Press release
Traction Transformer Market Buoyed by ABB’s $75 Million Brazilian Deal in Brazil
A traction transformer can be described as an electrical device which plays an integral role in the creation of the railway system. A traction transformer, one of the types of a power transformer, utilizes the principles of electromagnetic induction to transmit energy through circuits. This type of industrial transformer gradually replaced the system of burning fossil fuels several years ago.The years of development undertaken by the Traction Transformer Market have led to the DC transformer being used to enable smooth operation of locomotive or train motors. Since the burden of maintaining a transmission system is huge, the traction transformer has been designed to withstand high stress, vibration and shock. Thus, the Traction Transformer Market is well placed to register significant growth during the forecast period of 2016-2021.
Scope & Regional Forecast of the Traction Transformer Market
The Traction Transformer Market has ensured that electrical output of a traction transformer depends on the application. Hence, the voltage range for a high speed train is higher than the average locomotive. The quality checks undertaken by transformer manufacturers ensure that that performance and reliability are of the highest standards. Other benefits of the latest transformer technologies include a reduction in operating costs and an extension of the product life-cycle.
The Traction Transformer Market considers the primary growth drivers to be a few factors like: rapidly congested roads leading to gigantic traffic jams; and government initiatives to encourage the setting up of high-speed trains to connect busy urban points. The latest evolution of transformer technologies includes the phasing out of traditional components only to be replaced by their power electric brethren.
The Traction Transformer Market is currently dominated by demand originating from Europe owing to its rail electrification requirements. The same can’t be said of the U.S. as rail electrification has a very low adoption rate in the region. There is tremendous growth potential for the traction transformer in the U.S. due to this very reason. Meanwhile, Asia-Pacific’s high population density dictates that the region will soon transform into a very valuable emerging market. Currently, the tapped traction transformer holds the highest market share in the Traction Transformer Market.
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Segmentations & Key Players Involved in the Traction Transformer Market
According to IndustryARC findings, the Traction Transformer Market can be broken down into various segmentations on the basis of –
Type: Tap Changing, Tapped and Rectifier.
Rolling Stock: High-Speed Trains, Electric Locomotive, Electrical Multiple Units (EMUS) and Trams.
Voltage Network: AC and DC.
Geographical Location: Europe, Asia-Pacific, North America and Rest of the World.
Some of the key players involved in the Traction Transformer Market according to IndustryARC are as follows:
Altrafo Trasformatori
Siemens Transportation
Brush Traction
Skoda Transportation
China Transpowers Electric
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