(MENAFN- EIN Presswire) A locomotive is a rail transport used for pulling a train or hauling railroad cars on tracks.
PORTLAND, OR, UNITED STATES, April 5, 2023 /einpresswire.com / -- Locomotives have been a staple of transportation for over two centuries. These massive engines, powered by steam or diesel fuel, have helped to move goods and people across great distances. Over time, locomotives have evolved to become faster, more efficient, and more powerful. In this blog, we will take a look at the evolution of locomotives and how they have changed over the years.
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The evolution of locomotives has been remarkable. From the first steam engine locomotive to the high-speed trains of today, locomotives have become faster, more efficient, and more powerful. While diesel engine locomotives have largely replaced steam engine locomotives, high-speed trains are the future of locomotive transportation. As technology continues to advance, it will be interesting to see how locomotives continue to evolve in the years to come.
COVID-19 SCENARIO ANALYSIS
The global market for locomotive is severely impacted by the outbreak of the COVID-19 pandemic.
The COVID-19 pandemic saw a decline in the economic growth in almost all the major countries, thus affecting consumer spending patterns.
Owing to the lockdown implemented across various countries, national and international transport have been hampered, which has significantly impacted the supply chain of numerous industries across the globe, thereby increasing the supply–demand gap.
Thus, insufficiency in raw material supply is expected to hamper the production rate of locomotives, which negatively impact the market growth.
However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities
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Key benefits of the report:
This study presents the analytical depiction of global locomotive market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis ofglobal locomotive for market share.
The current market is analyzed to highlight the global locomotive market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
Locomotive Market Report Highlights:
By Type
Diesel
Electric
Others
By Technology
IGBT Module
GTO Thyristor
SIC Module
By Operational engine
Station pilot
Banking engine
Pilot engine
By Component
Rectifier
Inverter
Traction motor
Alternator
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Key Market Players: Strukton, Alstom, AEG Power Solutions B.V., Siemens, TOSHIBA CORPORATION, CRRC, Hitachi Ltd., Bombardier, Bharat Heavy Electricals Limited, Wabtec Corporation
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