The global diesel-electric locomotive market size is expected to reach USD 30.14 Billion in 2030 and register a steady revenue CAGR of 7.7 % over the forecast period, according to the latest report by Reports and Data. Increasing support for alternative fuel-powered railway operations given by governments as well as shifting preference towards railway-based public transport as a means of reducing traffic congestion is a major factor driving market revenue growth. Need for personal mobility has increased as income levels have risen, resulting in an increase in road traffic in major cities around the world. However, due to a lack of road network capacity, traffic congestion has worsened, resulting in longer travel times in metropolitan areas. Urban planners and local governments are integrating rapid transit networks and locomotives with existing city infrastructure to address this issue. Commuters are also on the lookout for environmentally clean, dependable, and cost-effective modes of transportation.
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Market analysts at Reports and Data estimate that the global power energy market will reach a huge market size of USD XX billion by 2028, with a CAGR of XX% throughout the forecast period. As the global population grows, urbanization is speeding up, industrial operations are on the rise, electricity power demand is increasing substantially, and energy resources are being used more widely for residential, industrial and commercial purposes. These factors all contribute to the global market revenue growth. A growing number of government investments in the energy and power industry, the increase in power energy generation activities, the rise in oil gas production and exploration, the rapid adoption of renewable and sustainable energy resources, and their increasing use in manufacturing, transportation logistics, healthcare, information technology, and agriculture contribute to revenue growth for this industry.
Top companies profiled in the report are:
- CRRC
- Bombardier
- Alstom
- Siemens
- Wabtec Corporation
- Hyundai Rotem (Hyundai Motor Group)
- Hitachi Ltd.
- Toshiba Corporation
- Stadler Rail AG
- Vivarail Ltd
Regional Segmentation:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Key Points Explained in the Regional Outlook Section:
- Regional market revenue share over the forecast period
- Key factors contributing to the regional market growth over the forecast period
- Vital information related to each regional market
- Leading companies in each regional market, as well as the leading products of these companies
- Detailed study of the supply demand ratios and production consumption patterns in each regional market
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Diesel-Electric Locomotive Market Segmentation:
Type Outlook:
- Locomotives
- Rapid Transit Vehicle
- Rail Wagons
Application Outlook:
- Passenger
- Freight
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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