Plastic Components Market worth 1.49 Billion USD by 2021
The locomotive market for power conversion systems is primarily driven by for expansion of rail network infrastructure, increasing urbanization and environmental sustainability. With growth in urbanization and industrialization, there is going to be a substantial increase in the demand for power and related conversion systems during the forecast period.
Target Audience • Manufacturers of rolling stock • Manufacturers of rolling stock power conversion components • Raw material suppliers for rolling stock or their power conversion components • Transport authorities • Legal and regulatory authorities • Fleet operators
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Scope Of The Report By Technology • IGBT Module • GTO Thyristor • SiC Module By Power Conversion Components: • Rectifier • Inverter • Traction motor • Alternator • Auxiliary power conversion Unit
Key players The locomotive power conversion systems market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Hitachi Ltd (Japan), Siemens AG (Germany), CSR Corporation (China), Bombardier Transportation (Canada), Alstom S.A (France), and AEG Power solutions (Germany) amongst others.
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Asia-pacific: the largest and fastest-growing market for rolling stock power conversion system The asia-pacific region includes key countries such as china, japan, and india. The locomotive market for power conversion system in the region is expected to grow at a promising CAGR, owing to the increasing number of rail infrastructural projects and growing urbanization. According to ministry of railways (india), the ministry has planned to spend approximately USD 142 billion in the next five years on expansion and modernization. Robust economic growth, coupled with the growing urban population leads to increase in demand for power and conversion systems during the forecast period.
BROWSE 73 MARKET DATA TABLES AND 52 FIGURES SPREAD THROUGH 154 PAGES AND IN-DEPTH TOC ON "LOCOMOTIVE MARKET BY POWER CONVERSION COMPONENTS
This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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