Traction Transformer Market Overview

The global traction transformer market is estimated to expand at 5.00% CAGR during the forecast period. Traction transformer is an electrical device that transforms power from one circuit to another. Tt is one of the most vital components of an electric traction system as it feeds power at safe voltages to essential train functions like traction, heating and ventilation, lighting, brakes, signaling and communication. These transformers are majorly used in high speed trains and electric locomotives where a very high-power rating of over 5.5 MVA is required.

Leading Players

The key players of the global Traction Transformer Market are Wilson Transformer Company (Australia), International Electric Co., Ltd. (South Korea), EMCO Limited (India), Mitsubishi Electric Corporation (Japan), Alstom SA (France), ABB Ltd (Switzerland), JST Transformateurs (France), Siemens AG (Germany), Sunten Electric (China), and Setrans Holding AS (France), among others.

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With advancements in railway infrastructure globally and increasing government investments are thereby driving the market for traction transformer over the forecast period. In addition, shift to traction transformers in order to address environmental concerns due to their inherent properties including higher power to weight ratio, low running cost of locomotives, less noise pollution and lack of dependence of crude oil, is also expected to drive the market over the forecast period

Industry Segmentation

Global traction transformer has been segmented based on mounting position, overhead line voltage, and rolling stock. Based on rolling stock, the market has been classified into electric locomotives, high-speed trains, and metros. Electric locomotives segment expected to grow at the highest CAGR during the forecast period. The demand for electric locomotives is increasing in order to reduce the emissions and to increase efficiency of the vehicles by decreasing the dependence on internal combustion engines. This will drive the market for traction transformer that are used in electric locomotives/vehicles.

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Regional Outlook

Region wise, Asia Pacific held the largest market share of the global traction transformer market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising population leading to increased connectivity across the region. Moreover, the increasing investment in high-speed rail network, development of new lines, and expansion of existing rail networks are driving the demand for traction transformers in this region.

Table Of Contents

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Scope Of The Study

2.3. Market Structure

3. Research Methodology

3.1. Primary Research

3.2. Secondary Research

3.3. Market Size Estimation

3.4. Forecast Model

3.5. List Of Assumptions

4. Market Dynamics

4.1. Drivers

4.1.1. Shift Towards Low Carbon Rail Transport

4.1.2. Significant Government Funding For Rail Infrastructure Development

4.1.3. Liberalization Of Rail Transport Network

4.1.4. Growing Demand For Energy-Efficient Transformer

4.2. Restraints

4.2.1. Dominance Of Diesel-Powered Rail Engines In Certain Countries

4.3. Opportunities

4.3.1. Electrification Of Rail Networks

4.3.2. Growing Focus On Electric Vehicles

4.4. Porter’s Five Forces Analysis

4.4.1. Threat Of New Entrants

4.4.2. Bargaining Power Of Buyers

4.4.3. Bargaining Power Of Suppliers

4.4.4. Threat Of Substitutes

4.4.5. Intensity Of Rivalry

4.5. Value Chain/Supply Chain Analysis

Continued…..

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