Technavio recognizes the following companies as the key players in Traction Transformer Market in Europe 2015-2019: ABB Ltd., Alstom S.A. and Siemens AG
Other Prominent Vendors in the market are: AnsaldoBreda, Crompton Greaves, Electren, Hitachi Plant Technologies, Hyundai Rotem, JST Transformateurs, Koncar, Mitsubishi Electric, Schneider Electric, Setrans and Skoda
Commenting on the report, an analyst from Technavio’s team said: “Vendors in the market are trying to manufacture more efficient traction transformers to differentiate their products from the competition. For instance, ABB, a major player in the traction transformer market in Europe, has designed PETT, a smart traction transformer that uses power electronics instead of the conventional inverter and transformer combination. This transformer is more efficient in terms of energy compared with traditional transformers. Apart from ABB, many other vendors are shifting their focus toward light, small, and more efficient transformers.”
According to the report, the traction transformer market in Europe has grown steadily, driven by increased government investment in public transit systems. Electric train projects witnessed the highest investment in Europe. Stringent gas emission regulations have led to increased demand for traction transformers.
Further, the report states the increased threat from local vendors is inhibiting market growth.
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/traction-transformer-market-in-europe-2015-2019
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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