What is Global Current Collector for Light Rail Train (LRT) Market?
The Global Current Collector for Light Rail Train (LRT) Market is a specialized sector within the broader rail industry. It focuses on the production and distribution of current collectors, which are essential components in the operation of light rail trains. These devices are responsible for transferring electrical current from overhead lines to the train's motor, enabling it to move. The market's significance is underscored by the growing global emphasis on sustainable transportation solutions, with light rail systems being a key part of this trend. The market's value was estimated at US$ 41 million in 2022, and it is projected to grow to US$ 54 million by 2029. This represents a compound annual growth rate (CAGR) of 3.8% over the forecast period from 2023 to 2029.
Top-Running, Bottom-Running, Side-Running in the Global Current Collector for Light Rail Train (LRT) Market:
The Global Current Collector for LRT Market is segmented based on the type of current collector used. These include top-running, bottom-running, and side-running types. The top-running type is the most prevalent, accounting for approximately 60% of the market. These collectors are mounted on top of the train and make direct contact with the overhead line. Bottom-running collectors, on the other hand, are installed beneath the train and make contact with a rail or conductor located at ground level. Side-running collectors are less common and are typically used in specialized applications. Each type has its own set of advantages and challenges, and the choice between them depends on a variety of factors, including the specific requirements of the light rail system in question.
Aboveground LRT, Underground LRT in the Global Current Collector for Light Rail Train (LRT) Market:
The use of current collectors is not limited to aboveground light rail systems. They are also used in underground LRT systems, albeit with some modifications to account for the different operating environment. Aboveground LRT systems are the primary application for current collectors, accounting for over 70% of the market. These systems are more common due to their lower construction and maintenance costs compared to underground systems. However, underground LRT systems also represent a significant portion of the market. Despite their higher costs, these systems are often preferred in densely populated urban areas where space is at a premium. The use of current collectors in both aboveground and underground LRT systems is expected to continue to drive market growth in the coming years.
Global Current Collector for Light Rail Train (LRT) Market Outlook:
To rephrase the market outlook, the Global Current Collector for LRT Market is a growing sector within the rail industry. As of 2022, it was valued at US$ 41 million, and it is expected to increase to US$ 54 million by 2029. This suggests a CAGR of 3.8% from 2023 to 2029. The market is dominated by the top-running type of current collector, which holds a 60% share. In terms of application, aboveground LRT systems are the most common, representing over 70% of the market.
| Report Metric | Details |
| Report Name | Current Collector for Light Rail Train (LRT) Market |
| Accounted market size in 2023 | US$ 43 million |
| Forecasted market size in 2029 | US$ 54 million |
| CAGR | 3.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Wabtec Corporation, Sécheron, Schunk Group, Mersen, Hall Industries, Hunan Zhongtong Electric |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
