Locomotive Market: Size & Trends Shows a Rapid Growth by 2025

The Global Locomotive Market size is expected to grow at an annual average of 9.3% during 2019-2025. A locomotive is a rail transport vehicle powered by diesel, electricity and steam to pull trains or transport rail vehicles on tracks. Locomotives are classified into cargo, passenger and re-powered locomotives. Increasing urbanization is contributing to increasing the popularity of locomotives among the general public.

The following players are covered in this report:

By Technology

  • IGBT Module
  • GTO Thyristor
  • SiC Module

By Locomotive type

  • Diesel Locomotive
  • Diesel Multiple Unit (DMU)
  • Electric Locomotive

By Power Conversion Components:

  • Rectifier
  • Inverter
  • Traction motor

(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)