The global Traction Transformer market is projected to grow from USD 2.9 Bn in 2021 to 4.6 Bn by 2030, at a CAGR of 5.2% in forecast period, 2022-2030.
The increased adoption of Traction Transformer in the Electronic Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Traction Transformer also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Traction Transformer in many sectors also boosts the market growth during the forecast period.
A traction transformer is an essential part of a rolling stock. It is a component of the vehicle’s electric traction system that aids in the smooth operation of motors used in locomotives, high-speed trains, and trams. The strains on traction transformers are considerable due to their usage and must be addressed while building and deploying them.
Traction Transformer Market Research Report” was just released by Market Research Community. It is divided into several categories, including type (Tap Changing and Rectifier), application (High-speed commuter & Regional Trains, Electric Locomotive, Electrical Multiple Units (EMUS), Tram Trains, Metros, Diesel Locomotive), Voltage Network (Alternative Current (AC) systems, Direct Current (DC) systems), Mounting Position (Over the Roof, Machine Room), and companies (International Electric Co Ltd, Schneider Electric, Siemens, ABB, Mitsubishi Electric Corporation, Emco Limited, CG Power and Industrial Solutions Limited, WEG, Alstom, Altrafo Srl, Hind Rectifiers Limited, JST Group, Toshiba Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.2%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||4.6 Billion|
|By Type||Tap Changing and Rectifier|
|By Application||High-speed commuter & Regional Trains, Electric Locomotive, Electrical Multiple Units (EMUS), Tram Trains, Metros, Diesel Locomotive|
|By Voltage Network||Alternative Current (AC) systems, Direct Current (DC) systems|
|By Mounting Position||Over the Roof, Machine Room|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||International Electric Co Ltd, Schneider Electric, Siemens, ABB, Mitsubishi Electric Corporation, Emco Limited, CG Power and Industrial Solutions Limited, WEG, Alstom, Altrafo Srl, Hind Rectifiers Limited, JST Group, Toshiba Corporation|
The COVID-19 pandemic has had a substantial negative influence on the Traction Transformer market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
International Electric Co Ltd, Schneider Electric, Siemens, ABB, Mitsubishi Electric Corporation, Emco Limited, CG Power and Industrial Solutions Limited, WEG, Alstom, Altrafo Srl, Hind Rectifiers Limited, JST Group, Toshiba Corporation
Market Segment Analysis:
- Tap Changing
By Voltage Network
- Alternative Current (AC) systems
- Direct Current (DC) systems
By Mounting Position
- Over the Roof
- Machine Room
- High-speed commuter & Regional Trains
- Electric Locomotive
- Electrical Multiple Units (EMUS)
- Tram Trains
- Diesel Locomotive
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Traction Transformer industries in the region.
Key Traction Transformer Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Traction Transformer Market segments.
– Largest Market Share Held by Industry to Industry for Traction Transformer
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Traction Transformer Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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