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Locomotive Market by Power Conversion Components (Rectifier, Inverter, Alternator, APU & Traction Motor), Technology (IGBT module, GTO Thyristor Module & SiC Module), Rolling Stock Type, and by Region - Global Trends and Forecast to 2021

Locomotive Market by Power Conversion Components (Rectifier, Inverter, Alternator, APU & Traction Motor), Technology (IGBT module, GTO Thyristor Module & SiC Module), Rolling Stock Type, and by Region - Global Trends and Forecast to 2021

Increased rail infrastructure investment and technological advancement, are expected to fuel the demand for power conversion systems”
The Locomotive market for power conversion systems is projected to grow at a CAGR of 2.92%, to reach a market size of USD 4.27 billion by 2021. Major factor driving the growth of the locomotive market for power conversion systems is rapid urbanization in emerging economies. In view of the rapid growth in urbanization and industrialization, the need for power and conversion systems is anticipated to increase during the forecast period. Moreover, this will require a substantial increase in power generation capacity and in turn infrastructure investments in this segment.

“Increase in need for energy efficient technologies will give rise to demand for IGBT power modules”
The market for IGBT power modules is anticipated to gradually replace the market for GTO Thyristor modules, owing to the advantages offered in terms of efficiency and power density, and the ability to provide more power in a smaller space.

Traction motor is the fastest growing segment among locomotive power conversion components”
Due to increasing need for development of energy efficient solutions for power conversion systems, there have been advancements in traction motors, which is driving the demand for energy efficient traction motors. The increase in the demand for traction motors can be attributed to the benefits offered such as weight reduction and decreased fuel consumption.

“Asia-Pacific: Fastest-growing market for locomotive market for power conversion systems”
The Asia-Pacific is estimated to dominate the locomotive market for power conversion systems, and is projected to grow at the highest CAGR during the forecast period. This growth can be credited to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. The sizeable populations in countries such as China and India have resulted in increase in need for public transport, which in turn has resulted in an increase in the number of government rail projects.

BREAKDOWN OF PRIMARIES
The study contains insights provided by various industry experts, ranging from component suppliers to Tier-1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type – Tier-1 - 55 %, Tier-2 - 20%, and Tier 3 - 25%
By Designation - C level - 75%, Manager level – 25%
By Region - North America - 10%, Europe - 20%, Asia-Oceania - 40% and RoW -30%

With the advancement in technology and government norms, OEMs are investing heavily in R&D activities to provide better more fuel-efficient products. One such new technology is the SiC power module which is currently in the introduction phase. This technology offers better efficiency in terms of reduced power loss and overall weight reduction and is anticipated to grow in the near future.

The report provides detailed profiles of the following companies:
Siemens AG (Germany)
CRRC Corporation Limited (China)
Bombardier Inc. (Canada)
Alstom S.A. (France)
Wabtec Corporation (U.S.)
Hitachi Ltd. (Japan)
Toshiba Corporation (Japan)
Strukton (Netherlands)
AEG Power solutions (Germany)
Turbo Power Systems (England)

Study Objectives
To define, describe, and project the locomotive power conversion system market on the basis of rolling stock type, components, technology and region
To analyze the opportunities offered by various segments of the market to stakeholder
To analyze the regional markets for growth trends, future prospects, and their contribution to the overall market
To track and analyze competitive developments such as joint ventures, mergers and acquisitions, new product launches, expansions, and other industry activities carried out by key industry participants

The Key stakeholders for this study are:
Manufacturers of rolling stock
Manufacturers of rolling stock power conversion components
Raw material suppliers for rolling stock or their power conversion components
Transport authorities
Legal and regulatory authorities
Fleet operators

SCOPE OF THE REPORT
By Technology
IGBT Module
GTO Thyristor
SiC Module
By Power Conversion Components:
Rectifier
Inverter
Traction motor
Alternator
Auxiliary power conversion unit
By Locomotive type
Diesel Locomotive
Diesel Multiple Unit (DMU)
Electric Locomotive
Electric Multiple Unit (EMU)
By Region
North America
Europe
Asia-Pacific
RoW


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED IN THE REPORT
    • CURRENCY
    • PACKAGE SIZE
    • STAKEHOLDERS
    • LIMITATIONS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
    • SECONDARY DATA
      • KEY SECONDARY SOURCES
      • KEY DATA FROM SECONDARY SOURCES
    • PRIMARY DATA
      • SAMPLING TECHNIQUES & DATA COLLECTION METHODS
      • PRIMARY PARTICIPANTS
    • FACTOR ANALYSIS
      • INTRODUCTION
      • DEMAND SIDE ANALYSIS
      • SUPPLY SIDE ANALYSIS
    • MARKET SIZE ESTIMATION
      • ASSUMPTIONS
      • OTHER ASSUMPTIONS
  • EXECUTIVE SUMMARY
    • INTRODUCTION
    • ASIA-PACIFIC TO LEAD THE LOCOMOTIVE POWER CONVERSION SYSTEM MARKET IN TERMS OF VALUE AND FUTURE GROWTH
    • TRACTION MOTOR TO LEAD THE LOCOMOTIVE POWER CONVERSION SYSTEM MARKET (VALUE)
    • IGBT MODULE TO REPLACE THE GTO MODULE IN THE NEAR FUTURE
      • LOCOMOTIVE POWER CONVERSION SYSTEM MARKET IS LED BY DIESEL LOCOMOTIVES
  • PREMIUM INSIGHTS
    • LOCOMOTIVE POWER CONVERSION SYSTEM MAREKT SIZE (VALUE), 2016 VS. 2021
    • LOCOMOTIVE POWER CONVERSION SYSTEM MARKET SIZE (VALUE), BY REGION & BY ROLLING STOCK TYPE, 2016
    • REGIONAL MARKET SHARE OF POWER CONVERSION SYSTEM IN LOCOMOTIVES (VALUE), BY COMPONENT
    • ROLLING STOCK POWER CONVERSION SYSTEM MARKET (VOLUME), BY TECHNOLOGY
    • ROLLING STOCK POWER CONVERSION MODULES - PRODUCT LIFE CYCLE ANALYSIS
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET SEGMENTATION
      • GLOBAL LOCOMOTIVE POWER CONVERSION SYSTEM MARKET - REPORT SEGMENTATIONS
        • Table LOCOMOTIVE POWER CONVERSION SYSTEM MARKET MARKET: BY LOCOMOTIVE TYPE
        • Table LOCOMOTIVE POWER CONVERSION SYSTEM MARKET MARKET: BY TECHNOLOGY
        • Table LOCOMOTIVE POWER CONVERSION SYSTEM MARKET: BY COMPONENTS
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
        • Table INFRASTRUCTURE INVESTMENT AND MAINTENANCE SPENDING, BY COUNTRY, (USD BILLION)
    • PORTER'S FIVE FORCES ANALYSIS
      • Table PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETETIVE RIVALRY
  • LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table GLOBAL LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY TECHNOLOGY, 2014-2021 (UNITS)
    • IGBT POWER MODULE
      • Table IGBT POWER MODULE MARKET, BY REGION, 2014-2021 (UNITS)
    • GTO THYRISTOR MODULE
      • Table GTO MODULE MARKET, BY REGION, 2014-2021 (UNITS)
    • SIC POWER MODULE
  • LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY REGION, POWER CONVERSION COMPONENT & LOCOMOTIVE TYPE
    • INTRODUCTION
      • Table LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY REGION, 2014-2021 (UNITS)
      • Table LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY REGION, 2014-2021 (USD MILLION)
      • Table LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
      • Table LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
      • ASIA-PACIFIC POWER CONVERSION SYSTEM MARKET, BY COMPONENT
        • Table ASIA-PACIFIC: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (UNITS)
        • Table ASIA-PACIFIC: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table ASIA-PACIFIC: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table ASIA-PACIFIC: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table RECTIFIER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table RECTIFIER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table AUXILIARY POWER CONVERSION UNIT: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table AUXILIARY POWER CONVERSION UNIT: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
      • EUROPE POWER CONVERSION SYSTEM MARKET, BY COMPONENT
        • Table EUROPE: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (UNITS)
        • Table EUROPE: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table EUROPE: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table EUROPE: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table RECTIFIER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table RECTIFIER : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table AUXILIARY POWER CONVERSION UNIT : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table AUXILIARY POWER CONVERSION UNIT : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
      • NORTH AMERICA POWER CONVERSION SYSTEM MARKET, BY COMPONENT
        • Table NORTH AMERICA: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (UNITS)
        • Table NORTH AMERICA: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table NORTH AMERICA: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table NORTH AMERICA: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table RECTIFIER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table RECTIFIER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table AUXILIARY POWER CONVERSION UNIT : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table AUXILIARY POWER CONVERSION UNIT : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
      • REST OF THE WORLD POWER CONVERSION SYSTEM MARKET, BY COMPONENT
        • Table ROW: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (UNITS)
        • Table ROW: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY, 2014-2021 (USD MILLION)
        • Table ROW: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table ROW: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table RECTIFIER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table RECTIFIER : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table INVERTER: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table TRACTION MOTOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table ALTERNATOR: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
        • Table AUXILIARY POWER CONVERSION UNIT : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (UNITS)
        • Table AUXILIARY POWER CONVERSION UNIT : LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET, BY COUNTRY AND BY LOCOMOTIVE TYPE, 2014-2021 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS: LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET
      • Table LOCOMOTIVE POWER CONVERSION SYSTEMS MARKET RANKING, 2015
    • AGREEMENTS/PARTNERSHIPS/SUPPLY CONTRACTS/JOINT VENTURE
      • Table AGREEMENTS/PARTNERSHIPS/SUPPLY CONTRACTS/COLLABORATIONS, 2012-2016
    • NEW PRODUCT LAUNCHES
      • Table NEW PRODUCT DEVELOPMENT, 2012-2016
    • EXPANSION
      • Table EXPANSIONS, 2014-2016
    • MERGERS & ACQUISITIONS
      • Table JOINT VENTURES/MERGERS & ACQUISITIONS, 2011-2015
  • COMPANY PROFILES
    • INTRODUCTION
    • HITACHI LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • SIEMENS AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2010-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • CRRC CORPORATION LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2015-2016
      • MNM VIEW
    • BOMBARDIER INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2015-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • ALSTOM SA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2015-2016
      • SWOT ANALYSIS
      • MNM VIEW
    • WABTEC CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2011-2015
    • TOSHIBA CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2012-2016
    • STRUKTON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2014-2015
    • AEG POWER SOLUTIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2010-2016
    • TURBO POWER SYSTEMS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • DEVELOPMENTS, 2013-2015
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • DEVELOPMENTS, 2014-2016
    • RELATED REPORTS

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