Electrical Rotating Generator for Locomotive Market Report 2026

The electrical rotating generator for locomotive market size has grown steadily in recent years. It will grow from $3.36 billion in 2025 to $3.52 billion in 2026 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to rail network expansion, diesel-electric locomotive dominance, freight rail demand, generator reliability needs, early electrification projects.

The electrical rotating generator for locomotive market size is expected to see steady growth in the next few years. It will grow to $4.17 billion in 2030 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to rail decarbonization targets, hybrid locomotive adoption, smart rail systems, energy efficiency mandates, public transport investments. Major trends in the forecast period include modernization of rail electrification systems, adoption of hybrid locomotive platforms, demand for high-efficiency generators, integration of energy storage systems, growth of retrofit installations.

The rising investments in high-speed rail projects are expected to propel the growth of the electrical rotating generator for locomotive market going forward. Such investments are driven by increasing urbanization, congestion on existing transport networks, and demand for faster, more efficient intercity travel. Electrical rotating generators for locomotives are critical for improving energy efficiency and reducing environmental impact through advanced technology and enhanced operational capabilities. For instance, in November 2023, according to the Office of Rail and Road, a UK-based government department, $25.7 billion was allocated to the rail industry from April 2022 to March 2023, including $14.5 billion for operations and $8.4 billion for the HS2 project, with additional funds for infrastructure, miscellaneous support, and East West Rail. Therefore, rising investments in high-speed rail projects are driving growth in the electrical rotating generator for locomotive market.

Major companies in the electrical rotating generator for locomotive market are developing advanced products such as traction generators to improve efficiency, reduce emissions, and enhance overall locomotive performance. Traction generators are specialized electrical generators for locomotives and rail vehicles, converting mechanical energy from diesel engines or electric motors into electrical energy to power traction motors. For instance, in August 2023, TMH-Elektrotekh, a Russia-based company, launched two prototypes of the Type GTSN-3150 traction synchronous generator for the Class 3TE30G mainline freight locomotive. This generator offers higher power output than its predecessor (GTSN-2800) and powers both traction motors and auxiliary systems, including diesel engine startup.

In April 2024, Integrated Power Services LLC, a US-based privately held company specializing in power management systems and driven equipment solutions, acquired Swiger Coil Systems LLC for an undisclosed amount. With this acquisition, Integrated Power Services LLC intends to enhance its manufacturing capabilities, expand its service network, and reinforce its leadership in the electric coil and traction motor markets. Swiger Coil Systems LLC, a US-based manufacturer, produces high-quality coils that are crucial for the efficient operation of electrical rotating generators in locomotives.

Major companies operating in the electrical rotating generator for locomotive market report include Hitachi Ltd., Mitsubishi Electric Corporation, CRRC Corporation Limited, Siemens Energy, ABB Ltd., Toshiba Energy Systems & Solutions Corporation, Alstom SA, Wabtec Corporation, NIDEC CORPORATION, Fuji Electric Co. Ltd., Voith Group, Rolls-Royce Holdings plc, Hyundai Rotem, CAF, Škoda Group, Stadler Rail, Bharat Heavy Electricals Limited, TMH (Transmashholding), CNR Datong Electric Locomotive, Kawasaki Heavy Industries.

Europe was the largest region in the electrical rotating generator for locomotive market in 2025. The regions covered in the electrical rotating generator for locomotive market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electrical rotating generator for locomotive market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electrical rotating generator for locomotive market consists of sales of electric power generators, traction motors, communication systems, and control systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.