The global Traction Transformers market was valued at US$ 529.8 million in 2020 and it is expected to reach US$ 635.7 million by the end of 2027, growing at a CAGR of 2.6% during 2021-2027.
Traction transformer is an electrical device which is used in designing and manufacturing of railway system. It transfers the energy from one circuit to another through electromagnetic induction. It substituted the traction system run by fossil fuels years ago. It acts as an integral part of electric traction system. In terms of technology traction system is divided two major groups, DC (direct current) systems and AC (alternative current) systems
With advancements in railway infrastructure globally and increasing government investments, thereby driving the market for traction transformer over the forecast period. In addition to this some of the prominent drivers for traction transformer market are factors such as growing use of railways and liberal regulation of railway system. Furthermore, the rapid electrification of rail networks across the globe, demand for traction transformer expected to grow further significantly. On the other hand, factors such as high cost and complex design of the systems may act as a major restraint for the traction transformer market.
Global Traction Transformers Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Traction Transformers Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Alstom, Jst Transformateurs, Mitsubishi Electric, Siemens and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-traction-transformers-market-outlook
Segment by Type
- 15 KV
- 25 KV
- 5 KV
- 3 KV
- 2 KV
Segment by Application
- Electric Locomotives
- High-Speed Trains
Table of Content:
1 Traction Transformers Market Overview
2 Traction Transformers Market Competition by Manufacturers
3 Traction Transformers Retrospective Market Scenario by Region
4 Global Traction Transformers Historic Market Analysis by Type
5 Global Traction Transformers Historic Market Analysis by Application
6 Key Companies Profiled
7 Traction Transformers Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Traction Transformers Market Dynamics
10 Global Traction Transformers Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.