Traction Transformer Market to Grow at 7% CAGR by 2019 Forecasts a New Report at ReportsnReports.com
Dallas, Texas (PRWEB) June 09, 2015 -- The Global Traction Transformer Market 2015-2019 report analyst says vendors are in the process of manufacturing more efficient traction transformers to differentiate their products from competitors. For instance, ABB, a major player in the global traction transformer market, has developed a traction transformer, PETT, which uses power electronics instead of the conventional inverter and transformer combination. This makes it more energy efficient compared to conventional transformers. Many other vendors are shifting their focus to lighter, smaller, and more efficient transformers. The growth of the market is directly proportional to the increase in adoption of electric trains worldwide. Rising fossil fuel prices and greater concern over air pollution have encouraged more countries to opt for electric trains, discarding diesel locomotives.
The complete report Global Traction Transformer Market 2015-2019 is available at http://www.reportsnreports.com/reports/401375-global-traction-transformer-market-2015-2019.html. The new report has 81 pages and 36 Exhibits. The report recognizes the following companies as the key players in the global traction transformers market: ABB, Alstom, GE, Mitsubishi Electric and Siemens.
Other Prominent Vendors in the traction transformer market are: CSR, Emco, Hitachi Plant Technologies, Hyundai Rotem, JST Transformateurs, Mitsubishi Electric, Schneider Electric, Setrans Holding and Skoda Holding.
The analysts forecast global traction transformers market to grow at a CAGR of 7.62% over the period 2015-2019.
According to the Global Traction Transformer Market 2015-2019 report Europe and Japan are the leading countries in terms of investing in high-speed rail infrastructure. The developing countries in APAC, namely China and India, are increasingly investing in high-speed rail networks. China has managed to keep its growing population and economy connected via high-speed rail networks. In fact, China's is the largest rail network in the world with an estimated coverage of 19,000 Km in 2014, connecting about 200 million people in the country. India, as of now, is yet to get its high-speed rail networks. The present government has planned investments to develop about 2,000 km of high-speed railways by 2020. These developments entail great potential for the overall growth of the traction transformer market.
Key Market Drivers
• High-Speed Rail Network in Developing Nations
• Stringent Gas Emission Regulations
• Significant Government Funding
• Increase in Electrification of Railway Tracks
• Infrastructure Development
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Key Market Trends
• Technological Advances
• Increase in Mergers and Acquisitions
• Increase in Implementation of High-Speed Lines
The report Global Traction Transformer Market 2015-2019 states that international vendors such as ABB and Siemens are facing tough challenges from local vendors in emerging economies, such as India, China, and Brazil.
Other Related Reports:
Global Rolling Stock Market 2015-2019 (http://www.reportsnreports.com/reports/401705-global-rolling-stock-market-2015-2019.html): The analysts forecast the global rolling stock market to grow at a CAGR of 2.83% over the period 2014-2019.
The report covers the present scenario and the growth prospects of the global rolling stock market for the period 2015-2019. To calculate the market size, this report covers revenue generated by the vendors in the market. The report also presents the vendor landscape and a corresponding detailed analysis of the top 12 vendors in the market and also provides ranking of the leading vendors for 2014. The report also provides data on different segments of the global rolling stock market. The market is segmented based on types of locomotives and geography.
Based on locomotive types, the market is segmented as follows:
• Diesel locomotives
• Electric locomotives
Key Vendors: Alstom, Bombardier Transportation, China CNR, China South Locomotive and Rolling Stock, CJSC Transmashholding, Construcciones Y Auxiliar De Ferrocarriles, GE Transportation, Hitachi, Hyundai Rotem, Kawasaki Heavy Industries, Mitsubishi Electric and Siemens.
Other Prominent Vendors are also profiled.
Traction transformer market in APAC 2015-2019 (http://www.reportsnreports.com/reports/384588-traction-transformer-market-in-apac-2015-2019.html): The analysts forecast the traction transformer market in APAC to grow at a CAGR of 8.08% over the period 2015-2019.
Key vendors: ABB, Alstom and Siemens
Other prominent vendors: AnsaldoBreda, BHEL, Crompton Greaves, Electren, Hitachi Plant Technologies, Hyundai Rotem, JST Transformateurs, Koncar, Mitsubishi Electric, Schneider Electric, Setrans Holding and Skoda Holding.
Market driver: Extensive railway network in APAC
Market challenge: Threat from local vendors
Market trend: Technological advancements
Traction Transformer Market in Europe 2015-2019 (http://www.reportsnreports.com/reports/379230-traction-transformer-market-in-europe-2015-2019.html): The analysts forecast the traction transformer market in Europe to grow at a CAGR of 6.78% over the period 2015-2019.
This report covers the present scenario and the growth prospects of the traction transformer market in Europe during the period 2015-2019. For ascertaining the market size and vendor share, the report considers the revenue obtained from the sales of traction transformers.
Market driver: Significant government funding
Market challenge: Threat from local vendors
Market trend: Technological advancements
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Ritesh Tiwari, ReportsnReports.com, http://www.reportsnreports.com/, +1 (888) 391-5441, [email protected]
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