Key drivers in the global traction transformer industry include the increasing congestion in road and airways transport
Global Traction Transformer Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-21 18:02:02
The Global Traction Transformer market to grow at a CAGR of 7.30 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing congestion in road and airways transport. The Global Traction Transformer market has also been witnessing the increase in technological advancements. However, the increasing threat from local vendors could pose a challenge to the growth of this market.
The increasing technological advancements are a major trend in the Global Traction Transformer market. Vendors are trying to manufacture more efficient traction transformers to differentiate their products from competitors. For instance, 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. The transformer is more energy efficient compared to conventional transformers. Apart from ABB, many other vendors are shifting their focus towards light, small, and more efficient transformers.
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