Rail Propulsion Systems Market Could Experience Huge Growth By 2030 | ABB, ALSTOM, Bombardier, CRRC, GENERAL ELECTRIC
Railway Propulsion Systems Market Report with COVID-19 Impact Analysis 2021 to 2030. The global market segmented by type, applications, end users, and region.
PORTLAND, ORAGON, USA, Dec 31, 2021 /EINPresswire.com/ – Rail Propulsion Systems Market Outlook 2030 –
The railway propulsion system is a set of interconnected components that are used to drive locomotives, cars and rail cars. The propulsion system includes diesel or electric locomotives as well as an alternator to convert mechanical energy into electrical energy and a traction motor is used to transfer electrical energy to the wheels of rolling stock using axles and of gears causing linear motion. In addition, this engine is used for its superior reliability, simplified construction and better performance. The traction motor is suspended at three points between the bogie frame and the drive axle, called the front suspension traction motor. Additionally, technological advancements have led to the development of premium semiconductor devices such as insulated gate bipolar transistor (IGBT) and thyristors, reliable AC induction motors, and electrification of locomotives and railroads. iron. Thus, the incorporation of traction motors reduced emissions, reduced manufacturing and maintenance costs, and improved locomotive performance.
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Major players analyzed in the report include ABB, ALSTOM, Bombardier, CRRC, GENERAL ELECTRIC, Hitachi, Hyundai Rotem, Siemens, Mitsubishi Heavy Industries and Toshiba
COVID-19 impact analysis:
Due to the COVID-19 pandemic, the government of all countries has declared the lockdown and various other restrictions. Lockdown on the rail industry had disrupted railroad manufacturing, and demand for rail transportation also fell. Additionally, due to the social distancing standard and other restrictions, the unavailability of labor has delayed the manufacturing process. Since then, the railway manufacturing has ceased, the demand for railway propulsion system has been affected. In addition, the raw material needed to manufacture the rail propulsion system was also unavailable, which disrupted the entire operation. Globally, the railroad is an evolving industry that has been disrupted by the COVID-19 pandemic, but it is expected that after the pandemic, demand for advanced technologies will drive the growth of the systems market. of railway propulsion.
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Main impact factors
Increased government spending in rail projects, profitability of rail freight, and increasing technological advancement in rail propulsion system are expected to drive the market growth.
However, stringent emissions standards for locomotives, high maintenance costs, and rising fuel prices can hamper market growth.
In addition, the emergence of maglev trains, increased e-commerce logistics and transportation, and increased demand for alternative fuel in locomotives provide an opportunity for market growth.
The emergence of maglev trains
Technological advancements have a significant impact on the propulsion systems of maglev trains. This has resulted in the emergence of various technologies that will increase the speed of travel with improved safety and comfort. Maglev trains, also known as a magnetic levitation train, use two sets of magnets, one to push and push the train out of the track and the other to move the elevated train forward. In addition, it uses an electric linear motor to achieve the propulsion, here the stator is laid flat and the rotor rests on top. When the stator develops a magnetic field, the rotor produces straight line motion. For example, in 2021, China developed a prototype high-speed maglev train that travels at a maximum speed of 630 kilometers per hour. In addition, Japan is also building a new high-speed rail line between Tokyo and Nagoya for the maglev train. In 2020, BHEL in India partnered with Swiss Rapide AG to bring maglev trains to India. All of these new developments in the rail system provide an opportunity for growth in the rail propulsion systems market.
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Main advantages of the report:
This study presents the analytical description of the Railway Propulsion Systems market along with current trends and future estimates to determine impending investment pockets.
The report presents information related to key drivers, restraints, and opportunities as well as challenges in the Railway Propulsion Systems market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the Railway Propulsion Systems market.
The report provides a detailed analysis of the Railway Propulsion Systems market based on the intensity of the competition and how the competition will take shape in the coming years.
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Questions Answered in the Railway Propulsion Systems Market Research Report:
Who are the major market players active in the Rail Propulsion System market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the coming years?
What are the driving factors, restraints, and opportunities in the Railway Propulsion Systems market?
What are the projections for the future that could help take further strategic action?
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