Global Traction Transformer (On-board) Market Grow at CAGR of 5.0% Worldwide – Trends and Demand Forecast 2024
Data Bridge Market Research provides new industry report The Global Traction Transformer (On-Board) Market accounted for USD 552.6 million in 2016 and is projected to grow at a CAGR of 4.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Traction Transformer (Onboard) Market By Rolling Stock (Electric Locomotives, High Speed Trains, Metros), Mounting Position (Underframe, Roof, Machine Room), Overhead Line Voltage (AC, DC), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024.
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Traction transformer (on-board) converts the energy into speed which helps in moving the freight, passengers and trains. These are being produced according to the requirement and need of customers.
Major Market Drivers:
- Liberalization of the railway transportation network
- Government funding for the development
- Growing concern towards low carbon emission transport
Major Market Restraints:
- High electrification cost
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Market Segmentation: Global Traction Transformer (On board) Market
- On the basis of Rolling Stock, global traction transformer (onboard) market is segmented into electric locomotives, high speed trains and metros. Electric locomotives are sub segmented into passenger locomotives and freight locomotives.
- On the basis of mounting position, global traction transformer (onboard) market is segmented into Underframe, Roof and Machine Room.
- On the basis of Overhead Line Voltage, global traction transformer (onboard) market is segmented into Alternating Current (AC), Direct Current (DC). AC is further sub segmented into 12kv, 15kv, 20kv and 25kv. DC is further sub segmented into 0.75kv, 1.5kv and 3kv.
- On the basis of geography, the global traction transformer (onboard) market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Traction Transformer (On-board) Market
The global traction transformer (on-board) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
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Major Market Competitors: Global Traction Transformer (Onboard) Market
Some of the major players in global traction transformer (onboard) market include
- ABB,
- Siemens AG,
- ALSTOM,
- Mitsubishi Electric Corporation,
- International Electric Co., Ltd.,
- EMCO Limited,
- JST Transformateurs,
- Wilson Transformer Company,
- Hind Rectifiers Limited
- SETRANS HOLDING among others.
Posted by
Data Bridge Market Research
on Thursday January 18 2018, 7:23 AM EST.
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