Fior Markets launched a study titled “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 2018 to 2025.”
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 2018-2025.Rapid pace of development of rail infrastructure in a number of countries across the globe and liberalization of rail transport network are two factor driving the demand
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The electric locomotives segment is dominating the market with the highest share of 48.30% in 2017.
The rolling stock segment is classified electric locomotives, high-speed trains, and metros. The electric locomotives segment is dominating the traction transformer market 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.
The underframe mounting segment valued around USD 314.38 Billion in 2017.
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 in 2017. Increased space and high comfortability level for passengers are influencing the growth of the segment.
The AC segment is dominating the market with the highest share of 61.20% in 2017.
Overhead line voltage segment includes AC and DC. The AC segment is dominating the traction transformer market 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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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa.Asia- Pacific is dominating the market with the highest share of 38.90% in 2017.It is because of 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.
The major players of market include ABB, Mitsubishi Electric Corporation, Alstom, Siemens AG, Avago technologies ltd, AltrafoTrasformatori, Brush Traction, 10+, SPX transformer,EMCO Limited, JST TransformateursHind Rectifiers Limited and Schneider Electric SA..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.
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