Rising Demand for Autonomous Locomotive Engines to Drive Global Locomotive Market Growth at 7.7% CAGR

The global locomotive market, valued at USD 14.31 billion in 2021, is set to grow at a compound annual growth rate (CAGR) of 7.7% during the forecast period, according to a report by Emergen Research. The surge in the adoption of autonomous locomotive engines, combined with advancements in technology and the rising demand for electric locomotives, is propelling market growth.

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The development of advanced microprocessors, artificial intelligence (AI), and compact laser scanning systems has significantly enhanced the functionality of autonomous locomotives. These technologies are helping manufacturers innovate and deploy self-driving solutions for railways. For example, Alstom successfully tested its Obstacle Detection System (ODS) in April 2022 in the Netherlands, a system that detects obstructions up to 1,000 meters in various weather conditions. Similarly, mining company Rio Tinto operates a fleet of autonomous locomotives across its 1,700-kilometer railway network in Australia, moving iron ore around the clock with minimal human intervention.

In addition to automation, the transition toward environmentally friendly alternatives is bolstering demand for electric locomotives. Governments worldwide are enforcing stricter emissions regulations and promoting sustainable transportation solutions. Electric locomotives, which help reduce greenhouse gas emissions and improve air quality, are gaining traction. For instance, Alstom signed a contract in June 2022 to supply 20 Traxx DC3 electric locomotives to Italy-based GTS Rail.

Key Market Insights:

• Passenger Locomotives on the Rise: The demand for locomotives in passenger transportation is increasing. In February 2022, Alstom secured a deal to deliver up to 50 electric Traxx locomotives to Belgium’s SNCB for cross-border and domestic travel across Europe.
• Electro-Diesel Locomotives Gaining Momentum: Electro-diesel locomotives, which operate on both electricity and diesel, are in high demand due to their dual-power capabilities. In September 2020, Siemens received an order from Deutsche Bahn for up to 400 electro-diesel hybrid locomotives for cargo operations.
• Asia-Pacific Leads the Market: In 2021, the Asia-Pacific region held the largest share of the global locomotive market, driven by substantial investments in railway infrastructure in China, India, and Japan. China alone plans to invest nearly USD 154.88 billion in railway development over its current five-year plan.

Major Developments:

China introduced its first hydrogen-electric hybrid locomotive in 2021. Developed by CRRC Datong and State Power Investment Corporation, this locomotive reduces emissions by 80kg per 1,000 tonne-kilometers compared to traditional diesel engines. Plans are underway to deploy a fleet of these locomotives on the Jinzhou-Baiyinhua Railway, potentially cutting emissions by 96,000 tonnes annually.

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Key Players in the Market:

Leading companies in the locomotive market include Strukton, Alstom SA, Hitachi Ltd., Bombardier Inc., Bharat Heavy Electricals Limited, Brookville Equipment Corporation, CRRC Corporation Limited, Toshiba Corporation, Siemens AG, Mitsubishi Heavy Industries, Ltd., and Wabtec Corporation.

Market Segmentation:

The locomotive market is segmented based on technology, type, components, end-use, and regions. The key categories include:

• Technology: Gate Turn-Off (GTO) Thyristor, Insulated-Gate Bipolar Transistor (IGBT) Module, Silicon Carbide (SiC) Module
• Type: Diesel, Electric, Electro-Diesel
• Components: Rectifier, Alternator, Traction Motor, Inverter, Auxiliary Power Conversion Unit
• End-Use: Freight, Passenger
• Regions: North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Emergen Research’s report provides detailed insights into market trends, developments, and opportunities, helping stakeholders make informed decisions in the dynamic locomotive industry.