Japan Electric Locomotives Market Outlook | Revenue, Trends, COVID-19 IMPACT, Analysis, Share, Size, Companies, Growth, Value, Forecast & Industry

Japan Electric Locomotives Market Synopsis

The Japan Electric Locomotives Market is estimated to reach US$ 3,814.8 million in terms of value by 2027 from US$ 2,326.6 million in 2019, growing at a CAGR of 5.8% during the forecast period 2020 -2027. Japan has one of the world???s most advanced railway networks which makes it an attractive destination for manufacturers and customers to invest in electric locomotives. The Japanese government has made significant investments in the development and upgrading of its rail infrastructure as part of its aim to reduce carbon emissions and improve public transportation services across the country. This has led to a rise in demand for modern high-speed electric locomotives with increased energy efficiency and reliability over traditional diesel engines that are more polluting.

Drivers of the Market

Government initiatives such as the ???Shinkansen Revolution Initiative??? along with other measures have been taken up by JR East, West Japan Railway Company (JR West), Central Japan Railway Company (JR Central) & Hokkaido Railway Company (JR Hokkaido)to promote the use of eco-friendly transport systems including hybrid/electric vehicles are expected to fuel growth prospects for electric locomotive market during 2020 ??? 2026 .In addition, increasing electrification projects coupled with stringent emission norms will further boost product sales over forthcoming years . Technological advancement such as remote monitoring system ,V2X communication technology etc., used into these machines provides better safety features along with improved performance efficiency which can also act as major driving factor towards capturing larger share throughout forecast period . However ,high cost associated with construction & maintenance may hinder growth rate slightly over projected timeline.

Challenges of the Market

High costs associated with construction &maintenance pose key challenges while fuelling demand for these products on a large scale basis although subsidies provided by government-backed agencies may support industry participants to partially mitigate the overall cost burden faced by them. Apart from this, poor charging infrastructure and limited availability of spare parts are some other factors expected to hinder market growth over the forecast period.

Key Players of the Market

Major players operating in globalmarketincludeGeneral Electric Corporation(GE Transportation); Bombardier Inc.; Alstom; Siemens AG; Mitsubishi Heavy Industries Ltd.; Kawasaki HeavyI ndustries; Hyundai Rotem Co., Ltd.; HitachiLimited; Nippon Sharyo Ltd.; Stadler RailGroupetc

Covid-19 Impact on the Market

The impact of Covid-19 on the Japan electric locomotives market has been significant. Major companies have reported a steep decline in sales due to decreased demand for freight and passenger travel as well as production halts caused by supply chain disruptions. In addition, delays in projects due to the pandemic have resulted in reduced procurement of new rolling stocks and other railway equipment required for electrification projects. The uncertainty surrounding when economic activity will return to normal levels has also prevented any major investments from taking place, leading to further stagnation of this market.

Key Highlights of the Report:

• Japan Electric Locomotives Market Outlook
• Market Size of Japan Electric Locomotives Market, 2020
• Forecast of Japan Electric Locomotives Market, 2027
• Historical Data and Forecast of Japan Electric Locomotives Revenues & Volume for the Period 2018 - 2027
• Japan Electric Locomotives Market Trend Evolution
• Japan Electric Locomotives Market Drivers and Challenges
• Japan Electric Locomotives Price Trends
• Japan Electric Locomotives Porter's Five Forces
• Japan Electric Locomotives Industry Life Cycle
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Energy Transfer for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Overhead Lines for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Third Rail for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By On-board Energy Storage for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Technology for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By IGBT Module for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By GTO Thyristor for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By SiC Module for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Traction Units for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By AC Traction Units for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By DC Traction Units for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Multi System Units for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Application for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Passenger Transport for the Period 2018 - 2027
• Historical Data and Forecast of Japan Electric Locomotives Market Revenues & Volume By Freight Transport for the Period 2018 - 2027
• Japan Electric Locomotives Import Export Trade Statistics
• Market Opportunity Assessment By Energy Transfer
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Traction Units
• Market Opportunity Assessment By Application
• Japan Electric Locomotives Top Companies Market Share
• Japan Electric Locomotives Competitive Benchmarking By Technical and Operational Parameters
• Japan Electric Locomotives Company Profiles
• Japan Electric Locomotives Key Strategic Recommendations