South America Traction Transformer Market is Estimated to Reach $64.3 Million by 2019 – A Report by MicroMarket Monitor
(PRWEB) April 28, 2015 -- The South America traction transformer market report defines and segments the concerned market for traction transformers with analysis and forecast of revenue. The market for traction transformers in South America is estimated to grow from $51.8 million in 2014 to $64.3 million by 2019, at a CAGR of 4.4% from 2014 to 2019. South America had a market share of 4.1% in the global traction transformers market in 2014.
Browse through the TOC of South America traction transformer market for an analysis of industry trends and segments, with the help of various tables and figures.
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Traction transformers work on electricity to power different models. These transformers can be divided into different segments based on type, product, voltage range, and model. The traction transformer market can be segmented by model into high-speed trains, electric locomotives, electric multiple units (EMUs), and trams.
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Electric traction using traction transformers has many critical advantages over conventional diesel-based traction systems, including power reliability and energy efficiency, long-trouble free service life, and low environmental impact. Traction transformers can reduce CO2 emissions by using bio-degradable coolants instead of mineral-based coolants and minimizing energy consumption during operation.
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The South America traction transformer market is growing with the electrification of the railway network, boosted by environmental reasons.
This report also includes the market share and value chain analyses, along with market metrics such as drivers & restraints. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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