Global traction transformer market is expected to reach $1.05 B by 2025

Global traction transformer market is expected to reach $1.05 B by 2025 at a CAGR of 5.8% during the forecast period from 2018-2025 according to Fior Markets report.

Porter’s Five Forces model is used in order to recognize the competitive scenario in the traction transformer market. This report incorporates the industry analysis which is focused on providing an extensive view of the traction transformer market.

The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia- Pacific region dominated the global traction transformer market with $260.75 M in 2017 where as the North America rapidly growing region in the market.

Key players in the traction transformer market are: ABB, Mitsubishi Electric Corporation, Alstom, Siemens AG, Avago technologies, Altrafo Trasformatori, Brush Traction, 10+, SPX transformer, EMCO Limited, JST Transformateurs, Hind Rectifiers Limited and Schneider Electric SA.

The regions covered in this report are: North America (U.S., Canada, Mexico), Europe (Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Rest of South America), The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of the Middle East and Africa).

Source: Fior Markets