According to a new report, published by KBV research, The Global Traction Transformer Market size is expected to reach $901.6 Million by 2028, rising at a market growth of 5.7% CAGR during the forecast period.
The Under the Floor segment is showcasing a CAGR of 6.1% during (2022 - 2028). Traction transformer installation under the floor adds more room and capacity to trains. Thus, in economies where a growing population is putting additional strain on the current transportation infrastructure, the necessity for equipment that may be installed under the floor is anticipated to increase. The majority of the time, traction transformers installed under the floor are used in electric locomotives.
The Alternative Current (AC) Systems segment acquired maximum revenue share in the Global Traction Transformer Market by Voltage Network in 2021 thereby, achieving a market value of $627.5 million by 2028. Due to a number of benefits, including easy control of AC motors, quick generation, and availability of AC, which can be easily stepped up or down, AC traction systems are being preferred more nowadays. These systems also need fewer substations and light overhead catenaries, which transfer low currents at high voltages.
The High-speed Trains segment has shown the growth rate of 6.3% during (2022 - 2028). The need for a quick, frequent, and accommodating means of transportation during rush hours is being fueled by rapid urbanization. High-speed rail for intercity transport is in great demand in big cities. There is a common misconception that road-based bus services cannot accommodate capacity requirements, leading to a preference for high-speed trains.
The Europe market dominated the Global Traction Transformer Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $299.3 million by 2028. The Asia Pacific market is exhibiting a CAGR of 6.2% during (2022 - 2028). Additionally, The North America market would display a CAGR of 5.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/traction-transformer-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
Unique Offerings 
