Lucintel Forecasts the Global Overhead Catenary System Market to Reach $36.6 billion by 2030
Lucintel Forecasts the Global Overhead Catenary System Market to Reach $36.6 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global overhead catenary system market looks promising with opportunities in the metro usage, light rail usage, and high speed rail usage markets. The global overhead catenary system market is expected to reach an estimated $36.6 billion by 2030 from $22.3 billion in 2024 at a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are rapid expansion of high-speed rail network generating the need for overhead lines, increasing need for energy-efficient rail transport, and more reliability and rising government programs supporting sustainable transportation.
A more than 150 – page report is developed to understand Trends, opportunity and forecast in overhead catenary system market to 2030 by voltage (low voltage overhead catenary system, medium voltage overhead catenary system, and high voltage overhead catenary system), train type (metro usage, light rail usage, and high speed rail usage), catenary type (simple catenary, stitched catenary, and compound catenary), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that high voltage overhead catenary system is expected to witness the highest growth over the forecast period as it is used in development of high-speed rail networks.
Within this market, high speed rail usage will remain the largest segment due to increasing attraction for quick and effective transit solutions.
Download sample by clicking on overhead catenary system market
APAC is expected to witness highest growth over the forecast period due to growing infrastructural development and rapid urbanization in the region.
CRRC, Alstom, Siemens, Bombardier, TE Connectivity, Wabtec, and ABB are the major suppliers in the overhead catenary system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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