omiss out on business opportunities in Overhead Cate
in Karriereecke 31.10.2019 06:20von gsnoopy520 • 177 Beiträge
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According to the new market research report "Overhead Catenary System Market by Catenary Wire (Simple Tarik Cohen Authentic Jersey , Stitched, Compound), Train (Metro, Light Rail, High-Speed Rail) Mitchell Trubisky Authentic Jersey , Voltage (Low, High), Component (Catenary Wire, Dropper, Insulator Anthony Miller Authentic Jersey , Cantilever), Material, Track & Region - Global Forecast to 2025", published by MarketsandMarkets鈩? The overhead catenary system market, by catenary type Roquan Smith Authentic Jersey , is estimated to be USD 25.53 billion in 2018 and is projected to reach a market size of USD 46.94 billion by 2025, growing at a CAGR of 9.09% during the forecast period. The overhead catenary system market for electrified track length in operation is projected to grow at a CAGR of 6.55% during the forecast period, from an estimated market size of 232.6 thousand miles in 2018 to 326.7 thousand miles by 2025.
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The continuous expansion of the rail network across the train type is a principal factor driving the growth of the overhead catenary system market. Countries like China, Japan, Germany Khalil Mack Authentic Jersey , UK, France, and Canada among others have rigorously focused on improving rail transport to reduce the increasing strain on roadways and airways. As electric traction for the railways is proved to be the most energy efficient operation, the electrification of rail tracks is expected to expand exponentially in the coming years. Thus, the development of the rail industry and the expansion of electrified rail tracks would act as a catalyst to the growth of the overhead catenary system market.
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