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The Electric Locomotives Global Market Report 2021-31 by The Business Research Company describes and explains the global electric locomotives market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Electric Locomotives Global Market Report 2022 covers electric locomotives market drivers, electric locomotives market trends, electric locomotives market segments, electric locomotives market growth rate, electric locomotives market major players, and electric locomotives market size.
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The electric locomotives market report provides in-depth analysis of the impact of COVID-19 on the global electric locomotives industry along with revised market numbers due to the effects of the coronavirus and the expected electric locomotives market growth numbers for 2022-2031.
The global electric locomotive market is expected to grow from $1.47 billion in 2021 to $1.67 billion in 2022 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, affecting many markets across the globe. The electric locomotive market is expected to grow to $2.73 billion in 2026 at a CAGR of 13.2%.
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Electric Locomotives Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the electric locomotives market segments-
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
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