Traction Transformer Market Scenario:
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. 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.
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. 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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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.
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.
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.
Scope of the Report:
This report provides an in-depth analysis of the Global Traction Transformer Market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Traction Transformer Market by its mounting position, overhead line voltage, rolling stock, and region.
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
List Of Tables
Table 1 Global Traction Transformer Market: By Region, 2018–2023
Table 2 North America: Traction Transformer Market: By Country, 2018–2023
Table 3 Europe Traction Transformer Market: By Country, 2018–2023
Table 4 Asia-Pacific Traction Transformer Market: By Country, 2018–2023
Table 5 Middle East & Africa Traction Transformer Market: By Country, 2018–2023
List Of Figures
Figure 1 Research Process Of MRFR
Figure 2 Top-Down & Bottom-Up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
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