Australia: The report 'Traction Transformer Market Revenue & Unit Shipment, By Type (Tap Changing, Tapped & Rectifier), Rolling Stock (Electric Locomotives, High Speed Trains, Electric Multiple Units (Emus) & Trams), Voltage Network (Ac & Dc) & Geography (2013-2018)' has been published by RnRMarketResearch.com.
The traction transformer is divided into three major segments based on type: tap changing, tapped, and rectifier. Tapped transformers contributed the maximum revenue of 89.5 % in 2013 to the market for being used in locomotives and high speed trains.
Tap-changing traction transformers are mainly used in EMUs and rectifier traction transformers are used for the propulsion of trams and trolley cars and the other urban transit systems.
The global traction transformer revenue market is expected to grow from $ 1.17 billion in 2013 to $ 1.69 billion in 2018 at a CAGR of 7.52%. The electric locomotive market for traction transformers is the largest in terms of revenue, but EMUs are the major contributors shipment-wise, reports WhaTech.
In the report, the global market is segmented by geography – the Americas, Europe, Asia-Pacific (APAC), and Rest of the World (ROW). Europe is the leader, while the U.S. is the biggest potential market in the Americas. Due to its high population density, APAC is an emerging market.
The major players in the traction transformer market include ABB, Siemens AG and Alstom SA. With over 50 % market share, ABB is the market leader.