The Global Traction Transformer Market is projected to grow at a moderate rate during the forecast period, mainly due to growing power sector and increasing power generation capacities across the globe. For instance, global installed power capacity reached 6,437 GW in 2016 with growth rate of 4.1%. Also, significant development being made in Asian countries such as China and India including the increasing use of coal resources has driven the growth of traction transformers used in the power sector.
Global Traction Transformer Market is expected to witness a moderate growth rate during the forecast period owing to significant government funding for rail infrastructure development and liberalization of rail transport network. For instance, in February 2018, BNSF (US) invested USD 3.3 billion in network expansion. Moreover, Ford Co would double its electrical vehicle spending and invest USD 90 billion. China is estimated to be the leading market for electric vehicles. The sales of plug-in hybrids in China are projected to reach 12.43 million cars by 2035.
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The key players of the 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.
Global traction transformer 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.
Table Of Contents
1. Executive Summary
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
3. Research Methodology
3.1. Primary Research
3.2. Secondary Research
3.3. Market Size Estimation
3.4. Forecast Model
3.5. List Of Assumptions
4. Market Dynamics
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
4.2.1. Dominance Of Diesel-Powered Rail Engines In Certain Countries
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
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