The global traction transformer market is estimated to expand at a 5.00% CAGR during the forecast period. Traction transformer is an electrical device that transforms power from one circuit to another. Tt is one of the most vital components of an electric traction system as it feeds power at safe voltages to essential train functions like traction, heating and ventilation, lighting, brakes, signalling and communication. These transformers are majorly used in high speed trains and electric locomotives where a very high-power rating of over 5.5 MVA is required.

With advancements in railway infrastructure globally and increasing government investments are thereby driving the market for traction transformer over the forecast period. In addition, shift to traction transformers in order to address environmental concerns due to their inherent properties including higher power to weight ratio, low running cost of locomotives, less noise pollution and lack of dependence of crude oil, is also expected to drive the market over the forecast period

Get Free Sample Copy of this Report at: https://www.marketresearchfuture.com/sample_request/7024

Segmental Analysis:

Global traction transformer has been segmented based on mounting position, overhead line voltage, and rolling stock. Based on rolling stock, the market has been classified into electric locomotives, high-speed trains, and metros. Electric locomotives segment expected to grow at the highest CAGR during the forecast period. The demand for electric locomotives is increasing in order to reduce the emissions and to increase efficiency of the vehicles by decreasing the dependence on internal combustion engines. This will drive the market for traction transformer that are used in electric locomotives/vehicles.

Access Complete Report @ https://www.marketresearchfuture.com/reports/traction-transformer-market-7024

Regional Outlook:

Asia Pacific held the largest market share of the global traction transformer market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising population leading to increased connectivity across the region. Moreover, the increasing investment in high-speed rail network, development of new lines, and expansion of existing rail networks are driving the demand for traction transformers in this region.

Competitive Dashboard:

The key players of the global traction tran market are Wilson Transformer Company (Australia), International Electric Co., Ltd. (South Korea), EMCO Limited (India), Mitsubishi Electric Corporation (Japan), Alstom SA (France), ABB Ltd (Switzerland), JST Transformateurs (France), Siemens AG (Germany), Sunten Electric (China), and Setrans Holding AS (France), among others.

View More Info @ https://bit.ly/2IG37vS

About Market Research Future:

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future

+1 646 845 9312

Email: [email protected]