TechNavio recognizes the following companies as the key players in the Global Traction Transformer Market: ABB Ltd., Alstom S.A., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “The increasing technological advancements are a major trend in the Global Traction Transformer market. Vendors are trying to manufacture more efficient traction transformers to differentiate their products from competitors. For instance, ABB, a major player in the Global Traction Transformer market, has developed a traction transformer, PETT, which uses power electronics instead of the conventional inverter and transformer combination. The transformer is more energy efficient compared to conventional transformers. Apart from ABB, many other vendors are shifting their focus towards light, small, and more efficient transformers.”
According to the report, one of the major growth drivers in the market is the increased investment in electric trains. Governments in the developing and developed countries are focusing on investing in projects related to electric trains.
Further, the report states that one of the major challenges in the market is the increasing threat from local vendors. Domestic vendors are offering traction transformers at lower prices than international vendors, leading to reduced profit margins for the international vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-traction-transformer-market-2014-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Traction Transformer Market 2014-2018
