Market Analysis: Global Traction Transformer (Onboard) Market
Global traction transformer (onboard) market is to register a substantial CAGR of 5.30% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to the rising concern about carbon emission, liberalization of rail transport network, and significant government funding for railway infrastructure development.
Market Definition: Global Traction Transformer (Onboard) Market
Traction transformers onboard are equipment used in the railway industry. This transformer fulfills the particular role of supplying railway electric vehicles with power supply. There are tedious requirements to place the transformer and the unit must satisfy the mechanical constraints of the train's heavy load. The size, power rating and transformer weight vary enormously depending on the train supply system requirement.