100 hits of the 90
Rolling Stock Market Size, Share & Growth Report, 2030 12-04-2024 10:02 PM CET | Logistics & Transport Press release from: ABNewswire Rolling Stock Market Rolling Stock Market by Component, Product Type (Locomotives, Rapid Transits, Coaches, & Wagons), Locomotive Technology (Conventional & Turbocharged), Application (Passenger Transportation & Freight transportation) & Region - Global Forecast to 2030 The global rolling stock market [ https://www.marketsandmarkets.com/Market-Reports/rolling-stock-market-4380892.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=rolling-stock-market ], by value, is estimated to be USD 28.6 billion in 2024 and is projected to reach USD 40.1 billion by 2030, at a CAGR of 5.8% from 2024 to 2030. Development in the hybrid trains is providing opportunities for the market growth. Train with hydrogen or battery drive technologies are still on the way to the market and offer much more sustainable and flexible alternatives to traditional diesel-powered trains. These technologies make it possible for trains to run on non-electrified sections of rail networks, reducing reliance on fossil fuels and carbon emissions. Hydrogen-powered trains, as Alstom's Coradia iLint, generate electricity from hydrogen fuel cells with water vapor as the byproduct. On the other hand, the battery train can be charged at the overhead wires or at stops to permit cleaner operations. Hybrid trains are increasing their market due to enhanced environmental awareness and an increasing demand for efficient and versatile transport solutions in different rail infrastructure environments. For instance, in April 2024, Germany launched Battery-powered train into service. The trains are Siemens Mobility Mireo Plus B battery hybrid trains, with four trains having been supplied to operate the service from Offenburg to Bad Griesbach and Offenburg to Hornbergin. Further, Innovative technologies like big data, intelligent rail systems, and connected rail are also influencing the growth of the market. "Rapid Transit segment is expected to be the largest segment in the forecast" The Rapid transit segment holds the largest market share in the product type segment. Factors such as increasing urbanization and the related need for fast, reliable public transport systems to cover spread-out metropolitan cities. With rising urban populations, the need for mass transit solutions to reduce traffic congestion and environmental pollution and to offer cost-effective and time-efficient travel options rises. Government support and investments in infrastructure development, technological development in rail systems, and increasing the focus on green and environmentally friendly transportation also fuel the growth of the rapid transit segment. Growth in existing transportation systems in cities has necessitated the demand for more rapid transit systems within metropolises. With the initiation of infrastructure projects, demand for vehicles is likely to be much stronger in emerging economies like China, Brazil, and India compared with the developed countries in Western Europe. Secondly, assimilation of smart technologies such as real-time tracking, automation, and advanced safety features enhances the attractiveness and uptake of rapid transit solutions. For instance, In July 2024, Paris transport authority Ile-de-France-Mobilities has awarded Keolis and RATP Cap Ile-de-France contracts to operate the future Grand Paris Express metro Line 18 and existing tram-train services T12 and T13 in Paris, France. Thus, with such new projects aimed toward rail connectivity, the demand for rolling stock will increase during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4380892 [ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=4380892&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=rolling-stock-market ] "Passenger Transportation segment will hold the prominent market share in the Application segment" Passenger segments hold the prominent market share in the application segment. Countries such as Japan, India, China, and Europe are major markets for rolling stock in passenger transportation. In Japan, rolling stock is the major means of passenger transport. The availability of robust infrastructure for both urban and intercity transport for mass transit in Japan is the major factor driving the adoption of railways for passenger transportation. Globally, there has been a rise in the demand for passenger trains, including those in Japan. In January 2024, Eurostar reported that they had transported 18.6 million passengers in 2023, a 22% increase over 2022 and marking a return to pre-pandemic passenger levels. According to American Public Transportation Association, Transit riders took 7.1 billion trips on public transportation in 2023, a 16 percent increase over 2022. Urbanization is the major driver for the growth of passenger transportation by railways. According to WHO, the urban population is estimated to account for 60% of the global population by 2030. Hence, rising urbanization is expected to further boost the market for passenger transportation in the coming years. "Europe is expected to be the second-largest market during the forecast" It is projected that Europe will hold the second-largest share of the rolling stock market, by value, in 2024. Europe hosts the largest rail supply industry in the world. Most of the trains in Europe are fitted with high-tech facilities, including eco-friendly vehicles, wireless data communications, wireless radio hookups, and comfort-enhancing facilities. Compared with Western European nations like the UK, Germany, France, and Spain, the rate of adaptation of high-end technology remains pretty low in East European nations, including Poland and the Czech Republic. Rolling stock OEMs look to exploit the prospects of the Eastern European market toward regional presence. Further, by 2030, EU Railways aims to construct a high-speed rail track of 31,000 km. Other programs, such as FP1MOTIONAL, FP2R2DATO, and FP3IAM4RAIL, are also conceptualized to increase the growth of the European rolling stock market. The EU is also seeking to develop environmentally friendly mode of transport by aiming for a single railway area. It has been attempting to harmonize the networks of the continent as a massive effort invested by both private and public entities. Germany is foreseen to dominate the European rolling stock market during the forecast period. The country is actively promoting the use of rapid transit systems to reduce vehicle emissions and is investing in appropriate infrastructure. Key Players The major players in global rolling stock market include CRRC Corporation Limited (China), Siemens AG (Germany), Alstom SA (France), Stadler Rail AG (Switzerland), and Wabtec Corporation (US). These companies offer extensive products and solutions for the railway industry; have strong distribution networks at the global level and invest heavily in R&D to develop new products. Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=4380892 [ https://www.marketsandmarkets.com/requestsampleNew.asp?id=4380892&utm_source=abnewswire.com&utm_medium=referral&utm_campaign=rolling-stock-market ] Media Contact Company Name: MarketsandMarkets Trademark Research Private Ltd. Contact Person: Mr. Rohan Salgarkar Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=rolling-stock-market-size-share-growth-report-2030 ] Phone: 18886006441 Address:1615 South Congress Ave. Suite 103, Delray Beach, FL 33445 City: Florida State: Florida Country: United States Website: https://www.marketsandmarkets.com/Market-Reports/rolling-stock-market-4380892.html This release was published on openPR.
CDMO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Avid Bioservices, Inc. Is Fair to Shareholders
NEW DELHI (AP) — India’s former Prime Minister Manmohan Singh, widely regarded as the architect of India’s economic reform program and a landmark nuclear deal with the United States, has died. He was 92. Singh was admitted to New Delhi’s All India Institute of Medical Sciences late Thursday after his health deteriorated due to a “sudden loss of consciousness at home,” the hospital said in a statement. “Resuscitative measures were started immediately at home. He was brought to the Medical Emergency” at 8:06 p.m., the hospital said, but “despite all efforts, he could not be revived and was declared dead at 9:51 p.m.” Singh was being treated for “age-related medical conditions,” the statement said. A mild-mannered technocrat, Singh became one of India’s longest-serving prime ministers for 10 years and leader of the Congress Party in the Parliament's Upper House, earning a reputation as a man of great personal integrity. He was chosen to fill the role in 2004 by Sonia Gandhi, the widow of assassinated Prime Minister Rajiv Gandhi . But his sterling image was tainted by allegations of corruption against his ministers. Singh was reelected in 2009, but his second term as prime minister was clouded by financial scandals and corruption charges over the organization of the 2010 Commonwealth Games. This led to the Congress Party’s crushing defeat in the 2014 national election by the Hindu nationalist Bharatiya Janata Party under the leadership of Narendra Modi . Singh adopted a low profile after relinquishing the post of prime minister. Prime Minister Modi, who succeeded Singh in 2014, called him one of India’s “most distinguished leaders” who rose from humble origins and left “a strong imprint on our economic policy over the years.” “As our Prime Minister, he made extensive efforts to improve people’s lives,” Modi said in a post on the social platform X. He called Singh’s interventions in Parliament as a lawmaker “insightful” and said “his wisdom and humility were always visible.” Rahul Gandhi, from the same party as Singh and the opposition leader in the lower house of the Indian Parliament, said Singh’s “deep understanding of economics inspired the nation” and that he “led India with immense wisdom and integrity.” “I have lost a mentor and guide. Millions of us who admired him will remember him with the utmost pride,” Gandhi wrote on X. The United States offered its condolences, with Secretary of State Antony Blinken saying that Singh was “one of the greatest champions of the U.S.-India strategic partnership.” “We mourn Dr. Singh’s passing and will always remember his dedication to bringing the United States and India closer together,” Blinken said. Born on Sept. 26, 1932, in a village in the Punjab province of undivided India, Singh’s brilliant academic career took him to Cambridge University in Britain, where he earned a degree in economics in 1957. He then got his doctorate in economics from Nuffield College at Oxford University in 1962. Singh taught at Panjab University and the prestigious Delhi School of Economics before joining the Indian government in 1971 as economic advisor in the Commerce Ministry. In 1982, he became chief economic adviser to the Finance Ministry. He also served as deputy chair of the Planning Commission and governor of the Reserve Bank of India. As finance minister, Singh in 1991 instituted reforms that opened up the economy and moved India away from a socialist-patterned economy and toward a capitalist model in the face of a huge balance of payments deficit, skirting a potential economic crisis. His accolades include the 1987 Padma Vibhushan Award, India’s second-highest civilian honor; the Jawaharlal Nehru Birth Centenary Award of the Indian Science Congress in 1995; and the Asia Money Award for Finance Minister of the Year in 1993 and 1994. Singh was a member of India’s Upper House of Parliament and was leader of the opposition from 1998 to 2004 before he was named prime minister. He was the first Sikh to hold the country’s top post and made a public apology in Parliament for the 1984 Sikh Massacre in which some 3,000 Sikhs were killed after then-Prime Minister Indira Gandhi was assassinated by Sikh bodyguards. Under Singh, India adopted a Right to Information Act in 2005 to promote accountability and transparency from government officials and bureaucrats. He was also instrumental in implementing a welfare scheme that guaranteed at least 100 paid workdays for Indian rural citizens. The coalition government he headed for a decade brought together politicians and parties with differing ideologies that were rivals in the country’s various states. In a move hailed as one of his biggest achievements apart from economic reforms, Singh ended India’s nuclear isolation by signing a deal with the U.S. that gave India access to American nuclear technology. But the deal hit his government adversely, with Communist allies withdrawing support and criticism of the agreement growing within India in 2008 when it was finalized. Singh adopted a pragmatic foreign policy approach, pursuing a peace process with nuclear rival and neighbor Pakistan. But his efforts suffered a major setback after Pakistani militants carried out a massive gun and bomb attack in Mumbai in November 2008. He also tried to end the border dispute with China, brokering a deal to reopen the Nathu La pass into Tibet, which had been closed for more than 40 years. His 1965 book, “India’s Export Trends and Prospects for Self-Sustained Growth,” dealt with India’s inward-oriented trade policy. Singh is survived by his wife Gursharan Kaur and three daughters. Associated Press writer Sheikh Saaliq in New Delhi contributed to this report.
A British man will have to pay a fine of $750,000 or spend 14 months in prison after he was caught with one and a half pounds of cocaine hidden inside two pairs of slippers at Montego Bay’s Sangster International Airport on September 30. Glenn Mason, 53, a resident of London, England, wore a resigned expression when he appeared in the St James Parish Court for his sentencing hearing. He had previously pleaded guilty to the charges of possession of, dealing in, and attempting to export cocaine. Mason’s attorney, Suwayne Phillips, pleaded with presiding judge Natiesha Fairclough-Hylton to be lenient in sentencing her client, citing his excellent social enquiry report and unemployment since 1996 due to work-related accident. He also lacks any financial support since his spouse recently died and no other relative can help. This was not enough for Fairclough-Hylton, as during sentencing Mason was told that his actions helped to put Jamaica’s reputation in a bad light. “Far too often, persons visit this beautiful country, and on their way out of this beautiful country, they are held with cocaine. What that does is that it tarnishes the name of this beautiful country,” said Fairclough-Hylton. “I have to send a message to those who think that Jamaica is a safe haven for them to come and export cocaine.” Mason was ordered to pay a fine of $200,000 or spend three months in prison for possession of cocaine; $250,000 or three months for dealing in cocaine; and $300,000 or four months for attempting to export cocaine. The facts are that on September 30, at 4:15 p.m., a team of officers was at the Sangster International Airport conducting surveillance of outgoing passengers boarding a flight to London, when Mason was approached by the lead officer and his luggage was searched. The pairs of slippers which felt suspiciously heavy were found in Mason's luggage and subsequently examined. Four parcels of a white substance resembling cocaine were found inside the slippers and Mason was arrested and charged. We want to hear from you! Email us at star@gleanerjm.com and follow @thejamaicastar on Instagram and on X @JamaicaStar and on Facebook: @TheJamaicaStar