Locomotive Market by Hitachi Ltd., CRRC Corporation Limited, Bombardier Inc., Alstom S.A.and ABB.

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Locomotive Market by Power Conversion Components
(Rectifier, Inverter, Alternator, APU Traction
Motor), Technology (IGBT, GTO SiC), Rolling
Stock Type (Diesel Electric Locomotive, DMU
EMU), and Region - Global Trends and Forecast to
2021.
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The locomotive power conversion system market is
primarily driven by the growing demand for energy
efficient locomotives and increasing urbanization
around the globe. The locomotive market for
power conversion systems is projected to grow at
a CAGR of 2.92, to reach a market size of USD
4.27 billion by 2021. Download our free PDF
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• Traction motor is projected to dominate the
  locomotive market for power conversion systems
  during the forecast period, in terms of value.
  The high demand for traction motors can be
  attributed to the benefits offered by this
  component, as it helps in improving the
  efficiency by reducing losses, which can be
  categorized into iron losses, copper losses,
  mechanical losses, and harmonic losses.
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Browse gtgt 73 market data
tables 52 figure
154 pages and in-depth TOC on Locomotive
Market - Global Forecast to 2021 Early buyers
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US8150 This study answers several questions for
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With the advancement in technology from GTO
thyristor module to IGBT module, there is
significant reduction in energy consumption that
leads to reduction in life-cycle costs of the
locomotive. Additionally, the pressure of
locomotive operators to maintain and enhance the
railways image as the most environmentally
friendly mode of transport has forced them to
develop technologies such as IGBT module and SiC
inverter.
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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. Request for sample https//www.ma
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412
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Locomotive Market Key Players   The locomotive
market for power conversion systems is dominated
by a few global players such as Hitachi Ltd.
(Japan), CRRC Corporation Limited (China),
Bombardier Inc. (Canada), Alstom S.A. (France)
and ABB (Switzerland). For instance, Hitachi Ltd.
has strong product offering and they have
invested heavily in RD to retain their market
position. 
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