Market Overview:
The global rail electrification market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electric trains for passenger and freight railway, city transportation, and high-speed rail applications. In terms of type, the DC system segment is expected to hold the largest share of the global rail electrification market during the forecast period. This can be attributed to its advantages such as low installation cost and easy maintenance as compared to AC systems.
Product Definition:
Rail Electrification is the process of powering a railway with electricity, usually from overhead lines. The electrification of railways allows trains to be powered by electricity from a central source, rather than relying on diesel or other forms of fuel. Rail electrification is an important step in improving the efficiency and sustainability of rail transportation systems.
DC System:
DC system is Direct Current System. It is a type of electric power supply system which produces constant voltage and current. DC systems are used in rail electrification projects to power the trains and other related equipment.
Railway electrification has been ongoing for more than a century, with different methods being implemented across the world.
AC System:
An AC system is a type of traction power supply used in electric railways or trams. It is also used in some rapid transit systems, streetcars, trolleybuses, and other types of railway vehicles to provide the extra power needed for operations during peak hours. The term usually refers to an electrical distribution network that uses the alternating current (AC) generated by locomotives or from a central station.
The growing demand for public transportation.
Application Insights:
Passenger and freight railway application dominated the global rail electrification market in 2017, accounting for a revenue share of over 60%. The segment is expected to retain its dominance over the forecast period owing to rising demand for passenger services from developing countries.
The high-speed rail segment is projected to witness significant growth during the forecast period. High-speed railways are designed with specific purposes in mind; they are built at very high speeds (above 300 km/h) and carry large amounts of cargo. They have different voltage requirements than standard railways since they operate at higher speeds; this has led to an increased focus on AC system across various regions around the world.
The city transportation application segment was valued over USD 1 billion in 2017 and is expected reach USD 6 billion by 2030, growing at a CAGR of XX% from 2018 to 2030.
Regional Analysis:
Europe dominated the global rail electrification market in 2016 and is expected to continue its dominance over the next eight years. The European Union’s Horizon 2020 Strategy aims to reduce GHG emissions by 40% by 2030, which is likely to boost the electrification of railways across Europe.
Asia Pacific region accounted for a major share in 2016 owing to increasing government spending on expanding railway infrastructure as part of China's 13th Five-Year Plan and India's 14th Finance Commission recommendation for funding new projects. In addition, rising disposable income levels are anticipated to fuel demand across emerging economies such as China and India over the forecast period.
Growth Factors:
- Increasing demand for rail electrification from developing countries owing to rise in population and rapid urbanization
- Government initiatives for development of public transportation systems across the globe
- Proliferation of high-speed railways and metros, which are majorly electrified
- Growing awareness about environment-friendly modes of transportation
- Technological advancements in the field of electric locomotives, rolling stock, and signaling systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Electrification Market Research Report
By Type
DC System, AC System
By Application
Passenger and Freight Railway, City Transportation, High-speed Rail
By Companies
CREC, CRCC, Siemens, Alstom, Hitachi, Balfour Beatty, MEC, Toshiba, ABB, Wabtec, Schneider
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Rail Electrification Market Report Segments:
The global Rail Electrification market is segmented on the basis of:
Types
DC System, AC System
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
Passenger and Freight Railway, City Transportation, 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:
- CREC
- CRCC
- Siemens
- Alstom
- Hitachi
- Balfour Beatty
- MEC
- Toshiba
- ABB
- Wabtec
- Schneider
Highlights of The Rail Electrification 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:
- DC System
- AC System
- By Application:
- Passenger and Freight Railway
- City Transportation
- 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 Rail Electrification 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Rail electrification is the conversion of a railway from steam or diesel locomotives to electric traction. Rail electrification has been implemented in many countries around the world, with varying degrees of success. The main benefits claimed for rail electrification are increased efficiency, reduced emissions, and reduced noise levels.
Some of the major companies in the rail electrification market are CREC, CRCC, Siemens, Alstom, Hitachi, Balfour Beatty, MEC, Toshiba, ABB, Wabtec, Schneider.
The rail electrification market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rail Electrification 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 Rail Electrification Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rail Electrification 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 Rail Electrification 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 Rail Electrification Market Size & Forecast, 2020-2028
4.5.1 Rail Electrification Market Size and Y-o-Y Growth
4.5.2 Rail Electrification Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 DC System
5.2.2 AC System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger and Freight Railway
6.2.2 City Transportation
6.2.3 High-speed Rail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Electrification 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 Rail Electrification 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 DC System
9.6.2 AC System
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 Market Size Forecast by Applications
9.10.1 Passenger and Freight Railway
9.10.2 City Transportation
9.10.3 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 DC System
10.6.2 AC System
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 Market Size Forecast by Applications
10.10.1 Passenger and Freight Railway
10.10.2 City Transportation
10.10.3 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 DC System
11.6.2 AC System
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 Market Size Forecast by Applications
11.10.1 Passenger and Freight Railway
11.10.2 City Transportation
11.10.3 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 DC System
12.6.2 AC System
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 Market Size Forecast by Applications
12.10.1 Passenger and Freight Railway
12.10.2 City Transportation
12.10.3 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 DC System
13.6.2 AC System
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) Market Size Forecast by Applications
13.10.1 Passenger and Freight Railway
13.10.2 City Transportation
13.10.3 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 Rail Electrification Market: Competitive Dashboard
14.2 Global Rail Electrification Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CREC
14.3.2 CRCC
14.3.3 Siemens
14.3.4 Alstom
14.3.5 Hitachi
14.3.6 Balfour Beatty
14.3.7 MEC
14.3.8 Toshiba
14.3.9 ABB
14.3.10 Wabtec
14.3.11 Schneider
