Global Traction Transformers Market Overview A traction transformer is generally used in the railway industry for powering the electric locomotives. Traction transformers aid in the conversion of electric power, that is supplied by the power company, into an appropriate voltage for powering the traction motors of the engine and other auxiliaries. The traction transformers convert high voltage AC to low voltage DC, which is fed to the rectifier and run the DC traction motors. The global traction transformers market is anticipated to upscale at a fast pace during the forecast period, as per the experts at Market Research Future (MRFR). The global traction transformer market is mainly driven by the growth of intracity railway infrastructure and an upgradation noted in electrical systems in rolling stocks. An array of developments in transport systems, buses, trains, cars, and motorbikes are expected to be integrated in public transport now. However, currently, owing to the upscaling awareness among the consumers towards climate change and growing levels of carbon emissions has made commuters choose public transport over private transport. Trains are 2 to 5 times more energy efficient, as compared to road transport, inland shipping, as well as aviation, as it is one of the most popular means for passenger commute. All these factors are expected to contribute heavily to the mounting traction transformer market development in the forthcoming years. Market Segmentation The global traction transformer market is studied for a unique segmentation that is based on type, overhead line voltage, mounting position, rolling stock, and region. Based on type, the global traction transformer market is segmented into rectifier and tap changing. Based on overhead line voltage, the global traction transformer market is segmented into AC system and DC system. Based on mounting position, the global traction transformer market is segmented into machine room, underframe, and roof. Based on rolling stock, the global traction transformer market is segmented into high-speed trains, metros, and electric locomotives Detailed Regional Analysis Based on geography, the global traction transformer market is segmented into the regions of North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Among these regional segments, the APAC market for traction transformers is expected to be one of the most significant regions and has been witnessing an increased demand for public transport with the rise in population and the technological advancements in transport and infrastructure industry. This factor is expected to be the primary contributor to the growth of the traction transformer market. Apart from this, technological advancements in the transport and infrastructure industry is also expected to drive the regional traction transformer market over the forecast period. The International Association of Public Transport Statistics Report, in 2018, concluded that there are approximately 26,690 million passengers travelling using railways every year in Asia Pacific. In addition, the Asia Development Bank recently noted that the APAC region requires an approximate investment of 2.5 trillion in the transportation sector which includes the development of roads, rails, and highways during the forecast period of 2010-2020. In 2019, South Australian
Government resumed the operation of trams service in the upgraded section of trams lines Botanic Gardens and South Terrace to meet the upscaling demand for public transport in Australia. Such developments are also expected to supplement the growth noted in the APAC traction transformer market over the forecast period. Key Players Some prominent players present in the global traction transformer market, as profiled in the latest MRFR analysis include ABB (Switzerland), Siemens (Germany), Toshiba Corporation (Japan), Mitsubishi Electric Corporation (Japan), Altrafo Srl (Italy), Emco Limited (India), Alstom (France), JST Group (France), International Electric Co Ltd (South Korea), Schneider Electric (France), Hind Rectifiers Limited (India), CG Power and Industrial Solutions Limited (India), and WEG (Brazil). About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. Contact: Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com