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.
According to the report, The Recent Perspectives towards Advanced Technologies in the Automotive Sector have Been Showing Positive Impact on Market Growth. is one of the primary growth factors for the market. The Rising Production and Development of Locomotives have Been Driving the Market Growth. is also expected to contribute significantly to the Diesel Locomotive Engines market. Overall, Passenger
applications of Diesel Locomotive Engines, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Locomotive, such as Diesel-mechanical, is boosting the Diesel Locomotive Engines market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Final-drive mechanism, such as Direct-Drive, is boosting the Diesel Locomotive Engines market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Diesel Locomotive Engines market identified that the demand is rising in many different parts of the world as "Growing Railway Connectivity is Bringing in More Opportunities for Market Growth.
". Furthermore, some recent industry insights like "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”" which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Diesel Locomotive Engines market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Diesel Locomotive Engines market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Diesel Locomotive Engines market size is calculated using market estimation process, the Diesel Locomotive Engines market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Diesel Locomotive Engines market size has been validated using both top-down and bottom-up approaches.