Overhead Catenary System Market
Overhead Catenary System Market Forecasts to 2030 - Global Analysis By Type (Compound Catenary Wire, Simple Catenary Wire, Stitched Catenary Wire and Other Types), Train Type (Metro, Light Rail, High-speed Rail and Other Train Types), Voltage (Low Voltage, Medium Voltage and High Voltage), Component, Material and by Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $41.07 BN |
|
Projected Year Value (2030) |
US $85.75 BN |
|
CAGR (2023 - 2030) |
11.09% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Europe |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Overhead Catenary System Market is accounted for $41.07 billion in 2023 and is expected to reach $85.75 billion by 2030 growing at a CAGR of 11.09% during the forecast period. An essential part of electrified rail networks, the Overhead Catenary System (OCS) offers electric trains a dependable and effective way to receive power. A pantograph fixed on the train's roof receives electrical power from the OCS, which is made up of a network of wires called catenaries suspended above the tracks. Without onboard power sources like diesel engines, trains can run smoothly thanks to this configuration.
According to the International Energy Agency (IEA), the global transition to electrified transportation, supported by infrastructure such as Overhead Catenary Systems (OCS), is a key strategy for reducing carbon emissions and achieving sustainable mobility in the coming decades.
Market Dynamics:
Driver:
Growing the use of electrified vehicles
The worldwide transition to electrified transportation provides a major boost to the Overhead Catenary System (OCS) market. The environmental advantages of electric trains over their conventional diesel-powered counterparts are being acknowledged by governments and transportation authority’s more and more. Additionally, the increasing acceptance of OCS as an essential infrastructure element can be attributed to the electric trains' reduced carbon footprint and operational effectiveness.
Restraint:
Excessive initial capital outlay
The hefty initial capital expenditure needed for installation is one of the main obstacles preventing overhead catenary systems (OCS) from being widely used. The building of electrical infrastructure, support structures, and catenaries can come with high costs. Furthermore, some areas or railroad operators may be discouraged from embracing electrification by this financial barrier, especially in places where resources are limited.
Opportunity:
Developments in energy storage technologies
Novel prospects for the Overhead Catenary System market are presented by technological advancements in energy storage. By supplying backup power during grid outages or optimizing energy use, integration with energy storage devices, such as batteries or supercapacitors, can increase the efficiency and dependability of OCS. Moreover, intelligent and more durable electrified rail systems can result from partnerships between OCS suppliers and energy storage firms.
Threat:
Economic recessions and financial restraints
The OCS market may be threatened by budgetary constraints and economic downturns in different geographic areas. Financial constraints may force governments and transportation authorities to halt or postpone infrastructure projects, including electrification programs. Additionally, the willingness to invest in large-scale OCS installations can be impacted by uncertain economic conditions, which may result in project cancellations or delays.
Covid-19 Impact:
The market for Overhead Catenary Systems (OCS) has been significantly impacted by the COVID-19 pandemic. Temporary decreases in new installations and project delays have resulted from supply chain disruptions, construction activity restrictions, and the global economic slowdown. Lockdowns and travel restrictions have also had an impact on the demand for rail transportation, which has influenced the choice to invest in electrification projects. However, as governments prioritize green recovery strategies, the pandemic has highlighted the significance of robust and sustainable transportation systems, which may lead to a rise in interest in electrification initiatives after the pandemic.
The Simple Catenary Wire segment is expected to be the largest during the forecast period
The Simple Catenary Wire segment usually holds the largest share in the Overhead Catenary System (OCS) market. A single continuous wire that is suspended between supporting structures, such as poles or gantries, is used in a traditional overhead system known as simple catenary wire. The market is dominated by this segment because of its affordability and ease of use. Worldwide, simple catenary wire systems have been widely used to electrify railways and tramways, giving trains and tram a dependable power source. Furthermore, these systems are a popular option for many railway applications since they are comparatively simple to install and maintain.
The Contact Wire segment is expected to have the highest CAGR during the forecast period
In the Overhead Catenary System (OCS) market, the Contact Wire segment is projected to have the highest CAGR. In order to supply electricity to power trains or trams, contact wires are a crucial part of the OCS. Due to the rising number of electrified railway and tramway projects, contact wire demand is rising as global transportation electrification continues to grow. Moreover, the need for energy-efficient solutions, government initiatives supporting sustainable transportation, and the benefits of electric-powered trains, namely, lower operating costs and emissions, are what are propelling this market's expansion.
Region with largest share:
In the market, the European region holds the largest share. A sizable section of the region's well-established and vast railway network is already electrified. Due to significant investments made in electrifying their rail networks, nations such as Germany, France, and the United Kingdom have created a strong demand for OCS infrastructure. The need for dependable and efficient railway operations, strict emissions regulations, and a focus on sustainable transportation have all contributed to Europe's adoption of OCS technology. Furthermore, OCS demand has also been fueled by EU initiatives to support eco-friendly transportation and the incorporation of renewable energy sources into the rail industry.
Region with highest CAGR:
In the market, Asia Pacific is anticipated to have the highest CAGR. The main causes of this growth are the area's quick urbanization, population increase, and rising transportation infrastructure spending. With a focus on electrification, nations like China, India, Japan, and South Korea are making significant investments in the modernization and extension of their railway networks. Additionally, the need for OCS in the area is being driven by the transition to electric-powered trains and trams, which is being driven by environmental concerns and the need for energy-efficient transportation solutions.
Key players in the market
Some of the key players in Overhead Catenary System market include Wabtec Corporation, TE Connectivity Corporation, Bombardier Inc, ABB Ltd, Siemens AG, Lamifil NV, Kiepe Electric GmbH, Strukton, Alstom Holdings, MAC Products, Inc, Alucast Iran Co, Sugremin SA, NKT, Meidensha Corporation and Nexans.
Key Developments:
In November 2023, Siemens Mobility and ELL sign framework agreement for purchase of 200 Vectrons. European Locomotive Leasing Group (ELL), based in Vienna and Munich, and Siemens Mobility signed a framework agreement for the delivery of up to 200 further Vectron locomotives. Specifically, the locomotives will be provided in various power system variants for use in both passenger and freight service. Sixty locomotives were initially ordered and will be delivered successively beginning in 2025.
In July 2023, Wabtec Corporation entered into a multi-year parts agreement with PT Imeco Inter Sarana that will support PT Kereta Api Indonesia’s 150 locomotive fleet. The $190 million dollar agreement provides service kits and training to PT KAI for efficient maintenance of its locomotive fleet in the region. This technical support allows PT KAI to focus on the improvement and expansion of their passenger and freight movement service.
In May 2023, ABB signs alliance agreement with Bair Energy aiming to develop major green hydrogen complex in Texas. ABB has been selected to join the Bair Energy Green Hydrogen and Technology Alliance to provide expertise on turnkey automation, electrification and digitalization solutions that support the optimization of low-cost green hydrogen production at the 1 GW Clear Fork Texas facilities.
Types Covered:
• Compound Catenary Wire
• Simple Catenary Wire
• Stitched Catenary Wire
• Other Types
Train Types Covered:
• Metro
• Light Rail
• High-speed Rail
• Other Train Types
Voltages Covered:
• Low Voltage
• Medium Voltage
• High Voltage
Components Covered:
• Contact Wire
• Droppers
• Insulators
• Cantilevers
• Connectors
• Clamps
• Steady Arm
• Other Components
Materials Covered:
• Cadmium Copper
• Copper Tin
• Copper Magnesium
• Copper Silver
• Other Materials
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Overhead Catenary System Market, By Type
5.1 Introduction
5.2 Compound Catenary Wire
5.3 Simple Catenary Wire
5.4 Stitched Catenary Wire
5.5 Other Types
6 Global Overhead Catenary System Market, By Train Type
6.1 Introduction
6.2 Metro
6.3 Light Rail
6.4 High-speed Rail
6.5 Other Train Types
7 Global Overhead Catenary System Market, By Voltage
7.1 Introduction
7.2 Low Voltage
7.3 Medium Voltage
7.4 High Voltage
8 Global Overhead Catenary System Market, By Component
8.1 Introduction
8.2 Contact Wire
8.3 Droppers
8.4 Insulators
8.5 Cantilevers
8.6 Connectors
8.7 Clamps
8.8 Steady Arm
8.9 Other Components
9 Global Overhead Catenary System Market, By Material
9.1 Introduction
9.2 Cadmium Copper
9.3 Copper Tin
9.4 Copper Magnesium
9.5 Copper Silver
9.6 Other Materials
10 Global Overhead Catenary System Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Wabtec Corporation
12.2 Bombardier Inc
12.3 ABB Ltd
12.4 Siemens AG
12.5 Lamifil NV
12.6 Kiepe Electric GmbH
12.7 Strukton
12.8 Alstom Holdings
12.9 MAC Products, Inc
12.10 Alucast Iran Co
12.11 Sugremin SA
12.12 NKT
12.13 Meidensha Corporation
12.14 Nexans
List of Tables
1 Global Overhead Catenary System Market Outlook, By Region (2021-2030) ($MN)
2 Global Overhead Catenary System Market Outlook, By Type (2021-2030) ($MN)
3 Global Overhead Catenary System Market Outlook, By Compound Catenary Wire (2021-2030) ($MN)
4 Global Overhead Catenary System Market Outlook, By Simple Catenary Wire (2021-2030) ($MN)
5 Global Overhead Catenary System Market Outlook, By Stitched Catenary Wire (2021-2030) ($MN)
6 Global Overhead Catenary System Market Outlook, By Other Types (2021-2030) ($MN)
7 Global Overhead Catenary System Market Outlook, By Train Type (2021-2030) ($MN)
8 Global Overhead Catenary System Market Outlook, By Metro (2021-2030) ($MN)
9 Global Overhead Catenary System Market Outlook, By Light Rail (2021-2030) ($MN)
10 Global Overhead Catenary System Market Outlook, By High-speed Rail (2021-2030) ($MN)
11 Global Overhead Catenary System Market Outlook, By Other Train Types (2021-2030) ($MN)
12 Global Overhead Catenary System Market Outlook, By Voltage (2021-2030) ($MN)
13 Global Overhead Catenary System Market Outlook, By Low Voltage (2021-2030) ($MN)
14 Global Overhead Catenary System Market Outlook, By Medium Voltage (2021-2030) ($MN)
15 Global Overhead Catenary System Market Outlook, By High Voltage (2021-2030) ($MN)
16 Global Overhead Catenary System Market Outlook, By Component (2021-2030) ($MN)
17 Global Overhead Catenary System Market Outlook, By Contact Wire (2021-2030) ($MN)
18 Global Overhead Catenary System Market Outlook, By Droppers (2021-2030) ($MN)
19 Global Overhead Catenary System Market Outlook, By Insulators (2021-2030) ($MN)
20 Global Overhead Catenary System Market Outlook, By Cantilevers (2021-2030) ($MN)
21 Global Overhead Catenary System Market Outlook, By Connectors (2021-2030) ($MN)
22 Global Overhead Catenary System Market Outlook, By Clamps (2021-2030) ($MN)
23 Global Overhead Catenary System Market Outlook, By Steady Arm (2021-2030) ($MN)
24 Global Overhead Catenary System Market Outlook, By Other Components (2021-2030) ($MN)
25 Global Overhead Catenary System Market Outlook, By Material (2021-2030) ($MN)
26 Global Overhead Catenary System Market Outlook, By Cadmium Copper (2021-2030) ($MN)
27 Global Overhead Catenary System Market Outlook, By Copper Tin (2021-2030) ($MN)
28 Global Overhead Catenary System Market Outlook, By Copper Magnesium (2021-2030) ($MN)
29 Global Overhead Catenary System Market Outlook, By Copper Silver (2021-2030) ($MN)
30 Global Overhead Catenary System Market Outlook, By Other Materials (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
