The Key Players in Global Generator Market in Railways 2016-2020

Wednesday 18 May 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the Global Generator Market in Railways: ABB, GE, Harrington, Stadco Generators, and Traktionssysteme Austria.

Other Prominent Vendors in the market are: Caterpillar, Crompton Greaves, Jenoptik, Kirloskar Electric, Sherwood Electromotion, and Toshiba.

Commenting on the report, an analyst said: “An emerging trend in the global market is the development of high-speed rail network. The global market for high-speed railways in 2015 was approximately worth $114 billion. The market is predicted to grow at a CAGR of around 4% during the forecast period. The rise in passenger and freight traffic primarily in APAC and Europe has been driving the global market for high-speed railways, causing it grow at a significant rate. The rapid growth in developing countries such as China, in terms of both economy and infrastructure, has significantly expanded the demand for high-speed rail over the past 20 years.”

According to the report, a key growth driver is the increased use of electro-diesel locomotives. The use of electro-diesel locomotives, better known as dual-mode locomotives, has come into prominence since early 2010s. These locomotives have, since then, been undergoing several innovative changes in terms of design to gain enhanced popularity. Electro-diesel locomotives have significant advantages over the conventional diesel locomotives. This type of locomotive can run as an electric locomotive using electrified lines, which reduces the consumption of diesel and, in turn, reduces harmful emissions.

Further, the report states that one challenge that could restrict market growth is the rise in preference for airline services.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.