The Latin American Traction Transformer market is expected to reach $64.3 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) October 01, 2014 -- The Latin American Traction Transformer market was valued at $51.7 million in 2013, and is expected to reach $64.3 million by 2018, at a CAGR of 4.4% from 2013 to 2018.
Browse through the TOC of the Latin 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 market, and is supported by various tables and figures.
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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.
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Latin America is a potential market for traction transformer in the coming years. One of the major reasons of the development of the market in this region 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. Each rail project is considered to be a unique one, and the application of traction transformer is tailor-made for providing answers to such varied rail demands. Thus, the traction transformer market is a key component for the overall growth of the rail transport industry, resulting wider scope for the traction transformer manufacturers in this market. Countries contributing towards the traction transformer market in Latin America are Brazil and Argentina.
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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.
Tapped transformer dominated the market with highest revenue in 2013 ($48.3 million) as they were being used in locomotives and high speed trains due to their higher power rating. Typically, the traction transformers used in high-speed trains and electric locomotives require a high power rating (>5.5 MVA).
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 Report :
Europe Traction Transformer Market
An Overview of the 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.
http://www.micromarketmonitor.com/market/europe-traction-transformer-8787502758.html
North America Traction Transformer Market
North America has the world’s largest rail network. Although only 1% of 313,000 kilometers of track is currently (2013) electrified, this is widely expected to escalate by 35% a year over the next four years as economic stimulus packages to improve rail infrastructure and legislation to reduce greenhouse gas emissions take effect. North America is the fastest growing region for traction transformer market, North America transformer traction market is expected to grow from $137.1 million in 2013 to $212.4 million in 2018, at an estimated CAGR of 9.1% from 2013 to 2018.
The report “North America traction transformer, 2013-2018“ analyzes the market of traction transformer by 3 major Technologies, namely tap changing, tapped and rectifier. Tapped technology dominates the technologies market of traction transformer in North America.
http://www.micromarketmonitor.com/market/north-america-traction-transformer-9028234198.html
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