This market research report offers in-depth information on the global generator market in railways by geography (the Americas, APAC, and EMEA). Leading vendors in this market are ABB, GE, Harrington, Stadco Generators, and Traktionssysteme.
Technavio’s market research analysts estimate the global generator market in railways to grow at a CAGR of 5% between 2016 and 2020. Generators in railway locomotives are used both as a source of electric power for the traction motors as well as a backup source of electric power required to operate air conditioners, lights, and fans inside a coach. Besides, they also provide the power required by the electronic and communication equipment installed on the locomotives. APAC dominates the global generator market in railways, owing to vast technological developments which will help the railways to save a lot of money while increasing passenger capacity.
The new market research report from Technavio provides a breakdown and analysis of the generator segments by technology.
“Many countries are investing in railway related infrastructure to make it easier for citizens to travel to different locations, whether it is for work or pleasure. Infrastructure investment will be split between setting up new connections as well as upgrading older systems. Quite a few people prefer train travel as it is economical and safe. One can also expect increased production of new trains and coaches during the predicted period, which in turn will drive the need for more efficient generators. Newer train engines and generators will also be more environmentally friendly,” says Anju Ajaykumar, Lead Analyst, Heavy Industry, Technavio Research
Clogged highways and long commutes are compelling governments and citizens to look for alternatives. The advent of facilities like intra-city train services and light rail will help commuters get to and from places faster. Even though there are a lot of low-cost airlines, rail is still the preferred mode of transportation for many, especially in large metros. Many countries are investing in high-speed train technology, which is expected to revolutionize travel and also drive up the demand for efficient generators over the next few years.
The latest trends in the global generator market in railways include ABB, GE, Harrington, Stadco Generators, and Traktionssysteme. This marketplace is very fragmented owing to the presence of a lot of suppliers, both regional and international. While international vendors dominate the marketplace, regional providers are able to supply lower cost options. Many vendors are able to include innovations in their products in spite of stiff competition.
A more detailed analysis is available in the Technavio report, Global Generator Market in Railways 2016-2020.
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