Although there is currently high global demand for emission-free, high-performance electric locomotive traction and awareness of environmentally friendly transport has continued to grow, the electrification of the rail network is increasing only slowly, with the exception of Asia. Electrification is expensive and is progressing slowly, particularly in Europe. To make matters worse, there are a large number of different requirements for locomotives in Europe, such as voltage systems, track gauges and safety systems. Nevertheless, there is also a high demand for electric locomotives in Europe. Requirements for technology and performance drive the modernization of the fleet.

The global market for new electric locomotives was at an all-time high of almost 6 billion euros in 2023 and will continue to grow dynamically over the next five years, according to SCI Verkehr's forecast in the study "Electric Locomotives - Global Market Trends 2024". The market study is the eighth edition of our study, which analyses the market for electric locomotives worldwide and provides in-depth insight into market volumes, installed bases, procurement projects and development trends.

In concrete terms, this market study includes:

• A regionally differentiated examination of the global market for electric locomotives including an in-depth analysis of important national markets
• A comprehensive analysis of current installed bases in terms of type, operational purpose, quantities and age distributions as well as future procurement potential
• An overview of the most important drivers behind the procurement, fleet development and refurbishment of electric locomotives in the individual regions
• Forecast of new procurement and after sales volumes of electric locomotives (in EUR) for each region until 2028
• Overview of important electric locomotive manufacturers including a brief description of their current range of products
• Brief description of the most important current and planned procurement projects of the respective market region