Europe | March 31, 2014

Concise Analysis of the International Traction Transformer Market – Forecasts to 2018

Ireland, Dublin - Research and Markets announced the addition of the 'Concise Analysis of the International Traction Transformer Market - Forecasts to 2018' report to their offering.

 

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48ed12281ae1f6453d2d5ec95b17e082

Ireland, Dublin – Research and Markets announced the addition of the ‘Concise Analysis of the International Traction Transformer Market – Forecasts to 2018’ report to their offering.

The increasing technological advancements are a major trend in the Global Traction Transformer market with companies trying to manufacture more efficient traction transformers to differentiate their products from competitors. 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, reports Herland Online.

Apart from ABB, many other companies are shifting their focus towards light, small, and more efficient transformers. One of the major growth drivers in the market is the increased investment in electric trains.

According to the report, one of the major challenges in the market is the increasing threat from local companies as they are offering traction transformers at lower prices than international companies. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.

Companies mentioned: ABB Ltd., Alstom S.A., AnsaldoBreda S.p.A., CSR Corp. Ltd., Emco Ltd., Hitachi Plant Technologies Ltd., Hyundai Rotem Co., JST Transformateurs S.A.,  Mitsubishi Electric Corp., Schneider Electric S.A., Setrans Holding AS, Siemens AG. and Skoda Holding AS.

Source: Herald Online
Image: Eurostar 3012 Waterloo by Herbert Ortner (Creative Commons Licence)