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Global Electric Locomotive Engines Market 2017-2021

Global Electric Locomotive Engines Market 2017-2021

About Electric Locomotive Engines

Increasing number of passengers and freight volumes drive the electric locomotive engines market in various regions. Rising concerns regarding pollution and declining air quality have pushed government bodies and private stakeholders to upgrade from diesel-electric locomotives to energy-efficient and non-polluting electric locomotives. In terms of speed and reliability, electric locomotives are more efficient than their diesel-electric counterparts.

Technavio’s analysts forecast the global electric locomotive engines market to grow at a CAGR of 3.65% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric locomotive engines market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electric Locomotive Engines Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of operating in this market.

Key vendors
  • ALSTOM
  • China CNR
  • Siemens
Other prominent vendors
  • CAF
  • MITSUI & Co., Ltd (MITSUI)
  • ŠKODA AUTO
  • Talgo
Market driver
  • Increasing preference for non-polluting and energy-efficient transport.
  • For a full, detailed list, view our report
Market challenge
  • Rising preference for road transport for passenger mobility.
  • For a full, detailed list, view our report
Market trend
  • Emergence of hydrogen-powered locomotive engines.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are in this market space?
  • What are the market opportunities and threats faced by the key vendors??
  • What are the strengths and weaknesses of the key vendors??


Press Release

Technavio Announces the Publication of its Research Report – Global Electric Locomotive Engines Market 2017-2021

Technavio recognizes the following companies as the key players in the global electric locomotive engines market: ALSTOM, China CNR, and Siemens.

Other Prominent Vendors in the market are: CAF, MITSUI & Co., Ltd (MITSUI), ŠKODA AUTO, and Talgo.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is emergence of dual-mode locomotive trains. Annually, about $3 billion worth fuel is used in India for powering the diesel locomotives of the country. The Indian government plans to electrify about 22,000 miles of rails and introduce electric engine locomotives to reduce the dependence on diesel engines. Since the Indian Railways has a limited borrowing capacity, raising funds for building infrastructure for rail electrification will be difficult. The Indian Railways must acquire about 5,000 electric engine locomotives for complete electrification of rails. The additional cost of hiring engineers, additional skilled workforce and re-educating the existing staff about the operations of maintaining traction and locomotive maintenance for electric engines will be high. It would be too complex to re-educate existing staff about operations of dual-mode locomotive engines due to their expertise in working only with diesel locomotive engines. Chittaranjan Locomotive Works is the only company in India that manufactures around 300 electric locomotive engines in a year.”

According to the report, one driver in market is stringent emission standards for diesel locomotive engines. Due to air pollution, around 3 million deaths are reported every year around the world. In 2015, China ranked first with 1.4 million deaths a year, followed by India with 645,000 and Pakistan with 110,000 deaths. Premature deaths occur primarily due to long-term exposure to hazardous engine emissions like nitrogen dioxide, carbon monoxide, sulfur dioxide, and hydrocarbons. Government bodies across the globe formulate various emission norms for checking the particulate emission levels. The transport segment contributes to about 15% of the global greenhouse gas emissions. Approximately 95% of these emissions are generated from vehicles that run on fossil fuels, namely, diesel and gasoline. The emission norms focus primarily on roadways as it constitutes the majority of the transport. In 2015, rail transport contributed to less than 1%, whereas road transport contributed to about 20% of the global carbon dioxide emissions. The increasing rate of electrification since the 1990s has reduced the dependence of locomotives on steam and fossil fuels.

Further, the report states that one challenges in market is augmented cost of rail electrification and freight volumes. Electric locomotive engines provide an economical mode of freight and passenger transport. Electric rails for freight and passenger transport require less fuel and save travel time, thereby ensuring efficiency in transportation. However, the high costs of electrification of rails stretching millions of miles, the subsequent environmental concerns regarding the cutting of trees, and destruction of natural abodes for the construction of electric overhead lines pose challenges for the electric locomotive engines market. In addition, the rising preference for renewable energy has led to a decreased use of thermal coal for powering power plants. This has significantly led to a decrease in the amount of coal transported as freight, thereby increasing the risk and time needed to justify expensive electrification of rails. Coal comprises about 80% of the freight transported by rails.

Companies Mentioned

ALSTOM, China CNR, Siemens, CAF, MITSUI & Co., Ltd (MITSUI), ŠKODA AUTO, and Talgo.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Segmentation of global electric locomotive engines market
      • Table Global electric locomotive engines market 2016-2021 (number of units)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global electric locomotive engines market by application
      • Table Global electric locomotive engines market segmentation by application
      • Table Global electric locomotive engines market by application 2016-2021 (number of units)
      • Table Global electric locomotive engines market by application 2016-2021 (% share)
    • Electric locomotive engines market in freight transport
      • Table Global electric locomotive engines market by freight transport 2016-2021 (number of units)
    • Electric locomotive engines market in passenger transport
      • Table Global electric locomotive engines market by passenger transport 2016-2021 (number of units)
  • Geographical segmentation
    • Geographical segmentation of global electric locomotive engines market
      • Table Global electric locomotive engines market by geography 2016 (% share)
      • Table Global electric locomotive engines market by geography 2016-2021 (number of units)
      • Table Global electric locomotive engines market by geography 2016-2021 (% share)
      • Table Electric locomotive engines market in APAC 2016-2021 (number of units)
    • Electric locomotive engines market in EMEA
      • Table Electric locomotive engines market in EMEA 2016-2021 (number of units)
    • Electric locomotive engines market in Americas
      • Table Electric locomotive engines market in Americas 2016-2021 (number of units)
  • Key leading countries
    • Table Key leading countries
  • Market drivers
    • Stringent emission standards for diesel locomotive engines
    • Increasing preference for non-polluting and energy-efficient transport
      • Table Carbon dioxide emissions in transport segment 2015 (% share)
      • Table Fuel efficiency for rail freight transport in US during 1990-2015 (number of miles per gallon)
    • Increasing government expenditure on developing rail systems for public transport
      • Table Types of road transport
      • Table Types of rail transport
      • Table Types of water transport
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Augmented cost of rail electrification and freight volumes
    • Heavy dependence on road for freight movement
    • Rising preference for road transport for passenger mobility
      • Table Types of alternative modes of personal mobility
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Emergence of dual-mode locomotive trains
    • Use of autonomous locomotive engines for long-distance transport
    • Emergence of hydrogen-powered locomotive engines
  • Vendor landscape
    • Competitor landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ALSTOM
      • Table ALSTOM: Product offerings
      • Table ALSTOM: Key highlights
    • China CNR
      • Table China CNR: Product offerings
      • Table China CNR: Geographical presence
      • Table China CNR: Key highlights
    • Siemens
      • Table Siemens: Business segmentation by revenue 2016 (% share)
      • Table Siemens: Business segmentation
      • Table Siemens: Key highlights
  • Appendix
    • List of abbreviations
  • Explore Technavio

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