LAMEA Traction Transformer Market Size, Share & Industry Trends Analysis Report By Mounting Position, By Voltage Network, By Rolling Stock (Electric Locomotives, Metros, High-speed Trains), By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the LAMEA Traction Transformer Market
Market Report Description
The Latin America, Middle East and Africa Traction Transformer Market would witness market growth of 7.7% CAGR during the forecast period (2022-2028).
For locomotives, it is preferable to use traction transformers which are compact, lightweight, and very reliable. To create solutions that can withstand challenges, traction transformer manufacturers are boosting their R&D efforts. Locomotives' traction transformers are being designed to power large freight loads across long distances and on rails with numerous challenges, such as steep profiles, high wear, and tiny curve radii, among others.
Despite the difficulties experienced by passenger train suppliers, high-level technical competence is being offered by market participants in traction transformers, allowing them to produce traction transformer technology. There is a need for specialized, cutting-edge railway transformers. Worldwide energy technology businesses are working harder to meet the growing demand for railway transformers that are as reliable, cost-effective, and safe as possible.
For rail operators and train makers, producers in the traction transformer market are developing single-phase and multi-phase devices. By implementing a sophisticated system for worldwide logistics and adhering to legally mandated quality standards, businesses are retaining their track record. In the coming years, the market will be driven by the increased implementation of rail drive applications in both conventional and next-generation locomotives, including electric and diesel locomotives, in order to support the growing number of travel routes.
This region is experiencing rapid growth in rail network connectivity. Like, in Egypt, the Red Sea and the Mediterranean are planned to be connected by a new high-speed train, according to Egypt's transport ministry in 2018. More than ten foreign companies would be involved in this extension. Egyptian Transport Ministry also indicated in 2020 the intention to develop an extension from Marsa Matruh to Sallum through El Negaila on the Libyan border, and from there to Benghazi in Libya.
The Brazil market dominated the LAMEA Traction Transformer Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $15.6 million by 2028. The Argentina market is experiencing a CAGR of 8.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.4% during (2022 - 2028).
Based on Mounting Position, the market is segmented into Machine Room, Under the Floor, and Over the Roof. Based on Voltage Network, the market is segmented into Alternative Current (AC) Systems and Direct Current (DC) Systems. Based on Rolling Stock, the market is segmented into Electric Locomotives, Metros, High-speed Trains, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Siemens AG, JST Transformateurs, EMCO Limited, Hind Rectifiers Limited, International Electric Co, Ltd, Mitsubishi Electric Corporation, Schneider Electric SE and Wilson Transformer Company Pty Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Mounting Position
- Machine Room
- Under the Floor
- Over the Roof
By Voltage Network
- Alternative Current (AC) Systems
- Direct Current (DC) Systems
By Rolling Stock
- Electric Locomotives
- High-speed Trains
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- ABB Group
- Siemens AG
- JST Transformateurs
- EMCO Limited
- Hind Rectifiers Limited
- International Electric Co, Ltd
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Wilson Transformer Company Pty Ltd
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free