Traction Transformer Market Research Report: Information by Mounting Position (Underframe, Machine Room, & Roof), Overhead Line Voltage (AC & DC) Rolling Stock (Electric Locomotives, High-Speed Trains, & Metros), and Region – Forecast till 2023
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Market Highlights
Traction transformer is an important component which is designed to transform power from the locomotives overhead power which is delivered to the electric motors. As a result, motors turn the wheels of the locomotive. These transformers are generally available in the range of up to 7500 kVA, 25 kV class and are designed according to railway system and said parameters. These transformers are especially designed for very harsh environment and are used for heavy freight loads over long distances of more than 1,000 km. The major application areas for traction transformer include high-speed trains, electrical multiple unit, and double-decker electrical multiple units, among others.
Traction transformer is an electrical device that transforms energy from one circuit to another. It feeds power to the traction motor. It acts as an integral part of traction system in rolling stock such as locomotives, high speed trains, and metro trains, among others. The traction transformer system is divided into two categories such as AC traction transformer and DC traction transformer.
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Competitive Dashboard
The key players of Global Traction Transformer 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.
Segmental Overview
Global traction transformer market 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.
Regional Outlook
Region wise, Asia Pacific held the largest market share of the Global Traction Transformer Market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising population leading to increased connectivity across the region. Moreover, the increasing investment in high-speed rail network, development of new lines, and expansion of existing rail networks are driving the demand for traction transformers in this region.
TABLE OF CONTENTS
Executive Summary
Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
Research Methodology
3.1. Primary Research
3.2. Secondary Research
3.3. Market Size Estimation
3.4. Forecast Model
3.5. List Of Assumptions
Market Dynamics
4.1. Drivers
4.1.1. Shift Towards Low Carbon Rail Transport
4.1.2. Significant Government Funding For Rail Infrastructure Development
4.1.3. Liberalization Of Rail Transport Network
4.1.4. Growing Demand For Energy-Efficient Transformer
4.2. Restraints
4.2.1. Dominance Of Diesel-Powered Rail Engines In Certain Countries
4.3. Opportunities
4.3.1. Electrification Of Rail Networks
4.3.2. Growing Focus On Electric Vehicles
4.4. Porter’s Five Forces Analysis
4.4.1. Threat Of New Entrants
4.4.2. Bargaining Power Of Buyers
4.4.3. Bargaining Power Of Suppliers
4.4.4. Threat Of Substitutes
4.4.5. Intensity Of Rivalry
4.5. Value Chain/Supply Chain Analysis
Continue…
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