Global Traction Transformers Market 2017-2021
About Traction Transformers
Traction transformers are special application transformers that are integral to the electric traction system. It converts the supplied electrical energy into usable electrical energy, to power electric motors within a locomotive engine, high-speed trains, and trams to generate motive force.
Technavio’s analysts forecast the global traction transformers market to grow at a CAGR of 5.74% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global traction transformers market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Traction Transformers Market 2017-2021
Technavio recognizes the following companies as the key players in the global traction transformers market: ABB, ALSTOM, JST transformateurs, Mitsubishi Electric, and Siemens.
Other Prominent Vendors in the market are: ALTRAFO, CRRC, EMCO, Hind Rectifiers, Hitachi, International BEZ Group, International Electric power, KONČAR - Electrical Industry, SETRANS HOLDING, Skoda Transportation and Wabtec Corporation (Brush Traction).
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing inclination toward public transportation. With economic growth, countries are increasing their investments in rail infrastructure projects to provide better public transport services in the form of better connectivity between different cities, increasing the line of operations for inter-city transit, and developing high-speed trains.”
According to the report, one driver in the market is growth in urban mobility solutions. Rapid economic growth has spurred countries to increase their investments in railway infrastructure projects to provide better public transport services. These include increasing the connectivity between cities, line of operations for intercity transit, and high-speed trains. India has invested a huge sum of money in the development of metro and monorail projects to improve public transport connectivity.
Further, the report states that one challenge in the market is lack of private sector participation. Railway systems require huge and ever demanding capital investments; besides this, the regulators and governments must scrutinize every detail regarding the management of the infrastructure, services, and energy regulation, among others. As a result, the railway industry’s freedom to make decisions independently and commercially is much more constrained compared with the other industrial sectors of a country's economy.
ABB, ALSTOM, JST transformateurs, Mitsubishi Electric, Siemens, ALTRAFO, CRRC, EMCO, Hind Rectifiers, Hitachi, International BEZ Group, International Electric power, KONČAR - Electrical Industry, SETRANS HOLDING, Skoda Transportation and Wabtec Corporation (Brush Traction).