“Government-Led Investment in Railway Electrification and Infrastructure Modernization”
- One of the primary growth drivers for the traction transformer (onboard) market is the increasing investment by governments in upgrading rail infrastructure and promoting electric mobility to reduce carbon emissions.
- Electrification initiatives are accelerating the demand for onboard traction transformers, which are crucial for supplying power to electric rail vehicles.
- Additionally, liberalization of the rail transport network is encouraging private sector participation and modernization of rolling stock.
For instance:
India's “Mission Electrification” aims to electrify 100% of broad-gauge railway routes, supported by multi-billion-dollar government funding. Such projects significantly increase the demand for onboard traction transformers in electric locomotives and metro rail systems.
