Overhead catenary system market: Overview
The global market for overhead catenary is anticipated to expand at astonishing rates owing to the quick expansion of rail network all around the world that demands the need for overhead lines. Overhead lines or overhead wires are used for transmitting electrical energy to the vehicles running on roads such as trams, trains or trolleybuses. The feeder stations of these catenary systems take electricity from nearest high voltage grid of electricity. Electric trains use devices like trolley pole, bow collector, or pantograph in order to collect current from overhead lines. These current collecting devices are conductive electrically and allows the passing through of current through tram or train and then back again through the steel wheels to the feeder station.
There are different variations to the global overhead catenary system market based on voltage, train type, catenary type, component, and material. On the basis of voltage, the market is segmented into medium, high, and low voltages. With respect to train type, the market is classified into high-speed rail, light rail, and metro. With regard to segmentation by catenary type, the global market is categorized into compound catenary, stitched catenary, and simple catenary. With respect to classification by component, the global market for overhead catenary systems is divided into steady arm, clamps, connectors, cantilevers, insulators, droppers, and contact wire. Based on categorization by material, the market is grouped into Cu-Sn, Cu-Mg, Cu-Ag, and Cu-Cd.
The report presented above is a complete evaluation of the global overhead catenary system market with major focus on market dynamics. It also includes the market drivers, restraints, and trends and opportunities. The above presented report also offers geographical and other segmentation of the market.
Overhead catenary system market: Trends and Opportunities
The market for overhead catenary systems is seen to be accelerated by a couple of factors. One of the main factors to boost the growth of the market is the rapidly expanding rate of high-speed rail network services. This is taking place in most of the regions so as to achieve faster means of transport. Apart from that the growing need for rail transport facilities that are both technologically advanced and energy efficient is also boosting the growth of the overhead catenary system market in the future years.
However, factors like the high investment of capital and their high maintenance costs of the overhead catenary systems may pose a threat to the overall growth of the market in the years to come. Adding to that is the growth of the third rail system happening in urban rail transits which is also another cause of concerns for players on this market.
Nevertheless, the faster expansion of rail network transport systems all around the world is expected to accelerate the market during the forecast period.
Overhead catenary system market: Regional Analysis
The global overhead catenary system market is geographically categorized into the regions of Asia Pacific, Europe, Middle East and Africa, and North America. Out of these the rail authorities are developing high-speed projects for trains soon after its launch in the rail market. Major developing nations are emphasizing more on the expansion of their rail networks in order to outreach every corner of their country. Europe, Asia Pacific, and Middle East and Africa have recently launched their new rail projects and by the end of the forecast period it is estimated to generate huge revenues with each region giving tough competition to the other.
Overhead catenary system market: Companies Mentioned
Major players of the global overhead catenary system market are TE Connectivity, Bombardier, Pfisterer, Siemens, and Nexans.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.