Traction Transformer Market Future Outlook To 2023 Focusing on Top Business Players are Wilson Transformer Company, EMCO Ltd, Mitsubishi Electric Corp, Alstom SA, Sunten Electric

Traction transformer is one of the most vital components of an electric traction system as it feeds power at safe voltages to essential train functions like traction, heating and ventilation, lighting, brakes, signalling and communication. These transformers are majorly used in high speed trains and electric locomotives where a very high-power rating of over 5.5 MVA is required. Traction transformer is an electrical device that transforms power from one circuit to another. The global traction transformer market is estimated to expand at 5.00% CAGR during the forecast period.

With advancements in railway infrastructure globally and increasing government investments are thereby driving the market for traction transformer over the forecast period. In addition, shift to traction transformers in order to address environmental concerns due to their inherent properties including higher power to weight ratio, low running cost of locomotives, less noise pollution and lack of dependence of crude oil, is also expected to drive the market over the forecast period

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Industry Segmentation

Global traction transformer has been segmented based on mounting position, overhead line voltage, and rolling stock.

Based on rolling stock, the market has been classified into electric locomotives, high-speed trains, and metros. Electric locomotives segment expected to grow at the highest CAGR during the forecast period. The demand for electric locomotives is increasing in order to reduce the emissions and to increase efficiency of the vehicles by decreasing the dependence on internal combustion engines. This will drive the market for traction transformer that are used in electric locomotives/vehicles.

The traction transformer market has been segmented based on mounting position into underframe, machine room, and roof. Among these types, underframe is the fastest growing segment in the traction transformer market as it provides increased space for passenger capacity and improved comfort level of passengers.

Prominent Market Players

The prominent players of the global traction tran market are Wilson Transformer Company (Australia), International Electric Co., Ltd. (South Korea), EMCO Limited (India), Mitsubishi Electric Corporation (Japan), Alstom SA (France), ABB Ltd (Switzerland), JST Transformateurs (France), Siemens AG (Germany), Sunten Electric (China), and Setrans Holding AS (France), among others.

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List of Tables

Table 1 Global Traction Transformer Market: By Region, 2018–2023

Table 2 North America: Traction Transformer Market: By Country, 2018–2023

Table 3 Europe Traction Transformer Market: By Country, 2018–2023

Table 4 Asia-Pacific Traction Transformer Market: By Country, 2018–2023

Table 5 Middle East & Africa Traction Transformer Market: By Country, 2018–2023

Table 6 South America Traction Transformer Market: By Country, 2018–2023

Table 7 Global Traction Transformer Market, By Mounting Position, By Regions, 2018–2023

Table 8 North America: Traction Transformer Market, By Mounting Position, By Country, 2018–2023

Table 9 Europe Traction Transformer Market, By Mounting Position, By Country, 2018–2023

Table 10 Asia-Pacific Traction Transformer Market By Mounting Position, By Country, 2018–2023

Table 11 Middle East & Africa Traction Transformer Market By Mounting Position, By Country, 2018–2023

Table 12 South America Traction Transformer Market By Mounting Position, By Country, 2018–2023

Table 13 Global Traction Transformer Market, By Overhead Line Voltage, By Regions, 2018–2023

Table 14 North America: Traction Transformer Market By Overhead Line Voltage: By Country, 2018–2023

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