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Traction Transformer Market | Global Industry Report, 2031 The traction transformer market is projected to advance at a CAGR of 5.2% during the forecast period. This is evident since there is a need of special components for traction transformers. Elektro-Isola - a materials company in Vejle, Denmark, is capitalizing on this opportunity to provide electromechanical composite materials for traction transformers in the range of Etronit, Etronax, and G-Etronax, respectively.