The Electric Locomotives Global Market Report 2023, provides comprehensive information on the electric locomotives market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Electric Locomotives Global Market Report 2023, the market size is expected to grow from$1.67 billion in 2022 to $1.89 billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global electric locomotives is expected to grow to $2.90 billion in 2027 at a CAGR of 11.4%.

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The electric locomotives market is segmented:

1) Electric Locomotives Market By Energy Transfer: Overhead Lines, Third Rail, On-board Energy Storage

2) Electric Locomotives Market By Technology: IGBT Module, GTO Thyristor, SiC Module

3) Electric Locomotives Market By Traction Units: AC Traction Units, DC Traction Units, Multi System Units

4) Electric Locomotives Market By Application: Passenger Transport, Freight Transport

Western Europe was the largest region in the electric locomotives market in 2022.

The table of contents in TBRC’s electric locomotives market report includes:

1. Executive Summary

2. Electric Locomotives Market Characteristics

3. Electric Locomotives Market Trends And Strategies

4. Electric Locomotives Market – Macro Economic Scenario

5. Electric Locomotives Market Size And Growth

..........

26. Africa Electric Locomotives Market

27. Electric Locomotives Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Electric Locomotives Market

29. Electric Locomotives Market Future Outlook and Potential Analysis

30. Appendix

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