Traction Transformer Market: Growth Drivers and Industry Trends by 2034 According to Polaris Market Research, the global traction transformer market was valued at USD 1.43 billion in 2025 and is expected to grow at a compound annual growth rate (CAGR) of 6.7% from 2026 to 2034, reaching approximately USD 2.56 billion by the end of the forecast period. This strong growth trajectory is...