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Research and Markets: Global traction transformer market 2015-2019

10/14/2015

Research and Markets has announced the addition of the "Global Traction Transformer market 2015-2019" report to their offering.

Vendors are in the process of manufacture more efficient traction transformers to differentiate their products from competitors. For instance, ABB, a major player in the global traction transformer market, has developed a traction transformer, PETT, which uses power electronics instead of the conventional inverter and transformer combination. This makes it more energy efficient compared to conventional transformers. Many other vendors are shifting their focus to lighter, smaller, and more efficient transformers.

According to the report, the developing countries in APAC, namely China and India, are increasingly investing in high-speed rail networks. China has managed to keep its growing population and economy connected via high-speed rail networks. In fact, China's is the largest rail network in the world with an estimated coverage of 19,000 Km in 2014, connecting about 200 million people in the country. India, as of now, is yet to get its high-speed rail networks. The present government has planned investments to develop about 2,000 km of high-speed railways by 2020. These developments entail great potential for the overall growth of the traction transformer market.

Further, the report states that international vendors such as ABB and Siemens are facing tough challenges from local vendors in emerging economies, such as India, China, and Brazil.
 

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