Global Railway Propulsion Systems Market 2018-2022: Emergence of Maglev Trains - Key Vendors are ABB, ALSTOM, Bombardier, CRRC, GE & Hitachi - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The “Global Railway Propulsion Systems Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The global railway propulsion systems market to grow at a CAGR of 2.54% during the period 2018-2022.
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.
According to the report, one of the major drivers for this market is the cost effectiveness of rail freight over other modes of transportation. Rail transport consumes lesser fuel than road transport and can carry more goods at a time and hence more cost effective. Rail freight are also faster than sea transport. These advantages of rail freight over other modes of transport will drive the growth of the railway propulsion systems market.
Maglev trains are trains with the most advanced railway propulsion system. These trains can move at very high speeds by using attraction and repulsion principles of electromagnetic force. Maglev trains will reduce the travel time and provide with maximum safety and comfort. Thus, the emergence of maglev trains will be a major trending point for the growth of electric propulsion systems.
Further, the report states that one of the major factors hindering the growth of this market is the delay in execution of railway projects. Projects might get delayed due to insufficient funds, regulatory obligations, environmental impact issues and technical drawbacks. These delays have a negative impact on the growth of the railway propulsion systems market.
Market trendsEmergence of maglev trains Increasing use of alternative fuel in locomotives Emergence of tilting and driverless trains
Key vendorsABB ALSTOM Bombardier CRRC GE Hitachi
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Application
Part 08: Customer Landscape
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/h548jb/global_railway?w=4
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INDUSTRY KEYWORD: TRANSPORT RAIL
SOURCE: Research and Markets
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PUB: 09/11/2018 11:38 AM/DISC: 09/11/2018 11:38 AM