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Global Trends and Forecast Locomotive Market

Bharat Book Bureau provides the report, on " Locomotive Market by Power Conversion Components, Technology, Rolling Stock Type, and by Region - Global Trends and Forecast to 2021”. Major factor driving the growth of the locomotive market for power conversion systems is rapid urbanization in emerging economies. https://www.bharatbook.com/automotive-market-research-reports-782792/locomotive-power-conversion-components-technology-type-region-global-trends-forecast.html

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Global Trends and Forecast Locomotive Market

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  1. Global Forecast Locomotive Market www.bharatbook.com

  2. Summary • 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.  www.bharatbook.com

  3. Increase in need for energy efficient technologies • 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. www.bharatbook.com

  4. Traction motor is the fastest growing segment • 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. www.bharatbook.com

  5. Asia-Pacific: Fastest-growing market • The Asia-Pacific is estimated to dominate the locomotive market for power conversion systems, and is projected to grow at the highest CAGR during the forecast period. This growth can be credited to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. • The sizeable populations in countries such as China and India have resulted in increase in need for public transport, which in turn has resulted in an increase in the number of government rail projects.  www.bharatbook.com

  6. Table Of Content • Introduction • Research Methodology • Executive Summary • Premium Insights • Market Overview • Locomotive Power Conversion Systems Market, By Technology • Locomotive Power Conversion Systems Market, By Region www.bharatbook.com

  7. Contact Us Full Report : Global Locomotive Market Bharat Book Bureau Tel: +91 22 27810772 / 27810773 Email: poonam@bharatbook.com FaceBook : BharatBook3B Twitter : ResearchBook LinkedIn : Bharat Book Bureau www.bharatbook.com

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