper the growth of the market. However, electrification of rail networks should drive the industry growth in the coming years.

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