Rail Traction Transformers Market Size (Value & Volume), Future Trends, Opportunities and Sales Channels, Forecast 2027

The study of the "Rail Traction Transformers Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027" provides the market size information and market trends along with the factors and parameters impacting it in both short and long term.

The objectives of this study are as follows:

• To define, describe, and forecast the " Rail Traction Transformers" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

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Traction transformers are the major components in a traction chain. A rail traction transformer is an equipment in the electric traction system of trains, which is powered by electricity. Traction transformers affect both train performance as well as operator services. Rail traction transformers find applications in tram-trains, metros, locomotives, high-speed trains, commuter and regional trains, among others. It is installed in the machine room of the train, under the floor or on the roof according to the requirement, providing maximum reliability and flexibility, whether in single or in multiple phase system. Traditional transformers are heavier and cause noise pollution and power loss. Whereas, the rail traction transformers have a lesser operating cost, which will lead to low running cost of locomotive, and are also comparatively  lightweight and can provide high power, making them ideal substitutes for conventional traction systems. Also, the rail traction transformers are not dependent on conventional energy sources such as crude oil. Moreover, the rail traction transformers cause lesser noise pollution as compared to traditional transformers.

Rail Traction Transformers Market:Market Dynamics
Implementation of electric traction technology in railways to decrease operational cost of locomotives and for the improvement of transportation system is the main driver that contributes to the growth of rail traction transformers market. Also, growth in the high-speed rail sector is also expected to drive the market of rail traction transformers significantly. Moreover, government funding to improve the transportation facilities will impact the rail traction transformer market positively. Rapid technological advancement coupled with growing rail transport market are expected to favourably impact the market growth. Moreover, growing environmental concern will also impact the global rail traction transformers market positively in the forecast period. However, the presence of alternatives such as conventional transformers can act as restraints to this market.
All the electricity driven vehicles running on railways, which include high-speed train, monorails, trams, trolleybuses, wagon and metro trains, are using this equipment. This trend in the global rail traction transformers market is expected to create immense opportunity and growth during the forecast period.

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Rail Traction Transformers Market:Market Segmentation
• Segmentation ofrail traction transformers market can be doneon the basis of position of mounting as follows:
◦ On the roof
◦ Under the floor
◦ Machine room
• Segmentation of rail traction transformers market can be doneon the basis of voltage network as follows:
◦ AC transformer (alternative current systems)
◦ DC transformer (direct current systems)
• Segmentation of rail traction transformers market can be doneon the basis of voltage network as follows:
◦ Rectifier transformers
◦ Tap-changing transformer

Rail Traction Transformers Market: Regional Outlook
Europe holds a significant share in the global rail traction transformers market in terms of revenue. The rail traction transformers market in Asia Pacific and North America is expected to grow at a substantial rate over the forecast period. Growth in Asia-Pacific rail traction transformers market is mainly due to the rapid growth in the railways sector. Furthermore, increase in investment for development of new lines and expansion of the existing railway network in countries such as India and China will bolster the rail traction transformers market. The growth in the rail traction transformers market in North America is chiefly due to the government support and funding in the field of development and implementation of high-speed trains. Rest of the world market is estimated to account for a relatively small share of the rail traction transformers market.

Rail Traction Transformers Market: Market Participants
Some of the examples of the market participants in the global rail traction transformers market, identified across the value chain are:
• Alstom SA. (France)
• ABB Ltd. (Switzerland)
• Mitsubishi Electric Corporation (Japan)
• Emco Ltd. (India)
• Hind Rectifiers Ltd. (India)
• JST Transformateurs (France)
• International Electric Co. Ltd. (Korea)
• Siemens AG (Germany)
• Wilson Transformer Company (Australia)
• Setrans Holding AS (France)
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
• Tailwinds and headwinds molding the market’s trajectory
• Market segments based on products, technology, and applications
• Prospects of each segment
• Overall current and possible future size of the market
• Growth pace of the market
• Competitive landscape and key players’ strategies
The main aim of the report is to:
• Enable key stakeholder’s in the market bet right on it
• Understand the opportunities and pitfalls awaiting them
• Assess the overall growth scope in the near term
• Strategize effectively with respect to production and distribution
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