USA: Transparency Market Research has announced a new market research report on the global traction transformer market with an analysis of the factors affecting the growth of the market.
The report titled “Traction Transformer Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023” projects the growth and valuation of the market during the period between 2015 and 2023, reports Industry Today.
In terms of revenue, Europe has emerged as the largest market. Asia Pacific is expected to be the fastest growing market by revenue owing to the high density population across countries such as India and China, according to the report.
The key market players profiled in the report include ABB (Switzerland), SPX Transformer (U.S.), Siemens AG (Germany), Alstom (France), Avago Technologies Ltd (U.S), and Schneider Electric SA (France).
Source: Industry Today