An electronic device used for various types of rolling stock applications in railroad vehicles such as air conditioning, braking, lighting, heating, ventilator, and door control is known as train contactors. Train contactors help in improving the security of the electronic assembly in any rolling stock vehicle or for the railways. Train contactors are of two types: DC train contactors and AC train contactors. These two types of contractors can be installed in any environment, including urban or mainline trains, driver or passenger cabins, underground trains, or trams frequently circulating in tunnels or underground passages.
Train contactors provide various benefits to the whole power system of the railway, including decreased train energy consumption, which in turn enables precise and proper power management for rolling stock vehicles. The global train contactor market is expected to increase at a fast pace during the projection period owing to the rise in demand for train contactors from different applications of the railway industry.
MARKET DYNAMICS
Functional and technological advancement in train contactors are expected to increase the demand for train contactors during the forecast period. Large developments in railways are expected to push the need for technologically advanced and high-efficiency train contactors for braking, air conditioning, lighting, heating, ventilator, and door control, which is expected to propel the demand for train contactors. Growing government initiatives encouraging fast track railway infrastructure construction along with an increase in the train passenger ratio globally are some of the major factors expected to propel the growth of the train contactor market during the review period. Train manufacturers are extensively using train contactors to meet the increasing demand to reduce the weight of the entire electric assembly. Train contactors give proper weight optimization, which leads to increased demand for train contactors globally. The need to decrease the mechanical strain on trains and provide a relaxed ride in passenger and freight trains are anticipated to increase the demand for train contactors across the globe.
MARKET SCOPE
The "Global Train Contactor Market Analysis to 2028" is a specialized and in-depth study of the train contactor market with a special focus on the global market trend analysis. The report aims to provide an overview of train contactor market with detailed market segmentation by product type, application, and geography. The global train contactor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading train contactor market players and offers key trends and opportunities in the train contactor market.
MARKET SEGMENTATION
The global train contactor market is segmented on the basis of product type and application. On the basis of type, the market is segmented as AC train contactors and DC train contactors. On the basis of application, the market is segmented as passenger trains and freight trains.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global train contactor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The train contactor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting train contactor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the train contactor market in these regions.
MARKET PLAYERS
The reports cover key developments in the train contactor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from train contactor market are anticipated to lucrative growth opportunities in the future with the rising demand for train contactor market. Below mentioned is the list of few companies engaged in the train contactor market.
The report also includes the profiles of key train contactor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB Group
- Alstom SA
- Crouzet Automatismes
- Legrand Pvt Ltd
- Lionel Train Contactor
- Schneider Electric SE
- S?cheron Hasler Group
- Sensata Technologies, Inc.
- Siemens AG
- Telema SpA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.