Packaging / Railway Overhead Catenary System (OCS) Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Siemens Limited, Engie Ineo Ltd, Cobra Pvt Ltd, Alstom, Tianjin Keyvia Electric Co. Ltd
Railway Overhead Catenary System (OCS) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Siemens Limited, Engie Ineo ltd, cobra pvt ltd, Alstom, tianjin keyvia electric co. ltd
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Railway Overhead Catenary System (OCS) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.3% during the review period (2022 to 2027).
Railway Overhead Catenary System (OCS) Market Overview
The overhead catenary system acts as the contact line technique for the transmission of electrical power to the trains. It is also called overhead lines equipment, overhead contact system, and overhead wiring in the rail industry. Thus, the combination of pantograph and catenary system is responsible for transferring electrical power to the train for its operation at varying speeds. The major characteristics of the system are its reliability and safety for the transmission of power supply. The overhead catenary system market is expanding with the development of the railway industry globally. Urban railway transit such as metro and trams have emerged as reliable modes of city transport. Many urban railway projects are currently in the pipeline and are due for completion in the coming years. Several major railway companies are working on the enhancement of the power transmission technology across the globe. The respective rail authorities of the countries have implemented the use of the overhead catenary systems for the operation of the metro rail transit. The economic slowdown currently being observed across the globe has had an impact on the railway overhead catenary system market but there is relative optimism about the future growth of the market.
Recent Developments:
2021: Dogus Construction Group chose Nexans to supply low and medium voltage Alsecure cables for Istanbul’s new Metro line to establish an additional 20 km of railway to serve the city’s suburbs. Nexans supplied both low and medium voltage Alsecure cables for the USD 641.2 million project commissioned by the Istanbul Metropolitan Municipality (IMM).
2018: Alstom to supply 5 additional Citadis trams to Bordeaux Metropole for a total amount of approximately USD 17.3 million. This order comes in addition to a tranche of 25 trams currently being manufactured on Alstom's site in La Rochelle. With this development, the company may cater to the growing demand for the overhead catenary system for the railway industry.
Who are the Major Players in Railway Overhead Catenary System (OCS) Market?
The Railway Overhead Catenary System (OCS) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes CREC, CRCC, Siemens, Engie Ineo, Cobra, Alstom, Tianjin Keyvia, Colas Rail, Kummler+Matter, Furrer+Frey AG, GCF, Sanwa Tekki, Salcef Group S.p.A, Bonomi, EMSPEC and others.
What are the major Applications, Types and Regions for Railway Overhead Catenary System (OCS) Market?
Railway Overhead Catenary System (OCS) Market is segmented based on the type, applications, companies and regions.
By Product Type, it is segmented into
Flexible
Rigid
By Application it is segmented into
Passenger & Freight Railway
High Speed Railway
City Transportation
Others
Railway Overhead Catenary System (OCS) Market Regional Analysis
Several countries of Europe, Asia Pacific, and the Middle East have introduced high-speed rail projects to encourage mass rapid transit. The rail authorities of countries have developed high-speed train projects just after its introduction in the rail industry. The development of rail infrastructure indirectly fosters the growth of the overhead catenary system market. The acceptance of high-speed trains is anticipated to rise in the near future due to the prospects of economic growth created by the development of high-speed rails. As the high-speed rail is operated purely with electric propulsion, the Railway Overhead Catenary System (OCS) market is anticipated to grow in the coming years.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Railway Overhead Catenary System (OCS) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Railway Overhead Catenary System (OCS) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Railway Overhead Catenary System (OCS) Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 6.3% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Railway Overhead Catenary System (OCS) Market is studied from 2017 - 2027.
What is the growth rate of Railway Overhead Catenary System (OCS) Market?
The Railway Overhead Catenary System (OCS) Market is growing at a CAGR of 6.3% over the next 5 years.
Who are the key players in Railway Overhead Catenary System (OCS) Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
