Diesel Locomotive Engines market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Diesel Locomotive Engines market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Diesel Locomotive Engines market size of various segments.
Diesel locomotive engines are used for transporting large amounts of freight due to its ability to move a large amount of freight at less fuel, increased speed, and safety. Railways are mainly used for transporting passengers and freight. Roadways are the largest contributor in the transport sector. However, due to increasing concerns regarding pollutions caused by vehicular emissions, rising fuel costs, and traffic congestion, freight companies are moving more and more toward the rail mode of transportation.
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Diesel Locomotive Engines market projected to grow at a CAGR of 2.82% during the period 2017-2021.
Diesel Locomotive Engines Market Drivers, Challenges and Trends: –
Market Driver: – One driver in the market is economic and non-polluting mode of freight transport. increase in the rate of congestion at highways is the primary factors that are detrimental to transporting freight through road. highway congestion increases fuel and time wastage, which ultimately causes less freight to be transported through the network. congestion on the highways in the americas is estimated to cause a loss of more than $100 billion in terms of fuel wastage of multi-billion gallons. other factors such as cargo delay and loss of productivity will contribute to reducing further economy of road mode of freight transport.
Market Challenge: – One challenge in the market is emission standards for diesel locomotive engines. the transportation sector accounts for about 25% of the global greenhouse gas emissions where vehicles running on fossil fuels (diesel and gasoline) contribute to 95% of the emissions. the emission norms formulated by the different countries of the world mostly consider emission levels of road transport as they constitute the majority. rail transport attributed to roughly 1% of the global carbon dioxide emissions whereas road transport attributed to about 20% of the carbon dioxide emissions in 2015. the increasing rate of electrification since the 1990s has reduced the dependence of locomotives on steam and fossil fuels.
Market trend: – One trend in the market is hydrogen-powered locomotive engines. Alstom, a locomotive engine manufacturer, launched Coradia iLint, a hydrogen cell powered passenger train in Germany in 2016. This train does not require overhead electric cables for power and is non-polluting to the environment. The train is fueled by hydrogen fuel, which is placed on the roof and produces electric energy by mixing hydrogen and oxygen to generate electricity. This system emits only condensed water and steam as by-products. Since these trains run independently on hydrogen fuel, they do not need expensive infrastructural changes where lengthy kilometers of rail need to be electrified
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Market segmentation by application:- diesel locomotive engine market by freight segment, diesel locomotive market by passenger segment
Geographic Segmentation: – Americas, APAC, EMEA
To calculate the Diesel Locomotive Engines market size the report considers the major drivers that influence the growth of the global diesel locomotive engine market. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Diesel Locomotive Engines market like General Electric, Caterpillar, China CNR, Alstom, Bombardier and many more.
Some of the Exhibits included in Diesel Locomotive Engines Market report: –
Exhibit 01: Product offerings
Exhibit 02: Types of passenger rail transport
Exhibit 03: Types of rail transport for freight
Exhibit 04: Segmentation of global diesel locomotive engine market
Exhibit 05: Global diesel locomotive engine market 2015-2020 (number of units)
With geographic breakdown of the Diesel Locomotive Engines market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.