Traction transformer is an electrical device which is used in designing and manufacturing of railway system. It transfers the energy from one circuit to another through electromagnetic induction. It substituted the traction system run by fossil fuels years ago. It acts as an integral part of electric traction system. In terms of technology traction system is divided two major groups, DC (direct current) systems and AC (alternative current) systems.

Traction Transformer market by types are tapped, tap changing and rectifier. The market for tapped is more compared to the rest of the types of traction market. These electric transformers have high efficiency of electric motors which convert the kinetic energy into regenerative braking system. This demand is growing with the increase in applications in electric locomotives, high speed trains, trams, and Electric Multiple Units (EMUs).Thus Traction transformer market acts as a catalyst in growth of railway transport system. The growth rate of high speed trains are expected to be high in the forecasted period.

Some of the major drivers for this market are the congestions of roads due to huge traffic. People are switching over to airways to save time to reach the destination. Thereby, to ease the regularity of railway system, government has initiated projects to make high-speed trains with high power.

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The replacement of usual components with power electric technology due to the new advancement by technology in the market serves as an opportunity for this market. This change is called as “fourth revolution” in traction technology

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The global traction transformer market is expected to undergo steady growth in the forecasted period. Some of the major players like ABB, Siemens are trying to manufacture products which is efficient and able to differentiate with their competitors.