South Korea Electrical Rotating Generator Market to 2032
Overview
The South Korea Electrical Rotating Generator Market is expected to reach a 144.15 USD Million by 2032 and is projected to grow at a CAGR of 7.58% from 2025 to 2032.
Revenue, 2024 (USD Million)
95.31
Forecast, 2032 (USD Million)
144.15
CAGR, 2024 - 2032
7.58%
Report Coverage
South Korea
South Korea Electrical Rotating Generator Market 2018-2032 USD Million
South Korea Electrical Rotating Generator Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 95.31 USD Million
- Projected Market Size (2032): 144.15 USD Million
- CAGR (2025-2032): 7.58%
Key Findings of South Korea Electrical Rotating Generator Market
- The South Korea Electrical Rotating Generator Market was valued at 95.31 USD Million in 2024.
- The South Korea Electrical Rotating Generator Market is likely to grow at a CAGR of 7.58% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment New Installation in Installation Segment accounted for the largest share of the market with a revenue of 69.50 USD Million
- The fastest growing segment Less than 500 KW in Power Rating Segment grew Fastest with a CAGR of 8.40% during the forecast period from 2024 to 2032.
South Korea Electrical Rotating Generator Market Scope
South Korea Electrical Rotating Generator Market Segmentation & Scope
Locomotive Type
- Mixed
- Passenger Train
- Freight Train
Capacity
- DC
- AC
Form
- Hybrid-Electric Locomotive Model with Battery Energy Storage
- Power Packs Under the Locomotive
- Conventional Diesel-Electric Locomotive Engine
Power Rating
- More than 2000 KW
- 1000 KW-2000 KW
- 500 KW- 1000 KW
- Less than 500 KW
Mounting
- Double Bearing
- Single Bearing
Installation
- Retrofit
- New Installation
Function
- Others
- Axle Generators
- Auxiliary Generators
- Traction Generators
Type
- Induction Generators
- Permanent Excited Synchronous Generators (PMG)
- Electrically Excited Synchronous Generators
South Korea Electrical Rotating Generator Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 95.31 USD Million |
| Market Value in 2032 | 144.15 USD Million |
| CAGR (2025-2032) | 7.58% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Locomotive Type,Capacity,Form,Power Rating,Mounting,Installation,Function,Type |
Regional Insights:
-
Leading Market (2024-2032): South Korea, leading in terms of revenue 95.31 USD Million in 2024
- Key Country: South Korea, leading in terms of revenue with value of 95.31 USD Million in 2024.
Segments and Scope
-
South Korea Electrical Rotating Generator Market to 2032, By Locomotive Type
- Freight Train is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 59.89 USD Million in the year 2024.
- Freight Train is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 7.90 % in forecast period 2025-2032.
-
South Korea Electrical Rotating Generator Market to 2032, By Capacity
- AC is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 64.69 USD Million in the year 2024.
- AC is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 7.73 % in forecast period 2025-2032.
-
South Korea Electrical Rotating Generator Market to 2032, By Form
- Conventional Diesel-Electric Locomotive Engine is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 55.76 USD Million in the year 2024.
- Hybrid-Electric Locomotive Model with Battery Energy Storage is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 7.52 % in forecast period 2025-2032.
-
South Korea Electrical Rotating Generator Market to 2032, By Power Rating
- Less than 500 KW is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 38.97 USD Million in the year 2024.
- Less than 500 KW is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 8.40 % in forecast period 2025-2032.
-
South Korea Electrical Rotating Generator Market to 2032, By Mounting
- Single Bearing is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 63.94 USD Million in the year 2024.
- Single Bearing is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 8.03 % in forecast period 2025-2032.
-
South Korea Electrical Rotating Generator Market to 2032, By Installation
- New Installation is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 69.50 USD Million in the year 2024.
- New Installation is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 7.81 % in forecast period 2025-2032.
-
South Korea Electrical Rotating Generator Market to 2032, By Function
- Traction Generators is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 44.15 USD Million in the year 2024.
- Traction Generators is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 8.28 % in forecast period 2025-2032.
-
South Korea Electrical Rotating Generator Market to 2032, By Type
- Electrically Excited Synchronous Generators is the largest segment in South Korea Electrical Rotating Generator Market to 2032 with a revenue of 49.51 USD Million in the year 2024.
- Electrically Excited Synchronous Generators is the Fastest growing segment in South Korea Electrical Rotating Generator Market to 2032 with a Growth rate of 7.85 % in forecast period 2025-2032.
South Korea Electrical Rotating Generator Market Company Share Analysis
| Company Name |
|
||
| Alstom | |||
| ABB | |||
| Siemens Energy, | |||
| Toshiba Energy Systems & Solutions Corporation | |||
South Korea Electrical Rotating Generator Market Geographical Sales Distribution, 2018-2032 USD Million
South Korea Electrical Rotating Generator Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The South Korea Electrical Rotating Generator Market is segmented based on Segmentation Locomotive Type,Capacity,Form,Power Rating,Mounting,Installation,Function,Type.
South Korea Electrical Rotating Generator Market was valued at USD 95.31(Revenue in USD Million) in 2021.
South Korea Electrical Rotating Generator Market is projected to grow at a CAGR of 7.58% during the forecast period of 2024 to 2032.
The New Installation segment is expected to dominate the South Korea Electrical Rotating Generator Market, holding a largest market share of 69.50 USD Million in 2024
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South Korea Electrical Rotating Generator Market Scope
South Korea Electrical Rotating Generator Market Segmentation & Scope
Locomotive Type
- Mixed
- Passenger Train
- Freight Train
Capacity
- DC
- AC
Form
- Hybrid-Electric Locomotive Model with Battery Energy Storage
- Power Packs Under the Locomotive
- Conventional Diesel-Electric Locomotive Engine
Power Rating
- More than 2000 KW
- 1000 KW-2000 KW
- 500 KW- 1000 KW
- Less than 500 KW
Mounting
- Double Bearing
- Single Bearing
Installation
- Retrofit
- New Installation
Function
- Others
- Axle Generators
- Auxiliary Generators
- Traction Generators
Type
- Induction Generators
- Permanent Excited Synchronous Generators (PMG)
- Electrically Excited Synchronous Generators
Frequently Asked Questions
The South Korea Electrical Rotating Generator Market is segmented based on Segmentation Locomotive Type,Capacity,Form,Power Rating,Mounting,Installation,Function,Type.
South Korea Electrical Rotating Generator Market was valued at USD 95.31(Revenue in USD Million) in 2021.
South Korea Electrical Rotating Generator Market is projected to grow at a CAGR of 7.58% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Electrical Rotating Generator Market for final year is USD 144.15 (USD Million).
South Korea Electrical Rotating Generator Market Company Profiling
Frequently Asked Questions
The South Korea Electrical Rotating Generator Market is segmented based on Segmentation Locomotive Type,Capacity,Form,Power Rating,Mounting,Installation,Function,Type.
South Korea Electrical Rotating Generator Market was valued at USD 95.31(Revenue in USD Million) in 2021.
South Korea Electrical Rotating Generator Market is projected to grow at a CAGR of 7.58% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Electrical Rotating Generator Market for final year is USD 144.15 (USD Million).
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