The global Electric Locomotive Engines Market is expected to register USD 1.89 billion in 2022
Electric Locomotive Engines Market Size, Share & Trends Estimation Report By Energy Transfer (Overhead lines, Third rail, On-board energy storage),By Traction Units ( Ac traction units, Dc traction units, Multi system units),By Application (Passenger transport, Freight transport), By Region, And Segment Forecasts, 2023 - 2030
Region : Global | Format : 
| Report ID : 248411 | No. of Pages : 379
| Report ID : 248411 | No. of Pages : 379
Market Overview
Global Electric Locomotive Engines market size was USD 1.89 Billion in 2022 and is projected to grow to USD 4.02 billion by 2030, exhibiting a CAGR of 11.4% from 2023 to 2030.
The electric locomotives market research report is one of a series of new reports from Contrive Datum Insights. It gives electric locomotives market statistics, such as the size of the global electric locomotives market, the size of the electric locomotives market in each region, the size of the electric locomotives market share of competitors, detailed electric locomotives market segments, market trends and opportunities, and any other information you may need to succeed in the electric locomotives industry. This market research report on electric locomotives gives you a full picture of everything you need to know, including an in-depth look at the present and future state of the industry.
A machine that runs on electricity and moves a train is called an electric locomotive engine. Electric train engines have changed a lot since the middle of the 20th century. Electric train engines have a higher power-to-weight ratio than diesel locomotive engines. Electric trains can also go faster and pull more weight up steep grades.
A locomotive engine is a car on a train that uses diesel or electricity to move the train along the track. Some trains have their own load-carrying cars that move on their own. These engines are used to push and pull trains. They can be at the front, back, or both sides of the train. Electric engines are more popular than diesel engines because they are more efficient, cause less pollution, and cost less to run and maintain.
People all over the world are becoming more worried about pollution and want systems that use less energy and don't pollute. Electric engines are taking the place of traditional engines like diesel engines. The Environmental Protection Agency (EPA) in the United States has made it a rule that diesel engines must give off less nitrogen gas. This is making people want electric train engines even more.
More people want electric train engines because they worry about how much carbon dioxide is released when fuel is burned. More and more freight is being moved on railways with electric locomotive engines. Electric train engines have a lot going for them, so it is likely that their popularity will grow a lot in the next few years.
Market Dynamics
Trends: After a pandemic, more digitalization will speed up market growth.
The rising need for technologies that cut locomotive emissions, which are a major source of air pollution, is one of the main things driving the global electric locomotive engine market. During the time of the forecast, strict emission rules, like Tier II pollution standards for diesel locomotive engines, are also expected to boost the market for electric locomotive engines.
Using more self-running engines to speed up market growth
Autonomous locomotives are automated transit systems that run themselves without any help from people. They are watched from the control point. People and goods can be moved short and long distances with these items. The main things that help the intelligent movement of self-driving engines within certain towns and metros are a centralized control system that keeps track of all the trains and a predefined railway network and infrastructure. Long-distance self-driving transit systems use a variety of sensors and self-driving software.
Drivers: After a pandemic, more digitalization will speed up market growth.
The rising need for technologies that cut locomotive emissions, which are a major source of air pollution, is one of the main things driving the global electric locomotive engine market. During the time of the forecast, strict emission rules, like Tier II pollution standards for diesel locomotive engines, are also expected to boost the market for electric locomotive engines.
Using more self-running engines to speed up market growth
Autonomous locomotives are automated transit systems that run themselves without any help from people. They are watched from the control point. People and goods can be moved short and long distances with these items. The main things that help the intelligent movement of self-driving engines within certain towns and metros are a centralized control system that keeps track of all the trains and a predefined railway network and infrastructure. Long-distance self-driving transit systems use a variety of sensors and self-driving software.
Restraints: Rolling stock that requires a lot of money to buy and that costs a lot to keep up will slow market growth.
People are becoming more interested in train travel, which has led to a high demand for these goods in recent years. The main reason for the change in means of transportation is that traffic is getting worse and causing more problems. The high number of locomotives on the global market is also due to improvements in rail facilities, cheap fares, being good for the environment, and being a faster way to travel. Because of this, the legal officials have put more money into rolling stock.
Major Market Segments Covered
The electric locomotive engine market can be divided into different parts based on how power is supplied, the amount of automation, the type of power, the parts, and where they are sold. Based on how the power is sent, the market can be split into three groups. An overhead power line is the most usual way for an electric locomotive engine to get power. Because it's simple to set up. Based on how automated the engines are, the market for electric train engines can be divided into four groups. Most places, the GoA1 segment is the most important part of the business, but the higher level of automation is coming soon.
Based on how they get their power, the electric train engine market can be divided into two groups. DC motors have a high starting power, which means that no matter how much weight is on them, they can move faster at first. AC power can also run a DC engine. So, electric train engines that run on DC power most of the market. Based on what they sell, the market can be split into thirteen parts. An electric train engine is made up of many parts, like electric motors, a transformer, an inverter, and a compressor.
Regional Insights
Geographically, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa have studied the global Electric Locomotive Engines market. (MEA).
In terms of location, there are five main markets for electric locomotive engines. North America is the market leader around the world because more people there use technology and robotics than anywhere else. The market is growing quickly in China. On the market for electric locomotive engines, China is expected to be the winner because it has cheaper sources and the government will help it.
As the shipping business grows, so does the amount of freight that needs to be moved around the world. This, in turn, is making the market for electric train engines very tight. The EPA has made it hard for diesel locomotive engines to meet Tier II, Tier III, and Tier IV guidelines. People in North America are now more likely to use electric train engines because of this.
According to European emission norms, diesel locomotive engines can only be used in certain ways. In the next few years, this is likely to drive the market for electric train engines. In the coming years, the growth of the railway industry in the Asia-Pacific region is expected to increase the demand for electric locomotive engines.
There will be a lot of growth in the market for electric locomotive engines because different Latin American countries are spending a lot of money on new rail projects. There has been a lot of growth in train transportation in the Middle East and Africa, which is driving the demand for electric locomotive engines.
Scope Of Report
| Report Attribute | Details |
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Estimated year | 2023 |
| Forecast period | 2023-2030 |
| Historic Period | 2017-2022 |
| Units | Value (USD Billion) |
| Growth Rate | CAGR of 11.4% from 2023 to 2030 |
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By Energy Transfer |
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By Traction Units |
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| By Application |
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| By Companies |
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| Regional Scope |
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| Reasons to Purchase this Report and Customization Scope | 6-month post-sale analyst assistance.10% Free Customization and 15 Company Profiles in addition to the ones specified |
Key Vendors
- ALSTOM
- CRRC
- General Electric
- Siemens
- CAF
- Talgo
- Bombardier
- Bharat Heavy Electricals Limited
- ALSTOM
Alstom creates and sells mobility solutions that lay a sustainable basis for the future of transportation and help move societies toward a future with less carbon emissions. Alstom has the widest range of products and services in the business. This includes high-speed trains, metros, monorails, trams, turnkey systems, services, infrastructure, signaling, and digital mobility. The company has proven skill in project management, innovation, design, and technology, as shown by the fact that 150,000 commercial vehicles are in use around the world. In 2022, the company was added for the 12th time in a row to the Dow Jones Sustainability Indices, World and Europe. Alstom has its main office in France and is present in 70 countries. It has more than 74,000 employees.
- CRRC
China Railway Rolling Stock Corporation (CRRC Corporation Limited) is a state-owned company in China that makes rolling stock. It was made when China CNR Corporation and CSR Corporation Limited merged on June 1, 2015. It has a head office in Beijing and has 175 700 workers.
- General Electric
GE is up to the task of making the world work. GE has been inventing the future of industry for more than 125 years. Today, the company's committed team, top technology, global reach, and capabilities help the world work better, safer, and more efficiently. People who work at GE are diverse and committed. They work with the highest level of honesty and focus to fulfill GE's purpose and meet its customers' needs.
- Siemens
Siemens is a company that makes technology for business, infrastructure, transportation, and healthcare. From factories that use less energy and materials, to supply chains that are more reliable, to smarter buildings and grids, as well as cleaner and more comfortable transportation and better health care, the company makes technology that has a purpose and gives users real value. By bringing together the real and digital worlds, Siemens gives its customers the power to change their businesses and markets, which in turn helps them change the way billions of people live their everyday lives. Siemens also owns the bulk of Siemens Healthineers, a publicly traded company that is a world leader in medical technology and is shaping the future of healthcare. Siemens also has a small share in Siemens Energy, which is a world leader in the transportation and production of electricity.
- CAF
CAF has taken over the Middle East with its mission to connect different groups through a cup of refined coffee. It is well-known as a place that brings people together to start conversations. They are true believers in community awareness, so the company use our voices to talk about the causes they care about and the areas we support. So, as their online presence shows, company are not content to view themselves as a coffee shop for regulars. They see themselves as a movement that is making a change in our society.
Industy Development
In April 2021, Alstom, India's largest international provider of sustainable mobility with a wide range of services, has successfully made and sent the 100th electric locomotive to Indian Railways
In November 2015, GE said it would spend $200 million to build and sell Indian Railways 1,000 diesel trains. The Ministry of Railways gave the company a Letter of Award for a contract to provide and operate locomotives. Over 11 years, the deal is worth about $2.6 billion. The deal moves the "Make in India" initiative forward and strengthens India's role as a place where things for people all over the world are made.
In August 2008, Bombardier Transportation said it had signed two contracts to give 46 dual-powered passenger trains to the New Jersey Transit Corporation (NJ TRANSIT) and the Agence Metropolitaine de Transport (AMT) in Montreal.
In May 2021, Wabtec Corporation reported a first for the rail industry: its FLXdrive battery-electric locomotive cut a train's average use of fuel and greenhouse gas emissions by more than 11%.
In June 2021, General Motors (GM) and Wabtec Corporation announced that they would work together to create and sell GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec locomotives.
Market Segmentation
By Energy Transfer
- Overhead lines
- Third rail
- On-board energy storage
By Traction Units
- Ac traction units
- Dc traction units
- Multi system units
By Application
- Passenger transport
- Freight transport
Global Electric Locomotive Engines Market Regional insights
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Conclusion
The market research study gives a detailed look at the market and focuses on important things like the top companies, types of products, and top uses for those products. Aside from this, the study gives information about market trends and highlights important changes in the industry. In addition to the things listed above, the study also talks about a number of other things that have helped the market grow over the past few years. Most people prefer electric locomotive engines because they make the roads less crowded with big cars. They are a good way to move freight that doesn't pollute the air and makes us less reliant on fuels made from oil. Electric locomotives can go faster than diesel locomotives, so they don't have to make as many trips to move freight and people. The study shows that the market is divided by type, utility, application, process, and type of crude. The growth of these segments will help you figure out why some businesses aren't growing as fast as others, and it will also give users a good overview of the market and market insights that will help them make strategic decisions about finding core market applications.
Frequently Asked Questions
What is the CAGR of Electric Locomotive Engines Market
The Electric Locomotive Engines Market is growing at a CAGR of 11.4% During Forecast Period.
Which region had major share in the global Electric Locomotive Engines Market?
North America holds the major share in global Electric Locomotive Engines Market
Who are the key players in Electric Locomotive Engines Market?
ALSTOM, CRRC, General Electric, Siemens, CAF, Talgo, Bombardier, Bharat Heavy Electricals Limited
