The global electrical rotating generator for locomotive market is a significant and dynamic segment of the automotive industry. Diesel locomotives are commonly used in freight and passenger rail transport across various regions, and they rely on electrical rotating generators to power their propulsion systems. These generators provide the necessary electrical energy to drive the locomotive's traction motors, making them a vital component in the rail industry.
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Data Bridge Market Research analyzes that the Global Electrical Rotating Generator for Locomotive Market is expected to reach USD 4,463.45 million by 2030 from USD 3,161.60 million in 2022 growing with a substantial CAGR of 4.4% in the forecast period of 2023 to 2030.
Key Findings of the Study
Rising Demand for Electrical Rotating Generator for Locomotive Products
The global electrical rotating generator for locomotive market is a significant and dynamic segment of the automotive industry. Rising use of diesel locomotives, increasing adoption of hybrid locomotive, limited electric infrastructure available in developing countries, and surging industrial and mining operations leading to drive the growth of global electrical rotating generator for locomotive market. However, stringent emission norms, rise in electrification of rail networks increase in demand of high-speed rail projects, and growing demand for other transportation as compared to rail transportation is expected to restrain the growth of global electrical rotating generator for locomotive market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (Electrically Excited Synchronous Generators, Permanent Excited Synchronous Generators (PMG) and Induction Generators), Function (Traction Generators, Auxiliary Generators, Axle Generators and Others), Form (Conventional Diesel-Electric Locomotive Engine, Power Packs Under the Locomotive, and Hybrid-Electric Locomotive Model with Battery Energy Storage), Power Rating (Less than 500 KW, 500 KW- 1000 KW, 1000 KW-2000 KW, and More than 2000 KW), Mounting Type (Single Bearing and Double Bearing), Installation (New Installation and Retrofit), Capacity (AC and DC), Locomotive Type (Freight Train, Passenger Train, and Mixed)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., Russia, France, Italy, Spain, Netherlands, Turkey, Poland, Sweden, Denmark, Switzerland, Belgium, and Rest of Europe, China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Taiwan, Thailand, Singapore, Indonesia, Vietnam, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, Israel, Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, and Rest of Middle East and Africa
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Market Players Covered
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Alstom SA (France), Siemens Energy (Germany), Wabtec Corporation (U.S.), Toshiba Energy Systems & Solutions Corporation (Japan), ABB (Switzerland), NIDEC CORPORATION (Italy), CRRC (China), Hitzinger Electric Power GmbH (Austria), VEM Group (U.S.), VINCORION Advanced Systems GmbH (Germany), Saini Group (Japan), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global electrical rotating generator for locomotive market is segmented into eight notable segments which are on the basis of type, function, form, capacity, installation, mounting type, power rating, and locomotive type.
- On the basis of type, the market is segmented into electrically excited synchronous generators, permanent excited synchronous generators (PMG), and induction generators
In 2023, the electrically excited synchronous generators segment is expected to dominate the global electrical rotating generator for locomotive market
In 2023, the electrically excited synchronous generators segment is expected to grow with the market share of 52.25% due to their versatility, cost-effectiveness, and ability to perform critical missions with reduced risk to human lives
- On the basis of function, the global electrical rotating generator for locomotive market is segmented into traction generators, auxiliary generators, axle generators, and others
In 2023, the traction generators segment expected to dominate the global electrical rotating generator for locomotive market
In 2023, the traction generators segment is expected to grow with the market share of 45.26% due to their applications across a wide range of industries, including security, surveillance, industrial, medical, automotive, and aerospace
- On the basis of form, the global electrical rotating generator for locomotive market is segmented into conventional diesel-electric locomotive engine, power packs under the locomotive, hybrid-electric locomotive model with battery energy storage. In 2023, conventional diesel-electric locomotive engine segment is expected to grow with the market share of 57.86%
- On the basis of power rating, the market is segmented into less than 500 KW, 500 KW- 1000 KW, 1000 KW-2000 KW, and more than 2000 KW. In 2023, the less than 500 KW segment is expected to grow with the market share of 39.93%
- On the basis of mounting type, the market is segmented into single bearing, and double bearing. In 2023, the single bearing segment is expected to grow with the market share of 66.31%
- On the basis of installation, the market has been segmented into new installation and retrofit. In 2023, the new installation segment is expected to grow with the market share of 72.32%
- On the basis of capacity, the market has been segmented into AC and DC. In 2023, the AC segment is expected to grow with the market share of 67.25%
- On the basis of locomotive type, the market has been segmented into freight train, passenger train and mixed. In 2023, the freight train segment is expected to grow with the market share of 61.09%
Major Players
Data Bridge Market Research analyzes Alstom SA (France), Siemens Energy (Germany), Wabtec Corporation (U.S.), Toshiba Energy Systems & Solutions Corporation (Japan), ABB (Switzerland) are the major players in the global electrical rotating generator for locomotive market.
Market Development
- In August 2023, CRRC MA was awarded the contract by Chile National Railroad (EFE) for the "Melipilla and Batuco" Electric Multiple Unit (EMU) procurement project, marking the largest railcar purchase order in EFE's history. The delivery, scheduled to begin in 2025, aimed to enhance Chilean railway infrastructure, improving passenger transportation capacity, reducing travel time, and providing upgraded, efficient rail services, ultimately contributing to CRRC's continued growth in the railcar manufacturing industry
- In July 2023, Siemens launched Innomotics, a leading motors and large drives company, consolidating its operations in low- to high-voltage motors, geared motors, medium-voltage converters, and motor spindles. Operating as a legally separate subsidiary with an operational headquarters in Nuremberg, Innomotics had around 14,000 employees worldwide and generated approximately €3 billion in revenue
- In May 2023, Alstom's joint venture in China, Alstom NUG Propulsion System (ANP), has introduced an innovative traction system, utilizing silicon carbide (SiC) traction converters and permanent magnet motor propulsion (PMM). This technology leads to 30% energy savings in train traction, increased maintainability, and improved convenience in maintenance operations, marking significant advancements in rail technology. The project in Chengdu, China, expands upon earlier trials conducted in Stockholm, Sweden, highlighting the continuous development of this technology by ANP
- In April 2022, ABB expanded its facility in Vadodara, inaugurating a digital substation products and systems plant while also planning to establish a new plant for increasing traction motor production. This strategic expansion enhances ABB India's manufacturing capabilities and supports its supply of traction motors for locomotives and metro rail projects, catering to growing demand and strengthening the company's position in the rail industry
- In October 2021, Nidec's 200kW E-Axle traction motor system, Ni200Ex, was integrated into the ZEEKR 001 electric vehicle by Geely Automobile Group's premium brand, "Zeekr." This collaboration allowed Nidec to advance its E-Axle series and accelerate mass production in August 2021, enhancing the power, efficiency, and overall performance of ZEEKR 001 and strengthening Nidec's position in the market
Regional Analysis
Geographically, the countries covered in the global electrical rotating generator for locomotive market report are U.S., Canada, Mexico, Germany, U.K., Russia, France, Italy, Spain, Netherlands, Turkey, Poland, Sweden, Denmark, Switzerland, Belgium, and Rest of Europe, China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Taiwan, Thailand, Singapore, Indonesia, Vietnam, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, Israel, Saudi Arabia, South Africa, Egypt, Qatar, Kuwait, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Europe is the dominant region in the global electrical rotating generator for locomotive market
Europe is expected to dominate the global electrical rotating generator for locomotive market has a strong technological leadership, substantial defense budgets, a robust defense industry, favorable regulatory conditions, and Germany was the pioneer of various generators used in rail industries. These factors collectively contribute to Europe's position as a dominant player in this industry.
Asia-Pacific is estimated to be the fastest growing region in the global electrical rotating generator for locomotive market
Asia-Pacific is the fastest growing region in the global electrical rotating generator for locomotive market is expected to dominate the global electrical rotating generator for locomotive market due to adoption of diesel locomotives for subsurface material transportation.
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