Global Railway Propulsion Systems Market 2018-2022
About Railway Propulsion Systems
Railway propulsion system is a set of interconnected components that are used to drive locomotives, carriages and wagons. The market covers the propulsion system which consists of diesel or electric locomotive, an alternator to convert mechanical energy to electric energy and a traction motor to transfer electric energy to wheels of rolling stock using axle and driving gear units.
Technavio’s analysts forecast the global railway propulsion systems market to grow at a CAGR of 2.54% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global railway propulsion systems market for 2018-2022. This railway propulsion systems industry research report provides a detailed analysis of the market by application (diesel locomotives and electric locomotives) and geography (the Americas, APAC, and EMEA).
The market is divided into the following segments based on geography: