Global Overhead Catenary System Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of XX % during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Increase in the adoption of high-speed trains and growth of electrified rail tracks would drive the growth of the overhead catenary system market. But, the growth of the third rail system to electrify rail tracks for urban rail transit is inhibiting the growth of the overhead catenary system market. One of the main factors responsible to boost the growth of the market is the rapidly growth rate of high-speed rail network services. This is taking place in most of the regions to achieve faster means of transport. Apart from that, the increasing need for rail transport facilities that are both technologically advanced and energy-efficient are also boosting the growth of the global 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 global growth of the market in the years to come. Also the growth of the third rail system happening in urban rail transits, which is also another cause of concerns for players on an overhead catenary system market. The report provides detail evaluation of the key overhead catenary system market dynamics that are expected to impact the market in the future.
Based on train type, light rail segment is expected to be the largest segment of the overhead catenary system market. The increasing focus of rail authorities of several economies, on enhancing intercity rail transport, which is rapid as well as energy-efficient, is fostering the growth of the overhead catenary system market globally.
By catenary type, the simple catenary segment is projected to be the largest growing segment, by value as well as volume, of the overhead catenary system market during the forecast period. The development of a high number of proposed rail projects globally is likely to be electrified through the simple catenary system owing to which the segment is governing the growth of the overhead catenary system market.
Region-wise, the Asia Pacific is the fastest growing overhead catenary system market. The exponential growth of the electrified rail tracks in economies such as China, Japan, and India has led to the increase in demand for overhead lines for rail application which, in turn, has increased the growth of the overhead catenary system market in the APAC region. Moreover, the gradual increase in the adoption of urban rail and high-speed rail transit in the regional countries is contributing to the growth of the market.
A recent development in the overhead catenary system market: NKT A/S Company acquired ABB HV cables. The European Commission accepted and announced NKT Cables’ acquisition of ABB’s high-voltage cables business as complete. This acquisition is expected to be a strong move to cater to the demands of the rail industry and gain a strong foothold in the overhead catenary market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Overhead Catenary System Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Overhead Catenary System Market.
Scope of the Global Overhead Catenary System Market
Global Overhead Catenary System Market, By Train Type
• Light Rail
• High-speed Rail
Global Overhead Catenary System Market, By Voltage
Global Overhead Catenary System Market, By Catenary Type
• Simple Catenary
• Stitched Catenary
• Compound Catenary
Global Overhead Catenary System Market, By Component
• Contact Wire
• Steady Arm
Global Overhead Catenary System Market, By Material
Global Overhead Catenary System Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Overhead Catenary System Market
• TE Connectivity
• LS Cable & System
• Niigata Transys
• Balfour Beatty
• Eland Cables
• Alucast Iran
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