Press release
Key Trends Shaping the Future Electrical Rotating Generator for Locomotive Market From 2025-2034: Advancements In Traction Generators For Locomotives
Electrical Rotating Generator for Locomotive
Increased investments in high-speed rail projects are expected to drive the electrical rotating generator for locomotive market. High-speed rail projects are gaining attention due to urbanization, congestion, and demand for faster intercity travel. Electrical rotating generators are crucial for improving energy efficiency and reducing environmental impact in these systems. In November 2023, the UK government allocated $25.7 billion to the rail industry, including $8.4 billion for HS2 and other rail projects. Therefore, the rising investments in high-speed rail are likely to propel the growth of the electrical rotating generator for locomotive market.
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What growth opportunities are expected to drive the electrical rotating generator for locomotive market's CAGR through 2034?
The electrical rotating generator for locomotive market size has grown steadily in recent years. It will increase from $3.24 billion in 2024 to $3.41 billion in 2025, at a CAGR of 5.3%. The growth is linked to the expansion of freight and passenger rail, increased focus on sustainability, and the limited electric infrastructure in many countries.
The electrical rotating generator for locomotive market is expected to reach $4.18 billion by 2029, expanding at a CAGR of 5.2%. This growth is driven by the increasing demand for rail transport, urbanization, hybrid locomotive adoption, and investments in high-speed rail projects. Trends include technological developments, hybrid propulsion advancements, and increased infrastructure investment.
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What are the emerging trends shaping the future of the electrical rotating generator for locomotive market?
Companies in the electrical rotating generator for locomotives market are focusing on developing traction generators to improve locomotive efficiency, reduce emissions, and enhance performance. Traction generators convert mechanical energy into electrical energy to power traction motors. For instance, in August 2023, TMH-Elektrotekh, a Russian-based company, launched the Type GTSN-3150 traction synchronous generator for the Class 3TE30G mainline freight locomotive. This generator has a higher power output than its predecessor and supports both traction motors and auxiliary systems.
Which growth-oriented segments of the electrical rotating generator for locomotive market are leading the industry's development?
The electrical rotating generator for locomotive market covered in this report is segmented -
1) By Type: Electrically Excited Synchronous Generators, Permanent Excited Synchronous Generators (PMG), Induction Generators
2) By Locomotive Type: Freight Train, Passenger Train, Mixed
3) By Function: Traction Generators, Auxiliary Generators, Axle Generators, Other Functions
4) By Form: Conventional Diesel-Electric Locomotive Engine, Power Packs Under The Locomotive, Hybrid-Electric Locomotive Model With Battery Energy Storage
5) By Installation: New Installation, Retrofit
Subsegments:
1) By Electrically Excited Synchronous Generators: Brushless Excited Synchronous Generators, Brush-Type Excited Synchronous Generators
2) By Permanent Excited Synchronous Generators (PMG): By Low-Speed Permanent Magnet Synchronous Generators (PMSG), High-Speed Permanent Magnet Synchronous Generators (PMSG)
3) By Induction Generators: Squirrel Cage Induction Generators, Wound Rotor Induction Generators
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What regions are leading the charge in the electrical rotating generator for locomotive market?
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.
What companies are at the forefront of innovation in the electrical rotating generator for locomotive market?
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.
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What Is Covered In The Electrical Rotating Generator for Locomotive Global Market Report?
•Market Size Forecast: Examine the electrical rotating generator for locomotive market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electrical rotating generator for locomotive market for a structured understanding.
•Key Players Overview: Analyze major players in the electrical rotating generator for locomotive market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electrical rotating generator for locomotive market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electrical rotating generator for locomotive market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electrical rotating generator for locomotive market.
•Industry Challenges: Identify potential risks and obstacles affecting the electrical rotating generator for locomotive market.
•Competitive Landscape: Review strategic developments in the electrical rotating generator for locomotive market, including expansions, agreements, and new product launches.
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