Electric Locomotives Global Market Report 2025

Global Electric Locomotives Market Report 2024

Electric Locomotives Global Market Report 2025 – 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) – Market Size, Trends, And Global Forecast 2025-2034

Name: Electric Locomotives Global Market Report 2025
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Electric Locomotives Global Market Report 2025

Report Price : $4490.00 | Pages : 175 | Published : January 2025 | Delivery Time: 2-3 business days | Format : pdf

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Electric Locomotives Global Market Report 2025

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Electric Locomotives Market Definition

An electric locomotive is a railway engine powered by electric motors instead of traditional diesel or steam engines. It receives electricity through overhead wires or electrified tracks, allowing for efficient and high-speed operation. Known for their quick acceleration and reduced emissions, electric locomotives are commonly used in urban transit, regional rail services, and high-speed trains, making them a key component of modern rail transportation.

The main types of energy transfer in electric locomotives are overhead lines, third rail, and onboard energy storage. Overhead lines are a wire or cable suspended between poles that is used to distribute power or signals. The technologies involved are technology, IGBT module, GTO thyristor, and sic module. The traction units involved are ac traction units, DC traction units, and multi-system units. The application involved Passenger Transport and freight transport.

Electric Locomotives Market Segmentation

The electric locomotives market covered in this report is segmented –

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

2) By Technology: IGBT Module, GTO Thyristor, SiC Module

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

4) By Application: Passenger Transport, Freight Transport

Subsegments:

1) By Overhead Lines: Catenary System Locomotives, Pantograph-Equipped Electric Locomotives

2) By Third Rail: Electric Locomotives Using Third Rail Systems, Dual-Power Locomotives

3) By On-Board Energy Storage: Battery Electric Locomotives, Hybrid Locomotives with On-Board Energy Storage Systems

Electric Locomotives Market Size and growth rate 2025 to 2029: Graph

Electric Locomotives Market Size 2025 And Growth Rate

The electric locomotives market size has grown rapidly in recent years. It will grow from $9.26 billion in 2024 to $10.43 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to increasing preference for non-polluting and energy-efficient transport, an increase in demand for freight services, strong economic growth in emerging markets, and increased investment from different sectors in electric locomotive.

Electric Locomotives Market Growth Forecast

The electric locomotives market size is expected to see rapid growth in the next few years. It will grow to $16.41 billion in 2029 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to the growing preference for pollution free efficient systems, an increase in digitalization, and increasing number of advanced electric locomotive projects. Major trends in the forecast period include advances in power supply, strategic partnerships, research, and development, developing the dual mode of electric locomotive trains, and ai-based locomotive driver assistance systems.

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Electric Locomotives Market Driver: Rising Demand For Green And Energy-Efficient Transport Drives Electric Locomotives Market

Increasing preference for non-polluting and energy-efficient transport is contributing to the growth of the electric locomotives market. According to the UK Department of Transport, besides highly efficient electric motors in electric locomotives that regularly have an efficiency of around 90% due to advancements such as regenerative braking, which can recover energy from braking, they emit 20%–35% less carbon per passenger mile than those enabled by diesel, which helps in a reduction in carbon emissions. Concerns regarding a greener environment have resulted in increasing demand for non-polluting and energy-efficient transport systems, thereby driving the electric locomotives market.

Electric Locomotives Market Driver: Rising Demand For Railway Passenger Transport Fuels Growth In Electric Locomotives Market

The increased demand for railway passenger transport is expected to propel the growth of electric locomotives market. Railway passenger transport involves conveying individuals via trains along a railway track. Passenger railways are a mode of transportation that moves people along a railroad route. For instance, in June 2024, according to the Office of Rail and Road, a UK-based government department, during the latest year, from April 1, 2023, to March 31, 2024, rail passengers in Great Britain made a total of 1,610 million journeys (1.61 billion). This marks a 16% increase compared to the previous year's total of 1,380 million journeys (1.38 billion) from April 1, 2022, to March 31, 2023. In the most recent quarter, from January 1 to March 31, 2024, there were 405 million journeys, representing a 13% rise from the 359 million journeys recorded in the same quarter of the previous year. Therefore, the increased demand for railway passenger transport will be propelling the growth of electric locomotives market going forward.

Global Electric Locomotives Market Major Players

Major companies operating in the electric locomotives market include CRRC Corporation Limited, Hitachi Ltd, Kawasaki Heavy Industries, Siemens AG, Stadler Rail AG, Wabtec Corporation, Bharat Heavy Electricals Limited, Toshiba Corporation, Alstom S. A, Hyundai Rotem, Banaras Locomotive Works, China Railway Corp, CZ LOKO, ZOS Vrutky a.s, ZEPHIR, Schalke Locomotives GmbH, Vossloh Locomotives GmbH, SOFTRONIC Ltd, PESA Bydgoszcz SA, Faur SA, Newag SA, Bombardier Inc, General Electric Company, Transmash holding AG

Global Electric Locomotives Market Trend: Dual-Mode Electric Locomotives Gain Momentum In The Electric Locomotives Market

The emergence of dual-mode locomotive electric trains will be one of the major trends that will gain traction in the electric locomotives market in the forecast period. In May 2022, the Indian West Central Railways, launched Navdoot. Navdoot is a dual-mode locomotive that runs on batteries. The batteries and electricity are both used to power this engine.

Global Electric Locomotives Market Trend: Innovative Es44Aci Diesel-Electric Locomotive Propels Sustainability In The Electric Locomotives Market

Major companies operating in the electric locomotives market are innovating new products such as the ES44ACi diesel-electric locomotive to increase their profitability in the market. The ES44ACi diesel-electric locomotive has been engineered to enhance the heavy-haul rail network in Brazil and promote sustainability. For instance, in March 2022 Wabtec, a US-based rail technology innovator launched a new sustainable, heavy-haul locomotive for Brazil's freight rail market, the ES44ACi diesel-electric locomotive. The locomotive features advanced engine technology, which results in a fuel consumption and emissions reduction of over 5% compared to its predecessor. Additionally, the utilization of high-strength materials in the ES44ACi enhances the reliability of the diesel engine and significantly extends the intervals between major maintenance by around 28%, thus reducing the operational expenses throughout the locomotive's lifecycle.

Electric Locomotives Market Merger And Acquisition: Beacon Rail Metro Finance Acquires Mitsui Rail Capital Europe To Expand Locomotive Portfolio

In September 2023, Beacon Rail Metro Finance B.V., a Netherlands-based rolling stock leasing company, acquired Mitsui Rail Capital Europe B.V. for an undisclosed amount. As a result of the acquisition, Beacon is continuing its expansion in the European rail market, aiming to improve its fleet and service offerings. Mitsui expects to record a profit from this transaction, which will have a significant positive impact on its financial outlook for the fiscal year ending in March 2024. Mitsui Rail Capital Europe B.V. is a Netherlands-based locomotive leasing company.

Regional Outlook For The Global Electric Locomotives Market

Western Europe was the largest region in the electric locomotives market in 2024. Asia-Pacific was the second largest region in the global electric locomotives market share. The regions covered in the electric locomotives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the electric locomotives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain

What Defines the Electric Locomotives Market?

The electric locomotives market consists of sales of direct current (DC) and alternating current (AC) locomotives. 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.

How is Market Value Defined and Measured?

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.

What is the Market Assessment and Strategic Outlook for the Electric Locomotives Industry?

The electric locomotives market research report is one of a series of new reports from The Business Research Company that provides electric locomotives market statistics, including electric locomotives industry global market size, regional shares, competitors with an electric locomotives market share, detailed electric locomotives market segments, market trends and opportunities, and any further data you may need to thrive in the electric locomotives industry. This electric locomotives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electric Locomotives Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$10.43 billion
Revenue Forecast In 2034	$16.41 billion
Growth Rate	CAGR of 12.0% from 2024 to 2033
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	1) By Energy Transfer: Overhead Lines, Third Rail, On-Board Energy Storage 2) By Technology: IGBT Module, GTO Thyristor, SiC Module 3) By Traction Units: AC Traction Units, DC Traction Units, Multi System Units 4) By Application: Passenger Transport, Freight Transport Subsegments: 1) By Overhead Lines: Catenary System Locomotives, Pantograph-Equipped Electric Locomotives 2) By Third Rail: Electric Locomotives Using Third Rail Systems, Dual-Power Locomotives 3) By On-Board Energy Storage: Battery Electric Locomotives, Hybrid Locomotives with On-Board Energy Storage Systems
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	CRRC Corporation Limited, Hitachi Ltd, Kawasaki Heavy Industries, Siemens AG, Stadler Rail AG, Wabtec Corporation, Bharat Heavy Electricals Limited, Toshiba Corporation, Alstom S. A, Hyundai Rotem, Banaras Locomotive Works, China Railway Corp, CZ LOKO, ZOS Vrutky a.s, ZEPHIR, Schalke Locomotives GmbH, Vossloh Locomotives GmbH, SOFTRONIC Ltd, PESA Bydgoszcz SA, Faur SA, Newag SA, Bombardier Inc, General Electric Company, Transmash holding AG
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Electric Locomotives Market Characteristics

3. Electric Locomotives Market Trends And Strategies

4. Electric Locomotives Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid And Recovery on the Market

5. Global Electric Locomotives Growth Analysis And Strategic Analysis Framework

5.1. Global Electric Locomotives PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Electric Locomotives Market Growth Rate Analysis

5.4. Global Electric Locomotives Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Electric Locomotives Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Electric Locomotives Total Addressable Market (TAM)

6. Electric Locomotives Market Segmentation

6.1. Global Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Overhead Lines

Third Rail

On-Board Energy Storage

6.2. Global Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

IGBT Module

GTO Thyristor

SiC Module

6.3. Global Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

AC Traction Units

DC Traction Units

Multi System Units

6.4. Global Electric Locomotives Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Passenger Transport

Freight Transport

6.5. Global Electric Locomotives Market, Sub-Segmentation Of Overhead Lines, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Catenary System Locomotives

Pantograph-Equipped Electric Locomotives

6.6. Global Electric Locomotives Market, Sub-Segmentation Of Third Rail, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Electric Locomotives Using Third Rail Systems

Dual-Power Locomotives

6.7. Global Electric Locomotives Market, Sub-Segmentation Of On-Board Energy Storage, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Battery Electric Locomotives

Hybrid Locomotives with On-Board Energy Storage Systems

7. Electric Locomotives Market Regional And Country Analysis

7.1. Global Electric Locomotives Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Electric Locomotives Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Electric Locomotives Market

8.1. Asia-Pacific Electric Locomotives Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Electric Locomotives Market

9.1. China Electric Locomotives Market Overview

9.2. China Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Electric Locomotives Market

10.1. India Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Electric Locomotives Market

11.1. Japan Electric Locomotives Market Overview

11.2. Japan Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Electric Locomotives Market

12.1. Australia Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Electric Locomotives Market

13.1. Indonesia Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Electric Locomotives Market

14.1. South Korea Electric Locomotives Market Overview

14.2. South Korea Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Electric Locomotives Market

15.1. Western Europe Electric Locomotives Market Overview

15.2. Western Europe Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Electric Locomotives Market

16.1. UK Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Electric Locomotives Market

17.1. Germany Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Electric Locomotives Market

18.1. France Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Electric Locomotives Market

19.1. Italy Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Electric Locomotives Market

20.1. Spain Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Electric Locomotives Market

21.1. Eastern Europe Electric Locomotives Market Overview

21.2. Eastern Europe Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Electric Locomotives Market

22.1. Russia Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Electric Locomotives Market

23.1. North America Electric Locomotives Market Overview

23.2. North America Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Electric Locomotives Market

24.1. USA Electric Locomotives Market Overview

24.2. USA Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Electric Locomotives Market

25.1. Canada Electric Locomotives Market Overview

25.2. Canada Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Electric Locomotives Market

26.1. South America Electric Locomotives Market Overview

26.2. South America Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Electric Locomotives Market

27.1. Brazil Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Electric Locomotives Market

28.1. Middle East Electric Locomotives Market Overview

28.2. Middle East Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Electric Locomotives Market

29.1. Africa Electric Locomotives Market Overview

29.2. Africa Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Electric Locomotives Market Competitive Landscape And Company Profiles

30.1. Electric Locomotives Market Competitive Landscape

30.2. Electric Locomotives Market Company Profiles

30.2.1. CRRC Corporation Limited Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Hitachi Ltd Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Kawasaki Heavy Industries Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Siemens AG Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Stadler Rail AG Overview, Products and Services, Strategy and Financial Analysis

31. Electric Locomotives Market Other Major And Innovative Companies

31.1. Wabtec Corporation

31.2. Bharat Heavy Electricals Limited

31.3. Toshiba Corporation

31.4. Alstom S. A

31.5. Hyundai Rotem

31.6. Banaras Locomotive Works

31.7. China Railway Corp

31.8. CZ LOKO

31.9. ZOS Vrutky a.s

31.10. ZEPHIR

31.11. Schalke Locomotives GmbH

31.12. Vossloh Locomotives GmbH

31.13. SOFTRONIC Ltd

31.14. PESA Bydgoszcz SA

31.15. Faur SA

32. Global Electric Locomotives Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Electric Locomotives Market

34. Recent Developments In The Electric Locomotives Market

35. Electric Locomotives Market High Potential Countries, Segments and Strategies

35.1 Electric Locomotives Market In 2029 - Countries Offering Most New Opportunities

35.2 Electric Locomotives Market In 2029 - Segments Offering Most New Opportunities

35.3 Electric Locomotives Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Electric Locomotives Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Electric Locomotives Market, Sub-Segmentation Of Overhead Lines, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Electric Locomotives Market, Sub-Segmentation Of Third Rail, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Electric Locomotives Market, Sub-Segmentation Of On-Board Energy Storage, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Electric Locomotives Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Electric Locomotives Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Asia-Pacific, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: China, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: India, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: Japan, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Australia, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Indonesia, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: South Korea, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: Western Europe, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: UK, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: Germany, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: France, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: Italy, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Spain, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Eastern Europe, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Russia, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: North America, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: USA, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: Canada, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: South America, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: Brazil, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Middle East, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Africa, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: CRRC Corporation Limited Financial Performance

Table 79: Hitachi Ltd Financial Performance

Table 80: Kawasaki Heavy Industries Financial Performance

Table 81: Siemens AG Financial Performance

Table 82: Stadler Rail AG Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Electric Locomotives Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Electric Locomotives Market, Sub-Segmentation Of Overhead Lines, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Electric Locomotives Market, Sub-Segmentation Of Third Rail, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Electric Locomotives Market, Sub-Segmentation Of On-Board Energy Storage, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Electric Locomotives Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Electric Locomotives Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Asia-Pacific, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: China, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: India, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: Japan, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Australia, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Indonesia, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: South Korea, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: Western Europe, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: UK, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: Germany, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: France, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: Italy, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Spain, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Eastern Europe, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Russia, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: North America, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: USA, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: Canada, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: South America, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: Brazil, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Middle East, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Africa, Electric Locomotives Market, Segmentation By Energy Transfer, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Electric Locomotives Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Electric Locomotives Market, Segmentation By Traction Units, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: CRRC Corporation Limited Financial Performance

Figure 79: Hitachi Ltd Financial Performance

Figure 80: Kawasaki Heavy Industries Financial Performance

Figure 81: Siemens AG Financial Performance

Figure 82: Stadler Rail AG Financial Performance

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Frequently Asked Questions

What is the definition of the Electric Locomotives market?

How will the Electric Locomotives market drivers and restraints affect the market dynamics? What forces will shape the Electric Locomotives industry going forward?

The Electric Locomotives market major growth driver - Rising Demand For Green And Energy-Efficient Transport Drives Electric Locomotives Market. For further insights on the Electric Locomotives market, request a sample here

What is the forecast market size or the forecast market value of the Electric Locomotives market?

The Electric Locomotives market size has grown strongly in recent years. The electric locomotives market size has grown rapidly in recent years. It will grow from $9.26 billion in 2024 to $10.43 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to increasing preference for non-polluting and energy-efficient transport, an increase in demand for freight services, strong economic growth in emerging markets, and increased investment from different sectors in electric locomotive. The electric locomotives market size is expected to see rapid growth in the next few years. It will grow to $16.41 billion in 2029 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to the growing preference for pollution free efficient systems, an increase in digitalization, and increasing number of advanced electric locomotive projects. Major trends in the forecast period include advances in power supply, strategic partnerships, research, and development, developing the dual mode of electric locomotive trains, and ai-based locomotive driver assistance systems. For further insights on the Electric Locomotives market, request a sample here

How is the Electric Locomotives market segmented?

The electric locomotives market covered in this report is segmented –
1) By Energy Transfer: Overhead Lines, Third Rail, On-Board Energy Storage
2) By Technology: IGBT Module, GTO Thyristor, SiC Module
3) By Traction Units: AC Traction Units, DC Traction Units, Multi System Units
4) By Application: Passenger Transport, Freight Transport Subsegments:
1) By Overhead Lines: Catenary System Locomotives, Pantograph-Equipped Electric Locomotives
2) By Third Rail: Electric Locomotives Using Third Rail Systems, Dual-Power Locomotives
3) By On-Board Energy Storage: Battery Electric Locomotives, Hybrid Locomotives with On-Board Energy Storage Systems For further insights on the Electric Locomotives market, request a sample here

Which region has the largest share of the Electric Locomotives market? What are the other regions covered in the report?

Western Europe was the largest region in the electric locomotives market in 2024. Asia-Pacific was the second largest region in the global electric locomotives market share. The regions covered in the electric locomotives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the Electric Locomotives market, request a sample here.

Who are the major players in the Electric Locomotives market?

What are the key trends in the Electric Locomotives market?

Major trends in the Electric Locomotives market include Dual-Mode Electric Locomotives Gain Momentum In The Electric Locomotives Market. For further insights on the Electric Locomotives market, request a sample here.

What are the major opportunities in the Electric Locomotives market? What are the strategies for the Electric Locomotives market?

For detailed insights on the major opportunities and strategies in the Electric Locomotives market, request a sample here.

How does the Electric Locomotives market relate to the overall economy and other similar markets?

For detailed insights on Electric Locomotives's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Electric Locomotives industry?

For detailed insights on the mergers and acquisitions in the Electric Locomotives industry, request a sample here.

What are the key dynamics influencing the Electric Locomotives market growth? SWOT analysis of the Electric Locomotives market.

For detailed insights on the key dynamics influencing the Electric Locomotives market growth and SWOT analysis of the Electric Locomotives industry, request a sample here.