Market Research Future (MRFR) has launched a new release on the global Locomotive Market Revenue Size. The report presents a thorough overview of the global [FURL=https://www.marketresearchfuture.com/reports/locomotive-market-1889] Locomotive Market Revenue Size[/FURL] on the back of a detailed analysis of the Market Revenue’s historical growth trajectory and leading segments. The Market Revenue’s historical growth trajectory is assessed in detail in the report in order to understand the major factors underlying the Market Revenue’s growth in the study period. Locomotive Market Revenue Research Report: Information, by Type (Diesel, Electric, and Others), Technology (IGBT Module, GTO Thyristor, and SiC Module), Component (Rectifier, Inverter, Traction Motor, Alternator, and Others), and Region (North America, Europe, Asia-Pacific, and the Rest of the World)– Forecast till 2025
Bharat Heavy Electricals Limited, Berliner Maschinenbau, Lokomo, China Northern Rail Corporation Limited, Bombardier Transportation, Brookville Equipment Corporation, GE Transportation, Alstom Ferroviaria S.p.A are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Locomotive Market Revenue.
Locomotive Market Revenue – Overview
Builders are ramping up production and at the same time continuing to tweak product lines in order to meet railroads efficiency and environmental-compliance needs along with demands for enhanced electronics associated with distributed power initiatives and positive train control (PTC) implementation.
Increasing rate of urbanization is contributing towards the growth of locomotive industry among the general public. Expansion of rail networks in majority of developed as well as developing nations as well as increasing concern amongst the individuals regarding environmental sustainability has lead to a positive impact on the global locomotives Market Revenue. Significant investment by authorities across the globe in development of railway infrastructure for freight and high speed trains has also resulted in the growth of global Locomotive Market Revenue.
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Locomotive Market Revenue – Competitive Analysis
The global Locomotive Market Revenue was significantly affected by the economic downturn in 2008-2010. Many operators chose to rehabilitate old locomotives instead of acquiring new ones. Companies such as Alstom or Siemens signed valuable contracts with the national Russian operator RZD.
Product innovation and a widespread need for fleet renewal will drive the electric Locomotive Market Revenue. An increasing trend towards local suppliers is evident in Eastern Europe. New electric locomotive manufacturers with their production facilities include Pesa and ZNLE in Poland, the Czech manufacturer Skoda, and Tülomsas in Turkey.
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