PUBLISHER: The Business Research Company | PRODUCT CODE: 1704229
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704229
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 from The Business Research Company 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 size has grown strongly in recent years. It will grow from $3.24 billion in 2024 to $3.41 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in freight and passenger rail, increasing emphasis on sustainability and the reduction of carbon footprints, increased industrial activity, and the limited electric infrastructure available in various countries.
The electrical rotating generator for locomotive market size is expected to see strong growth in the next few years. It will grow to $4.18 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increased rail transport demand, rising populations and urbanization, rising use of diesel locomotives, increasing adoption of hybrid locomotives, and rising investments in high-speed rail projects. Major trends in the forecast period include technological developments, advancements in electrical engineering, advancements in hybrid and electric propulsion, infrastructure investment, and collaborations and partnerships.
The increasing investments in high-speed rail projects are anticipated to drive the growth of the electrical rotating generator for locomotive market in the future. The rise in investments is driven by factors such as urbanization, congestion on existing transportation networks, and the growing demand for faster and more efficient intercity travel. The investments in electrical rotating generators for locomotives play a crucial role in improving energy efficiency and minimizing environmental impact through technological innovations and enhanced operational performance. For example, in November 2023, the Office of Rail and Road, a UK-based government department, reported that the government allocated $25.7 billion to the rail industry for the period from April 2022 to March 2023. This amount included $14.5 billion for operations and $8.4 billion for the HS2 project, with additional funds allocated to infrastructure, support, and the East West Rail project. As a result, the increasing investments in high-speed rail projects are expected to boost the growth of the electrical rotating generator for locomotive market.
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 April 2024, Integrated Power Services LLC, a US-based privately held company specializing in power management systems and driven equipment solutions, acquired Swiger Coil Systems LLC for an undisclosed amount. With this acquisition, Integrated Power Services LLC intends to enhance its manufacturing capabilities, expand its service network, and reinforce its leadership in the electric coil and traction motor markets. Swiger Coil Systems LLC, a US-based manufacturer, produces high-quality coils that are crucial for the efficient operation of electrical rotating generators in 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 2024. 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.
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.
Electrical Rotating Generator for Locomotive Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electrical rotating generator for locomotive market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electrical rotating generator for locomotive ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electrical rotating generator for locomotive market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.