𝐑̲𝐚̲𝐢̲𝐥̲𝐰̲𝐚̲𝐲̲ 𝐒̲𝐲̲𝐬̲𝐭̲𝐞̲𝐦̲: 𝐄𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐀𝐛𝐨𝐮𝐭 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧)
🔗 𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑺𝒂𝒎𝒑𝒍𝒆 𝑹𝒆𝒑𝒐𝒓𝒕 @ https://lnkd.in/gPNf9VEc
Railway system market incorporates various systems and services that enable enhanced rolling stock performance and better management of the rail industry. Railway systems include a wide range of equipment, parts and signal communication systems for high-speed trains, subway trains, diesel cars, locomotives, passenger cars, and light rails.
🔗 𝑭𝒐𝒓 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 @ https://lnkd.in/gTvUvxV5
Companies operating in the market are introducing and integrating advanced technologies to rolling stock systems, power supply systems and information systems. Railway systems also include propulsion systems, auxiliary power supply systems, and air-conditioning systems among others. Adoption of advanced #railway systems results in benefits such as reduced maintenance costs, greater safety, superior operational flexibility, improved reliability, and more predictable operation.
Factors such as an increase in allocation of budget for development of railways, rise in demand for secure, safer, and efficient transport system, rise in use of public transport services as a solution to minimize traffic congestion, growth in demand for safety and compliance in rail transit, and increase in demand for passenger and freight capacity drive the growth of the railway system market. However, high capital requirement, lack of technology infrastructure and consistency in developing countries, and high overhaul and maintenance costs hinder the growth of the market.
Further, improvement in railway infrastructure in developing countries, technological advancements in autonomous rail and green transport, and integration of automation and advanced technologies in railway system offers remarkable growth opportunities for the players operating in the railway system market.
The global railway system market size was valued at $27.2 billion in 2021, and is projected to reach $42.4 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 -
Alstom | Bombardier Transportation Transmashholding AG | Knorr-Bremse AG | Stadler | ABB. | Siemens AG | Wabtec Corporation | Toshibac | Hitachi Energy.| CRRC Corporation Limited
#railwaysystems #locomotives #railway
UC Berkeley MRED+D / Real Estate Development & Investment / Rail Transportation Advocate
2moAmazing news! I wonder if this foreshadows an announcement from California High Speed Rail regarding their rolling stock choice👀