Rolling Stock Power Conversion System Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Rolling Stock Power Conversion System Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Rolling Stock Power Conversion System market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global rolling stock power conversion system market was valued at $3.92 billion in 2018, and is projected to reach $5.15 billion by 2026, registering a CAGR of 3.6%. Europe was the highest revenue contributor, accounting for $1.30 billion in 2018, and is estimated to reach $1.67 billion by 2026, with a CAGR of 3.3%. Asia-Pacific is estimated to reach $1.46 billion by 2026, at a significant CAGR of 4.0%. Europe and Asia-Pacific collectively accounted for around 60.7% share in 2018, with the former constituting around 33.3% share. Asia-Pacific and North America are expected to witness considerable CAGRs of 4.0% and 3.8%, respectively, during the forecast period. The cumulative share of these two segments was 51.2% in 2018, and is anticipated to reach 52.6% by 2026.

Power conversion system used in rolling stock converts the alternating current to direct current as well as derives the power from diesel-based engine to propel the rolling stock. The power conversion unit includes various equipment that are responsible to derive the power from diesel- or electric-based engine, which is required to power different components of rolling stock as well as to propel the train. The power conversion system consists of power conversion unit, which plays an important role to convert the alternating current of the locomotive to direct current to increase the efficiency of the DC motors installed in the system. Numerous developments have been carried out by different players related to power conversion system for rolling stock, which supplements the market growth.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Rolling Stock Power Conversion System market are included as given below:

� AEG Power Solutions

� Alstom SA

� Bombardier Inc.

� CRRC Corporation Ltd.

� Hitachi Ltd.

� Siemens AG

� Strukton

� Toshiba Corporation

� Turbo Power Systems

� Wabtec Corporation

The global Rolling Stock Power Conversion System market has been segmented as below:

By Technology

� Insulated Gate Bipolar Transistor (IGBT)

� Gate Turn-Off Thyristor (GTO)

� Silicon Carbide (SiC)

By Components

� Rectifier

� Inverter

� Alternator

� Auxiliary Power Unit (APU)

� Traction Motor

By Rolling Stock Type

� Locomotives

� Metros

� Monorails

� Trams

� Freight Wagons

� Passenger Coaches

� Others

By Region

� North America

o U.S.

o Canada

o Mexico

� Europe

o Germany

o France

o UK

o Russia

o Rest of Europe

� Asia-Pacific

o China

o Japan

o India

o Australia

o Rest of Asia-Pacific

� LAMEA

o Latin America

o Middle East

o Africa

Reasons to Purchase this Report:

Estimates Rolling Stock Power Conversion System development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects