Traction transformer market was valued at $815 million in 2024 and is projected to grow at a CAGR of 4.4% to reach $1.3 billion by 2035. The expansion of high-speed rail networks and the increasing integration of power transmission and distribution networks in both urban and rural areas, along with the growing need for traction […]
Tag Archives: Traction Transformer Market
Traction Transformer Market was valued at USD 528.0 Million in 2015 and is expected to grow at a CAGR of 4%. The pace of development of promising rail infrastructure in many countries around the world and the growing demand for faster commuter networks has helped the market gain momentum over the years. To ensure steady […]
The global traction transformer market was valued at US$540.50 Mn in 2018 and is expected to reach 750.80 Mn by 2026 at a CAGR of 4% over the forecast period. The traction transformer market demand is driven primarily by advances in rail infrastructure around the world. Governments of each country are taking the lead in […]