The North America traction transformer market constitutes 11.8% of the global traction transformer market. It was valued at $149.1 million in 2014, and is projected to reach $233.1 million by 2019, at a CAGR of 9.4% from 2014 to 2019.
Inquiry before Buying@ http://www.micromarketmonitor.com/contact/9028234198-inquery_before_buy.html
Traction transformers become an integral part of the electric traction system. The electric traction is basically a propulsion system that is mainly used in rail transport in order to supply electricity to power trains and other models.
Speak to Analyst @ http://www.micromarketmonitor.com/contact/9028234198-speak_to_analyst.html
The North America traction transformer market is classified on the basis of type, voltage range, application, and geography. According to type, this market is categorized into tap changing, tapped, and rectifier. Tapped transformers contribute the maximum revenue to the traction transformer market, as they are being used in locomotives and high speed trains due to their higher power rating. Tap-changing traction transformers are mainly used in EMUs, and rectifier traction transformers are used for the propulsion of trams and trolley cars, as well as other urban transit systems.
North America has the world’s largest rail network. Although, only 1% of 313,000 kilo meter of track is electrified till 2012, this is widely expected to escalate by 35% over the next four years. This growth is mainly attributed to the widespread adoption of economic stimulus packages that help in improving rail infrastructure and environmental legislation to reduce greenhouse gas emissions. The rapid development of economies along with rising fuel prices has driven investments in railways as an alternative transport solution. The government of the U.S. has significant investment plans for the deployment of high speed trains. It is also planning to build an electrically-powered national high speed rail network across the U.S.
The major manufacturers of traction transformers in the North American region are ABB Ltd., (Switzerland) and Alstom SA (France).
