Railway Generators Market Size, Share, and COVID-19 Impact Analysis, By Generator Type (AC Traction and DC Traction), By Train Type (Passenger Trains and Freight Trains), and Regional Forecast, 2024-2032

Generators in railways play a crucial role in the operation of the trains. A train is deemed one of the most comfortable forms of journey and one of the most economical ways of transportation. The expansion of urban areas and the need for efficient transportation systems, including railways, can drive the demand for railway generators to power trains and related infrastructure.

Railway transport plays an essential role in any country's economic growth. Many countries are investing in electrifying their railway networks to reduce emissions and improve efficiency. While electrified systems are the primary power source, onboard generators can serve as backup or supplementary power sources, especially in regions with challenging terrain or gaps in electrification.

The trend toward environmentally friendly transportation has led to the development of hybrid and battery-electric trains. These trains often require onboard generators to recharge batteries or provide additional power when necessary. This leads to the sales of EOG (End on Generation) and HOG (Head on Generation) based generators, which are much more energy efficient than traditional self-generating locomotives. Advancements in generator technology can lead to more efficient and reliable power generation for trains, contributing to improved performance and reduced operational costs. Additionally, the government's optimism and investment in railway infrastructure pave a favorable route for the railway generator market.

Impact of COVID-19 on the Railway Generators Market

The growth of the railway generators market is positively correlated with the rising demand for overall railways as a means of transportation. The pandemic cropped multiple issues worldwide due to supply chain bottlenecks and reduced industrial activities. The travel and transport market slowed down in fiscal years 2020 and 2021 as people entirely avoided leisure travel.

However, many governments worldwide announced plans for economic recovery and infrastructure development post-COVID-19. Investment in rail projects, including electrification and modernization, could drive demand for railway generators. Advancements in generator technology, such as improved efficiency, reduced emissions, and enhanced reliability, could drive interest in upgrading or retrofitting existing rail generators.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships


• Porter's Five Forces Analysis


• Technological Developments


• Impact of COVID-19 on the railway generators market

Analysis by Train Type

The train type is segmented into passenger trains and freight trains, where freight trains are anticipated to grow at a healthy CAGR as countries continuously increase their connectivity to transfer goods. There is an increasing development in cross-border transportation. The logistical operation of the industry is greatly preferred by rail transport due to its affordability. There is also an increased demand for cold storage wagons, creating a high demand for railway generators.

Analysis by Generator Type

The generator type is segmented into AC traction and DC traction. The AC traction generator type is anticipated to lead the market due to its several advantages, including quick availability, ease to step up or down, easy control of AC motors, and the presence of light overhead catenaries that transfer low currents at high voltage. The reduced weight and lower capital cost of electrification make AC traction a favorable option. The DC traction system commands large, heavy overhead wire, and voltage decreases as length increases.

Regional Analysis

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Asia Pacific is predicted to dominate the railway generator market over the coming years. India and China have invested heavily in railways infrastructure to make transportation more economical and reliable. The continuous efforts by emerging countries to replace their traditional self-power generating generators with EOG and HOG technology for efficient power generation and lighter proportions are also driving the generator market. The rapid development of new routes to connect central bodies with rural areas will also boost the generator market. Asia Pacific's growth is optimistic as Japan, China, and India are investing heavily to expand their railway infrastructure by introducing super-fast rails, bullet trains, and metro for greater convenience for its commuters, resulting in a proliferation in the railway generators market. Increasing regulations and stricter environmental norms continuously push organizations to adopt fuel-efficient alternatives.

Key Players Covered

The report includes the profiles of key players such as Jenoptik, Nidec Generator Corporation, General Electric, Sulzer Ltd, Engiro GmbH, Bharat Heavy Electrical Limited, ABB, Ingeteam Traction Systems, VEM Group, Kirloskar Electric Company, and Swiger Coil Systems.

Segmentation

Key Industry Developments

• March 2022 – Indian Railways planned to expand the deployment of 'HOG' technology in order to reduce diesel consumption and minimize environmental impact on an increased number of operating trains.


• February 2021 – Jenoptik Systems, along with its technological component, 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.