Global Electric Locomotives Market 2023 – Industry Size, Growth, Share, Top Key Players | CRRC Corporation Limited, Bombardier Inc., Alstom SA, Siemens AG, Kawasaki Heavy Industries Ltd.

Electric Locomotives Market
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The Electric Locomotives Global Market Report 2023, provides comprehensive information on the electric locomotives market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032. 

Learn More On The Electric Locomotives Market’s Growth:

As per The Business Research Company’s Electric Locomotives Global Market Report 2023, the market size is expected to grow from$1.67 billion in 2022 to $1.89 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electric locomotives is expected to grow to $2.90 billion in 2027 at a CAGR of 11.4%.  

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The electric locomotives market is segmented:

1) Electric Locomotives Market By  Energy Transfer: Overhead Lines, Third Rail, On-board Energy Storage

2) Electric Locomotives Market By Technology: IGBT Module, GTO Thyristor, SiC Module

3) Electric Locomotives Market By Traction Units: AC Traction Units, DC Traction Units, Multi System Units

4) Electric Locomotives Market By Application: Passenger Transport, Freight Transport

Top Major Players

CRRC Corporation Limited

Bombardier Inc.

Alstom SA

Siemens AG

Kawasaki Heavy Industries Ltd.

Western Europe was the largest region in the electric locomotives market in 2022.

The table of contents in TBRC’s electric locomotives market report includes:

1. Executive Summary

2. Electric Locomotives Market Characteristics

3. Electric Locomotives Market Trends And Strategies

4. Electric Locomotives Market – Macro Economic Scenario

5. Electric Locomotives Market Size And Growth


26. Africa Electric Locomotives Market

27. Electric Locomotives Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Electric Locomotives Market

29. Electric Locomotives Market Future Outlook and Potential Analysis

30. Appendix

List Of Tables

Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion


Table 47: CRRC Corporation Limited Financial Performance
Table 48: Bombardier Inc. Financial Performance
Table 49: Alstom SA Financial Performance
Table 50: Siemens AG Financial Performance
Table 51: Kawasaki Heavy Industries Ltd. Financial Performance

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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