The on-board power source and external power source provides power to the train where the external power source system is an electric system. In an electric system, the train accumulates electrical current from sliding contact of the power supply line. The electric locomotive collects electrical energy from the overhead line, and current passes through transformer to provide power for the electric motor through a power control unit. However, the on-board power source uses a diesel engine to transfer electrical energy instead of the transformer.
Rising rail projects expected to increase the growth of train transformer market. Additionally growing locomotive industry across the globe is expected impact positively to the growth of train transformer market. Moreover, increasing government investments to build locomotive industry in developing nation for the adoption of high speed train is anticipated to propel the growth of the train transformer market during the forecast period
Train Transformer Market: Dynamics
Worldwide, the rising number of rail projects is expected to augment adoption and implementation of train transformers on a large scale. The adoption of electric freight locomotives is expected to grow considerably owing to the rising preference for goods transportation by train. Moreover increasing investments by government and private enterprises to build the locomotive industry is propelling the growth of the train transformer market during the forecast period
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However, as the electric locomotive is more expensive compared to diesel locomotive, which is expected to limit the adoption of train transformer. The dominance of diesel-powered rail engines in certain countries such as the U.K., Taiwan, and Mexico is key factor restraining the train transformer market.
Some bodies look after the design of transformer to meet the national standard such as ANSI (American National Standards Institute) it is a U.S. standards and conformity assessment system, BS (British Standards), and some others.
Train Transformer Market: Regional Outlook
Considering regions, the North America in the train transformer market is expected to be fast growing market for train transformer over the forecast years. Asia Pacific in the train transformer market is anticipated to be followed by North America. China in the Asia-Pacific region is expected to have a major share in the train transformer market, and it expected to continue its dominance over forecast years. Europe in the train transformer market is anticipated to be followed by the Asia-Pacific region and witness double-digit growth in terms of sales during the forecast period. Latin America and Middle East & Africa is expected to account for a small share in the overall market. However demand for train transformer is expected to grow at a significant pace over the near future.
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Train Transformer Market: Market Participants
Some of the key players involved in the global train transformer market include Hyundai Power Transformers USA, Inc., Alstom SA, Schneider Electric SA, BTB plaza Ltd., Avago technologies ltd, Toshiba Corporation, ABB group, Setrans Holding AS, Mitsubishi Electric Corporation, JST Transformateurs, Daiichi Electric, SPX transformer, Setrans Holding AS and some others.
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