Global Railway Power Supply System Market: Overview
Global railway power system market is going through momentous changes, which is compelling market to grow at a healthy rate. Increasing demand for modern railway infrastructure is a critical driver for the industry. A third rail system is used to provide electric power to a railway or train, over a semi-continuous rigid conductor positioned alongside or amid the rails of a railway track. The system is used in a mass transit or rapid transit system. An overhead line aimed at the standard of one or more overhead wires (or rails, tunnels) located over rail tracks, elevated to a high electrical potential by joining to feeder stations at regular intervals. The feeder stations typically fed from a high-voltage electrical grid.
Rising preference for public transportation, as there is a limitation of transport infrastructure in developing as well as developed economies have fueled the development for existing and new rail lines. Growing population, along with increasing traffic in urban areas have boosted the demand for ecofriendly transit options, simultaneously rising need for power supply systems from the railway industry. Supportive government policies regarding the railway industry are offering manufacturers to add more products to the portfolio.
Technological innovations have given pace to the industry as it helps to meet the requirements. Rapid growth of railway lines is accelerating the demand of power supply system. Developing railway infrastructure and emerging technology is helping to reduce the traffic and meet the public requirements.
Supportive government regulations
Rail transport has always evaluated as an environment-friendly transportation system which solves energy resources shortage, environmental pollution, and chronic traffic congestion problems across developing countries. To reduce the consumption of fuel and dependence on petroleum, many governments have made policies regarding the power supply systems which are in favor of industry. To provide the secured transportation government is focusing on to introduce more efficient supply systems.
High Capital Cost
Electrification includes a complete new groundwork to be constructed around the existing tracks at a substantial cost. Costs are particularly high when, bridges, tunnels, and other obstructions transformed for authorization.
Global Rail Power Supply System Market: Type analysis
Based on type, the railway power supply system market segmented into Third Rail System, Fourth Rail System, Overhead Line (Catenary) and others. The overhead line has exposed the highest market growth over the forecast period as compared to other segments. On account of the increasing demand for capacity and improve efficiency network with rapid transit service. With additional features such as more capacity, no risk of breaking off and easy to operate are the drivers that are offering rapid growth to the catenary segment.
Global rail power supply system market: application insights
Based on application, the market bifurcated into Ordinary Train, Bullet Train, Metro, and Others. Ordinary rail segment has dominated the market during the forecast period owing to the capacity and broad network connectivity. Growing infrastructure and low-cost maintenance are favoring the industry to propagate rapidly. Bullet train segment is also showing rapid growth due to electrification systems which provide higher speed and haulage capacity. It will also help to reduce fuel bills.
Global Rail Power Supply System Market: Region analysisGeologically, the global railway power supply system market analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe region captures the high demand over the forecast period. Increasing concerns regarding the environment, to reduce greenhouse emissions, better air quality leads to the acquisition of the highest growth rate. This is followed by Asia-pacific regions due to supporting government policies, increase in fuel bills, and modernization of infrastructure.
Objective of the Study:
• To analyze and forecast market size of the global railway power supply system market in terms of value.
• To examine the careful market segmentation and forecast the market size, in terms value, on the basis of the region by segmenting railway power supply system market into five regions, namely, North America, Europe, Asia Pacific, Middle East, and their leading countries.
• To outline, categorized and forecast the global market on the basis of the type and Application.
• To examine competitive developments like technological advancement, services, and regulative framework within the global railway power supply system market.
• To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
• To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
TranzCom, Camlin Rail, PCS Power Converter Solutions, Power Control Systems SRL, Eaton Corporation PLC, ABB group, TGOOD global Ltd, Schneider Electric, Hitachi, Toshiba, Pandrol are the key players in the industry.
Scope of the Report
• Third Rail System,
• Fourth Rail System,
• Overhead Line (Catenary)
• Ordinary Train
• Bullet Train
In addition, the report provides analysis of the Global rail power supply system market with respect to the following geographic segments:
· North America
· Asia Pacific (APAC)
Questions answer by the report
• How will the market drivers, restraints and opportunities affect the market dynamics?
• What will be the market size in terms of value and volume and market statistics with detailed classification
• Which segment dominates the market or region and one will be the fastest growing and why?
• A comprehensive survey of the competitive landscape and the market participant players
• Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority and that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
• With five additional company detail analysis
• Additional country analysis
• Detailed segment analysis
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4. Breakdown of Primary Research Respondents, By Industry Participants
2.5. Market Size Estimation
2.6. Assumption for the Study
2.7. Market Breakdown & Data Triangulation
3. Executive Summary
4. Global Railway Power Supply System Market - Industry Insights
4.1. Industry Impact and Forces
4.1.1. Growth Drivers
4.2. Competitor Analysis, 2018
4.2.1. Company Shares
4.3. Industry Value Chain Analysis
4.4. Porter Five Forces
4.5. Regulatory Framework
4.6. Technological Landscape
5. Global Railway Power Supply System Market Overview
5.1. Market Size & Forecast
5.1.1. By Value (USD Million)
5.1.2. By Volume (Million Units)
5.2. Market Share & Forecast
5.2.1. By Type
188.8.131.52. Third Rail System
184.108.40.206. Fourth Rail System
220.127.116.11. Overhead Line (Catenary)
5.2.2. By Application
18.104.22.168. Ordinary Train
22.214.171.124. Bullet Train
5.2.3. By Region
126.96.36.199. North America
188.8.131.52. Asia Pacific
184.108.40.206. Middle East and Africa
220.127.116.11. Latin America
6. North America Railway Power Supply System Market
6.1. Key Regional Trends
6.2. Market estimates & forecast
6.2.1. By Type
6.2.2. By Application
6.2.3. By Country
7. Europe RAILWAY POWER SUPPLY SYSTEM MARKET Market
7.1. Key Regional Trends
7.2. Market estimates & forecast
7.2.1. By Type
7.2.2. By Application
7.2.3. By Country
18.104.22.168. Rest of Europe
8. APAC Railway Power Supply System Market
8.1. Key Regional Trends
8.2. Market estimates & forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By Country
22.214.171.124. Rest of APAC
9. Latin America Railway Power Supply System Market
9.1. Key Regional Trends
9.2. Market estimates & forecast
9.2.1. By Type
9.2.2. By Application
9.2.3. By Country
126.96.36.199. Rest of Latin America
10. Company Profiles *
10.1.1. Company Overview
10.1.2. Financial Matrix
10.1.3. Key Product landscape
10.1.4. Key Personnel
10.1.5. Key Competitors
10.1.7. Contact Address
10.1.8. Strategic Outlook
10.2. Camlin Rail
10.3. PCS Power Converter Solutions
10.4. Power Control Systems SRL
10.5. Eaton corporation PLC
10.6. ABB group
10.7. TGOOD global Ltd
10.8. Schneider Electric
10.12. Other Prominent Players
11. Strategic Recommendation
*Financial Details Not Be Captured in Case of Unlisted Companies
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable