Los Angeles, CA -- (SBWire) -- 07/09/2019 --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.
The development of hydrogen-powered locomotive engines is one of the major factors that will gain traction in this market in the coming years. The hydrogen fuel in the roof will produce electricity by mixing hydrogen and oxygen to generate electricity and will emit only condensed water and steam as by-products. This also eliminates the need for overhead cables, making these trains environment-friendly. One of the locomotive engine manufacturers Alstom, has already launched Coradia iLint, a hydrogen cell powered passenger train in Germany in 2016. The train can reach speeds up to 90 mph and has an approximate range of about 500 miles before refueling.
The market is characterized by the presence of a limited number of well-established vendors and is dominated by major players such as General Electric (GE), Caterpillar, and China CNR. Due to the restricted demand for locomotive engines, this market is moderately competitive. The major market players are currently focusing on increasing their customer base and are also investing heavily in R&D. With technological advancements and the introduction of regulations from various governments, the market's competitive environment will likely intensify in the coming years.
The global Diesel Locomotive Engines market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025. This report studies the Diesel Locomotive Engines market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Diesel Locomotive Engines in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
General Electric
Caterpillar
China CNR
Alstom
Bombardier
Siemens
By the product type, the market is primarily split into
Diesel–mechanical
Diesel–electric
Diesel–hydraulic
Diesel–steam
By the end users/application, this report covers the following segments
Passenger
Freight
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Diesel Locomotive Engines Market Size, Segmentation, Top Vendors and Competitive Analysis Till Period, 2019-2025
Diesel Locomotive Engines Market is a detailed report, which presents a combination of industry knowledge and research expertise based on regions too. This report delivers the market trends along with the market size for every individual sector.