Research and Markets - Global Electric Locomotive Engines Market 2017-2021 - Key Vendors are ALSTOM, China CNR & Siemens

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May 03, 2017, 10:00 ET

DUBLIN, May 3, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Electric Locomotive Engines Market 2017-2021" report to their offering.

The global electric locomotive engines market to grow at a CAGR of 3.65% during the period 2017-2021.

The report covers the present scenario and the growth prospects of the global electric locomotive engines market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.

Increasing number of passengers and freight volumes drive the electric locomotive engines market in various regions. Rising concerns regarding pollution and declining air quality have pushed government bodies and private stakeholders to upgrade from diesel-electric locomotives to energy-efficient and non-polluting electric locomotives. In terms of speed and reliability, electric locomotives are more efficient than their diesel-electric counterparts.

One trend in market is emergence of dual-mode locomotive trains. Annually, about $3 billion worth fuel is used in India for powering the diesel locomotives of the country. The Indian government plans to electrify about 22,000 miles of rails and introduce electric engine locomotives to reduce the dependence on diesel engines. Since the Indian Railways has a limited borrowing capacity, raising funds for building infrastructure for rail electrification will be difficult.

Further, the report states that one challenges in market is augmented cost of rail electrification and freight volumes. Electric locomotive engines provide an economical mode of freight and passenger transport. Electric rails for freight and passenger transport require less fuel and save travel time, thereby ensuring efficiency in transportation.

Market Dynamics

Market drivers

Stringent emission standards for diesel locomotive engines
Increasing preference for non-polluting and energy-efficient transport
Increasing government expenditure on developing rail systems for public transport

Market challenges

Augmented cost of rail electrification and freight volumes
Heavy dependence on road for freight movement
Rising preference for road transport for passenger mobility

Market trends

Emergence of dual-mode locomotive trains
Use of autonomous locomotive engines for long-distance transport
Emergence of hydrogen-powered locomotive engines

Key vendors

ALSTOM
China CNR
Siemens

Other prominent vendors

CAF
MITSUI & Co., Ltd (MITSUI)
KODA AUTO
Talgo

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by application

Part 07: Geographical segmentation

Part 08: Key leading countries

Part 09: Market drivers

Part 10: Impact of drivers

Part 11: Market challenges

Part 12: Impact of drivers and challenges

Part 13: Market trends

Part 14: Vendor landscape

Part 15: Key vendor analysis

Part 16: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/5g886j/global_electric

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SOURCE Research and Markets