openPR Logo
Press release

Rolling Stock Power Conversion System Market Technology Advancement and Business Outlook 2020-2026

10-29-2020 09:15 PM CET | Logistics & Transport

Press release from: Allied Market Research

Rolling Stock Power Conversion System Market

Rolling Stock Power Conversion System Market

The global rolling stock power conversion system market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across Europe held the lion’s share in 2018, contributing to around one-third of the market. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 4.0% during the study period.

Access Full Summary @ https://www.alliedmarketresearch.com/rolling-stock-power-conversion-system-market-A06058

Increase in budget allocation for the development of railways and surge in trend toward using railways as a public transport means have boosted the growth of the global rolling stock power conversion system market.
As per the report published by Allied Market Research, the global rolling stock power conversion system market was pegged at $3.92 billion in 2018, and is projected to reach $5.15 billion by 2026, growing at a CAGR of 3.6% from 2019 to 2026.

Rise in budget allocation for the development of railways and increase in trend toward using railways as a public transport means have boosted the growth of the global rolling stock power conversion system market. However, high capital requirement to replace the existing system and refurbishment of existing rolling stock hamper the market. On the contrary, improvement in railway infrastructure in developing countries is expected to create lucrative opportunities for the market players in the coming years.

Download Sample Report (267 Pages with Tables, Figures, Charts) @
https://www.alliedmarketresearch.com/request-sample/6423

The global rolling stock power conversion system market is segmented on the basis of technology, components, rolling stock type, and geography. Based on technology, the market is divided into insulated gate bipolar transistor (IGBT), gate turn-off thyristor (GTO), and silicon carbide (SiC). The GTO segment dominated in 2018, accounting for around half of the market. However, the SiC segment is projected to manifest the highest CAGR of 4.6% during the forecast period.

REPORT THIS AD

On the basis of component, the market is categorized into rectifier, inverter, alternator, auxiliary power unit (APU), and traction motor. The traction motor segment held the largest share in 2018, contributing to more than one-fourth of the market. However, the inverter segment is estimated to portray the highest CAGR of 4.3% during the forecast period.

Inquire for 25 % discount on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/6423

Based on rolling stock type, the market is divided into locomotives, metros, monorails, trams, freight wagons, passenger coaches, and others. The freight wagons segment dominated in 2018, accounting for nearly half of the market. However, the locomotives segment is projected to register the highest CAGR of 5.5% during the forecast period.

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Rolling Stock Power Conversion System Market Technology Advancement and Business Outlook 2020-2026 here

News-ID: 2176462 • Views: 265

More Releases from Allied Market Research

Micro-Location Technology Market by Component (Hardware, Software, and services) …
Micro-location technology is used for identifying the in-house location of any object, people, or any other equipment. To track the location, micro-location technology uses various communication technologies such as Near Field Communication (NFC), Bluetooth, Beacon, WIFI, among others. Due to its enhanced functionality of determining the location more accurately, it has been adopted by many industries such as automotive, healthcare, education, and others. Micro-location technology is specially used for
Analog-to-Digital Converters Market to See Huge Growth Over 2020-2030
Allied Market Research published a new report, titled, “Analog-to-Digital Converters Market by Product (Ramp ADC, Integrating ADC, Successive Approximation ADC, Delta-sigma ADC, and Others (Pipelined/Flash ADC)), and Application (Consumer Electronics and Industrial) - Global Opportunity Analysis and Industry Forecast,, 2020-2030.” The research report provides a detailed analysis of the major market players, driving factors, challenges, opportunities, and estimations of the market from the period 2020 to 2030. Moreover, the report includes
VCSEL Market Scope in Data Communication Over 2020-2030 | Size, Share, Trends, C …
Allied Market Research published a new report, titled, “VCSEL Market by Type (Single-Mode and Multimode VCSEL), and by Application (Data Communications, Infrared Illumination, Sensing, Pumping, GPS, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2030.” The research report provides a detailed analysis of the major market players, driving factors, challenges, opportunities, and estimations of the market from the period 2020 to 2030. Moreover, the report includes a comprehensive analysis of
Memory Chip Market to undergo Substantial Growth Over 2020-2030 | Top Impacting …
Allied Market Research published a new report, titled, “Memory Chip Market by Type (Volatile (DRAM and SRAM) and Nonvolatile (PROM, EEPROM, NAND Flash, and Others)) and Application (Laptop/PCs, Camera, Smartphone, and Others) - Global Opportunity Analysis and Industry Forecast, 2020-2030.” The research report provides a detailed analysis of the major market players, driving factors, challenges, opportunities, and estimations of the market from the period 2020 to 2030. Moreover, the report includes

All 5 Releases


More Releases for CAGR

Catalase Market : Research Observes Strong CAGR Development
The "Global Catalase Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024", report intends to offer a resourceful means to assess the Catalase Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Catalase Market report, titled Catalase Market, is expansive research
Citicoline Market | CAGR of 14.4%
The global Citicoline Market 2020 Report provides fine intelligence that helps market players to compete well against the tough competition on the basis of growth, sales and other various important factors. The research report lays stress on key growth opportunities and market trends apart from important market dynamics including market drivers and challenges. With the help of this report, involved parties can equip themselves to adapt along with the changes
Footwear Market : Research Observes Strong CAGR Development
The "Global Footwear Market Set for Rapid Growth, to Reach Around USD 320.44 Billion by 2023", report intends to offer a resourceful means to assess the Footwear Market and entails the all-inclusive analysis and upfront statistics with regards to the market. This new report is committed fulfilling the requirements of the clients by giving them thorough insights into the market. The Footwear Market report, titled Footwear Market, is expansive research
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020