Railway System Market
English Public
Market Snapshot.
The rail systems market size and share is expected to reach approximately USD 25 billion in 2022, growing at a CAGR of around 4% during the forecast period. Furthermore, according to a research analysis of the global rail systems market, it is expected to reach approximately USD 46 billion by 2035.
Market overview.
Commercial organisations responsible for the operation of train transport systems that carry passengers or freight are referred to as rail systems. Rail systems incorporate a range of systems and services that improve the performance of rail vehicles and enable better management of the rail industry. Rail systems include a wide range of equipment, components and signalling systems, including high-speed trains, subways, diesel rolling stock, locomotives, coaches and light rail. According to our research, increasing urbanisation is a growth factor for the rail systems market. According to statistics, the degree of urbanisation in the world will be 57% by 2022. According to a World Bank report, 4.4 billion people live in cities, which will double the current level by 2050, at which point about 7 out of 10 people will live in cities. As urbanisation increases, infrastructure is developed and transport modes are developed. Railways are becoming a more viable mode of transport, as they provide a reliable and efficient means of getting large numbers of people in and out of densely populated areas.
Key market trends in the rail systems market
Alstom was awarded a contract by MC for an integrated rail system for the expansion of the North-South Commuter Rail Project (NSCR) in the Philippines. This iconic project, to be operated by a consortium led by Alstom and operated by Corus Rail, will transform mobility in Metro Manila and suburban Luzon, making it faster, more reliable and more sustainable.
Siemens Mobility was awarded a contract by Indian Railways to design, build, commission and test 1,200 9,000 hp (HP) locomotives. This is the largest locomotive order in Siemens Mobility's history and the largest single order in Siemens India's history. Deliveries are scheduled to last for 11 years and the contract includes 35 years of full service maintenance. The locomotives will be assembled at the Indian Railways' plant in Dahod, Gujarat, India. The total value of the contract is approximately USD 320 million, excluding taxes and price variations.
Rail systems market segments
By system type, the HVAC system type is expected to generate the highest revenue. Global railway HVAC revenue is expected to reach approximately USD 14 million in 2022 and USD 20 million in 2035, growing at a CAGR of 4% during the forecast period.HVAC systems help maintain and help to maintain and expand thermal comfort by maintaining adequate indoor air quality through proper ventilation and filtration. In the end-use segment, goods trains are expected to generate the largest revenue.
For more information on the market research report, visit: https://www.sdki.jp/reports/railway-system-market/111567
The rail systems market size and share is expected to reach approximately USD 25 billion in 2022, growing at a CAGR of around 4% during the forecast period. Furthermore, according to a research analysis of the global rail systems market, it is expected to reach approximately USD 46 billion by 2035.
Market overview.
Commercial organisations responsible for the operation of train transport systems that carry passengers or freight are referred to as rail systems. Rail systems incorporate a range of systems and services that improve the performance of rail vehicles and enable better management of the rail industry. Rail systems include a wide range of equipment, components and signalling systems, including high-speed trains, subways, diesel rolling stock, locomotives, coaches and light rail. According to our research, increasing urbanisation is a growth factor for the rail systems market. According to statistics, the degree of urbanisation in the world will be 57% by 2022. According to a World Bank report, 4.4 billion people live in cities, which will double the current level by 2050, at which point about 7 out of 10 people will live in cities. As urbanisation increases, infrastructure is developed and transport modes are developed. Railways are becoming a more viable mode of transport, as they provide a reliable and efficient means of getting large numbers of people in and out of densely populated areas.
Key market trends in the rail systems market
Alstom was awarded a contract by MC for an integrated rail system for the expansion of the North-South Commuter Rail Project (NSCR) in the Philippines. This iconic project, to be operated by a consortium led by Alstom and operated by Corus Rail, will transform mobility in Metro Manila and suburban Luzon, making it faster, more reliable and more sustainable.
Siemens Mobility was awarded a contract by Indian Railways to design, build, commission and test 1,200 9,000 hp (HP) locomotives. This is the largest locomotive order in Siemens Mobility's history and the largest single order in Siemens India's history. Deliveries are scheduled to last for 11 years and the contract includes 35 years of full service maintenance. The locomotives will be assembled at the Indian Railways' plant in Dahod, Gujarat, India. The total value of the contract is approximately USD 320 million, excluding taxes and price variations.
Rail systems market segments
By system type, the HVAC system type is expected to generate the highest revenue. Global railway HVAC revenue is expected to reach approximately USD 14 million in 2022 and USD 20 million in 2035, growing at a CAGR of 4% during the forecast period.HVAC systems help maintain and help to maintain and expand thermal comfort by maintaining adequate indoor air quality through proper ventilation and filtration. In the end-use segment, goods trains are expected to generate the largest revenue.
For more information on the market research report, visit: https://www.sdki.jp/reports/railway-system-market/111567
by akiariku
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