Railway propulsion system are a set of interconnected components that are used to drive locomotives, carriages, and wagons. Propulsion system includes diesel or electric locomotives along with an alternator to convert mechanical energy to electric energy and a traction motor is used to transfer electric energy to wheel of rolling stock using axle and driving gear units resulting in linear motion. Furthermore, technological advancement has led to development of superior semiconductor devices such as insulated gate bipolar transistor (IGBT) and thyristors, reliable AC induction motors, and electrification of locomotives & railroad. Thus, incorporation of traction motors has lowered emission, reduced manufacturing & maintenance cost, and improved the performance of locomotives.
๐๐๐ญ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ – https://www.alliedmarketresearch.com/request-toc-and-sample/12652
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Rise in government spending on railway projects, cost-effectiveness of rail freight, and rise in technological advancement in railway propulsion system is expected to drive growth of the market.
However, stringent emission norms for locomotives, high maintenance cost, and rise in price of fuel can hamper the growth of the market.
Moreover, emergence of maglev trains, rise in e-commerce logistics & transportation, and rise in demand for alternative fuel in locomotives act as an opportunity for growth of the market.
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Technological advancement has a significant impact on the propulsion systems of maglev trains. It has resulted in emergence of various technologies that will increase the speed of travelling with improved safety and comfort. Maglev trains also known as magnetic levitation train that uses two sets of magnets one set to repel and push the train up off the track and another set to move the elevated train ahead.
For instance, in 2021 China has developed a prototype of super bullet maglev train that travels at a maximum speed of 630 kilometres per hour. Moreover, Japan is also constructing a new high speed railway line between Tokyo and Nagoya for maglev train. In 2020 Indiaโs BHEL partnered with Swiss Rapide AG to bring maglev trains to India. All these new developments in railways system act as opportunity for growth ofย railway propulsion system market.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ – https://www.alliedmarketresearch.com/purchase-enquiry/12652
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ABB,
ALSTOM,
Bombardier,
CRRC,
General Electric,
Hitachi,
Hyundai Rotem,
Siemens,
Mitsubishi Heavy Industries,
Toshiba
Key Benefits of the Report:
- This study presents the analytical depiction of the railway propulsion system market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the railway propulsion system market.
- The current market is quantitatively analyzed from 2020 to 2030 to highlight the railway propulsion system market growth scenario.
- The report provides detailed railway propulsion system market analysis based on competitive intensity and how the competition will take shape in coming years.
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