The global electric locomotives market is expected to decline from $6.53 billion in 2019 to $6.4 billion in 2020 at a rate of -1.99%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and all travel and transport activities. The market is then expected to recover and reach $7.85 billion in 2023 at a rate of 7.06%.
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The electric locomotives market consists of sales of electric locomotives which provide motive power to trains with no payload capacity, and their only use is to pull trains along the tracks. The sales consist of revenues generated by establishments that are primarily engaged in the manufacturing of locomotives and its components such as electric motors, transformer, inverter, and compressor.
Global 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
Global Electric Locomotives Market Drivers –
Increasing preference for non-polluting and energy-efficient transport is contributing to the growth of the electric locomotives market.
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A Few Points From The Global Electric Locomotives Market ToC
1. Executive Summary
2. Electric Locomotives Market Characteristics
3. Electric Locomotives Market Size And Growth
3.1. Global Electric Locomotives Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Electric Locomotives Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Electric Locomotives Market Segmentation
5. Electric Locomotives Market Regional And Country Analysis
5.1. Global Electric Locomotives Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Electric Locomotives Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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