The electrical rotating generator for locomotive global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electrical Rotating Generator for Locomotive Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The electrical rotating generator for locomotive market size has grown strongly in recent years. It will grow from $3.08 billion in 2023 to $3.24 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to growth in freight and passenger rail, increasing emphasis on sustainability and the reduction of carbon footprints, increased industrial activity, and the limited electric infrastructure available in various countries.
The electrical rotating generator for the locomotive market size is expected to see strong growth in the next few years. It will grow to $3.98 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to increased rail transport demand, rising populations and urbanization, rising use of diesel locomotives, increasing adoption of hybrid locomotives, and rising investments in high-speed rail projects. Major trends in the forecast period include technological developments, advancements in electrical engineering, advancements in hybrid and electric propulsion, infrastructure investment, and collaborations and partnerships.
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Scope Of Electrical Rotating Generator for Locomotive Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electrical Rotating Generator for Locomotive Market Overview
Market Drivers –
The rising investments in high-speed rail projects are expected to propel the growth of the electrical rotating generator for locomotive market going forward. Investments in high-speed rail projects are rising due to increasing urbanization, congestion on existing transportation networks, and the demand for faster and more efficient intercity travel options. Investments in electrical rotating generators for locomotives are essential for enhancing energy efficiency and reducing environmental impact through technological advancements and improved operational capabilities. For instance, in April 2021, according to the report published by the Office of Rail and Road, a UK-based government department, in the most recent fiscal year, spanning from April 2021 to March 2022, Network Rail’s spending on the mainline rail network increased by approximately $0.95 billion, reaching a total of $14.55 billion USD. Therefore, rising investments in high-speed rail projects are expected to drive the growth of the electrical rotating generator for locomotive market.
Market Trends –
Major companies operating in the electrical rotating generator for locomotive market are developing advanced products, such as traction generators, to enhance efficiency, reduce emissions, and improve the overall performance of locomotives. Traction generators are specially designed electrical generators for locomotives and other rail vehicles. They convert mechanical energy, usually from diesel engines or electric motors, into electrical energy to power traction motors. For instance, in August 2023, TMH-Elektrotekh of Novocherkassk, a Russia-based company, launched two prototypes of the Type GTSN-3150 traction synchronous generator for the new Class 3TE30G mainline freight locomotive. This generator has a higher power output compared to its predecessor (GTSN-2800) and is designed to power not only the traction motors but also all auxiliary systems and to start the diesel engine.
The electrical rotating generator for locomotive market covered in this report is segmented –
1) By Type: Electrically Excited Synchronous Generators, Permanent Excited Synchronous Generators (PMG), Induction Generators
2) By Locomotive Type: Freight Train, Passenger Train, Mixed
3) By Function: Traction Generators, Auxiliary Generators, Axle Generators, Other Functions
4) By Form: Conventional Diesel-Electric Locomotive Engine, Power Packs Under The Locomotive, Hybrid-Electric Locomotive Model With Battery Energy Storage
5) By Installation: New Installation, Retrofit
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Regional Insights –
Europe was the largest region in the electrical rotating generator for locomotive market in 2023. The regions covered in the electrical rotating generator for locomotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the electrical rotating generator for locomotive market are Hitachi Ltd., Caterpillar Inc., Mitsubishi Electric Corporation, CRRC Corporation Limited, Siemens Energy, ABB Ltd., Toshiba Energy Systems & Solutions Corporation, Alstom SA, NIDEC CORPORATION, Fuji Electric Co. Ltd., Wabtec Corporation, Kohler Co., Voith Group, Perkins Engines Company Limited, Escorts Limited, Marathon Electric, Zest WEG Group, Saini Group, Kirloskar Oil Engines Ltd, Generac Power Systems Inc., VEM Group, Rolls-Royce Holdings plc, Aksa Power Generation, Broadcrown Ltd.
Table of Contents
1. Executive Summary
2. Electrical Rotating Generator for Locomotive Market characterstics
3. Electrical Rotating Generator for Locomotive Market Trends And Strategies
4. Electrical Rotating Generator for Locomotive Market – Macro Economic Scenario
5. Global Electrical Rotating Generator for Locomotive Market Size And Growth
…..
32. Global Electrical Rotating Generator For Locomotive Market Competitive Benchmarking
33. Global Electrical Rotating Generator For Locomotive Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Electrical Rotating Generator For Locomotive Market
35. Electrical Rotating Generator For Locomotive Market Future Outlook and Potential Analysis
36. Appendix
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