+44 (0) 20 7549 9987 | USA callers: +1 212 220 8419

Contact Us Now

“Traction Transformer market to offer promising growth opportunities through the forecast period says” Visiongain report

23 July 2019

Visiongain has launched a new report Traction Transformer Market Report 2019-2029: Forecasts by Systems (Alternating Current Systems, Direct Current Systems), by Application (Electric Locomotives, Metros, High Speed Trains) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.

The global traction transformer market is expected to present promising growth prospects over the forecast period. Advancements in railway infrastructure, growing demand for faster commuting means, and favorable governmental initiatives are expected to drive the traction transformer market through the forward period. However, some of the factors that may hinder the market growth are inadequate power supply and performance degradation or voltage drops.

Traction transformer is an electronic tool that is used to design and manufacture the railway system. The device enables the transfer of energy through electromagnetic induction from one circuit to another. Traction transformers are an integral part of the electric traction system that substituted the old traction system run by fossil fuels. On the basis of systems, the traction transformers can be divided into two segments, AC (alternative current) systems and DC (direct current) systems. On the basis of applications, the market is segmented by electric locomotives, metros, high speed trains, and others. These devices are manufactured using raw materials that are non-flammable as well as high temperature and vibration resistant. This is due to the fact that traction transformers have to deal with dynamic working and climatic conditions across the globe. Such complex requirements and design standards for railway power supply systems may pose as an impediment for the traction transformer market growth. However, rapid electrification of railway networks, rising number of passengers, and increased adoption of diesel and electric high speed trains, trams, and locomotives will propel the market growth over the forecast period.

Some of the key players operating in the market include ABB, Siemens, Alstom, JST Transformateurs, Hind Rectifiers Limited, International Electric Co, Ltd, Mitsubishi Electric Corporation, Schneider Electric, Wilson Transformer Company, Grid Solutions (General Electric), Setrans Holding AS, and EMCO Limited. These companies are adopting strategic initiatives such as entering into public-private partnerships to gain competitive advantage and to develop of railway infrastructure around the world.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, Semiconductor, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes Printed Electronics Market Report 2023-2033

The global Printed Electronics market was valued at US$9.94 million in 2022 and is projected to grow at a CAGR of 15.5% during the forecast period 2023-2033.

27 March 2023


Visiongain Publishes Smart TV Market Report 2023-2033

The global Smart TV market was valued at US$224 billion in 2022 and is projected to grow at a CAGR of 10.9% during the forecast period 2023-2033. And in terms of volume the market is projected to reach 320.4 million units by 2033.

08 March 2023


Visiongain Publishes Smart Manufacturing Market Report 2023-2033

The global Smart Manufacturing market was valued at US$97.81 billion in 2022 and is projected to grow at a CAGR of 14.7% during the forecast period 2023-2033.

24 January 2023


Visiongain Publishes Smart Sensors Market Report 2023-2033

The global Smart Sensors market was valued at US$57.77 billion in 2022 and is projected to grow at a CAGR of 20.5% during the forecast period 2023-2033.

23 December 2022