Technology News & Trends

  The  global electric traction systems market  is highly fragmented. The five leading companies held around 9.5% share in the overall market in 2016. The market seems to be highly competitive, owing to which the firms are working to develop distinct offerings keeping mind the pricing of the components and advancement of electric traction systems. Moreover, the key players are also working on launching customized products, along with long term maintenance facilities in order to grow in the market. Several firms are concentrating on mergers and partnerships to gain access to strategic resources and up profit eventually. In a recent merger between Alstom and ABB Ltd. in November 2016, ABB Ltd. contracted with Alstom for supplying 1600 traction transformers for 800 electric freight locomotives in India. Alstom S.A.,  ABB, Ltd. (Switzerland), The KONAR Group, Delphi Automotive LLP, Siemens AG, Voith GmbH , Schneider Electric SE, Mitsubishi Electric Corporation, The Curti...

The  global electric traction systems market  is highly fragmented. The five leading companies held around 9.5% share in the overall market in 2016. The market seems to be highly competitive, owing to which the firms are working to develop distinct offerings keeping mind the pricing of the components and advancement of electric traction systems. Moreover, the key players are also working on launching customized products, along with long term maintenance facilities in order to grow in the market. Several firms are concentrating on mergers and partnerships to gain access to strategic resources and up profit eventually. In a recent merger between Alstom and ABB Ltd. in November 2016, ABB Ltd. contracted with Alstom for supplying 1600 traction transformers for 800 electric freight locomotives in India. Alstom S.A.,  ABB, Ltd. (Switzerland), The KONAR Group, Delphi Automotive LLP, Siemens AG, Voith GmbH , Schneider Electric SE, Mitsubishi Electric Corporation, The Curtiss-...

The global electric traction systems market is highly fragmented. The five leading companies held around 9.5% share in the overall market in 2016. The market seems to be highly competitive, owing to which the firms are working to develop distinct offerings keeping mind the pricing of the components and advancement of electric traction systems. Moreover, the key players are also working on launching customized products, along with long term maintenance facilities in order to grow in the market. Several firms are concentrating on mergers and partnerships to gain access to strategic resources and up profit eventually. According to Transparency Market Research, the electric traction systems market is anticipated to witness a tepid growth with 2.5% CAGR within the forecast period from 2017 to 2025. The market was valuated to be worth US$342.94 bn in year 2016 and is likely to reach around US$426.54 bn by the end of 2025. Based on type, the electric traction motor segment held 63% of ...