Global traction transformer market to grow at a CAGR of 4.5 % from 2018 to 2025

The global traction transformer market was valued at $554.1 M in 2017 and is projected to reach $783.7 M by 2025, growing at a CAGR of 4.5 % from 2018 to 2025 according to Verified Market Report.

The key players in this market are: Mitsubishi Electric Corporation, International Electric Co., Alstom SA, Siemens AG, ABB, Wilson Transformer Company, EMCO Limited, JST Transformateurs, Orbocomm Setrans Holding as, Hind Rectifiers Limited.

The regions covered in this report are: Middle East and Africa (GCC Countries and Egypt), North America (the United States, Mexico, and Canada), South America (Brazil), Europe (Turkey, Germany, Russia UK, Italy, France), Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Source: Market Research Scoop