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Overhead Catenary System Market by Catenary Wire, Train, Voltage, Component, Material, Track & Region - Global Forecast to 2025

Overhead Catenary System Market: Global Forecast until 2025

  • October 2018
  • 154 pages
  • ID: 5598594
In this report:
The voltage type segment of the overhead catenary wire market is expected to grow from an estimated ##,## miles in 2018 to a projected ##,## miles by 2025, at the highest CAGR of ##.##% during the forecast period.
The train type segment of the overhead catenary system market is expected to grow from an estimated ##,## miles in 2018 to a projected ##,## miles by 2025, at the highest CAGR of ##.##% during the forecast period.

Summary

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Rise in adoption of high-speed trains and expansion of electrified rail lines are likely to drive the overhead catenary system market.

The overhead catenary system market is projected to be ~$25.5B in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 9.09% during the forecast term, to attain a market size of ~$46.9B by 2025. The overhead catenary system market for electrified track length in operation is expected to grow at a compound annual growth rate (CAGR) of 6.55% during the forecast horizon, from an estimated market size of 232.6 thousand miles in 2018 to 326.7 thousand miles by 2025. The increase in the adoption of high-speed trains and expansion of electrified rail tracks would drive the increase of the overhead catenary system market. Nevertheless, the rise of the third rail system to electrify rail tracks for urban rail transit is inhibiting the increase of the overhead catenary system market.

The light rail segment is planned to be the biggest segment of the overhead catenary system market, by quantity.

The light rail segment is intended to be the biggest segment, by quantity, as it represents the total catenary wire used by light rail for the overhead catenary system market from 2018 to 2025. The growing focus of rail authorities of different countries on enhancing intercity rail transport, which is quick as well as energy efficient, is fostering the rise of the overhead catenary system market.

Asia-Pac is expected to account for the biggest market share, and MEA is forecasted to be the fastest growing area in the overhead catenary system market.

The Asia Pacific market for high-speed rail segment is expected to be the most important, by quantity, in the overhead catenary system market during the estimate period.Factors such as an exponential growth in the high-speed rail network in countries including China (CN), South Korea (KR), and Japan (JP) are attributed for being the biggest market for high-speed rail.

The main market players including Bombardier, Alstom, and CRRC rigorously engaged with the rail authorities to expand the infrastructure in the Asia Pacific area. The MEA area is forecasted to witness the quickest increase during the outlook period due to its upcoming rail projects and high increase prospects in the rail market.

Key players' distribution profiles:

The market research includes industry insights from different market experts ranging from component suppliers to Tier n1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category: Tier 1 - 45 %, Tier 2 - 35.0 percent, Tier 3 - 20.0 percent

• By Description: C-suite - 35.0 percent, D-suite - 25.0 percent, Others - 40.0 percent

• By Area: Asia Pacific (APAC) - 40.0 percent, North America (NA) - 30.0 percent, EU - 25.0 percent, and rest of the world - 5.0 percent

Segment Research

The document breaks down the overhead catenary system market and forecasts its size, by quantity, on the basis of area (North America continent, Asia Pacific (APAC), Europe (EU), MEA, and RoW), components (contact wire, droppers, insulators, cantilevers, connectors, clamps, and steady arms), train type (metro, light rail, and high-speed rail), voltage (high, medium, and low), material type, and catenary type (simple, stitched, and compound).

Why Purchasing This Study Can Help You:

The analysis offers business insights into the following parts:

• business entry: The market research offers comprehensive information related to area wise and country wise split of the overhead catenary system market and the top actors engaged in the sector.

• Market Development: The industry report offers complete information about emerging technologies, recent evolutions, and market investments in the overall overhead catenary system market.

• industry diversification: The study offers highlighted information on several technologies of the overall overhead catenary system market. The analysis examines the industries for different overhead catenary system technologies across distinct countries.

• opposing assessment: The market research affords an detailed assessment of strategies, services, and manufacturing competences of key players in the overhead catenary system market.

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