Global Railway Electrification Systems Market Growth (Status and Outlook) 2023-2029

Global Railway Electrification Systems Market Growth (Status and Outlook) 2023-2029

A railway electrification system supplies electric power to railway trains and trams without an on-board prime mover or local fuel supply. Electric railways use either electric locomotives (hauling passengers or freight in separate cars), electric multiple units (passenger cars with their own motors) or both. Electricity is typically generated in large and relatively efficient generating stations, transmitted to the railway network and distributed to the trains.
LPI (LP Information)' newest research report, the “Railway Electrification Systems Industry Forecast” looks at past sales and reviews total world Railway Electrification Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Railway Electrification Systems sales for 2023 through 2029. With Railway Electrification Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Railway Electrification Systems industry.
This Insight Report provides a comprehensive analysis of the global Railway Electrification Systems 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 Railway Electrification Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Railway Electrification Systems market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Railway Electrification Systems 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 Railway Electrification Systems.
The global Railway Electrification Systems market size is projected to grow from US$ 16630 million in 2022 to US$ 18400 million in 2029; it is expected to grow at a CAGR of 1.5% from 2023 to 2029.
China is the largest Railway Electrification Systems market with a market share of nearly 27%.Germany is the second largest market.
The contact lines system has the highest market share, accounting for nearly 70% of the market share.
CREC,CRCC,Siemens,Alstom and Hitachi are the main players in this market.
This report presents a comprehensive overview, market shares, and growth opportunities of Railway Electrification Systems market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Contact Lines System
Traction Power Supply System
Others
Segmentation by application
High-speed Rail
Common-speed Rail
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.
CREC
CRCC
Siemens
Alstom
Hitachi
Balfour Beatty
MEC
Toshiba
ABB
Wabtec
Schneider

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