Asia-Pacific Traction Transformer Market is Expected to Reach $703.18 Million by 2019

Asia, May 18, 2015 (Newswire.com) - ​The Asia-Pacific traction transformer market report defines and segments the concerned market with analysis and forecast of revenue. The market for traction transformers in the Asia Pacific region was valued at $470.88 million in 2014, and is expected to reach $703.18 million by 2019, at a CAGR of 8.3% from 2014 to 2019.

The traction transformer forms a pivotal component of the electric traction system, which is a propulsion system mainly used in rail transport. The traction transformer market is segmented on the basis of type, voltage range, application, and geography. According to application, this market is classified into high-speed trains, electric locomotives, electric multiple units (EMUs), and trams.

Asia-Pacific Traction Transformer Market is expected to reach $703.18 million by 2019, at a CAGR of 8.3% from 2014 to 2019.

Carter

Locomotive traction is one of the major markets for traction transformers in Asia Pacific. 

The Asia-Pacific traction transformer market is moving towards the adoption of power electronic traction transformer, which plays a crucial role in locomotive traction. Power electronic traction transformers (PETT) uses power electric components instead of the usual components. The insulated gate bipolar transistor (IGBT) power components enable increase in electric operating frequency of the traction transformers. There are numerous advantages associated with the usage PETT, such as weight reduction, space savings, and fast acceleration, in addition to improved adhesion in locomotives, improved electromagnetic compatibility (EMC), lower acoustic emission, and higher efficiency.

This market research report highlights market share, value chain analysis, along with market metrics, such as drivers and restraints impacting the growth of the market. It also presents competitive landscape and company profiles of key players thriving in this market.

Related Report:

Europe Traction Transformer Market

Europe is a prospective market for traction transformers. European companies like ABB, Siemens, Alstom, and so on are dominant players in this market. In Western Europe almost 49% of the lines are electrified, which depicts the significant potential of traction transformers. 

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