Global Traction Transformers Market 2017-2021

Overview of the global traction transformers market

Market research analysts at Technavio predict that the global traction transformers market will grow steadily during the next four years and post a CAGR of close to 6% by 2021. This market research analysis identifies the growth of high-speed rail networks in developing economies as one of the primary growth factors for this market. The major developing economies in APAC, namely China and India, are increasingly investing in high-speed rail networks. Additionally, large scale projects in the Americas on high-speed rail networks are also underway. The steady growth in high-speed rail networks across the world is expected to fuel the demand for traction transformers.

One of the latest trends that will gain traction in the traction transformers market in the coming years is the use of smart grids to power trains. Electric railways are considered as one of the fastest and the quietest means of transport. However, when the brake is applied, the energy of the moving train is lost. To recapture the energy that is lost during braking is an easy task, but to redistribute it efficiently through the power grid is rather difficult and therefore the research efforts are aimed at efficiently capturing and redistributing the energy lost during braking by using smart grids.

Competitive landscape and key vendors