Electric Locomotive Engines Market | Contrive Datum Insights

Market Overview

Global Electric Locomotive Engines market size was USD 1.89 Billion in 2022 and is projected to grow to USD 4.02 billion by 2030, exhibiting a CAGR of 11.4% from 2023 to 2030. 

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The electric locomotives market research report is one of a series of new reports from Contrive Datum Insights. It gives electric locomotives market statistics, such as the size of the global electric locomotives market, the size of the electric locomotives market in each region, the size of the electric locomotives market share of competitors, detailed electric locomotives market segments, market trends and opportunities, and any other information you may need to succeed in the electric locomotives industry. This market research report on electric locomotives gives you a full picture of everything you need to know, including an in-depth look at the present and future state of the industry.

A machine that runs on electricity and moves a train is called an electric locomotive engine. Electric train engines have changed a lot since the middle of the 20th century. Electric train engines have a higher power-to-weight ratio than diesel locomotive engines. Electric trains can also go faster and pull more weight up steep grades.

A locomotive engine is a car on a train that uses diesel or electricity to move the train along the track. Some trains have their own load-carrying cars that move on their own. These engines are used to push and pull trains. They can be at the front, back, or both sides of the train. Electric engines are more popular than diesel engines because they are more efficient, cause less pollution, and cost less to run and maintain. 

People all over the world are becoming more worried about pollution and want systems that use less energy and don't pollute. Electric engines are taking the place of traditional engines like diesel engines. The Environmental Protection Agency (EPA) in the United States has made it a rule that diesel engines must give off less nitrogen gas. This is making people want electric train engines even more.

More people want electric train engines because they worry about how much carbon dioxide is released when fuel is burned. More and more freight is being moved on railways with electric locomotive engines. Electric train engines have a lot going for them, so it is likely that their popularity will grow a lot in the next few years.

Market Dynamics

Trends: After a pandemic, more digitalization will speed up market growth.

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

Using more self-running engines to speed up market growth

Autonomous locomotives are automated transit systems that run themselves without any help from people. They are watched from the control point. People and goods can be moved short and long distances with these items. The main things that help the intelligent movement of self-driving engines within certain towns and metros are a centralized control system that keeps track of all the trains and a predefined railway network and infrastructure. Long-distance self-driving transit systems use a variety of sensors and self-driving software.

Drivers: After a pandemic, more digitalization will speed up market growth.

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

Using more self-running engines to speed up market growth

Autonomous locomotives are automated transit systems that run themselves without any help from people. They are watched from the control point. People and goods can be moved short and long distances with these items. The main things that help the intelligent movement of self-driving engines within certain towns and metros are a centralized control system that keeps track of all the trains and a predefined railway network and infrastructure. Long-distance self-driving transit systems use a variety of sensors and self-driving software.

Restraints: Rolling stock that requires a lot of money to buy and that costs a lot to keep up will slow market growth.

People are becoming more interested in train travel, which has led to a high demand for these goods in recent years. The main reason for the change in means of transportation is that traffic is getting worse and causing more problems. The high number of locomotives on the global market is also due to improvements in rail facilities, cheap fares, being good for the environment, and being a faster way to travel. Because of this, the legal officials have put more money into rolling stock.

Major Market Segments Covered

The electric locomotive engine market can be divided into different parts based on how power is supplied, the amount of automation, the type of power, the parts, and where they are sold. Based on how the power is sent, the market can be split into three groups. An overhead power line is the most usual way for an electric locomotive engine to get power. Because it's simple to set up. Based on how automated the engines are, the market for electric train engines can be divided into four groups. Most places, the GoA1 segment is the most important part of the business, but the higher level of automation is coming soon.

Based on how they get their power, the electric train engine market can be divided into two groups. DC motors have a high starting power, which means that no matter how much weight is on them, they can move faster at first. AC power can also run a DC engine. So, electric train engines that run on DC power most of the market. Based on what they sell, the market can be split into thirteen parts. An electric train engine is made up of many parts, like electric motors, a transformer, an inverter, and a compressor.

Regional Insights

Geographically, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa have studied the global Electric Locomotive Engines market. (MEA).

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In terms of location, there are five main markets for electric locomotive engines. North America is the market leader around the world because more people there use technology and robotics than anywhere else. The market is growing quickly in China. On the market for electric locomotive engines, China is expected to be the winner because it has cheaper sources and the government will help it.

As the shipping business grows, so does the amount of freight that needs to be moved around the world. This, in turn, is making the market for electric train engines very tight. The EPA has made it hard for diesel locomotive engines to meet Tier II, Tier III, and Tier IV guidelines. People in North America are now more likely to use electric train engines because of this.

According to European emission norms, diesel locomotive engines can only be used in certain ways. In the next few years, this is likely to drive the market for electric train engines. In the coming years, the growth of the railway industry in the Asia-Pacific region is expected to increase the demand for electric locomotive engines.

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

Scope Of Report

Key Vendors

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

• ALSTOM

• CRRC

Industy Development

In April 2021, Alstom, India's largest international provider of sustainable mobility with a wide range of services, has successfully made and sent the 100th electric locomotive to Indian Railways 

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

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

In May 2021, Wabtec Corporation reported a first for the rail industry: its FLXdrive battery-electric locomotive cut a train's average use of fuel and greenhouse gas emissions by more than 11%.

In June 2021, General Motors (GM) and Wabtec Corporation announced that they would work together to create and sell GM's Ultium battery technology and HYDROTEC hydrogen fuel cell systems for Wabtec 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

Global Electric Locomotive Engines Market Regional insights

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Conclusion