Global rail traction transformer market is expected to mask a robust CAGR of 4.2% over the forecast period i.e. 2017-2024. Additionally, the market is riding on the back of rapidly expanding train industry along with increasing trade activities. Moreover, the global rail traction transformer market is anticipated to account noteworthy revenue by 2024.
In terms of regional platform, Europe accounted for the biggest market of rail traction transformer in term of revenue. Moreover, Europe region consist of largest train transport network across the globe which is projected to upsurge the demand for rail traction transformer in this region. Moreover, in Europe, approximately half the rail network is electrified which in turn boost the demand for rail traction transformer. Furthermore, government initiatives for the development of rail infrastructure are envisioned to flourish the growth of rail traction transformer market in Europe region. Moreover, Western Europe countries such as Germany, U.K. and others are the prominent countries in this region.
Robust Expansion of locomotive Industry
Positive growth of locomotive industry on the back of rising GDP figures across the globe is positively impacting the growth of rail traction transformer market. Additionally, increasing government investments to build locomotive industry in developing nation along with adoption of metros and high speed train is also believed to propel the growth of rail traction transformer market during the forecast period.
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Growing Trade Activities
Rising investment for the development of new lines and expansion of the existing railway network and growing rail transport are some of the factors propelling the market of rail traction transformer. Furthermore, rapid technological advancement such as higher power to weight ratio, lower power loss at higher altitudes and other advancements are also projected to impel the growth of rail traction transformer market.
On the contrary, presence of weak rail infrastructure in underdeveloped nations is anticipated to hamper the growth of rail traction transformer market.
The report titled “Rail Traction Transformer Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global rail traction transformer market in terms of market segmentation by rolling stock, by mounting position, by voltage network and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global rail traction transformer market which includes company profiling ofABB Ltd, Alstom SA, Siemens AG, Mitsubishi Electric Corporation, Daiichi Electric, JST Transformateurs, Avago technologies ltd, SPX transformer, Schneider Electric SA, Setrans Holding AS. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global rail traction transformer market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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