Global Overhead Catenary System Market 2018-2025 - Expansion of High-Speed Rail Network Generating the Need for Overhead Lines

DUBLIN, Oct. 23, 2018 /PRNewswire/ --

The "Overhead Catenary System Market by Catenary Wire (Simple, Stitched, Compound), Train (Metro, Light Rail, High-Speed Rail), Voltage, Component (Catenary Wire, Dropper, Insulator, Cantilever), Material, Track & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The overhead catenary system market is estimated to be USD 25.53 billion in 2018 and is projected to reach USD 46.94 billion by 2025, at a CAGR of 9.09% from 2018 to 2025.

The overhead catenary system market for electrified track length in operation is projected to grow at a CAGR of 6.55% during the forecast period, from an estimated market size of 232.6 thousand miles in 2018 to 326.7 thousand miles by 2025. The key growth factors for the market are the expansion of high-speed rail network and electrified rail tracks for urban rail transit.

The high voltage segment is estimated to hold the largest market share during the forecast period. The increasing development of high-speed rail transit in the Asia Pacific and European region is contributing to the growth of the overhead catenary system market. Also, the growing focus of urban planners to develop rail transport over other transportation mediums is majorly boosting the overhead catenary system market.

The overhead catenary system market has been segmented, on the basis of component, into contact wire, droppers, insulators, and cantilevers. The market for contact wire is expected to grow at a significant rate between 2018 and 2025, by volume. In terms of units, insulators are projected to register the largest market share by 2025 because of its usage in high numbers in the overhead catenary system.

The overhead catenary system market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific is the fastest growing market for the overhead catenary system. The exponential expansion of the electrified rail tracks in countries 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 this region. Moreover, the gradual rise in the adoption of urban rail and high-speed rail transit in the regional countries is contributing to the growth of the market. As a result, APAC holds a significant share of the overall overhead catenary system market.

The overhead catenary system is primarily used for energizing the trains. Thus, the growth of the rail industry would ultimately govern the growth of the overhead catenary system market.
Metros

Metros are primarily a part of the Mass Rapid Transit System (MRTS) and widely accepted across the globe as a transport channel. It is a more convenient, fast, comfortable, and an affordable mode of urban transport. It is known for its high capacity carriers and short travel duration, which are the key factors for the global implementation of the metro rail. Many metro projects are operating globally and successfully delivering transport services. In the developing countries, an increase in urbanization has led to the rise in the demand for transportation systems. This has led the governments to develop an infrastructure for MRTS. Thus, the development of MRTS would ultimately drive the growth of the overhead catenary system market.

Light Rail

Light rail comprises conventional intercity train fleet and trams that are presently being operated in many countries. The need for energy efficient transport has forced the urban planners to implement the electric operation of train fleet without affecting efficiency and reliability. Thus, the rail authorities of several countries have started expanding the electrification of rail tracks through overhead lines. This factor is contributing to the growth of the overhead catenary system market.

High-Speed Rail

The high-speed train operates at a high voltage power due to its high-velocity mobility. Supplying the high voltage power to the train overhead lines is the most suitable method of electrification with utmost safety and reliability. Thus, the anticipated growth of high-speed train lines across the world would lead to the growth of the catenary system market.

Critical questions the report answers:

Where will the urban rail transit developments take the overhead catenary system industry in the mid to long term?
How does hydrogen power pose a threat to the overhead catenary system in the coming years?

The increasing acceptance of the third rail system for urban rail transit is a major factor restraining the growth of the market. Third rail has been developed to overcome the disadvantages associated with the overhead catenary system to electrify the rail track. A third rail system is an additional rail that is placed in between or alongside the rails of a railway track. The additional rail, which is also called as conductor rail, is a cost-effective method of rapid transit system with a high traffic density. Unlike overhead catenary system, the third rail system does not require structures to carry wires and over-bridge for clearances.

The key players in the market include CRRC (China), Alstom (France), Siemens (Germany), Bombardier (Canada), NKT (Denmark), ABB (Switzerland), Strukton (The Netherlands), TE Connectivity (Switzerland), Wabtec (US), and Lamifil (Belgium). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Overhead Catenary System Market
4.2 Overhead Catenary System Market Share, By Country
4.3 Overhead Catenary System Market, By Catenary Type
4.4 Overhead Catenary System Market, By Train Type
4.5 Overhead Catenary System Market, By Voltage
4.6 Overhead Catenary System Market, By Component
4.7 Overhead Catenary System Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Expansion of High-Speed Rail Network Generating the Need for Overhead Lines
5.2.1.2 High Reliability and Safety of the Overhead Catenary System
5.2.1.3 Growing Need for Energy-Efficient Rail Transport
5.2.2 Restraints
5.2.2.1 High Capital Investment and Maintenance Costs of the Overhead Catenary System
5.2.2.2 Growth of Third Rail System in Urban Rail Transit
5.2.3 Opportunities
5.2.3.1 Expansion of Electrified Network for Rail Transport
5.2.4 Challenges
5.2.4.1 the Overhead Catenary System is Prone to High Wear and Fatigue Failure
5.2.4.2 Transmission Losses Associated With the Overhead Catenary System

6 Industry Trends
6.1 Pantograph
6.2 Third Rail

7 Overhead Catenary System Market, By Track Length

8 Overhead Catenary System Market, By Train Type
8.1 Introduction
8.2 Metro
8.3 Light Rail
8.4 High-Speed Rail

9 Overhead Catenary System Market, By Voltage Type
9.1 Introduction
9.2 Low Voltage Wire
9.3 Medium Voltage Wire
9.4 High Voltage Wire

10 Overhead Catenary System Market, By Component
10.1 Introduction
10.2 Catenary Wire
10.3 Contact Wire
10.4 Droppers
10.5 Insulator
10.6 Cantilever
10.7 Connectors
10.8 Clamps
10.9 Steady ARM

11 Overhead Catenary System Market, By Catenary Wire Type
11.1 Introduction
11.2 Simple Catenary Wire
11.3 Stitched Catenary Wire
11.4 Compound Catenary Wire

12 Overhead Catenary System Market, By Material
12.1 Introduction
12.2 Cadmium Copper (CU-CD)
12.3 Copper Tin (CU-SN)
12.4 Copper Magnesium (CU-MG)
12.5 Copper Silver (CU-AG)

13 Overhead Catenary System Market, By Region

14 Competitive Leadership
14.1 Overview
14.2 Market Ranking
14.3 Competitive Senario
14.3.1 New Product Developments
14.3.2 Expansions
14.3.3 Collaborations/Joint Ventures/Supply Contracts/Partnerships/AGreements
14.3.4 Mergers & Acquisitions

15 Company Profile
15.1 CRRC
15.2 Alstom
15.3 Siemens
15.4 Bombardier
15.5 NKT
15.6 ABB
15.7 StruKTon
15.8 TE Connectivity
15.9 Nexans
15.10 Wabtec
15.11 Lamifil
15.12 Pfisterer
15.13 Other Key Regional Players
15.13.1 Asia Pacific
15.13.1.1 LS Cable & System
15.13.1.2 Niigata Transys
15.13.2 Europe
15.13.2.1 Rhombergrail
15.13.2.2 Kruch
15.13.2.3 Steconfer
15.13.2.4 Galland
15.13.2.5 Charignon
15.13.2.6 Sarkuysan
15.13.2.7 Generale Costruzioni Ferroviarie S.P.A
15.13.2.8 Kummler+Matter
15.13.2.9 Balfour Beatty
15.13.2.10 Elcowire
15.13.2.11 Eland Cables
15.13.3 North America
15.13.3.1 Emspec
15.13.4 RoW
15.13.4.1 Alucast Iran

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