Traction transformer is an electrical device which is used in designing and manufacturing of railway system. It transfers the energy from one circuit to another through electromagnetic induction. It substituted the traction system run by fossil fuels years ago. It acts as an integral part of electric traction system. In terms of technology traction system is divided two major groups, DC (direct current) systems and AC (alternative current) systems
With advancements in railway infrastructure globally and increasing government investments, thereby driving the market for traction transformer over the forecast period. In addition to this some of the prominent drivers for traction transformer market are factors such as growing use of railways and liberal regulation of railway system. Furthermore, the rapid electrification of rail networks across the globe, demand for traction transformer expected to grow further significantly. On the other hand, factors such as high cost and complex design of the systems may act as a major restraint for the traction transformer market.

Market Analysis and Insights: Global Traction Transformers Market
The global Traction Transformers market size is projected to reach US$ 635.7 million by 2026, from US$ 544.7 million in 2020, at a CAGR of 2.6% during 2021-2026.
Global Traction Transformers Scope and Segment
The global Traction Transformers market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Traction Transformers market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
The major regions covered in the report are North America, Europe, Asia-Pacific, South America, Middle East & Africa, etc. The report has specifically covered major countries including U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. It includes revenue and volume analysis of each region and their respective countries for the forecast years. It also contains country-wise volume and revenue from the year 2015 to 2020. Additionally, it provides the reader with accurate data on volume sales according to the consumption for the same years.

Segment by Type, the Traction Transformers market is segmented into
15 KV
25 KV
1.5 KV
3 KV
1.2 KV

Segment by Application, the Traction Transformers market is segmented into
Electric Locomotives
High-Speed Trains
Metros

Traction Transformers market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2015-2020. Details included are company description, major business, company total revenue and the sales, revenue generated in Traction Transformers business, the date to enter into the Traction Transformers market, Traction Transformers product introduction, recent developments, etc.
The major vendors covered:
ALSTOM
JST transformateurs
Mitsubishi Electric
Siemens
...

Geographic Segmentation
The report offers exhaustive assessment of different region-wise and country-wise Traction Transformers markets such as U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
For the period 2015-2026, the report provides country-wise revenue and volume sales analysis and region-wise revenue and volume analysis of the global Traction Transformers market. For the period 2015-2020, it provides sales (consumption) analysis and forecast of different regional markets by Application as well as by Type in terms of volume.