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Railway Generators Market Size to be worth US$ 3,257.4 Million by the year 2033 | Future Market Insights, Inc.

Monday, March 20, 2023 10:00 AM
Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / March 20, 2023 / During the forecast period, the market for railway generators is anticipated to grow at a CAGR of 5% on average. By 2033, the market is projected to reach a market share of US$ 3,257.4 million, up from its current value of US$ 1,999.8 million.

  • Steady growth of the railway generator market is attributed to three major factors: The transformation of railway systems around the world. New railway systems set up in rural spaces for expanded connectivity, and sustainable & efficient energy-delivering generators.
  • The more connected world demands better and faster rail connectivity. The adoption of new and advanced generators helps trains with higher power delivery. This pushes the sales of EOG and battery-based generator cars.
  • The new locomotive systems integrating with the power delivery systems have fueled the higher adoption of advanced railway generators to produce electricity for AC coaches.
  • The lack of resources and funds to transform the whole railway system with the latest railway generator technology shrinks the market space globally.

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Key Points

  1. The US holds a market share of 19.4% in the global market, owing to the higher government investments in railways and transforming railway boundaries
  2. Germany holds the market share of 6% for the railway generators market attributed to its higher tourist footfall and new extensions.
  3. The developing railway infrastructure, and efficient generator technology along with the advent of new train routes in India and China thrive market growth. Both thrive at a CAGR of 6% and 5.5% respectively. India adopts the new HOG and EOG technology for higher sustainability and minimum fuel consumption.
  4. The freight wagon segment holds a market share of 62.9% in the global market due to the proliferation of logistical operations along with its easy integration with modern generators.

Competitive Landscape

The competitors focus on creating advanced generators with better power delivery along with the efficient consumption of resources. Companies also make these generators reliable so that they can work for long hours and have a higher shelf-life. Furthermore, the key players adopt the strategy of acquisition, merger, and other expansionist tricks to strengthen their supply chain.

Key players in the market include Jenoptik, Nidec Generator Corporation, General Electric (the U.S.), Sulzer Ltd, ENGIRO GMBH, and Bharat Heavy Electricals Limited, ABB (Switzerland), Ingeteam Traction Systems, VEM Group, Kirloskar Electric Compan, and Swiger Coil Systems.

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Recent Market Developments

  • Jenoptik systems along with its technological component have launched its new product of air-cooled alternators and integrated started generator (ISG) that is easy to integrate and provides low life-cycle-costs, and high energy-efficiency.
  • ABB has launched the high-performance WGX generator family that covers power from 1 to more than 3 kW while offering high efficiency of 96.9%.

Railway generators Market by Category

By Generator Type (AC Traction, DC Traction) By Power Rating (Less than 500 kW, Between 500 kW, 1000 kW, 1000 kW and 2000 kW, 2000 kW and Above) By Application (Passenger Cars, Freight Wagons) By Region (North America, Europe, East Asia, South Asia & Pacific, Middle East and Africa(MEA)).

Future Market Insights, Inc., Monday, March 20, 2023, Press release picture

Scope of the Report



Forecast Period

2023 to 2033

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value and Units for Volume

Key Regions Covered

North America, Latin America, Europe, Asia Pacific, Oceania, and Middle East and Africa(MEA)

Key Countries Covered

USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, and United Arab Emirates(UAE)

Key Segments Covered

Generator Type, Power Rating, Applications, and Region

Key Companies Profiled

Jenoptik (Germany), Nidec Generator Corporation (the USA), General Electric (the USA), Sulzer Ltd. (Switzerland), ENGIRO GMBH (Germany), and Bharat Heavy Electricals Limited (India) ABB (Switzerland), Ingeteam Traction Systems (the USA), VEM Group (Germany), Kirloskar Electric Company (India), Swiger Coil Systems (the USA)

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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Table of Content

1. Executive Summary | Railway Generators Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

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Railway Window Market Size : is estimated to be around US$ 426.1 Million in the present year 2023. The demand for railway windows is predicted to grow at a moderate CAGR of 4.4% during the forecast period.

Railway Radiator Market Demand : is projected to grow at a mediocre CAGR of 4.3%. The net worth railway radiator market is projected to increase from just US$ 5,757.20 million in 2023 to around US$ 882.7 million by 2033.

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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SOURCE: Future Market Insights, Inc.

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