Global Overhead Catenary System Market to Reach $75.5 Billion by 2030
The global market for Overhead Catenary System estimated at US$42.6 Billion in the year 2023, is expected to reach US$75.5 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2023-2030. Low Voltage Overhead Catenary System, one of the segments analyzed in the report, is expected to record a 9% CAGR and reach US$21 Billion by the end of the analysis period. Growth in the Medium Voltage Overhead Catenary System segment is estimated at 9.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11.2 Billion, While China is Forecast to Grow at 12.6% CAGR
The Overhead Catenary System market in the U.S. is estimated at US$11.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.1 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 7.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11 Billion by the year 2030.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook