Locomotive Market report represents the revenue opportunities in the market through to 2021, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.
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Study on Locomotive Market highlights key players such as Siemens AG (Germany), CRRC Corporation Limited (China), Bombardier Inc. (Canada), Alstom S.A. (France), Wabtec Corporation (U.S.), Hitachi Ltd.
(Japan), Toshiba Corporation (Japan), Strukton (Netherlands), AEG Power solutions (Germany), Turbo Power Systems (England).
The locomotive market for power conversion systems is projected to grow at a CAGR of 2.92% during the forecast period, to reach a market size of USD 4.27 Billion by 2021.
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A wide array of upcoming rail projects, increased urbanization, and the rising demand for public transport has led to an increase in demand for locomotives and their related power conversion systems. Additionally technological advancements, such as the introduction of IGBT module, SiC module, and auxiliary power units have led to a rising demand for power conversion components.
These advancements have increased the fuel-efficiency, lowered the emission levels, reduced the overall weight and have resulted in reduction of power loss while switching the state of current.
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Due to increasing need for development of energy efficient solutions for power conversion systems, there have been advancements in traction motors, which is driving the demand for energy efficient traction motors. The increase in the demand for traction motors can be attributed to the benefits offered such as weight reduction and decreased fuel consumption.
The Key stakeholders for this study are:
Manufacturers of rolling stock
Manufacturers of rolling stock power conversion components
Raw material suppliers for rolling stock or their power conversion components
Legal and regulatory authorities
Key Points From Table Of Content:
5 Market Overview
5.2 Market Segmentation
5.2.1 Global Locomotive Power Conversion System Market - Report Segmentations
22.214.171.124 Locomotive Power Conversion System Market, By Locomotive Type
5.3 Market Dynamics
126.96.36.199 Power Conversion System Market to Be Fuelled By Growing Demand for Energy-Efficient Rolling Stock
188.8.131.52 Increase in Urbanization Will Boost the Demand for Rolling Stock
184.108.40.206 Capital-Intensive Nature of Rolling Stock
220.127.116.11 Increased Demand for Rolling Stock in Emerging Market
18.104.22.168 Increase in Industrial and Mining Activities
22.214.171.124 Technological Upgradation: SiC Inverters
126.96.36.199 High Overhaul & Maintenance Cost
5.4 Porter’s Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Threat of Substitutes
5.4.3 Bargaining Power of Suppliers
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competetive Rivalry
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6 Locomotive Power Conversion Systems Market, By Technology
6.2 IGBT Power Module
6.3 GTO Thyristor Module
6.4 SiC Power Module
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