Global Diesel Locomotive Engines Market Overview:
The modern diesel locomotive is powered by electric motors that drive the axles and are controlled by electronic controls. It also has many of the same auxiliary systems as the train, such as cooling, lighting, heating, braking, and hotel power (if necessary). It can usually travel the same routes and be driven by the same drivers. It differs primarily in that it transports its own generating station rather than being connected to a remote generating station via overhead wires or a third rail. The generating station is made up of a large diesel engine coupled to an alternator that generates the required electricity. A fuel tank is also required.
Attributes | Details |
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Study Period | 2016-2026 |
Base Year | 2020 |
Forecast Period | 2022-2026 |
Historical Period | 2016-2020 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- The Rising Production and Development of Locomotives have Been Driving the Market Growth.
Roadblocks
- Stringent Regulations for Pollution and Emission Norms Will Be Hindering the Market Growth.
Opportunities
- Growing Railway Connectivity is Bringing in More Opportunities for Market Growth.
- The Increasing Government Expenditure on Comfort for Public Transport is expected to increase the Demand for Locomotives.
Challenges
- Intense Competition, Fluctuating Prices, and Shifting OEM Preferences are expected to be the Major Challenges.
Competitive Landscape:
To entice more end users, market players are focusing on providing Diesel locomotive engines of higher quality while adhering to all regulatory standards. In the global Diesel locomotive engines market, there are numerous large and small-scale manufacturers. They are also concentrating on the implementation of numerous advanced technologies. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The Diesel locomotive engine market is currently expanding due to the increasing number of technological advancements in locomotives. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions.
Some of the key players profiled in the report are CRRC Corporation (China), Bombardier Transportation (Canada), Siemens Mobility (Germany), Alstom Transport (France), GE Transportation (United States), Stadler Rail AG (Switzerland), The Greenbrier Co (United States), Trinity Rail Group (United States), Hyundai Rotem (South Korea) and Hitachi Rail Systems (Japan). Analyst at AMA Research see Fragmented Manufacturers to retain maximum share of Global Diesel Locomotive Engines market by 2026. Considering Market by Locomotive, the sub-segment i.e. Diesel-mechanical will boost the Diesel Locomotive Engines market. Considering Market by Final-drive mechanism, the sub-segment i.e. Direct-Drive will boost the Diesel Locomotive Engines market.
Latest Market Insights:
Amtrak announced in late June 2022 that it has ordered 50 more Charge Locomotives from Siemens Mobility on top of an initial order of 75 diesel-electric units. According to Amtrak, the locomotives are an important part of its sustainability initiative and represent another major investment in its long-distance services, which is the backbone of its National Network. The total contract value of up to USD 2 billion includes the original contract for USD 850 million and incorporates both the manufacturing as well as the long-term service agreement for technical support, spare parts, and material supply. A team from Amtrak and Siemens Mobility developed the ALC-42 locomotive series for heavier and longer trains traveling thousands of miles in a single trip. The new diesel-electric locomotives – designated as ALC-42 for “Amtrak Long-distance Charger, 4200 hp”
EPA finalized a three-part program that dramatically reduces emissions from diesel locomotives of all types -- line-haul, switch, and passenger rail. The rule cuts particulate matter (PM) emissions from these engines by as much as 90 percent and oxides of nitrogen (NOx) emissions by as much as 80 percent when fully implemented. The standards are based on the application of high-efficiency catalytic after-treatment technology for freshly manufactured engines built in 2015 and later. EPA standards also apply to existing locomotives when they are remanufactured. Requirements are also in place to reduce idling for new and remanufactured locomotives.
What Can be Explored with the Diesel Locomotive Engines Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Diesel Locomotive Engines Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Diesel Locomotive Engines
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Diesel Locomotive Engines market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Diesel Locomotive Engines market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Locomotive manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.