overhead catenary are used in the process to transmit the electrical energy to trains used in the course of transportation. Factors driving the overhead catenary market is rise in the adoption of high-speed trains among the individuals and users to lower the time consumption, In addition to this, development of electrified rail tracks is also results into high growth of overhead catenary market.
The "Global Overhead catenary Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the overhead catenary market with detailed market segmentation by component, type of train, type and geography. The report provides key statistics on the market status of the leading overhead catenary market players and offers key trends and opportunities in the market.
- Based on component, the global overhead catenary market market is segmented into droppers, cantilever, catenary wire, insulator, contact wire, and others.
- On the type of train, the market is segmented into high-speed rail, light-rail, and metro.
- On the basis of type, the market is segmented into compund catenary wire, switcvhed catenary wire, and simple catenary wire.
- Expansion of high-speed rail network generating the need for overhead lines.
- High reliability and safety of the overhead catenary system.
- Growing need for energy efficient rail transport.
- High capital investment and maintenance costs of the overhead catenary system.
- Growth of the third rail system in urban rail transit.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The overhead catenary market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the overhead catenary market in these regions.
IMPACT OF COVID-19 ON OVERHEAD CATENARY MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the overhead catenary market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Overhead catenary market market are anticipated to lucrative growth opportunities in the future with the rising demand for overhead catenary market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the overhead catenary market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bombardier Inc.
- ABB Ltd.
- TE Connectivity Ltd.
- Balfour Beatty plc
- Nexans S.A.
- Wabtec Corporation
- PFISTERER Holding AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.