Market Overview:
The global railway electrification systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for high-speed and common-speed railways across the globe. In addition, the growing adoption of advanced technologies in railway electrification systems is also contributing to the growth of this market. The contact lines system segment accounted for the largest share of the global railway electrification systems market in 2017. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030, owing to its advantages such as low installation and maintenance costs, easy upgradability, and compatibility with different types of trains. In terms of application, the high-speed rail segment accounted for the largest share of the global railway electrification systems market in 2017.
Product Definition:
A railway electrification system is a means of powering railway locomotives and rolling stock using electricity instead of diesel or other fuels.
Contact Lines System:
The global contact lines system, it's usage and growth factor in railway electrification systems market size was valued at USD 6.5 billion in 2015. The increasing demand for energy-efficient transportation systems is expected to drive the industry over the forecast period.
Traction Power Supply System:
Traction power supply system is a device used in railway electrification systems for the continuous supply of electricity to drive the traction motors. The primary function of this system is to provide electrical energy for propulsion and heating purposes to running rails, which are known as traction lines. This electric energy is produced by an electric generator connected to the main line at one end and a receiving unit at another end, which may be a house or building with an engine inside it.
Application Insights:
High-speed rail was the largest application segment in 2017 and is expected to maintain its lead over the forecast period. The segment accounted for more than half of the global revenue share in 2017. High-speed railways are designed to travel at speeds higher than conventional railways. They are also known as Shinkansen or bullet trains, referring to their original intention of connecting Japan with Europe through a route via China and Russia using only high-speed lines.
The common-speed rail application segment is expected to witness significant growth over the forecast period owing to increasing demand for electric traction systems on secondary routes where passenger traffic does not justify installation of high voltage overhead catenary system (OHCS). OHCS requires less maintenance as compared with thirdrail systems, which reduces operational costs resulting in lower prices offered bytrain tickets across various regions worldwide.
Regional Analysis:
Asia Pacific is expected to be the largest regional market over the forecast period. The growth of this region can be attributed to increasing electrification projects and rising investments in railways infrastructure across emerging economies, such as China and India. For instance, in 2015-2016, China electrified approximately 13000 km of its railway network including the introduction of 2550 kVAC500VDC power supply system on 16 new routes and 14 existing routes between 2010and 2016. Moreover, according to IEEFA (International Electrotechnical Federation), both China and India have planned a total investment worth USD X trillion for rail infrastructure till 2020 with an aim to improve transportation efficiency throughout their respective countries.
Growth Factors:
- Increasing demand for railway electrification systems from developing countries owing to the rise in population and economic growth.
- Proliferation of high-speed railways across the globe is expected to drive the market for railway electrification systems over the forecast period.
- Stringent government regulations pertaining to environment protection are likely to propel the demand for energy-efficient railway electrification systems over the next few years.
- Growing investments in rail infrastructure by public and private sector players is anticipated to boost market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Railway Electrification Systems Market Research Report
By Type
Contact Lines System, Traction Power Supply System, Others
By Application
High-speed Rail, Common-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
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Railway Electrification Systems Market Report Segments:
The global Railway Electrification Systems market is segmented on the basis of:
Types
Contact Lines System, Traction Power Supply System, 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
High-speed Rail, Common-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 Railway Electrification 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:
- Contact Lines System
- Traction Power Supply System
- Others
- By Application:
- High-speed Rail
- Common-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 Railway Electrification 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?
Railway electrification systems are a type of electric power transmission system used to provide electrical power to railway trains. They were first developed in the late 19th century and became widespread in the early 20th century. Today, most railway electrification is provided by overhead lines or third rail systems.
Some of the major companies in the railway electrification systems market are CREC, CRCC, Siemens, Alstom, Hitachi, Balfour Beatty, MEC, Toshiba, ABB, Wabtec, Schneider.
The railway electrification systems 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 Railway Electrification 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 Railway Electrification Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Railway Electrification 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 Railway Electrification 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 Railway Electrification Systems Market Size & Forecast, 2020-2028
4.5.1 Railway Electrification Systems Market Size and Y-o-Y Growth
4.5.2 Railway Electrification Systems 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 Contact Lines System
5.2.2 Traction Power Supply System
5.2.3 Others
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 High-speed Rail
6.2.2 Common-speed Rail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Railway Electrification 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 Railway Electrification 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 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 Contact Lines System
9.6.2 Traction Power Supply System
9.6.3 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 Market Size Forecast by Applications
9.10.1 High-speed Rail
9.10.2 Common-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 Contact Lines System
10.6.2 Traction Power Supply System
10.6.3 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 Market Size Forecast by Applications
10.10.1 High-speed Rail
10.10.2 Common-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 Contact Lines System
11.6.2 Traction Power Supply System
11.6.3 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 Market Size Forecast by Applications
11.10.1 High-speed Rail
11.10.2 Common-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 Contact Lines System
12.6.2 Traction Power Supply System
12.6.3 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 Market Size Forecast by Applications
12.10.1 High-speed Rail
12.10.2 Common-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 Contact Lines System
13.6.2 Traction Power Supply System
13.6.3 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) Market Size Forecast by Applications
13.10.1 High-speed Rail
13.10.2 Common-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 Railway Electrification Systems Market: Competitive Dashboard
14.2 Global Railway Electrification Systems 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
