London, 29 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global traction transformer market 2015-2019, which is expected to grow at a CAGR of 7.62%, during 2015-2019.
The growth of the market is directly proportional to the increase in adoption of electric trains worldwide. Rising fossil fuel prices and greater concern over air pollution have encouraged more countries to opt for electric trains, discarding diesel locomotives.
“The conversion of rail lines to high-speed rail lines in the developed nations is expected to increase the demand for traction transformers,” says Faisal Ghaus, Vice President of Technavio.
“Europe and Japan are the leading countries in terms of investing in high-speed rail infrastructure. Apart from Japan and Europe, China has invested on a large scale in the construction of high-speed rail networks.”
Key Market Drivers
- High-Speed Rail Network in Developing Nations
- Stringent Gas Emission Regulations
- Significant Government Funding
- Increase in Electrification of Railway Tracks
- Infrastructure Development
Key Market Trends
- Technological Advances
- Increase in Mergers and Acquisitions
- Increase in Implementation of High-Speed Lines
Key Market Vendors
- ABB Ltd.
- Alstom SA
- GE Co.
- Mitsubishi Electric Corp.
- Siemens AG
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
