DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Traction Transformer (Onboard) Market - Global Forecast to 2022" report to their offering.
The traction transformer market is expected to grow at a CAGR of 4.6% between 2016 and 2022 and is likely to be valued at USD 724.2 million by 2022.
The key driving factors for the growth of the traction transformer market are the significant government funding for railway infrastructure development, liberalization of rail transport network, and rising concern about carbon emission. However, the major restraining factors for the growth of this market are high costs incurred for the electrification of railway networks and dominance of diesel-powered rail engines in certain countries.
The traction transformer market for electric locomotives is expected to grow at a high CAGR between 2016 and 2022. The large installed base for passenger and freight locomotive in Europe and APAC and the lower operating cost of electric locomotives compared to diesel and steam locomotive are the key factors driving the growth of the traction transformer market.
The underframe mounting is expected to hold the largest share of the global traction transformer market in 2016. The underframe mounting of transformers leads to increased space for passenger capacity and their luggage, increased comfort level of passengers, and increased reliability. The electric locomotives majorly use traction transformers that are installed underframe.
- ABB Ltd.
- Alstom SA
- EMCO Limited
- Hind Rectifiers Limited
- International Electric Co., Ltd.
- JST Transformateurs
- Mitsubishi Electric Corporation
- Setrans Holding as
- Siemens AG
- Wilson Transformer Company
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market Analysis, By Rolling Stock
8 Market Analysis, By Mounting Position
9 Market Analysis, By Overhead Line Voltage
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/krqpdg/traction