Press release
Traction Transformer Market is estimated to grow at a CAGR of 5.84% during 2017 to 2022 ABB, Alstom, Siemens AG, Avago Technologies Ltd., SIEMENS, GE-Alstom, China XD Group, Sunlight Electric, Dachi Electric
According to our research report, the Traction Transformer Market is estimated to be USD 1508 Million in 2017 and is projected to reach USD 1758 Million by 2022, at a CAGR of 5.84% from 2017 to 2022.
Traction Transformer Market Overview:
The traction transformer is an electrical device used in the design and manufacture of the system rail. It transfers energy from one circuit to another by electromagnetic induction. It replaced the traction system operated by fossil fuels several years ago. It is an integral part of the electric traction system.
Browse details of 118 numbers of pages research report developed on Traction Transformer Market @ https://www.researchcosmos.com/reports/traction-transformer-market-report-2017-global-industry-analysis-trends-and-market-overview/89576855
Traction Transformer Market Growth Drivers and Restraints:
Congestion due to heavy traffic is one of the main drivers of this market. People are turning to the airways to save time and reach their destination. Thus, in order to facilitate the regularity of the railway system, the government has launched projects for the construction of high-speed trains. In addition, supportive government initiatives, including the implementation of various policies, the funding of high-speed locomotives and the development of safer rail technologies, are leading to positive developments in the global rail infrastructure sector. The increase in spending on comfortable and convenient travel also encourages several rail infrastructure developments around the world.It is likely that these transformations will lead to increased demand for traction transformers in the coming years.
Some of the factors that limit the market are voltage drop or performance degradation, which hampers the proper operation of the transformer system.
The substitution of the usual components for electric energy technology because of new technological advances in the market is an opportunity for this market. This change is called the "fourth revolution" in traction technology.
The tapping type of the market is more profitable compared to the rest of the types of traction market. These electrical transformers have a high efficiency of electric motors that convert kinetic energy into a regenerative braking system. This demand is increasing with increasing applications in electric locomotives, high-speed trains, trams and multiple electrical units.
Traction Transformer Market Regional Analysis:
Europe and Asia-Pacific together accounted for more than 60.0% of total revenues. The European market is mature, with the rapid implementation of most of the recent technological advances seen in rail traction systems. It is estimated that the demand for APAC will increase dramatically in value over the forecast years. This growth can be attributed to increased public investment and favorable regulations aimed at establishing an advanced rail infrastructure in the region. Countries such as Japan, Switzerland, Belgium and the Netherlands are at the forefront of the implementation of fast-transit urban electrified rail systems.
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Traction Transformer Market Key Players:
Some of the leading key players are ABB, Alstom, Siemens AG, Avago Technologies Ltd., SIEMENS, GE-Alstom, China XD Group, Sunlight Electric, Dachi Electric.
Traction Transformer Market Segmentation:
Type
• Dry-type Traction Transformer
• Oil-immersed Traction Transformer
Application
• Railways
• Urban Transportation
Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and America
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Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
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www.researchcosmos.com
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