Traction Transformer Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Type (Tap Changing, Tapped, and Rectifier); Rolling Stock (High-Speed Trains, Electric Locomotive, and Electrical Multiple Units); Voltage Network (AC and DC)
Report Code: TIPRE00003284 No. of Pages: 150 Category: Electronics and Semiconductor Status: Upcoming
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MARKET INTRODUCTION
Traction transformer is one of the essential components of an electric traction system. It is an electrical device used while designing and manufacturing a railway system. The function of the traction transformer is to transfer the energy from one circuit to another using electromagnetic induction. It has replaced the traction system run by fossil fuels and acts as a vital component of the electric traction system.
MARKET DYNAMICS
The traction transformer market demand is majorly propelled by the advancements in railway infrastructure worldwide. The government of various countries is taking initiatives to enhance their railway infrastructure and have started new projects such as high-speed trains with high power. Furthermore, increasing use of railways as well as rapid electrification of rail networks globally is another factor fueling the demand for traction transformer market. However, the complexity of design and the high cost of the systems are the factors hindering the traction transformer market growth to a certain extent.
MARKET SCOPE
The "Global Traction Transformer Market Analysis to 2028" is a specialized and in-depth study of the traction transformer industry with a special focus on the global market trend analysis. The report aims to provide an overview of traction transformer market with detailed market segmentation by type, rolling stock, voltage network, and geography. The global traction transformer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traction transformer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global traction transformer market is segmented on the basis of type, rolling stock, and voltage network. On the basis of the type, the market is segmented into tap changing, tapped, and rectifier. The market on the basis of the rolling stock is classified into high-speed trains, electric locomotive, electrical multiple units, and others. Based on voltage network, the market is segmented into AC and DC.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction transformer market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The traction transformer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting traction transformer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the traction transformer market in these regions.
MARKET PLAYERS
The reports cover key developments in the traction transformer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from traction transformer market are anticipated to lucrative growth opportunities in the future with the rising demand for traction transformer in the global market. Below mentioned is the list of few companies engaged in the traction transformer market.
The report also includes the profiles of key traction transformer companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Traction transformer is one of the essential components of an electric traction system. It is an electrical device used while designing and manufacturing a railway system. The function of the traction transformer is to transfer the energy from one circuit to another using electromagnetic induction. It has replaced the traction system run by fossil fuels and acts as a vital component of the electric traction system.
MARKET DYNAMICS
The traction transformer market demand is majorly propelled by the advancements in railway infrastructure worldwide. The government of various countries is taking initiatives to enhance their railway infrastructure and have started new projects such as high-speed trains with high power. Furthermore, increasing use of railways as well as rapid electrification of rail networks globally is another factor fueling the demand for traction transformer market. However, the complexity of design and the high cost of the systems are the factors hindering the traction transformer market growth to a certain extent.
MARKET SCOPE
The "Global Traction Transformer Market Analysis to 2028" is a specialized and in-depth study of the traction transformer industry with a special focus on the global market trend analysis. The report aims to provide an overview of traction transformer market with detailed market segmentation by type, rolling stock, voltage network, and geography. The global traction transformer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traction transformer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global traction transformer market is segmented on the basis of type, rolling stock, and voltage network. On the basis of the type, the market is segmented into tap changing, tapped, and rectifier. The market on the basis of the rolling stock is classified into high-speed trains, electric locomotive, electrical multiple units, and others. Based on voltage network, the market is segmented into AC and DC.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global traction transformer market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM). The traction transformer market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting traction transformer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and SAM after evaluating political, economic, social and technological factors affecting the traction transformer market in these regions.
MARKET PLAYERS
The reports cover key developments in the traction transformer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from traction transformer market are anticipated to lucrative growth opportunities in the future with the rising demand for traction transformer in the global market. Below mentioned is the list of few companies engaged in the traction transformer market.
The report also includes the profiles of key traction transformer companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB Ltd.
- Alstom SA
- JST Transformateurs
- Mitsubishi Electric Corporation
- Siemens AG
- EMCO Limited
- International Electric Co., Ltd.
- Setrans Holding as
- Wilson Transformer Company
- General Electric
