Want to know what goes into a Technavio report? Get a FREE Sample to see selected illustrations and analysis straight from this report.

Overview of the auxiliary power systems for rolling stock market

According to Technavio’s rolling stock market research and analysis, the continuous growth in the electrification of railways will impel the growth of auxiliary power systems for rolling stock market during the next few years. The economic and environmental viability associated with rail electrification has resulted in significant emission reduction, primarily owing to the absence of burning of fuel. Furthermore, various electrification projects of varying scales are being taken up in both emerging and developed economies resulting in significant savings for the railway authorities. For instance, the government of India has included over 93 railway electrification projects amounting close to USD 3 billion during 2014-2018. As a result, the subsequently increasing cost savings by railway authorities will further spur the growth of the global rolling stock market, in turn, further propelling the demand for auxiliary power systems for rolling stocks. Technavio’s market research analysts have predicted that the auxiliary power systems for rolling stock market will register a CAGR of more than 5% by 2022.

The emergence of Magnetic levitation(Maglev) trains is one of the key trends gaining traction in the market. These trains use the magnetic suspension to move the vehicle without touching the track. Since they do not contact the track, any constraints pertaining to friction are immediately eliminated, in turn, allowing them to achieve speeds of more than 500 kilometers per hour. Furthermore, owing to the absence of friction and lesser wear and tear of wheels, the overall maintenance and operation cost is reduced. As a result, the Maglev trains are increasingly being adopted and operated in developed and emerging economies including China, Japan, and South Korea. This, in turn, will further proliferate the growth of the auxiliary power systems for rolling stock market in the forthcoming years.

Companies covered

The market appears to be moderately fragmented owing to the presence of a considerable number of established players. This auxiliary power supply market research report will help clients identify new investment opportunities and design unique growth strategies for enhancing their customer base across various geographies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

This research report provides an analysis of various companies in this market including –

• ABB
• GENERAL ELECTRIC
• Mitsubishi Electric
• SMA Railway Technology
• Toshiba
• TTM Rail - Transtech Melbourne

Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all Technavio’s reports, along with on-demand services. Try the demo.

Segmentation by geography and analysis of the auxiliary power systems for rolling stock market

• Americas
• APAC
• EMEA

According to Technavio’s auxiliary power supply market research report, EMEA accounted for the largest share of the market during 2017. With the growth in railway electrification in advanced economies including the UK and Germany, this region will continue to dominate the market during the next few years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global auxiliary power systems for rolling stock market?
• What are the key market trends impacting the growth of the global auxiliary power systems for rolling stock market?
• What are the challenges to market growth?
• Who are the key vendors in the global auxiliary power systems for rolling stock market?
• What are the market opportunities and threats faced by the vendors in the global auxiliary power systems for rolling stock market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global auxiliary power systems for rolling stock market?

Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch