NEW YORK, United States, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Railway Overhead Catenary System (OCS) Market By Type (Simple Catenary, Stitched Catenary, Compound Catenary), By Application (Metro, Light Rail, High-Speed Rail), By Component (Catenary Wire, Dropper, Insulator, Cantilever, And Other Components), By Material (Copper, Aluminum Alloy, Composite), By Voltage (Low Voltage, Medium Voltage, High Voltage) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Railway Overhead Catenary System (OCS) Market size & share in terms of revenue was valued at USD 3.88 billion in 2022 and it is expected to surpass around USD 6.23 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4.5% during the forecast period 2023 to 2030.”
Railway Overhead Catenary System (OCS) Report Overview:
The Railway Overhead Catenary System (OCS) serves as a vital component within electrified railway networks. It comprises a network of wires suspended above the tracks, providing electrical power to trains through pantographs affixed to the train carriages. This transition from conventional fossil fuel-based propulsion to electric power enables trains to operate with improved efficiency and a more environmentally friendly footprint. Ensuring the proper tension, clearance, and alignment of these wires is essential for safe and reliable train operations and requires meticulous engineering.
The advantages of OCS include reduced air pollution, lower operational costs, and quieter train operations. However, it's important to note that both its installation and maintenance demand specialized knowledge and financial investment. OCS plays a pivotal role in modernizing railway infrastructure, promoting sustainability, and enhancing the overall efficiency of railway transit systems.
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Global Railway Overhead Catenary System (OCS) Market: Growth Dynamics
The market growth in the forecast period is expected to be propelled by the increasing demand for electrified railways.
Several factors are converging to boost the demand for electrified railways. Environmental considerations are playing a significant role in the development of cleaner and more sustainable transportation options, particularly electric trains powered by overhead catenary networks. This shift is being primarily driven by the desire to reduce carbon emissions and enhance air quality. Furthermore, the economic advantages associated with electrification, including reduced long-term operating costs, are proving attractive to train operators. Advances in technology have also made electric traction systems more efficient and reliable, further accelerating the transition.
Governments worldwide are setting objectives to reduce their reliance on fossil fuels, creating a favorable legislative environment for electrified rail projects. As urban areas expand and populations increase, electrified railways offer a means to enhance transportation efficiency while addressing environmental concerns. For instance, the UK government has established a goal of electrifying 95% of its railway network by the year 2050.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 3.88 billion |
| Projected Market Size in 2030 | USD 6.23 billion |
| CAGR Growth Rate | 4.5% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | Alstom, Siemens, Bombardier, NKT, ABB, StruKTon, TE Connectivity, Nexans, Wabtec, Lamifil, Pfisterer, LS Cable & System, Niigata Transys, Kummler+Matter, and others. |
| Key Segment | By Type, By Application, By Component, By Material, By Voltage, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Railway Overhead Catenary System (OCS) Market: Segmentation Analysis
The global market for Railway Overhead Catenary Systems (OCS) is categorized based on type, component, material, voltage, application, and geographical region.
In terms of type, the market is segmented into simple catenary, stitched catenary, and compound catenary. Currently, the global railway overhead catenary system market is predominantly led by the simple catenary segment. This is because simple catenary systems are the most widely used type of OCS systems and find application in various settings, including metro, light rail, and high-speed rail. Simple catenary systems are known for their ease of installation and maintenance, as well as their cost-effectiveness, making them a preferred choice for budget-conscious operators.
Regarding applications, the global railway overhead catenary system industry includes segments such as metro, light rail, and high-speed rail. Among these, the metro segment holds the largest market share. Metro systems are the most common form of rail transportation globally, operating in numerous cities. They require a dependable and efficient power supply, making OCS systems indispensable for their functionality. Simple catenary systems are frequently chosen for metro systems due to their straightforward installation and maintenance.
In the component category, the global railway overhead catenary system market is divided into catenary wire, dropper, insulator, cantilever, and other components. The catenary wire segment was the dominant player in the railway overhead catenary system (OCS) market in 2022. This is primarily because catenary wire serves as the most critical component of an OCS system, responsible for conducting the electrical current that powers the trains. Catenary wires are fabricated from various materials, including copper, aluminum, and steel, and are typically constructed by stranding multiple wire strands together. This design ensures the strength and flexibility required for its crucial role in the system.
The global Railway Overhead Catenary System (OCS) market is segmented as follows:
By Type
- Simple Catenary
- Stitched Catenary
- Compound Catenary
By Application
- Metro
- Light Rail
- High-speed Rail
By Component
- Catenary Wire
- Dropper
- Insulator
- Cantilever
- Other components
By Material
- Copper
- Aluminum Alloy
- Composite
By Voltage
- Low Voltage
- Medium Voltage
- High Voltage
Browse the full “Railway Overhead Catenary System (OCS) Market By Type (Simple Catenary, Stitched Catenary, Compound Catenary), By Application (Metro, Light Rail, High-Speed Rail), By Component (Catenary Wire, Dropper, Insulator, Cantilever, And Other Components), By Material (Copper, Aluminum Alloy, Composite), By Voltage (Low Voltage, Medium Voltage, High Voltage) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/railway-overhead-catenary-system-ocs-market
Competitive Landscape
Some of the main competitors dominating the global Railway Overhead Catenary System (OCS) market include -
- Alstom
- Siemens
- Bombardier
- NKT
- ABB
- StruKTon
- TE Connectivity
- Nexans
- Wabtec
- Lamifil
- Pfisterer
- LS Cable & System
- Niigata Transys
- Kummler+Matter
Key Insights from Primary Research:
- As per the analysis shared by our research analyst, the global railway overhead catenary system (OCS) industry is estimated to grow annually at a CAGR of around 4.5% over the forecast period (2023-2032).
- In terms of revenue, the global railway overhead catenary system (OCS) market size was valued at around USD 3.88 billion in 2022 and is projected to reach USD 6.23 billion, by 2032.
- The global railway overhead catenary system (OCS) market is projected to grow at a significant rate due to the growing demand for electrified railways.
- Based on type segmentation, simple catenary was predicted to hold maximum market share in the year 2022.
- Based on application segmentation, the metro segment was the leading revenue generator in 2022.
- Based on component segmentation, the catenary wire segment was the leading revenue generator in 2022.
- On the basis of region, Asia Pacific was the leading revenue generator in 2022.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Railway Overhead Catenary System (OCS) industry?
- What are the main driving factors propelling the Railway Overhead Catenary System (OCS) Market forward?
- What are the leading companies in the Railway Overhead Catenary System (OCS) Industry?
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Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Type, By Application, By Component, By Material, By Voltage, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
Asia Pacific Poised for Market Leadership in the Forecasted Period
In the forthcoming years, the Asia Pacific region is positioned to take the lead in the railway overhead catenary system (OCS) market. This dominance is attributed to the region's surging demand for rail transit and the heightened investments being made in rail infrastructure development. Within the Asia Pacific, the primary catalyst behind the escalating demand for rail transportation is the rapid urbanization taking place in the region. Additionally, the region's growing population is further propelling the need for expanded rail transit systems. Governments in the Asia Pacific are actively investing in rail infrastructure projects, thereby driving the demand for OCS systems. The incorporation of new technologies is enhancing the efficiency and reliability of OCS systems, further bolstering their demand in the region.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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