The North America Traction Transformer Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
Electrical regulations for traction transformers used in high-speed trains or EMUs differ. The traction converters can operate between 0.7 kV and 25 kV with the voltage lines' range of 15 kV or 25 kV. At each level of production, quality assurance departments conduct quality checks during manufacturing. It ensures decreased life cycle costs and simpler maintenance costs, as well as greater performance to have dependability and energy efficiency.
As a result, doing a quality check before releasing the goods onto the market is crucial. ISO 9001, IEC 60310, ISO 14001, and IRIS Certification are a few of the organizations that do quality checks. Due to recent technological advancements, it is now possible to replace traditional elements with power technology, which presents market potential. This improvement in traction technology is referred to as the fourth revolution.
The industry has gathered speed over the years owing to the promising rate of rail infrastructure construction in numerous nations throughout the world and an increase in demand for speedier commuting networks. Traction is most likely to be benefitted from the transformer's weight reduction because the majority of other large transformer types have a tendency to be stationary. As a result, this is the field where this development must take place first. Multiple-unit passenger trains, like commuter or high-speed trains, have the most potential for it.
The growth in rail electrification and the widespread use of high-speed trains in North America are the main factors driving the traction transformer market in this region. Due to the North American rail transport market's liberalization, traction transformers are being used more frequently in applications including rail electrification, which is fueling the industry's growth. In America, trains travel on tracks that belong to freight railways for around 70% of their total kilometers
The US market dominated the North America Traction Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $188.4 million by 2028. The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.3% during (2022 - 2028).
Based on Mounting Position, the market is segmented into Machine Room, Under the Floor, and Over the Roof. Based on Voltage Network, the market is segmented into Alternative Current (AC) Systems and Direct Current (DC) Systems. Based on Rolling Stock, the market is segmented into Electric Locomotives, Metros, High-speed Trains, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Traction Transformer Market is Predict to reach $901.6 Million by 2028, at a CAGR of 5.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, JST Transformateurs, EMCO Limited, Hind Rectifiers Limited, International Electric Co, Ltd, Mitsubishi Electric Corporation, Schneider Electric SE and Wilson Transformer Company Pty Ltd.
By Mounting Position
By Voltage Network
By Rolling Stock
By Country
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