Learn about the global electric locomotives market through The Business Research Company, which provides information on electric locomotives market size, electric locomotives market drivers and restraints, electric locomotives market players, the COVID-19 impact on the electric locomotives market, and more.

The global electric locomotives market size is expected to grow from $1.47 billion in 2021 to $1.67 billion in 2022 at a compound annual growth rate (CAGR) of 13.2%. The global electric locomotive market size is expected to grow to $2.73 billion in 2026 at a CAGR of 13.2%.
Concerns regarding a greener environment resulted in increasing demand for non-polluting and energy-efficient transport systems, thereby driving the electric locomotives market.

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The electric locomotives market consists of sales of electric locomotives which provide motive power to trains with no payload capacity, and their only use is to pull trains along the tracks. The sales consist of revenues generated by establishments that are primarily engaged in the manufacturing of locomotives and their components such as electric motors, transformers, inverters, and compressors.

Global Electric Locomotives Market Segments Include:

By Energy Transfer: Overhead Lines, Third Rail, On-Board Energy Storage

By Technology: IGBT Module, GTO Thyristor, SiC Module

By Traction Units: AC Traction Units, DC Traction Units, Multi System Units

By Application: Passenger Transport, Freight Transport

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe was the largest region in the electric locomotives market in 2021.

The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotive market in the forecast period.

TBRC’s electric locomotives market report covers:

Major Market Players: CRRC Corporation Limited, Bombardier Inc, Alstom SA, Siemens AG, Kawasaki Heavy Industries Ltd, General Electric Company, Transmashholding AG, Stadler Rail AG, Hitachi Ltd, and AEG Power Solutions.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Electric Locomotives Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electric locomotives market overviews, analyzes and forecasts market size, share, electric locomotives market players, electric locomotives market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electric locomotives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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