Asia-Pacific Traction Transformer Market has Commanded a Market Share of 37.3% in the Global

Date: 2015-08-05

“The Asia-Pacific traction transformer market is estimated to grow at a CAGR of 8.3% from 2-014 to 2019. 

In this report, the Asia-Pacific traction transformer market has been broadly classified into types, such as tap changing, tapped, and rectifier. Rectifier transformers are used in industrial applications, such as electrolysis process for aluminum, zinc, copper, or chlorine.

Geographically, Asia-Pacific traction transformer market has commanded a market share of 37.3% in the global traction transformer market. Factors driving its market growth include increasing demand of PETT, and growing adoption of traction transformers in applications, such as rail electrification owing to the liberalization of rail transport in the Asia-Pacific region.

As of 2014, the Asia-Pacific traction transformer market includes top market players, such as ABB Ltd., (Switzerland), Alstom SA (France), and Crompton Greaves. New product launches and partnerships, agreements, collaborations, and joint ventures are considered as the major strategies adopted by these players to achieve growth in the traction transformer market.    

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