Global Locomotive and Rail Powertrain Systems Market
The global locomotive and rail powertrain systems market is becoming more complex and is witnessing a drastic change with innovative technologies on emission controls emerging as critical factors. Challenges such as global economic conditions, ageing locomotive fleet, high fuel costs, and stringent emission regulations have started to change the dynamics of the global locomotive market. In fact, original equipment manufacturers (OEMs) and suppliers have started to address some of the issues with core emphasis on technologies that monitor and control emission and this has allowed them to become key differentiators within the industry. With rail engines over the following decades expected to account for a large share of the overall emissions, global environmental agencies such as Environmental Protection Agency (EPA) and European Environment Agency (EEA) have started to adopt strict standards to keep a check on diesel particulate matter and nitrogen oxide. OEMs world over are forced to re-invent themselves that potentially would lead to newer trends being set in the future.
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