Traction Transformer Market Insights, Growth And Forecast Till 2031 | TMR Study

Analysts at Transparency Market Research opine that 2020 was supposed to be the semiconductor industry's year of recovery after a series of merger & acquisition (M&A) deal made in 2019. However, the COVID-19 crisis has greatly influenced business decisions, thus affecting many M&A deals. Nevertheless, companies in the traction transformer market are taking data-driven decisions before entering into mergers and acquisitions.

Companies in the traction transformer market are focusing on positive or limited negative sectors such as high-speed commuter & regional applications, trains, and electric locomotives to keep the economies running. Mission-critical projects related to engineering and infrastructure are creating income sources for market stakeholders. Companies are rethinking supply networks and diversifying their supply chains to avoid putting all eggs in one geographical basket.

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Traction Transformers Fueling Demand for Electrical Insulation Composite Materials

The traction transformer market is projected to advance at a CAGR of 5.2% during the forecast period. This is evident since there is a need of special components for traction transformers. Elektro-Isola - a materials company in Vejle, Denmark, is capitalizing on this opportunity to provide electromechanical composite materials for traction transformers in the range of Etronit, Etronax, and G-Etronax, respectively.

There is a demand for electrical insulation composite materials in the traction transformer market based on paper and glass materials. Excellent electrotechnical properties of these materials play a crucial role in the production of traction transformer components.

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Custom-made Solutions Grow Prominent in Traction Transformers Used in Trains

Traction transformers are critical components in the traction chain, affecting both train performance and operator services. Hitachi ABB Power Grids - a global pioneer in power technologies, is being recognized for its comprehensive portfolio of traction transformers that are being extensively used in tram trains, AC metros and high speed, commuter & regional trains.

Engineers are looking for companies with decades of experience in the field of traction transformers. In order to boost credibility, companies in the traction transformer market are offering custom-made solutions to withstand physical and operating constraints. The burgeoning growth of the high-speed rail sector is creating revenue opportunities for semiconductor companies. The total weight of transformers is a crucial factor in the development of high-speed trains.

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Preference for Maximum Reliability and Economic Efficiency in Railway Transformers

The traction transformer market is predicted to mature from a revenue of US$ 1.08 Bn in 2020 and reach US$ 1.87 Bn by 2031. There is a demand for customized and state-of-the-art railway transformers. Siemens Energy- a multinational energy technology company, is increasing efforts to meet this demand to offer maximum reliability, economic efficiency, and safety in railway transformers.

Manufacturers in the traction transformer market are designing single-phase and multi-phase units for rail operators and train manufacturers. Companies are maintaining a stellar track record by establishing a refined system for global logistics and by adhering to internationally binding quality standards.

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Next-gen Traction Transformers Increasingly Replacing Traditional Fan-based Cooling Systems

Compact, lightweight, and exceptionally reliable traction transformers are being preferred for locomotives. Manufacturers in the traction transformer market are increasing their R&D capabilities to engineer units that help to withstand harsh and demanding environments. Traction transformers for locomotives are being designed to power heavy freight loads over long distances and on tracks with many challenges such as excessive wear, steep profiles, and short curve radii, among others.

Stakeholders in the traction transformer market are providing high level technical experience that facilitates the delivery of traction transformer technology regardless of the constraints faced by commuter train suppliers.

On the other hand, natural and sustainable cooling systems are gaining popularity in traction transformers that optimize cost and improves reliability. Constant innovation and technological enhancement is necessary in the field of traction transformers. Next-gen traction transformers are increasingly replacing traditional fan-based cooling systems by offering a natural and sustainable airflow of the trains' motion.

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