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Traction Transformer Market to Hit Valuation of US$ 2.88 Billion By 2033 | Astute Analytica
GlobeNewswire·2025-02-07 08:30

The traction transformer market is witnessing consistent infrastructure upgrades, driven by advanced locomotive systems, digital monitoring innovations, and rising intercity mobility demands, promising robust opportunities for specialized high-efficiency insulation solutions.New Delhi, Feb. 07, 2025 (GLOBE NEWSWIRE) -- The global Traction transformer market was valued at US$ 1.58 billion in 2024 and is expected to reach US$ 2.88 billion by 2033 from US$ 1.50 billion in 2024 at a CAGR of 6.9% during the fore ...