Global Traction Transformer market 2015-2019
About Traction Transformer
A traction transformer is a major equipment in the electric traction system of trains, which is powered by electricity. It forms the most integral part of the electric traction system and helps in the smooth movement of motors such as locomotives, high-speed trains, and trams. Traction transformer is used to bring down the voltage from the overhead electric line, i.e., 15/25 kV to the desired voltage level, i.e., 0.7/1.5 kV for the traction converters in electric trains. For over a century now, these transformers have been used in railway traction. It is considered to be the best alternative to the conventional fossil-fuel*based traction systems.
Technavio's analysts forecast the global traction transformers market to grow at a CAGR of 7.62% over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global traction transformers market during the period 2015-2019. For ascertaining the market size and vendor share, the report considers revenue generated from the sales of traction transformers.
Technavio's report, the Global Traction Transformers Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Traction Transformers Market 2015-2019
Technavio recognizes the following companies as the key players in the global traction transformers market: ABB, Alstom, GE, Mitsubishi Electric and Siemens
Other Prominent Vendors in the market are: CSR, Emco, Hitachi Plant Technologies, Hyundai Rotem, JST Transformateurs, Mitsubishi Electric, Schneider Electric, Setrans Holding and Skoda Holding
Commenting on the report, an analyst from Technavio’s team said: “Vendors are in the process of manufacture more efficient traction transformers to differentiate their products from competitors. For instance, ABB, a major player in the global traction transformer market, has developed a traction transformer, PETT, which uses power electronics instead of the conventional inverter and transformer combination. This makes it more energy efficient compared to conventional transformers. Many other vendors are shifting their focus to lighter, smaller, and more efficient transformers.”
According to the report, the developing countries in APAC, namely China and India, are increasingly investing in high-speed rail networks. China has managed to keep its growing population and economy connected via high-speed rail networks. In fact, China's is the largest rail network in the world with an estimated coverage of 19,000 Km in 2014, connecting about 200 million people in the country. India, as of now, is yet to get its high-speed rail networks. The present government has planned investments to develop about 2,000 km of high-speed railways by 2020. These developments entail great potential for the overall growth of the traction transformer market.
Further, the report states that international vendors such as ABB and Siemens are facing tough challenges from local vendors in emerging economies, such as India, China, and Brazil.
ABB, Alstom, GE, Mitsubishi Electric, Siemens, CSR, Emco, Hitachi Plant Technologies, Hyundai Rotem, JST Transformateurs, Mitsubishi Electric, Schneider Electric, Setrans Holding, Skoda Holding