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New report: Global traction transformer (onboard) market projected to grow at a CAGR of 4.8% by 2024

Energy Market Research

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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Global Traction Transformer (Onboard) Marketaccounted 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.

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Market Definition: Global Traction Transformer (Onboard) Market

Traction transformer (onboard) 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.

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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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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.

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Some of the major players operating in this market are

  • ABB
  • Siemens AG
  • Mitsubishi Electric Corporation
  • International Electric Co., Ltd.
  • EMCO Limited
  • JST Transformateurs
  • Wilson Transformer Company
  • Hind Rectifiers Limited
  • among others

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