Global Railway Propulsion Systems Market 2018-2022: Emergence of Maglev Trains - Key Vendors are ABB, ALSTOM, Bombardier, CRRC, GE & Hitachi - ResearchAndMarkets.com

September 11, 2018

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 trends

Emergence of maglev trains Increasing use of alternative fuel in locomotives Emergence of tilting and driverless trains

Key vendors

ABB 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

View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005594/en/

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SOURCE: Research and Markets

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PUB: 09/11/2018 11:38 AM/DISC: 09/11/2018 11:38 AM


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