Dublin, Aug. 29, 2023 (GLOBE NEWSWIRE) -- The "Global Overhead Catenary System Market by Component (Cantilever, Catenary Wire, Contact Wire), Train Type (High-Speed Rail, Light Rail, Metro), Type - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Overhead Catenary System Market size was estimated at USD 25.91 billion in 2022, USD 28.57 billion in 2023, growing at a CAGR of 10.72% to reach USD 58.54 billion by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Market Segmentation & Coverage:
- Based on Component, the market is studied across Cantilever, Catenary Wire, Contact Wire, Droppers, and Insulator. The Droppers is projected to witness significant market share during forecast period.
- Based on Train Type, the market is studied across High-Speed Rail, Light Rail, and Metro. The High-Speed Rail is projected to witness significant market share during forecast period.
- Based on Type, the market is studied across Compound Catenary Wire, Simple Catenary Wire, and Stitched Catenary Wire. The Simple Catenary Wire is projected to witness significant market share during forecast period.
- Europe, Middle East & Africa is projected to witness significant market share during forecast period.
Market Dynamics
Drivers
- Development of high-speed rail network
- Adoption over reliability and safety of OCS
- Need for energy-efficient rail transport
Restraints
- High capital requirement for deployment and maintenance
Opportunities
- Expanding rail transport network
Challenges
- High wear and transmission losses
Companies Mentioned
- ABB Ltd.
- Alstom
- Alucast Iran Co.
- EMSPEC
- Lamifil nv
- MAC Products, Inc.
- PFISTERER Holding AG
- Siemens Mobility
- SUGREMIN SA
- TE Connectivity
- Wabtec Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 188 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $28.57 Billion |
| Forecasted Market Value (USD) by 2030 | $58.54 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/tys46e
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