Global Railway Propulsion Systems Market 2018-2022

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NEW YORK, Sept. 13, 2018 /PRNewswire/ — About Railway Propulsion Systems

Railway propulsion system is a set of interconnected components that are used to drive locomotives, carriages and wagons. The market covers the propulsion system which consists of diesel or electric locomotive, an alternator to convert mechanical energy to electric energy and a traction motor to transfer electric energy to wheels of rolling stock using axle and driving gear units.

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Technavio’s analysts forecast the global railway propulsion systems market to grow at a CAGR of 2.54% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global railway propulsion systems market for 2018-2022. This railway propulsion systems industry research report provides a detailed analysis of the market by application (diesel locomotives and electric locomotives) and geography (the Americas, APAC, and EMEA).

The market is divided into the following segments based on geography:
• Americas

Technavio’s report, Global Railway Propulsion Systems Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Bombardier
• Hitachi

Market driver
• Increased government spending on railway projects
• For a full, detailed list, view our report

Market challenge
• Stringent emission norms for locomotives
• For a full, detailed list, view our report

Market trend
• Emergence of titling and driverless trains
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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