Key vendors to focus on cost of quality reduction during the forecast period.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global traction transformers market in their latest research report. This report also lists 11 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for traction transformers is characterized by the presence of several major players. The key players in the market have a prominent geographical presence with diverse business segments. The market is highly capital-intensive in nature and requires high initial investments, which act as an entry barrier for new vendors who are attempting to venture into the market space.
According to Anju Ajaykumar, a lead analyst at Technavio for research on unit operations, “Vendors in this segment are focusing on reducing the cost of production. Strict cost controls, improvements in the value chain, and increased cost awareness are a few measures taken by the vendors in this direction.”
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Top five vendors in the traction transformers market space:
ABB
ABB offers power and automation technologies for utility and industrial customers. Its products include switchgears, circuit breakers, capacitors, sensors, motor control centers, integrated power and automation solutions, programmable logic controllers, robots and robotics, solar inverters, and wind converters. The company’s products are used in a wide variety of industries, including oil and gas, minerals and mining, metals, pulp and paper, chemicals and pharmaceuticals, marine, water, and electric utility.
Key products: Traction transformers for electrical multiple units (EMUs), Traction transformers for double-decker electrical multiple units (DDEMU), Traction transformers for high-speed trains, Traction transformers for locomotives, and Effilight traction transformers.
ALSTOM
ALSTOM is a global leader in rail infrastructure, power generation, and power transmission. The company specializes in designing, manufacturing, and installing high and medium-voltage products (circuit breakers, disconnectors, and bushings) that serve the utility, oil and gas, metals and mining, and other electro-intensive industries. It provides gas turbines, heat recovery steam generators, turbo generators, steam turbines, onshore and offshore wind power, and rail transport solutions.
Key products: Traction transformers for high-speed trains and Traction transformers for locomotives.
JST transformateurs
JST transformateurs enages in the designing and maintenance of electric transformers. The company specializes in high-voltage and very high-voltage power transformers and traction transformers.
Key products: High-speed rail transformer, EMU traction transformer, and Locomotive traction transformer.
Mitsubishi Electric
Mitsubishi Electric is a global conglomerate that operates as a general trading company. The company offers a wide array of products and services in diverse fields. It operates through seven operating segments which include – Living essentials, Energy business, Chemicals, Metals, Machinery, Industrial Finance, Logistics, and Development, and Global Environmental and Infrastructure.
Key products: Roof-top traction transformer and Naturally air-cooled traction transformer.
Siemens
Siemens is a German multinational conglomerate with core activities in the fields of energy, healthcare, industry, and infrastructure. The company has more than 600 subsidiaries and ownership interests in over 150 companies and operates in almost every country in the world. Siemens has a strong foothold in Europe, CIS, and EMEA.
Key products: Railway traction transformers.
A more detailed analysis is available in the Technavio report, Global Traction Transformers Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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