Key Players in the American Traction Transformer market are ABB (Switzerland), Siemens AG (Germany), and Alstom SA (France)
(PRWEB) September 30, 2014
This market was valued $137.1 million in 2013, and is expected to reach $212.4 million by 2018, at a CAGR of 9.1% from 2013 to 2018.
Browse through the TOC of the North American traction transformer market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the traction transformer market, and is supported by various tables and figures.
Traction transformers are one of the vital components of various types of rolling stocks and networks. They form an integral part of electric traction systems of these networks, making smooth motion of the electric motors, such as trains, trams, and high-speed trains. These transformers were used in railway traction for over a century. The mechanism, functions, and features of these traction’s have evolved with changing technology and preferences of the global industry. One of the major reasons of the development of traction transformer is the congestion of the road and airways, which has become a major transportation concern. As a result, the government is looking at projects like high-speed trains and tramways to ease this pressure. This has led to railways becoming an alternate transport solution.
Speak to Analyst @
North America is the potential market for traction transformer. Countries contributing towards the traction transformer market in this region are the U.S., Canada, and Mexico. The U.S. dominates the market as its government has significant investment plans for the deployment of high speed trains. The main motive for deploying high speed trains is to lower down the oil consumption to an optimum level.
Early buyers will receive 10% customization on this report.
This market is segmented and forecast based on voltages, products, models, and types. The market in terms of voltages, cover AC traction transformer and DC traction transformer. Based on products, the market is segmented into solid state transformer (SST) and other products. The market based on models include electric multiple unit (EMU), electric locomotive, high speed train, and tram. The market is further segmented and forecast based on types, comprising rectifier transformer, tap changing transformer, and tapped transformer. This report includes market share and value chain analysis, along with market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Related Reports :
Europe Traction Transformer Market
Europe is a prospective market for traction transformers. European companies like ABB, Siemens, Alstom, and so on are dominant players in this market. In Western Europe almost 49% of the lines are electrified, which depicts the significant potential of traction transformers. The Global Traction Transformer market is mainly driven by significant government funding, liberalization of rail transport market, and environmental concerns. The traction transformer market in Europe is expected to grow from $522.9 million in 2013 to $732.3 million in 2018 at a CAGR of 7.0% from 2013 to 2018.
The report “Europe traction transformer, 2013-2018“ analyzes the market of traction transformer by 2 major voltage range, namely AC and DC.
Europe has the best public transport system in the world, rail transport being an important part of it. Western Europe has 1, 76,685 Km rail network while Eastern Europe has 83,576 Km rail network. 49% of Western Europe’s rail network is electrified while 38% of Eastern Europe’s rail network is electrified. Thus, Europe has already developed its rail infrastructure that offers a huge market for traction transformers.
The motive of transport policy of European community is to build an efficient and sustainable system of transport for the Union. To improve the quality of rail transport in Europe, the European Commission considers the two main elements; such as fair competition with regards to the provision of rail services; and good, reliable, and adequate paths available for freight transport..
Asia-Pacific Traction Transformer Market
A major portion of APAC consists of developing economies. Demand for electricity in these countries is the dominant factor that leads to development of technology for efficient traction transformers. The Global Traction Transformer market is mainly driven by significant government funding, liberalization of rail transport market, and environmental concerns. The traction transformer market in APAC is expected to grow from $440.1 million in 2013 to $649.1 million in 2018 at a CAGR of 8.1% from 2013 to 2018.
The report “APAC traction transformer, 2013-2018“ analyzes the market of traction transformer by 3 major technology, namely tap changing, tapped and rectifier.
Countries like Japan, China, South Korea, and India are the major contributors towards traction transformer market in APAC. China and India have the highest procurement intensity. The government of these countries is inclined towards the electrification of railway track and improving railway transport. China has one of the world's busiest railway systems in the world and is aiming to build a high-speed passenger rail network by 2015. It is also forecast that the current high procurement volume in APAC will continue, particularly in China and India, where momentous efforts are in progress to increase the size of electric locomotive fleets. Keeping this in mind, traction transformer manufacturers are expanding production capacities, while established players are trying to enter the market of APAC.
India has a huge market potential for traction transformers. This has been proven from the fact that India had a rail network of 64,099 Km in 2011. In addition to this, the vision of Indian railways is that 25,000 Km of new lines would be added by 2020.By 2020, 33,000 Km of rail routes will be electrified. While expanding the network, Indian Railways would adopt innovative land-saving solutions like building infrastructure in a multi-tier format.
The report also provides an extensive competitive landscaping of companies operating in this market. Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
5601 Bridge Street
Fort Worth, TX 76112
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.