Transparency Market Research in its new report titled, “Electric Locomotive Engine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the electric locomotive engine market. The TMR report anticipates that the high efficiency of the electric traction motors coupled with reduced pollution will drive the electric locomotive engine market during the forecast period i.e, 2018-2026.

As per the report, electric traction motors have an efficiency of around 90%, which makes them useful for electric locomotive engines. Moreover, electric locomotive engines are free from pollution, and hence, governing bodies are focusing on incorporating maximum number of trains with an electric locomotive engine. An electric locomotive engine contains very few reciprocating parts, which in turn reduces the engine weight and increases the mechanical efficiency as well as increases engine speed by reducing the friction. Another driver of the electric locomotive engine market is power. Electric locomotive engines are more powerful than diesel powered engines. The cost of an electric locomotive engine reduces drastically as electricity is cheaper than diesel. Therefore, the demand for electric locomotive engines is increasing at a rapid pace, according to the report.

For more information visit here: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=43919

The TMR report expects the electric locomotive engine market to offer significant growth opportunities owing to increased pollution and finite fuel and crude oil sources. These advantages have prompted governing bodies to focus on replacing older locomotive engines with electric locomotive engines. The electric locomotive engine market is split in terms of power supply method, automation level, type of power, components, and geography. Based on power supply method, the market is divided into three segments. The overhead power line method is the most used method of supplying power to the electric locomotive engine owing to its simplicity. On the basis of automation level, the electric locomotive engine market is classified into four segments. The GoA1 segment dominates the market in most regions; however, the higher level of automation is expected to be implemented in the near future.

In terms of type of power, the electric locomotive engine market is divided into two segments. DC motors have high starting torque which make them eligible for faster initial movement, irrespective of load. A DC motor can handle AC supply too. Consequently, the DC powered electric locomotive engines are dominating the market. Based on components, the market is split into thirteen segments. An electric locomotive engine contains numerous components such as electric motors, transformer, inverter, and compressor. From a regional perspective, the electric locomotive engine market is segmented into five prominent regions. North America is leading the global market owing to the higher rate of adoption of technology and automation in the region. The market in China is expanding at a rapid pace. China is expected to dominate the electric locomotive engine market owing to the availability of sources at a lower cost and support from the government.

Prominent players operating in the automotive electric engine market are profiled in this report to give a better competitive analysis and these include Bombardier, Alstom, Siemens Ltd., and CRRC Corporation Limited.

About Us

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

Website: https://www.transparencymarketresearch.com
Email: [email protected]