Asia-Pacific Traction Transformer Market is Expected to Reach $649.1 million in 2018 – New Report by MicroMarket Monitor
(PRWEB) September 27, 2014
The Asia-Pacific Traction Transformer Market report defines and segments this market with analysis and forecast of revenue. This market was valued at $ 440.1 million in 2013, and is expected to reach $ 649.1 million by 2018, at a CAGR of 8.1% from 2013 to 2018.
Browse through the TOC of the Asia-Pacific traction transformer market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the traction transformer market, and is supported by various tables and figures.
http://www.micromarketmonitor.com/market/asia-pacific-traction-transformer-5906918256.html
This market is segmented and forecast based on voltages, products, models, and types. The voltages segment of this market comprises AC traction transformer and DC traction transformer. Based on products, the market is segmented into solid state transformer (SST) and other products. Based on models, the market is segmented into electric multiple unit (EMU), electric locomotive, high speed train, and tram. The market is further segmented and forecast based on types, namely rectifier transformer, tap changing transformer, and tapped transformer.
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Globally, rail networks rely heavily on the high performance of traction transformers to ensure safe and efficient travel solutions for their commuters. As the congestion of roadways and airways is becoming a major transportation concern for many developed countries, their government is laying major emphasis on projects like high-speed trains and tramways to ease this pressure. This has led to railways becoming an alternate transport solution. Each rail project is considered to be a unique one, and the application of traction transformer is tailor-made for providing answers to such varied rail demands.
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As the requirement for high speed trains in countries, such as Japan, China, South Korea, and India are increasing rapidly; they are becoming the major contributors towards the growth of traction transformer market in Asia-Pacific. It is anticipated that the current procurement volume in these regions will continue to grow, as momentous efforts are in progress to increase the size of electric locomotive fleets. Therefore, the Indian and Chinese government is inclined on improving their current rail transportation system by further propelling the demand of traction transformer.
This report includes market share and value chain analysis, along with market metrics, such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
Related Reports:
North America Solid State Transformer (SST) Market
The Solid State (Smart) Transformer market is currently in an introductory phase, but in a couple of years, it is expected to experience high growth due to its advantages. Solid state transformer has a capability to operate at higher frequency range. Its physical size and weight ratio to the legacy transformer is more than 1:100. The new solid state transformers are quite flexible. They use diodes and transistors and other semiconductor-based devices (power electronics); which unlike the transistors used in computer chips, are engineered for handling high power levels and happen to be fast switching. In response to signals from home or utility, they can change the voltage and other characteristics of the power they generate. They can put out either DC or AC power, or take in DC and AC power from wind turbines and solar panels and change the frequency and voltage to what is needed for the grid. They have processors and communications hardware built in, thereby allowing them to communicate with utility operators, the other smart transformers, and consumers.
http://www.micromarketmonitor.com/market/north-america-solid-state-transformer-sst-5605616284.html
Latin America Solid State Transformer (SST) Market
The Solid State (Smart) Transformer market is currently in an introductory phase, but in a couple of years, it is expected to experience high growth due to its advantages. Solid state transformer has a capability to operate at higher frequency range. Its physical size and weight ratio to the legacy transformer is more than 1:100. The new solid state transformers are quite flexible. They use diodes and transistors and other semiconductor-based devices (power electronics); which unlike the transistors used in computer chips, are engineered for handling high power levels and happen to be fast switching. In response to signals from home or utility, they can change the voltage and other characteristics of the power they generate. They can put out either DC or AC power, or take in DC and AC power from wind turbines and solar panels and change the frequency and voltage to what is needed for the grid.
http://www.micromarketmonitor.com/market/latin-america-solid-state-transformer-sst-8150085920.html
Europe Solid State Transformer (SST) Market
The Solid State (Smart) Transformer market is currently in an introductory phase, but in a couple of years, it is expected to experience high growth due to its advantages. Solid state transformer has a capability to operate at higher frequency range. Its physical size and weight ratio to the legacy transformer is more than 1:100. The new solid state transformers are quite flexible. They use diodes and transistors and other semiconductor-based devices (power electronics); which unlike the transistors used in computer chips, are engineered for handling high power levels and happen to be fast switching. In response to signals from home or utility, they can change the voltage and other characteristics of the power they generate.
http://www.micromarketmonitor.com/market/europe-solid-state-transformer-sst-2112731391.html
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