The Global Electric Locomotive Engines Market is expected to grow at a CAGR of 8.8% from 2023 to 2030.

Electric Locomotive Engines Market Overview:

An electric locomotive engine is a motor that runs on electricity and moves a train. Since the middle of the 20th century, electric locomotive engines have changed in a lot of ways. Diesel locomotive engines have a lower ratio of power to weight than electric locomotive engines. Electric locomotives can also move faster and pull more weight up steep grades.

Electric engines are replacing traditional engines like diesel engines because people all over the world are becoming more concerned about pollution and want systems that use less energy and don't pollute. The United States Environmental Protection Agency (EPA) has made it a requirement that diesel engines emit less nitrogen oxide. This is driving up the demand for electric locomotive engines.

Concerns about the amount of carbon dioxide released by burning fuel in transportation are making more people want electric locomotive engines. Electric locomotive engines are becoming more and more popular as a way to move freight on railroads. Because electric locomotive engines have a lot of good things going for them, the demand for them is expected to grow a lot over the next few years.

Market Dynamics

One of the main things driving the global electric locomotive engine market is the growing need for technologies that cut locomotive emissions, which are a major source of air pollution. During the forecast period, strict emission rules, such as Tier II pollution standards for diesel locomotive engines, are also expected to boost the market for electric locomotive engines.

Growing railway connectivity and more money spent by the government to make public transportation more comfortable are expected to increase the need for locomotives, which is expected to drive the need for electric locomotive engines during the forecast period.

On the market for electric locomotive engines, manufacturers have to deal with some problems. Long-distance routes with less traffic and electric locomotive engines that cost a lot more. In a similar way, the growth of the electric locomotive engines market could be affected by the fact that more people are choosing to get around by car. A global trend is the development of dual-mode technology in locomotive engines and the preference for self-driving locomotives on longer routes.

Segment Analysis

The electric locomotive engine market can be split into different parts based on how power is supplied, the level of automation, the type of power, the parts, and where they are sold. The market can be split into three groups based on how the power is delivered. The most common way to get power to an electric locomotive engine is through an overhead power line. This is because it is easy to set up. The electric locomotive engine market can be split into four groups based on how automated the engines are. In most places, the market is dominated by the GoA1 segment, but the higher level of automation is expected to be put into place soon.

The electric locomotive engine market can be split into two groups based on the type of power they use. DC motors have a high starting torque, which means they can move faster at first, no matter how much weight is on them. A DC motor can also work with AC power. So, the market is dominated by electric locomotive engines that are powered by DC. The market can be divided into thirteen parts based on what they sell. There are many parts in an electric locomotive engine, such as electric motors, a transformer, an inverter, and a compressor.

Regional Insights

During the Forecast period, North America is anticipated to be the largest market by region.

In terms of geography, the market for electric locomotive engines can be split into five major areas. Because more people in North America use technology and automation, it is the market leader around the world. In China, the market is growing quickly. China is expected to be the leader in the electric locomotive engine market because it has cheaper sources and the government will help it.

As the transportation industry grows, so does the amount of freight that needs to be moved around the world. This, in turn, is putting a lot of pressure on the market for electric locomotive engines. Environmental protection agencies have made it hard for diesel locomotive engines to meet Tier II, III, and IV standards. This is making people in North America more likely to use electric locomotive engines.

European emission standards have strict rules about how diesel locomotive engines can be used. This is expected to drive the market for electric locomotive engines over the next few years. In the coming years, the demand for electric locomotive engines is likely to be driven by the growth of the railway industry in the Asia-Pacific region.

There will be a lot of growth in the market for electric locomotive engines because a lot of money is being put into new rail projects in different Latin American countries. In the Middle East and Africa, there has been a lot of growth in rail transportation, which is driving the demand for electric locomotive engines.

Scope Analysis

Competitive Analysis

Companies in the Electric Locomotive Engines business are planning ways to increase their market share. Some of the best ways to do this are to highlight their USP statements, diversify their product portfolio, and add appealing features. The report gives detailed profiles of the most important companies in the Electric Locomotive Engines value chain, as well as their plans for the short, medium, and long term.

Some of the most important companies in the Electric Locomotive Engines market are ALSTOM, CRRC, General Electric, Siemens, CAF, Talgo, Bombardier, Bharat Heavy Electricals Limited

Recent Development

In April 2021, Alstom, India’s biggest multinational sustainable mobility provider with a comprehensive portfolio of offerings, has successfully manufactured and delivered the 100th electric locomotive to Indian Railways.

In November 2015, GE said it would spend $200 million to build and sell 1,000 diesel locomotives to Indian Railways. The Ministry of Railways gave the company a Letter of Award for a contract to supply and maintain locomotives. The contract is worth about $2.6 billion over 11 years. The deal moves the "Make in India" initiative forward and strengthens India's position as a place where things are made for people all over the world.

In August 2008, Bombardier Transportation announced that it had signed two contracts to give the New Jersey Transit Corporation (NJ TRANSIT) and the Agence Metropolitaine de Transport (AMT) in Montreal a total of 46 dual-powered passenger 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

By Companies

• ALSTOM
• CRRC
• General Electric
• Siemens
• CAF
• Talgo
• Bombardier
• Bharat Heavy Electricals Limited