The Latin American traction transformer market is expected to reach $64.3 million by 2018
USA: MicroMarket Monitor has published report for the Latin American traction transformer market.
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USA: MicroMarket Monitor has published report for the Latin American traction transformer market.
The market was valued at $51.7 million in 2013, and is expected to reach $64.3 million by 2018, at a CAGR of 4.4% from 2013 to 2018, reports Micromarket Monitor.
One of the major reasons of the development of the market in this region is the congestion of the road and airways and the governments are looking at projects like high-speed trains and tramways.
The traction transformer market is segmented and forecast on the basis of voltages, products, models, and types. The market covers AC traction transformer and DC traction transformer and is segmented into solid state transformer (SST) and other products. The market based on models include electric multiple unit (EMU), electric locomotive, high speed train, and tram. The market is further segmented and forecast based on types, comprising rectifier transformer, tap changing transformer, and tapped transformer.
Tapped transformer dominated the market with highest revenue in 2013 ($48.3 million) as they were being used in locomotives and high speed trains due to their higher power rating.
Source: Micromarket Monitor
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