According to the new market research report “Traction Transformer (Onboard) Market by Rolling Stock (Electric Locomotives, High-speed Trains, Metros), Mounting Position (Underframe, Machine Room, Roof), Overhead Line Voltage, and Geography – Global Forecast to 2022″, published by MarketsandMarketsTM, the traction transformer market is expected to be valued at USD 724.2 Million by 2022, growing at a CAGR of 4.6% between 2016 and 2022. The factors that are driving the growth of the market include the significant government funding for rail infrastructure development, shift toward low carbon rail transport, and liberalization of rail transport network.
Don’t miss out on business opportunities in Traction Transformer Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=951
“Traction transformer market for electric locomotives to hold the largest share of the overall market during the forecast period“
Electric locomotive is expected to lead the global traction transformer market between 2016 and 2022. The traction transformer market for electric locomotive is majorly driven by the large installed base for passenger and freight locomotives in Europe and APAC. The adoption of electric freight locomotives has grown considerably with the rising preference for moving goods by rail over road transportation due to the cost efficiency. Further, the rising population and increasing demand for transportation is expected to drive the growth of passenger locomotives, which would further increase the demand for traction transformers.
“Traction transformer market for machine room mounting to grow at a high rate between 2016 and 2022”
The traction transformer market for machine room mounting is expected to grow at a significant rate between 2016 and 2022. The machine room mounting of traction transformer is widely used in high-speed trains and electric locomotives. This type of mounting provides maximum flexibility and reliability in single and multiphase rail systems.
Ask for PDF @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=951
Browse and in-depth TOC on “Traction Transformer Market ”
51 – Data Tables
63 – Figures
138 – Pages
The major players operating in the traction transformer market include ABB Ltd. (Switzerland), Alstom SA. (France), JST Transformateurs (France), Mitsubishi Electric Corporation (Japan), Siemens AG (Germany), Emco Ltd. (India), Hind Rectifiers Ltd. (India), International Electric Co. Ltd. (Korea), Setrans Holding AS (France), and Wilson Transformer Company (Australia).
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=951
“APAC expected to lead the traction transformer market between 2016 and 2022”
The growth of the traction transformer market in APAC is majorly driven by freight locomotive, passenger locomotive, and high-speed trains. The increasing investment by countries such as China, Japan, and India for the development of new lines and expansion of existing lines is expected to create a great potential for the overall growth of the traction transformer market in APAC.
Browse Adjacent Markets @ Semiconductor and Electronics Market Research Reports & Consulting
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/traction-transformer-market-951.html