Market Analysis: Global Traction Transformer (Onboard) Market
The global traction transformer (onboard) market accounted for USD 552.6 million in 2016 and is projected to grow at a CAGR of 4.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Traction Transformer (Onboard) Market
Traction transformer (onboard)converts the energy into speed whichhelps in moving thefreight, passengers and trains. These are being produced according to the requirement and need of customers.
Major Market Drivers:
- Liberalization of the railway transportation network
- Government funding for the development
- Growing concern towards low carbon emission transport
Major Market Restraints:
- High electrification cost
Market Segmentation: Global Traction Transformer (Onboard) Market
On the basis of Rolling Stock, global traction transformer (onboard) market is segmented into electric locomotives, high speed trains and metros. Electric locomotives are sub segmented into passenger locomotives and freight locomotives.
On the basis of mounting position, global traction transformer (onboard) market is segmented into Underframe, Roof and Machine Room.
On the basis of Overhead Line Voltage, global traction transformer (onboard) market is segmented into Alternating Current (AC), Direct Current (DC). AC is further sub segmented into 12kv, 15kv, 20kv and 25kv. DC is further sub segmented into 0.75kv, 1.5kv and 3kv.
On the basis of geography, the global traction transformer (onboard) market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East and Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Traction Transformer (Onboard) Market
The global traction transformer (onboard) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
Major Market Competitors: Global Traction Transformer (Onboard) Market
Some of the major players in global traction transformer (onboard) market include ABB,Siemens AG,ALSTOM, Mitsubishi Electric Corporation,International Electric Co., Ltd.,EMCO Limited,JST Transformateurs,Wilson Transformer Company,Hind Rectifiers Limited and SETRANS HOLDING among others.
Research Methodology: Global Traction Transformer (Onboard) Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an analyst call or can drop down your enquiry.
Some of the key research methodologies used by DBMR Research team is Vendor Positioning Grid, Technology Life Line Curve, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Company Sales, Multivariate Modeling, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about of research skills drop an inquiry to speak to our industry experts.