Electrical Rotating Generator for Locomotive Market Report 2024

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 observed in the historic period can be attributed to several factors, including the expansion of freight and passenger rail services, heightened focus on sustainability and reducing carbon footprints, increased industrial activity, and the limited availability of electric infrastructure 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 anticipated growth in the forecast period can be attributed to several factors, including growing demand for rail transport, urbanization and population growth, continued use of diesel locomotives, increasing adoption of hybrid locomotives, and rising investments in high-speed rail projects. Key trends expected in the forecast period include technological advancements, particularly in electrical engineering and hybrid/electric propulsion systems. There will also be a significant focus on infrastructure investments to support rail networks and operations, as well as increasing collaborations and partnerships within the rail industry to foster innovation and development of new technologies.

Investments in high-speed rail projects are on the rise, driven by urbanization, congestion in current transportation networks, and the demand for faster intercity travel options. This increased investment is expected to fuel growth in the market for electrical rotating generators used in locomotives. These generators play a crucial role in improving energy efficiency and reducing environmental impact through technological advancements and enhanced operational capabilities. For example, Network Rail's spending on the mainline rail network in the UK increased by approximately $0.95 billion USD in the fiscal year spanning April 2021 to March 2022, reaching a total of $14.55 billion USD, underscoring the trend driving the electrical rotating generator market for locomotives.

Leading companies in this market are focusing on developing advanced products such as traction generators to boost efficiency, lower emissions, and enhance overall locomotive performance. Traction generators are specialized electrical generators designed for locomotives and other rail vehicles. They convert mechanical energy from diesel engines or electric motors into electrical energy to power traction motors. For instance, TMH-Elektrotekh of Novocherkassk in Russia introduced two prototypes of the Type GTSN-3150 traction synchronous generator for the new Class 3TE30G mainline freight locomotive in August 2023. This generator boasts higher power output compared to its predecessor (GTSN-2800) and is designed to power traction motors, auxiliary systems, and start diesel engines.

In January 2021, Alstom SA, a French rolling stock manufacturer, acquired Bombardier Transportation AB, a Germany-based rail transport company, to strengthen its position as a global leader in smart and sustainable mobility. This strategic move aims to leverage synergies between the companies to innovate and meet the evolving needs of the rail market, including advancements in electrical rotating generators for locomotives.

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.

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.

The countries covered in the electrical rotating generator for locomotive market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An electrical rotating generator for locomotives refers to a device that converts mechanical energy from the locomotive's engine into electrical energy. These generators are essential for ensuring efficient locomotive operation and providing power for propulsion, as well as for passenger or freight services.

The main types of electrical rotating generators used in locomotives include electrically excited synchronous generators, permanent magnet synchronous generators (PMG), and induction generators. Electrically excited synchronous generators (EESGs) utilize an electric current to create the rotor's magnetic field, rather than relying on permanent magnets. They are versatile and suitable for various locomotive applications such as traction generators, auxiliary generators, and axle generators. These generators can be integrated into different locomotive configurations, including conventional diesel-electric engines, power packs mounted beneath locomotives, and hybrid-electric models featuring battery energy storage, available for both new installations and retrofitting projects.

The electrical rotating generator for locomotive market research report is one of a series of new reports that provides electrical rotating generator for locomotive market statistics, including electrical rotating generator for locomotive industry global market size, regional shares, competitors with electrical rotating generator for locomotive market share, detailed electrical rotating generator for locomotive market segments, market trends and opportunities, and any further data you may need to thrive in the electrical rotating generator for locomotive industry. This electrical rotating generator for locomotive market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electrical rotating generator for locomotive market consists of sales of electric power generators, traction motors, communication systems, and control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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