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 improving the railway infrastructure and starting new businesses such as high-power high-speed trains. In addition, the rapid electrification of rail networks worldwide and the increasing use of railroads is another factor driving demand for the traction transformer market. However, the complexity of the design and the high cost of the system are factors hindering the growth of the traction transformer market to some extent.
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Company Profile
- ABB Ltd.
- Alstom SA
- JST Transformateurs
- Mitsubishi Electric Corporation
- Siemens AG
- EMCO Limited
- International Electric Co., Ltd.
- Setrans Holding as
- Wilson Transformer Company
- General Electric
Market Segmentation
Traction Transformer Market Segments:
By Sensors Type
- Inductive Loops
- Piezoelectric Sensors
- Image Sensors
- Infrared Sensors
- Lidar Sensors
- Radar Sensors
- Magnetic Sensors
- Acoustic Sensors
- Thermal Sensors
- Bending Plates
By Application
- Vehicle Measurement and Profiling
- Weigh in Motion (WIM)
- Traffic Monitoring
- Automated Tolling (E-Toll)
Scope of the Report
The research study analyzes the global Traction Transformer industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Traction Transformer Market Report
1. What was the Traction Transformer Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Traction Transformer Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Traction Transformer Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Traction Transformer market.
- The market share of the global Traction Transformer market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Traction Transformer market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Traction Transformer market.
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