Market Overview:
The global electrical railway power supply systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for high-speed and common-speed railways across the globe. In addition, the growing adoption of traction energy storage systems (TESS) is also contributing to the growth of this market. The AC electrification systems segment is expected to hold the largest share of the global electrical railway power supply systems market in 2018. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030 due to its advantages such as low installation and maintenance costs, easy upgradability, and compatibility with renewable energy sources.
Product Definition:
An electrical railway power supply system is a system that provides electrical power to railway vehicles. The importance of electrical railway power supply systems is that they provide a reliable and efficient way to power trains.
AC Electrification Systems:
AC electricity is used in railway power supply systems to provide traction and passenger safety. AC supply systems are gaining importance over DC supply as they offer better efficiency, flexibility, and reliability. The increasing demand for AC powered equipment in railways has led to the growth of this market.
DC Electrification Systems:
DC Electrification systems are used in Electrical Railway Power Supply Systems to provide power supply for railway electrification. It is also known as traction current, trolley current or mainline current. DC electrification systems can be segmented into Low-voltage (LV) and High-voltage (HV) systems.
In low voltage system: The low voltage system works on the single phase AC supply; it provides power for train operation.
Application Insights:
The market is segmented into common-speed rail, high-speed rail and others. The other segment includes metro railways, interurban railways and light railway systems. The common- speed rail application segment accounted for the largest share in 2017 owing to the growing number of conventional electric railway power supply systems being deployed across various countries worldwide. This includes 750 VAC traction current system as well as pantographs for conventional passenger trains.
High-speed railways require a different type of equipment known as an AC electrification system which comprises power transformers along with pantographs designed specifically for high speeds over 300 km/h (186 mph). These types of equipment are manufactured using lightweight materials such as aluminum alloys to reduce their weight so that they can be mounted on speeding trains without causing any harm or damage to them due to excessive vibrations or accelerations caused by wind resistance during travel at extremely high speeds above 300 km/h (186 mph).
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period owing to increasing demand for electric traction power supply systems in countries, such as China and India. The growing adoption of electric traction power supply systems by various railroads across these countries is anticipated to drive the growth of this industry. Moreover, favorable government policies are also expected to boost product demand in this region. For instance, Indian Railways has planned electrification of all its unelectrified stations by 2019 and it has already electrified more than 13000 km outstation between 2014-15 and 2018-19. Such initiatives are projected to further fuel market growth over the next eight years.
Growth Factors:
- Increasing demand for electrical railway power supply systems from the transportation sector
- Growing investments in the development of smart railways and electrified railways networks
- Rising concerns over environmental pollution and climate change, which is driving the adoption of electric vehicles and public transport systems
- Proliferation of advanced digital technologies such as big data, cloud computing, and Internet of Things (IoT) that are enabling real-time monitoring and management of railway power supply systems
- Emergence of new players in the market with innovative products and services
Scope Of The Report
Report Attributes
Report Details
Report Title
Electrical Railway Power Supply Systems Market Research Report
By Type
AC Electrification Systems, DC Electrification Systems, Traction Energy Storage Systems (TESS), Transmission Systems
By Application
Common-Speed Rail, High-Speed Rail
By Companies
Siemens, Toshiba, CRECG, Alstom, Hitachi, British Steel, ABB, General Electric, Schneider, Wabtec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
135
Number of Tables & Figures
95
Customization Available
Yes, the report can be customized as per your need.
Global Electrical Railway Power Supply Systems Market Report Segments:
The global Electrical Railway Power Supply Systems market is segmented on the basis of:
Types
AC Electrification Systems, DC Electrification Systems, Traction Energy Storage Systems (TESS), Transmission Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Common-Speed Rail, High-Speed Rail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- Toshiba
- CRECG
- Alstom
- Hitachi
- British Steel
- ABB
- General Electric
- Schneider
- Wabtec
Highlights of The Electrical Railway Power Supply Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- AC Electrification Systems
- DC Electrification Systems
- Traction Energy Storage Systems (TESS)
- Transmission Systems
- By Application:
- Common-Speed Rail
- High-Speed Rail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electrical Railway Power Supply Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electrical railway power supply systems are used to provide electrical power to railway vehicles and stations. They use a variety of sources of electricity, including diesel generators, solar panels, or wind turbines.
Some of the key players operating in the electrical railway power supply systems market are Siemens, Toshiba, CRECG, Alstom, Hitachi, British Steel, ABB, General Electric, Schneider, Wabtec.
The electrical railway power supply systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electrical Railway Power Supply Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electrical Railway Power Supply Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electrical Railway Power Supply Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electrical Railway Power Supply Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electrical Railway Power Supply Systems Market Size & Forecast, 2018-2028
4.5.1 Electrical Railway Power Supply Systems Market Size and Y-o-Y Growth
4.5.2 Electrical Railway Power Supply Systems Market Absolute $ Opportunity
Chapter 5 Global Electrical Railway Power Supply Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electrical Railway Power Supply Systems Market Size Forecast by Type
5.2.1 AC Electrification Systems
5.2.2 DC Electrification Systems
5.2.3 Traction Energy Storage Systems (TESS)
5.2.4 Transmission Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electrical Railway Power Supply Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electrical Railway Power Supply Systems Market Size Forecast by Applications
6.2.1 Common-Speed Rail
6.2.2 High-Speed Rail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electrical Railway Power Supply Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electrical Railway Power Supply Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electrical Railway Power Supply Systems Analysis and Forecast
9.1 Introduction
9.2 North America Electrical Railway Power Supply Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electrical Railway Power Supply Systems Market Size Forecast by Type
9.6.1 AC Electrification Systems
9.6.2 DC Electrification Systems
9.6.3 Traction Energy Storage Systems (TESS)
9.6.4 Transmission Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electrical Railway Power Supply Systems Market Size Forecast by Applications
9.10.1 Common-Speed Rail
9.10.2 High-Speed Rail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electrical Railway Power Supply Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Electrical Railway Power Supply Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electrical Railway Power Supply Systems Market Size Forecast by Type
10.6.1 AC Electrification Systems
10.6.2 DC Electrification Systems
10.6.3 Traction Energy Storage Systems (TESS)
10.6.4 Transmission Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electrical Railway Power Supply Systems Market Size Forecast by Applications
10.10.1 Common-Speed Rail
10.10.2 High-Speed Rail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electrical Railway Power Supply Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electrical Railway Power Supply Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electrical Railway Power Supply Systems Market Size Forecast by Type
11.6.1 AC Electrification Systems
11.6.2 DC Electrification Systems
11.6.3 Traction Energy Storage Systems (TESS)
11.6.4 Transmission Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electrical Railway Power Supply Systems Market Size Forecast by Applications
11.10.1 Common-Speed Rail
11.10.2 High-Speed Rail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electrical Railway Power Supply Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Electrical Railway Power Supply Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electrical Railway Power Supply Systems Market Size Forecast by Type
12.6.1 AC Electrification Systems
12.6.2 DC Electrification Systems
12.6.3 Traction Energy Storage Systems (TESS)
12.6.4 Transmission Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electrical Railway Power Supply Systems Market Size Forecast by Applications
12.10.1 Common-Speed Rail
12.10.2 High-Speed Rail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electrical Railway Power Supply Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electrical Railway Power Supply Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electrical Railway Power Supply Systems Market Size Forecast by Type
13.6.1 AC Electrification Systems
13.6.2 DC Electrification Systems
13.6.3 Traction Energy Storage Systems (TESS)
13.6.4 Transmission Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electrical Railway Power Supply Systems Market Size Forecast by Applications
13.10.1 Common-Speed Rail
13.10.2 High-Speed Rail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electrical Railway Power Supply Systems Market: Competitive Dashboard
14.2 Global Electrical Railway Power Supply Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Toshiba
14.3.3 CRECG
14.3.4 Alstom
14.3.5 Hitachi
14.3.6 British Steel
14.3.7 ABB
14.3.8 General Electric
14.3.9 Schneider
14.3.10 Wabtec
