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Traction Transformer (Onboard) Market Worth 724.2 Million USD by 2022


News provided by

MarketsandMarkets

01 Feb, 2017, 09:34 GMT

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PUNE, India, February 1, 2017 /PRNewswire/ --

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 MarketsandMarkets, the market is expected to be valued at USD 724.2 Million by 2022, growing at a CAGR of 4.6% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 51 market data Tables and 63 Figures spread through 138 Pages and in-depth TOC on "Traction Transformer (Onboard) Market"

http://www.marketsandmarkets.com/Market-Reports/traction-transformer-market-951.html

Early buyers will receive 10% customization on this report.

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.

"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.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=951

"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.

"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.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=951

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).

Browse Related Reports 

Digital Substation Market by Module (Hardware, SCADA, & Fiber Optics Communication Network), Voltage (Below 66kV, 66kV-220kV, 220-550kV, & Above 550kV), Type (Transmission & Distribution), Industry, & Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/digital-substation-market-43227003.html

Solid State Transformer Market by Product (Power, Traction, & Distribution), Application (Alternative Power Generation, Electric Vehicle Charging Stations, & Others), & Geography (North America, Europe, Asia-Pacific, & RoW) - Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/solid-state-transformer-market-774.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M's flagship competitive intelligence and market research platform, "RT" 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. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


Contact:
Mr. Rohan
Markets and Markets
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Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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