An Overview of the Market
Europe is a prospective market for traction transformers. European companies like ABB, Siemens, Alstom, and so on are dominant players in this market. In Western Europe almost 49% of the lines are electrified, which depicts the significant potential of traction transformers. The Global Traction Transformer market is mainly driven by significant government funding, liberalization of rail transport market, and environmental concerns. The traction transformer market in Europe is expected to grow from $522.9 million in 2013 to $732.3 million in 2018 at a CAGR of 7.0% from 2013 to 2018.
The report “Europe traction transformer, 2013-2018“ analyzes the market of traction transformer by 2 major voltage range, namely AC and DC.
Europe has the best public transport system in the world, rail transport being an important part of it. Western Europe has 1, 76,685 Km rail network while Eastern Europe has 83,576 Km rail network. 49% of Western Europe’s rail network is electrified while 38% of Eastern Europe’s rail network is electrified. Thus, Europe has already developed its rail infrastructure that offers a huge market for traction transformers.
The motive of transport policy of European community is to build an efficient and sustainable system of transport for the Union. To improve the quality of rail transport in Europe, the European Commission considers the two main elements; such as fair competition with regards to the provision of rail services; and good, reliable, and adequate paths available for freight transport..
The report also provides an extensive competitive landscaping of companies operating in this market. Segment and country specific Company shares, News & Deals, M&A, segment specific pipeline products, product approvals and product recalls of the major companies have been detailed.
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