AaronSmithh (2)

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• Plastic Components Market worth 1.49 Billion USD
  by 2021

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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.
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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

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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
systemThe 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.
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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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