Market Overview:
Medium voltage railway wiring harnesses are used to connect different electrical components in a railway system. These harnesses are available in different types such as power cables, transmission cables, jumper cables, and others. The global medium voltage railway wiring harness market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth of this market is mainly attributed to the increasing demand for medium voltage railway wiring harnesses from the OEM and aftermarket segments. Additionally, the growing adoption of advanced technologies in railways is also propelling the growth of this market.
Product Definition:
A medium voltage railway wiring harness is a device that is used to connect electrical components together in a system. The importance of this type of wiring harness is that it can handle the high voltage needs of a railway system.
Power Cable:
Power cable is a flexible insulated electrical cord, which is used for the transmission of electrical power from one point to another. It consists of three wires; two heavier wires (red and black) and a thinner wire (green). The thicker wire represents the live part, while red represents the hot end and black represents the neutral end.
The green wire is usually connected to an equipment’s ground or returns power to source.
Transmission Cable:
In medium voltage railway wiring harness, transmission cable is used to transfer the electricity from one point to another. It is mainly made up of copper wire and has high tensile strength due to which it can sustain heavy load without getting damaged. The different types of cables include overhead transmission cable, underground transmission cable, and submarine communication cable.
Application Insights:
OEM application dominated the global medium voltage railway wiring harness market in 2017, accounting for over 60% of the revenue share. The OEMs are offering various options to their customers to meet their individual requirements. For instance, in 2016, FCA Italy S.p.A., a subsidiary of Fiat Chrysler Automobiles NV launched an online store where its customers could order customized vehicles with different options such as lighting systems and sound systems from among other components such as powertrain and body electronics among others.
Regional Analysis:
Asia Pacific medium voltage railway wiring harness market is expected to grow at the highest CAGR of XX% over the forecast period, owing to increasing electrification and traction infrastructure in countries such as India, China, Japan and South Korea. In addition, growing demand for electric multiple unit (EMU) trains in these countries is also anticipated to drive the regional market growth over the forecast period.
Europe was estimated as a revenue share of more than 25% in 2017 owing to high electrification rates coupled with supportive government funding programs for railways infrastructure development across European countries such as France and Spain among others are anticipated to drive this regional industry growth over the next eight years. Moreover, Germany has one of Europe’s largest markets for electric locomotives which will further fuel industry expansion opportunities during the forecast period.
Growth Factors:
- Increasing demand for medium voltage railway wiring harnesses from the transportation sector as a result of the growth in global trade and urbanization
- Rising investment in rail infrastructure by governments across the globe
- Proliferation of high-speed railways and metros, which is leading to an increase in demand for medium voltage railway wiring harnesses
- Growing adoption of advanced safety features in railway systems, which is resulting in an increase in the demand for medium voltage railway wiring harnesses
- Technological advancements that are making these products more reliable and efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Medium Voltage Railway Wiring Harness Market Research Report
By Type
Power Cable, Transmission Cable, Jumper Cable, Others
By Application
OEM, Aftermarket
By Companies
Hitachi, Prysmian, TE Connectivity, Leoni, Nexans
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Medium Voltage Railway Wiring Harness Market Report Segments:
The global Medium Voltage Railway Wiring Harness market is segmented on the basis of:
Types
Power Cable, Transmission Cable, Jumper Cable, Others
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
OEM, Aftermarket
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:
- Hitachi
- Prysmian
- TE Connectivity
- Leoni
- Nexans
Highlights of The Medium Voltage Railway Wiring Harness 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:
- Power Cable
- Transmission Cable
- Jumper Cable
- Others
- By Application:
- OEM
- Aftermarket
- 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 Medium Voltage Railway Wiring Harness 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?
A medium voltage railway wiring harness is a type of electrical wiring harness used on railways to connect locomotives, railcars, and other rolling stock. It consists of several insulated wires running between the locomotive or carriages and a central power supply.
Some of the key players operating in the medium voltage railway wiring harness market are Hitachi, Prysmian, TE Connectivity, Leoni, Nexans.
The medium voltage railway wiring harness market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Size & Forecast, 2018-2028
4.5.1 Medium Voltage Railway Wiring Harness Market Size and Y-o-Y Growth
4.5.2 Medium Voltage Railway Wiring Harness Market Absolute $ Opportunity
Chapter 5 Global Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Size Forecast by Type
5.2.1 Power Cable
5.2.2 Transmission Cable
5.2.3 Jumper Cable
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Analysis and Forecast
9.1 Introduction
9.2 North America Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Size Forecast by Type
9.6.1 Power Cable
9.6.2 Transmission Cable
9.6.3 Jumper Cable
9.6.4 Others
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 Medium Voltage Railway Wiring Harness Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
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 Medium Voltage Railway Wiring Harness Analysis and Forecast
10.1 Introduction
10.2 Europe Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Size Forecast by Type
10.6.1 Power Cable
10.6.2 Transmission Cable
10.6.3 Jumper Cable
10.6.4 Others
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 Medium Voltage Railway Wiring Harness Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
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 Medium Voltage Railway Wiring Harness Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Size Forecast by Type
11.6.1 Power Cable
11.6.2 Transmission Cable
11.6.3 Jumper Cable
11.6.4 Others
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 Medium Voltage Railway Wiring Harness Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
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 Medium Voltage Railway Wiring Harness Analysis and Forecast
12.1 Introduction
12.2 Latin America Medium Voltage Railway Wiring Harness 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 Medium Voltage Railway Wiring Harness Market Size Forecast by Type
12.6.1 Power Cable
12.6.2 Transmission Cable
12.6.3 Jumper Cable
12.6.4 Others
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 Medium Voltage Railway Wiring Harness Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
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) Medium Voltage Railway Wiring Harness Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medium Voltage Railway Wiring Harness 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) Medium Voltage Railway Wiring Harness Market Size Forecast by Type
13.6.1 Power Cable
13.6.2 Transmission Cable
13.6.3 Jumper Cable
13.6.4 Others
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) Medium Voltage Railway Wiring Harness Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
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 Medium Voltage Railway Wiring Harness Market: Competitive Dashboard
14.2 Global Medium Voltage Railway Wiring Harness Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hitachi
14.3.2 Prysmian
14.3.3 TE Connectivity
14.3.4 Leoni
14.3.5 Nexans
