Train Wheel Magnetic Sensor Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Altpro, Argenia Railway Technologies Inc., Fersil, Frauscher Sensor Technology

Registering a CAGR of 7.3% over the forecast period, the market value of Train Wheel Magnetic Sensor is expected to reach US$ 7400 million in the year 2027.

Train Wheel Magnetic Sensor Market Overview

The Train Wheel Magnetic Sensor market is growing steadily due to its high efficiency, low maintenance, and wear-free capability. Furthermore, due to its lightweight, it is simple to deploy. It combines advanced microcontroller features with IR sensors and metal detectors to achieve the goals. The sensor is ideal for use in environments containing iron because it does not attract magnetic particles such as iron chips and dust.

The Train Wheel Magnetic Sensor market is divided into three sections: product type, application type, and geographic coverage. The product type is further subdivided into single and double-wheel sensors. The double wheel sensor dominates the global market due to its ability to detect metal mass in the wheel flange and generate electrical signals. The double wheel sensor detects directions, speeds, and axle counts. Fast trains, high-speed trains, and others are among the application types. When compared to other train types, the high-speed train segment accounts for a significant share of the global market.

Growing urbanization, the development of rail infrastructure, and the adoption of technologically advanced features in transportation systems, particularly in developing countries, have resulted in high demand for wheel sensors in high-speed trains. Railway lines are the most common users of Train Wheel Magnetic Sensors, resulting in high market revenue generation. Because of the encapsulated electronics, railway wheel sensors can withstand high shock and vibration loads. They are also extremely thin and simple to mount using standard flanges. The wheel sensor is easily integrated into the operation of typical DC electric switch machines; these factors are expected to drive demand for Train Wheel Magnetic Sensor during the forecast period. However, due to the high cost and temperature sensitivity, it is expected to stifle market growth. The expansion of rail networks in emerging economies such as India is expected to create growth opportunities for the market.

Who are the Major Players in the Train Wheel Magnetic Sensor Market?

The global Train Wheel Magnetic Sensor includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Altpro, Argenia Railway Technologies Inc., Fersil, Frauscher Sensor Technology, Pintsch Tiefenbach, Thales Group, Western-Cullen-Hayes Inc., Beijing Railtechcn Technology, Honeywell, Shenzhen Javs Technology, Senchuan, Siemens and others.

Industry News and Updates:

ALTPRO creates a new concept for using mobile robots to monitor dangerous sections of railway lines.

22 December, 2021— With the InspectRAIL project, ALTPRO is taking part in the RIMA Acceleration Programme. This is a novel idea for using autonomous mobile robots to monitor dangerous sections of railway lines. The robots are outfitted with a variety of sensors that scan the situation on the fly. This information is automatically transmitted to the Intelligent Control System (ICS), signalling system, traffic control centre, and maintenance facility. The robots will travel through hazardous areas along railway lines on steel cables stretched between catenary masts, and they will operate in all weather conditions.

Wheel Sensor Solutions at Their Finest: Dealing with Difficult Conditions in Spain | Frauscher

03.09.2021— In Spain, the Frauscher Wheel Sensor RSR123 is used in a variety of applications that demonstrate its versatility by providing solutions to meet the challenges that exist in various market segments. Installation of the RSR123 has benefited a variety of projects, including but not limited to high-speed lines with a top speed of 300km/h, urban transit applications such as the tram in Barcelona, three-rail projects such as the "Castellbisbal - Tarragona" line on the Mediterranean Corridor, and even hot box detection systems.

What are the major Applications, Types, and Regions for the Train Wheel Magnetic Sensor Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Passive Railway Wheel Sensor


• Active Railway Wheel Sensor

By Application, it is segmented into

• Rail Transport Line


• Urban Rail Transit

Train Wheel Magnetic Sensor Market Regional Analysis

Asia Pacific holds the largest share of the global Train Wheel Magnetic Sensor market and is expected to uphold its leading position in the coming years owing to the adoption of technologically advanced rail systems, the rapid development of rail infrastructure as well as the improving economic conditions of this region. Developing as well as developed economies such as China, India, Japan, and Korea have a major contribution to the growth of the Train Wheel Magnetic Sensor market owing to the rapid adoption and development of railway business in these countries. Also, several manufacturers are investing a high percentage in innovation and development of technologically advanced rail components and systems in order to enhance the safety and security measures of railways and commuters.

Furthermore, advances in high-speed trains, intelligent transportation systems, and new railway projects in various countries are opening up new markets for Train Wheel Magnetic Sensors in this region. Europe is also experiencing significant growth in the global market as a result of the rapid expansion of railway infrastructure. The growing preference for rail mode of transportation among commuters, as well as the rapid adoption of automation technologies in railways, is driving demand for Train Wheel Magnetic Sensors in this region.

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• Rest of the World
  
  
  
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The Train Wheel Magnetic Sensor 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 Train Wheel Magnetic Sensor 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 Train Wheel Magnetic Sensor Market report scope?

Scope of the Report covers Train Wheel Magnetic Sensor Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Train Wheel Magnetic Sensor Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Report Attributes	Report Details
Report Title	Train Wheel Magnetic Sensor Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Altpro, Argenia Railway Technologies Inc., Fersil, Frauscher Sensor Technology
Forecast Period 2022 to 2027 CAGR	CAGR of 7.3% over the forecast period (2022-2027)
By Type	Passive Railway Wheel Sensor Active Railway Wheel Sensor
By Application	Rail Transport Line Urban Rail Transit
By Companies	Altpro, Argenia Railway Technologies Inc., Fersil, Frauscher Sensor Technology, Pintsch Tiefenbach, Thales Group, Western-Cullen-Hayes Inc., Beijing Railtechcn Technology, Honeywell, Shenzhen Javs Technology, Senchuan, Siemens
Regions Covered	North America Europe Asia-Pacific Rest of the World
Countries Covered	US Canada Germany France UK Italy Spain Rest of Europe China Japan India Australia South Korea Rest of Asia-Pacific Middle East & Africa Latin America
Base Year	2022
Historical Year	2017 to 2021
Forecast Year	2022 to 2027
Number of Pages	159
Customization Available	Yes, the report can be customized as per your needs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Key Takeaways from this Train Wheel Magnetic Sensor Report

• Evaluate Train Wheel Magnetic Sensor market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Train Wheel Magnetic Sensor market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Train Wheel Magnetic Sensor Market is studied from 2017 - 2027.

What is the growth rate of the Train Wheel Magnetic Sensor Market?

The Train Wheel Magnetic Sensor Market is growing at a CAGR of 7.3% over the next 5 years.

Who are the key players in Train Wheel Magnetic Sensor Market?

Altpro, Argenia Railway Technologies Inc., Fersil, Frauscher Sensor Technology, Pintsch Tiefenbach, Thales Group, Western-Cullen-Hayes Inc., Beijing Railtechcn Technology, Honeywell, Shenzhen Javs Technology, Senchuan, Siemens

What regions does this Train Wheel Magnetic Sensor Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Train Wheel Magnetic Sensor Market?

Passive Railway Wheel Sensor, Active Railway Wheel Sensor

What are the major end-use applications of Train Wheel Magnetic Sensor Market?

Rail Transport Line, Urban Rail Transit

 

All our reports are custom-made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.