Traction Transformer Market

The global traction transformer market is projected to grow at 5.15% CAGR during the forecast period, 2019–2025. In 2018, the global traction transformer market was dominated by Asia-Pacific with a 34.64% share, followed by Europe and Middle East & Africa with shares of 23.21% and 17.26%, respectively. The demand for traction transformers is growing rapidly owing to various factors, including the increasing demand for public transport infrastructure and the growing need to upgrade electrical systems in rolling stock.

The global traction transformer market has been segmented based on type, overhead line voltage, mounting position, rolling stock., and region. On the basis of type, the global traction transformer market has been segmented into tap changing and rectifier. The tap changing segment is expected to grow at a faster rate during the forecast period. In 2018, the tap changing segment held a 57.68% share of the global traction transformer market.

On the basis of overhead line voltage, the global traction transformer market has been divided into AC system and DC system. The AC system segment is expected to grow at the faster rate during the forecast period. In 2018, the DC system segment held a 41.23% share of the global traction transformer market.

On the basis of mounting position, the global traction transformer market has been segmented into underframe, machine room, and roof. The underframe segment is expected to grow at the fastest rate during the forecast period. In 2018, the underframe segment held a 45.46% share of the global traction transformer market.

On the basis of rolling stock, the global traction transformer market has been segmented into electric locomotives, high-speed trains, and metros. The electric locomotives segment is expected to grow at the fastest rate during the forecast period. In 2018, the electric locomotives segment held a 47.56% share of the global traction transformer market.

On the basis of region, the global traction transformer market has been segmented into the North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2018, Asia-Pacific held a 34.64% share of the global traction transformer market.