Locomotive Market To Develop Strongly And Cross USD 27.56 Billion in 2030 | Strukton, Alstom SA, Hitachi, Bombardier

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Locomotive Market Rising adoption of autonomous locomotive engines is a key factor driving locomotive market revenue growth

Market Size โ€“ USD 14.31 Billion in 2021, Market Growth โ€“ at a CAGR of 7.7%, Market Trends โ€“ Technological advancement and rising demand for electrical locomotives”
— Emergen Research

VANCOUER, BC, CANADA, August 22, 2022 /EINPresswire.com/ -- The global locomotive market size was USD 14.31 Billion in 2021 and is expected to register a revenue CAGR of 7.7% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of autonomous locomotive engines is a key factor driving market revenue growth. Rapid improvement of microprocessors, Artificial Intelligence, and miniaturization of laser and optical spatial scanning systems has enabled widespread use of autonomous vehicles on roads and railways. Automakers have long desired to harness power of autonomous electric mobility. Railway systems already include seeds of autonomous driving, as well as safety advantages over open-road driving. Various companies are now testing, developing, and introducing autonomous locomotives , for instance, in April 2022, Alstom, a French multinational rolling stock manufacturer successfully carried out ODS testing at Oosterhout, close to Dutch city of Breda.

A locomotive engine is a rail transport vehicle powered by diesel or electricity to push or haul the train along its track. Some trains have their self-propelled load-carrying vehicles. These engines perform push-pull operations in which the engines are present at the front, rear, or both ends of the trains. Electric engines are widely preferred over diesel engines as they offer high performance, reduce pollution levels, and provide lesser energy and maintenance costs. The increasing urbanization, increasing population, and rising traffic congestion on roads are the major contributors to the rising popularity of these products among the general public. Expansion of rail networks in various developed and developing nations and the rising concern of environmental sustainability among people will aid the growth of the market.

๐†๐ž๐ญ ๐ญ๐ก๐ž ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ (๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐…๐”๐‹๐‹ ๐“๐Ž๐‚, ๐†๐ซ๐š๐ฉ๐ก๐ฌ ๐š๐ง๐ ๐“๐š๐›๐ฅ๐ž๐ฌ) ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ @: https://www.emergenresearch.com/request-sample/1173

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ง๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐‹๐จ๐œ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

Strukton, Alstom SA., Hitachi Ltd., Bombardier Inc., Bharat Heavy Electricals Limited, Brookville Equipment Corporation, CRRC Corporation Limited, AEG Power Solutions, Toshiba Corporation, Siemens AG., Mitsubishi Heavy Industries, Ltd., and Wabtec Corporation.

๐’๐œ๐จ๐ฉ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐‹๐จ๐œ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :

The report performs an accurate estimation of the growth prospects of the different market segments by studying the current market scenario, past performance, demand and supply ratio, production, consumption, sales, and revenue generation of the key players in the upcoming years. The market segmentation provides a 360ยฐ view of the Locomotive Market industry, which turns out to be beneficial for readers interested in this sector.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ง ๐‹๐จ๐œ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ @ https://www.emergenresearch.com/industry-report/locomotive-market

The report studies the impact of the COVID-19 pandemic on the Locomotive Market .The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.

๐’๐จ๐ฆ๐ž ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ ๐…๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ

The passengers segment revenue is expected to increase at a steady rate over the forecast period due to rising adoption of locomotives in passenger railway transport. For instance, in February 2022, Alstom, a French multinational rolling stock manufacturer signed a deal for delivery of up to 50 electric Traxx locomotives to Belgiumโ€™s Sociรฉtรฉ Nationale des Chemins de Fer Belges (SNCB). These new locomotives will be utilized for cross-border and domestic travel in the Netherlands, Belgium, Germany, and Luxembourg.

The electro-diesel segment is expected to register a steady revenue growth rate over the forecast period. An electro-diesel locomotive is a kind of locomotive that could be powered by either electricity or an onboard diesel engine. Dual power facility of electro-diesel locomotives creates a high demand in the market. In September 2020, Siemens received an order from Deutsche Bahn, a German railroad company for up to 400 electro-diesel hybrid locomotives for its cargo fleet.

The Asia Pacific market accounted for largest revenue share in the global locomotive market in 2021 due to increasing development of railway infrastructure and rising demand for electric locomotives in countries across the region, especially in China, Japan, and India. Over the 14th five-year plan period (2021-2025), China is expected to invest around USD 154.88 billion in expanding railway network in the Yangtze River Delta region.

๐“๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ก๐จ๐ฐ ๐จ๐ฎ๐ซ ๐‹๐จ๐œ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐œ๐š๐ง ๐›๐ซ๐ข๐ง๐  ๐๐ข๐Ÿ๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž ๐ญ๐จ ๐ฒ๐จ๐ฎ๐ซ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐ฌ๐ญ๐ซ๐š๐ญ๐ž๐ ๐ฒ: Get Sample PDF

๐†๐ฅ๐จ๐›๐š๐ฅ ๐‹๐จ๐œ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ž๐›๐ฃ๐ž๐œ๐ญ๐ข๐ฏ๐ž๐ฌ:

To provide deep understanding of the Locomotive Market industry.

To highlight the critical data of each segment at extensive level.

To determine key success factors in different segments of Locomotive Market industry.

To highlight the trends in specific sectors.

To give insights into key segments.

To carry economic analysis, build quantitative and financial models of global Locomotive Market industry and individual segments.

To project future performance of the global Locomotive Market industry and identify imperatives.

To identify risks of investing in particular segments and suggest appropriate strategies to mitigate the risks.

To study what held back the Locomotive Market industry during pandemic and forces that are driving up the global Locomotive Market market post-pandemic.

๐“๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐œ๐š๐ง ๐›๐ž ๐œ๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐š๐ฌ ๐ฉ๐ž๐ซ ๐ญ๐ก๐ž ๐ซ๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ; ๐ญ๐š๐ฅ๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐ญ๐ž๐š๐ฆ @ https://www.emergenresearch.com/call-schedule/1173

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง :

๐„๐ฆ๐ž๐ซ๐ ๐ž๐ง ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฅ๐จ๐œ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ, ๐ญ๐ฒ๐ฉ๐ž, ๐œ๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ, ๐ž๐ง๐-๐ฎ๐ฌ๐ž, ๐š๐ง๐ ๐ซ๐ž๐ ๐ข๐จ๐ง:

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž, ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง; ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ)
Gate Turn-Off (GTO) Thyristor
Insulated-Gate Bipolar Transistor (IGBT) Module
Silicon Carbide (SiC) Module

๐“๐ฒ๐ฉ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž, ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง; ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ)
Diesel
Electric
Electro-Diesel
Others

๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž, ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง; ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ)
Rectifier
Alternator
Traction Motor
Inverter
Auxiliary Power Conversion Unit
Others

๐„๐ง๐-๐”๐ฌ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž, ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง; ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ—-๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ)
Freight
Passengers
Others

๐๐ฎ๐ฒ ๐๐จ๐ฐ @ https://www.emergenresearch.com/select-license/1173

Regional Analysis Covers:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

๐Ž๐ญ๐ก๐ž๐ซ ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ :

Nanofilms Market

https://www.prnewswire.co.uk/news-releases/nanofilms-market-size-worth-usd-7-09-billion-by-2027-cagr-of-16-6-emergen-research-803157467.html

Sensor Fusion Market

https://www.prnewswire.co.uk/news-releases/sensor-fusion-market-size-worth-usd-16-72-billion-by-2027-cagr-of-19-6-emergen-research-830830605.html

Silicon Photonics Market

https://www.prnewswire.co.uk/news-releases/silicon-photonics-market-size-worth-usd-4-62-billion-by-2027-cagr-of-22-7-emergen-research-887661716.html

3D Printing Market

https://www.prnewswire.co.uk/news-releases/3d-printing-market-size-worth-usd-28-23-billion-by-2027-cagr-of-13-7-emergen-research-862331985.html

Gene Editing Market

https://www.prnewswire.co.uk/news-releases/gene-editing-market-size-worth-usd-15-79-billion-by-2027-cagr-of-17-2-emergen-research-851627870.html

๐€๐›๐จ๐ฎ๐ญ ๐„๐ฆ๐ž๐ซ๐ ๐ž๐ง ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
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Locomotive Market To Develop Strongly And Cross USD 27.56 Billion in 2030 | Strukton, Alstom SA, Hitachi, Bombardier

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Eric Lee
Emergen Research
+91 90210 91709 sales@emergenresearch.com