Market Overview:
The global rolling stock power conversion system market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and rising concerns about environment pollution. The locomotives segment is expected to hold the largest share of the global rolling stock power conversion system market in 2018, followed by metros, monorails, trams, freight wagons and passenger coaches segments. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rapid urbanization and industrialization in countries such as China and India.
Product Definition:
A Rolling Stock Power Conversion System is a system that converts power from one form to another, usually to provide electricity for trains. The importance of this system is that it allows the trains to run on electricity, which is more efficient and environmentally friendly than running them on diesel.
Locomotives:
Locomotives are the prime movers in Rolling Stock Power Conversion System. They are mechanical devices used to convert the energy derived from a source, such as diesel engines or electric motors, into rotary motion.
1) Direct Drive system uses a mechanical advantage to directly drive the wheels with no gear reduction;.
Metros:
Metros are the primary electrical components used in Rolling Stock Power Conversion System. It is a device that helps to convert the AC power into DC power suitable for driving traction motors and other systems of railway vehicles. The metros are available in different configurations, sizes, and efficiencies based on their applications.
Application Insights:
The locomotive application segment accounted for the largest revenue share of over 60% in 2017. The segment is projected to witness significant growth on account of increasing demand for high-power DC locomotives from metros and other passenger rail services. Increasing preference for dieselization of freight trains has resulted in a decline in the number of goods wagons, which is expected to drive the demand for GRPCCS over the forecast period.
The metro application segment was valued at USD 1,227.6 million in 2017 and is anticipated to grow at a CAGR exceeding 6% from 2018 to 2030 owing to rising urbanization along with improved infrastructure spending by local governments across various regions globally. Metro systems are generally considered as high-power AC systems since they use electric multiple units (EMUs) with maximum power output ranging between 750 and 3,000 HP coupled with automatic train control system (ATCS).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in electrification of rail infrastructure and rising adoption of renewable energy sources for power generation. For instance, China has electrified more than 13,000 km length of track and plans to complete the task by 2020. This will lead to an increase in demand for rolling stock power conversion systems across Asia Pacific region over the next few years.
Europe Rolling Stock Power Conversion System Market Analysis By Country (Germany, U.K.
The European region accounted for a share of 24% in 2017 owing to high adoption rate electric locomotives across countries such as Germany and UIC due to government initiatives encouraging environment-friendly vehicles on railways network which is further anticipated would drive demand rolling stock power conversion system market growth over next eight years till 2030 timeframe occurs).
Growth Factors:
- Increasing demand for Rolling Stock Power Conversion System from the transportation sector as a result of the growth in global population and rise in income levels.
- Growing demand for Rolling Stock Power Conversion System from renewable energy sources to reduce environmental pollution and meet climate change goals.
- Development of new technologies and products that improve the efficiency, performance, and reliability of Rolling Stock Power Conversion Systems.
- Expansion of existing rail networks and development of new rail lines across various regions worldwide to accommodate increasing passenger traffic volume.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rolling Stock Power Conversion System Market Research Report
By Type
Locomotives, Metros, Monorails, Trams, Freight Wagons, Passenger Coaches
By Application
Alternator, DC Generator
By Companies
ABB, Alstom, Bombardier, CRRC Corporation Ltd., Hitachi Ltd., Siemens AG, Strukton, Toshiba Corporation, Turbo Power Systems, Trimble Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Rolling Stock Power Conversion System Market Report Segments:
The global Rolling Stock Power Conversion System market is segmented on the basis of:
Types
Locomotives, Metros, Monorails, Trams, Freight Wagons, Passenger Coaches
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Alternator, DC Generator
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Alstom
- Bombardier
- CRRC Corporation Ltd.
- Hitachi Ltd.
- Siemens AG
- Strukton
- Toshiba Corporation
- Turbo Power Systems
- Trimble Inc.
Highlights of The Rolling Stock Power Conversion System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Locomotives
- Metros
- Monorails
- Trams
- Freight Wagons
- Passenger Coaches
- By Application:
- Alternator
- DC Generator
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rolling Stock Power Conversion System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A rolling stock power conversion system is a type of electrical power supply that converts mechanical energy into electrical energy to operate locomotives, railcars, and other rolling stock.
Some of the major players in the rolling stock power conversion system market are ABB, Alstom, Bombardier, CRRC Corporation Ltd., Hitachi Ltd., Siemens AG, Strukton, Toshiba Corporation, Turbo Power Systems, Trimble Inc..
The rolling stock power conversion system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rolling Stock Power Conversion System Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Rolling Stock Power Conversion System Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rolling Stock Power Conversion System Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Rolling Stock Power Conversion System Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Rolling Stock Power Conversion System Market Size & Forecast, 2020-2028 4.5.1 Rolling Stock Power Conversion System Market Size and Y-o-Y Growth 4.5.2 Rolling Stock Power Conversion System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Locomotives
5.2.2 Metros
5.2.3 Monorails
5.2.4 Trams
5.2.5 Freight Wagons
5.2.6 Passenger Coaches
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Alternator
6.2.2 DC Generator
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rolling Stock Power Conversion System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rolling Stock Power Conversion System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Locomotives
9.6.2 Metros
9.6.3 Monorails
9.6.4 Trams
9.6.5 Freight Wagons
9.6.6 Passenger Coaches
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Alternator
9.10.2 DC Generator
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Locomotives
10.6.2 Metros
10.6.3 Monorails
10.6.4 Trams
10.6.5 Freight Wagons
10.6.6 Passenger Coaches
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Alternator
10.10.2 DC Generator
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Locomotives
11.6.2 Metros
11.6.3 Monorails
11.6.4 Trams
11.6.5 Freight Wagons
11.6.6 Passenger Coaches
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Alternator
11.10.2 DC Generator
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Locomotives
12.6.2 Metros
12.6.3 Monorails
12.6.4 Trams
12.6.5 Freight Wagons
12.6.6 Passenger Coaches
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Alternator
12.10.2 DC Generator
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Locomotives
13.6.2 Metros
13.6.3 Monorails
13.6.4 Trams
13.6.5 Freight Wagons
13.6.6 Passenger Coaches
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Alternator
13.10.2 DC Generator
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rolling Stock Power Conversion System Market: Competitive Dashboard
14.2 Global Rolling Stock Power Conversion System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Alstom
14.3.3 Bombardier
14.3.4 CRRC Corporation Ltd.
14.3.5 Hitachi Ltd.
14.3.6 Siemens AG
14.3.7 Strukton
14.3.8 Toshiba Corporation
14.3.9 Turbo Power Systems
14.3.10 Trimble Inc.