Locomotive Engines Market, By Type (Diesel Locomotive Engine and Electric Locomotive Engine), By Tec

Published Date: | Report Code : AT1942596

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The Locomotive Engines Market is projected to observe significant growth during the forecast period owing to it’s increasing use in various applications such as freight transport and passenger transport.

The locomotive engines market is expected to grow due to the development of hydrogen-powered locomotive engines since the use of hydrogen fuel in the roof will produce electricity by mixing hydrogen and oxygen. Furthermore, they emit water and steam eliminating the need to use overhead cables, thus making them eco-friendly.

The capability of diesel locomotive engines to transport large amounts of freight in less fuel and high speeds, and increased safety are a few factors aiding in the growth of this market.

The rise in the number of passengers and freight volume is expected to drive the electric locomotive engines market in various regions. Moreover, increasing concerns regarding pollution have driven government bodies and private stakeholders to upgrade to energy-efficient and non-polluting electric locomotives. In terms of speed and reliability, electric locomotives are highly efficient.

Key Factors Impacting Market Growth:

  • Growing demand for pollution-free  transportation
  • Increasing government expenses on improving public rail system
  • Major dependence on road transport for movement of freight

Regional Analysis:

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the locomotive engines market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of the locomotive engines market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for the locomotive engines market in the region.

The Asia Pacific is estimated to be the fastest-growing region for the locomotive engines market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for the locomotive engines market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: Alstom, Bombardier, Siemens, General Electric, Caterpillar, China CNR, CAF, Talgo, MITSUI & Co., Ltd, and SKODA AUTO 

Market Segmentation:

By Type:

  • Diesel Locomotive Engine
  • Electric Locomotive Engine

By Technology:

  • IGBT Power Module
  • GTO Thyristor Module
  • SiC Power Module

By Component:

  • Rectifier
  • Traction
  • Inverter
  • Alternator
  • Auxiliary Power Conversion Unit

By Application:

  • Freight Transport
  • Passenger Transport

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Technology
    • By Component
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Type
    • By Technology
    • By Component
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By Technology
    • By Component
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Type
    • By Technology
    • By Component
    • By Application
  • Middle East
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Type
    • By Technology
    • By Component
    • By Application
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Type
    • By Technology
    • By Component
    • By Application

Reasons to Buy This Report:

Market size estimation of the locomotive engines market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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