-- 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.
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).
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The Locomotive market for power conversion systems is projected to grow at a CAGR of 2.92%, to reach a market size of USD 4.27 billion by 2021. Major factor driving the growth of the locomotive market for power conversion systems is rapid urbanization in emerging economies. In view of the rapid growth in urbanization and industrialization, the need for power and conversion systems is anticipated to increase during the forecast period. Moreover, this will require a substantial increase in power generation capacity and in turn infrastructure investments in this segment.
The market for IGBT power modules is anticipated to gradually replace the market for GTO Thyristor modules, owing to the advantages offered in terms of efficiency and power density, and the ability to provide more power in a smaller space.
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.
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With the advancement in technology and government norms, OEMs are investing heavily in R&D activities to provide better more fuel-efficient products. One such new technology is the SiC power module which is currently in the introduction phase. This technology offers better efficiency in terms of reduced power loss and overall weight reduction and is anticipated to grow in the near future.
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
Transport authorities
Legal and regulatory authorities
Fleet operators
Key Point from Table of Content:
Executive Summary
Introduction
Asia-Pacific to Lead the Locomotive Power Conversion System Market in Terms of Value and Future Growth
Traction Motor to Lead the Locomotive Power Conversion System Market (Value)
IGBT Module to Replace the GTO Module in the Near Future
Locomotive Power Conversion System Market is Led By Diesel Locomotives
Premium Insights
Locomotive Power Conversion System Marekt Size (Value), 2016 vs 2021
Locomotive Power Conversion System Market Size (Value), By Region & By Rolling Stock Type, 2016
Regional Market Share of Power Conversion System in Locomotives (Value), By Component
Rolling Stock Power Conversion System Market (Volume), By Technology
Rolling Stock Power Conversion Modules - Product Life Cycle Analysis
Locomotive Power Conversion Systems Market, By Technology
Introduction
IGBT Power Module
GTO Thyristor Module
SiC Power Module
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