The global Traction Transformers market is valued at 540 million US$ in 2018 is expected to reach 760 million US$ by the end of 2025, growing at a CAGR of 4.4% during 2019-2025.
Los Angeles, CA -- (SBWIRE) -- 03/26/2019 -- Traction transformer is an electrical device which is used in designing and manufacturing of railway system. It transfers the energy from one circuit to another through electromagnetic induction. It substituted the traction system run by fossil fuels years ago. It acts as an integral part of electric traction system. In terms of technology traction system is divided two major groups, DC (direct current) systems and AC (alternative current) systems
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With advancements in railway infrastructure globally and increasing government investments, thereby driving the market for traction transformer over the forecast period. In addition to this some of the prominent drivers for traction transformer market are factors such as growing use of railways and liberal regulation of railway system. Furthermore, the rapid electrification of rail networks across the globe, demand for traction transformer expected to grow further significantly. On the other hand, factors such as high cost and complex design of the systems may act as a major restraint for the traction transformer market.
The growth of high-speed rail networks in developing economies is one of the primary growth factors for this market. The major developing economies in APAC, namely China and India, are increasingly investing in high-speed rail networks. Additionally, large scale projects in the Americas on high-speed rail networks are also underway. The steady growth in high-speed rail networks across the world is expected to fuel the demand for traction transformers.
This report focuses on Traction Transformers volume and value at global level, regional level and company level. From a global perspective, this report represents overall Traction Transformers market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
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Traction Transformers Market Segment by Regions
Traction Transformers Market Segment by Type
Traction Transformers Market Segment by Application
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