Global Current Collector for Light Rail Train (LRT) Market Growth 2023-2029

Global Current Collector for Light Rail Train (LRT) Market Growth 2023-2029

Current collectors are used by trolleybuses, trams, light rail, electric locomotives or EMUs to carry electrical power from overhead lines or electrical third rails to the electrical equipment of the vehicles.

Light rail transit is a form of passenger urban rail transit characterized by a combination of tram and metro features. While its rolling stock is more similar to a traditional tram, it operates at a higher capacity and speed.

LPI (LP Information)' newest research report, the “Current Collector for Light Rail Train (LRT) Industry Forecast” looks at past sales and reviews total world Current Collector for Light Rail Train (LRT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Current Collector for Light Rail Train (LRT) sales for 2023 through 2029. With Current Collector for Light Rail Train (LRT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Current Collector for Light Rail Train (LRT) industry.

This Insight Report provides a comprehensive analysis of the global Current Collector for Light Rail Train (LRT) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Current Collector for Light Rail Train (LRT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Current Collector for Light Rail Train (LRT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Current Collector for Light Rail Train (LRT) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Current Collector for Light Rail Train (LRT).

The global Current Collector for Light Rail Train (LRT) market size is projected to grow from US$ 40 million in 2022 to US$ 53 million in 2029; it is expected to grow at a CAGR of 53 from 2023 to 2029.

Wabtec Corporation is one of the biggest global key manufacturers of current collector for light rail train (LRT), holds a share of over 30%, other key manufacturers include Sécheron, Schunk Group, and Mersen, etc. Europe is the largest market, occupied for about 40 percent, followed by North America. In terms of type, top-running type is the largest segment, with a share of about 60%, and in terms of application, the aboveground LRT segment holds a share of over 70 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Current Collector for Light Rail Train (LRT) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Top-Running
Bottom-Running
Side-Running

Segmentation by application
Aboveground LRT
Underground LRT

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Wabtec Corporation
Sécheron
Schunk Group
Mersen
Hall Industries
Hunan Zhongtong Electric

Key Questions Addressed in this Report

What is the 10-year outlook for the global Current Collector for Light Rail Train (LRT) market?

What factors are driving Current Collector for Light Rail Train (LRT) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Current Collector for Light Rail Train (LRT) market opportunities vary by end market size?

How does Current Collector for Light Rail Train (LRT) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.