Asia to be a major contributor in overhead rail catenary systems market, latest report from Fact.MR

Railway Overhead Catenary Systems Market Share, Size, Analysis Report by Product, Application, Material

SEOUL, SOUTH KOREA, December 23, 2021 /EINPresswire.com/ – The overhead catenary system is an overhead wired system used to operate electric trains. It is used to supply electricity supplied by a transformer to trains equipped with a pantograph.

With the growing preference for the electrification of railways to replace conventional diesel engines over the past 10 to 15 years, there has been a significant demand for the market for rail overhead catenary systems.

The growing awareness of the environmental impact of diesel engines has led many countries to switch to electric motors like India which recently undertook electric train projects to build a local transport network in its major cities. Hence, it results in further growth of the overhead rail catenary systems market.

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Rail overhead catenary systems market: market segmentation

The rail overhead catenary systems market can be segmented on the basis of product types, applications and catenary wire materials.

By product, the overhead rail catenary market can be segmented as follows:

Simple catenary
Sewn catenary
Compound catenary
By Application, the overhead rail catenary market can be segmented as follows:

Metro
Light Rail
High speed railway
By Catenary Wire Material, the Railway Overhead Catenary Systems market can be segmented as follows:

Copper Magnesium
Copper Silver
Copper tin
Pure copper

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Important doubts related to the overhead rail catenary systems market clarified in the report:

Which regional market is expected to experience the highest growth during the forecast period?
How has the surge in commodity prices during the COVID-19 pandemic affected the growth of the keyword market?
Why do market players focus on R&D and innovations?
Are market players expanding their global presence? If yes, how ?
COVID19 to hamper parts availability, affecting production

The market manufacturing of overhead rail catenary systems is significant in China and European countries. With the emergence of the COVID-19 pandemic, European manufacturing units in the overhead rail catenary market are being hit hard and the supply chain has therefore been severed.

The main components required for the assembly of the OCS are hardly available, which in turn may slow the growth of the rail overhead catenary systems market with respect to the technology.

Losses incurred during the lockdown period due to the evident drop in demand for passenger trains may affect investment in electrification projects, further affecting the rail catenary market.

The Chinese manufacturing units are however still functional and have been working on new technologies for use in the overhead rail catenary systems market.

The regional analysis of the report includes:

North America
Europe
AEM
East Asia (Japan, China, South Korea)
South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
Oceania (Australia, New Zealand)
Latin America
Middle East and Africa (GCC countries, South Africa, Turkey, Iran, Israel)

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Mergers and acquisitions will be the key strategy for growth

The overhead rail catenary market appears to be an oligopolistic market with very few players. These competitors are engaged in manufacturing durable, relatively low maintenance and cost effective catenary systems with the use of high tech cables to gain a competitive advantage over their competitors in the overhead rail catenary systems market.

Considerable efforts have been made to complete mergers in order to stay ahead of competitors in the overhead rail catenary market.

The recent merger in the rail catenary market between Alstom and Bombardier and the takeover by NKT of ABB’s high-voltage cables are considered a major step in resisting competition from the Chinese giant CRRC, also resulting from a merger between CSR. Corp Ltd. And China CNR.

The main players in the overhead rail catenary market are Alstom, Siemens, NKT, CRRC, Pfisterer, LS Cable and System, TE Connectivity, Kummler Matter, Galland, Sarkuysan, Eland Cables and Lamifil.

The report covers a comprehensive analysis on:

Market segments
Market dynamics
Market size and demand
Current trends / issues / challenges
Competition & Companies involved
Technology
Value chain
Competitive landscape

Strategies of key players and Products offered
Potential and niche segments, promising growth geographic areas
A neutral perspective on market performance
Indispensable information for market players to maintain and improve their market footprint

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Highlights of the report

Elaborate scenario of the parent market
Transformations in market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest developments and industry trends
Competition landscape
Strategies adopted by market players and product developments carried out
Potential and niche segments, with their regional analysis
Impartial analysis of market performance
Up-to-date intelligence that is essential for market players in order to improve and maintain their competitiveness

Why choose Fact.MR?

Our analysts have exceptional knowledge of the latest market research techniques
We use the latest market research and analysis tools to organize market reports
High quality custom reports available according to customer requirements
Our team is made up of highly experienced and trained analysts
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COVID-19 analysis with credible information

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