Railway Connectors Market
Railway connectors are devices used for the transmission of data and signals along the passenger rolling stock, including signaling systems, power transmission, brakes and controls and others. Installed on all types of railway systems or equipment, the connectors such as ultra-resistant, fiber optics and miniature play a vital role in ensuring efficient, safe and reliable operation of any electrical or electronic device.
Railway connectors are a critical component and they must be carefully selected according to the technical specifications of the application. In addition to electrical parameters such as voltage and current, there are additional requirements that must be taken into consideration such as, environmental and operating conditions, resistance to salt and flame, strength, impermeability, number of coupling cycles, easy handling and more.
Market Dynamics
Increasing production of locomotives are boosting the demand of railway connectors across the globe. Connectors have wide range of application in modern railways/locomotive. Rail connectors could have application in automatic door operation, engine, CCTV, lights, air conditioning, robotics, windshield viper, and communication. Moreover, these applications need large volume of connectors in a locomotive. Expanding fleet size is a major factor in growth of the railway connectors market and this is expected to impact the connectors market positively. According to Bureau of Transportation Statistics America, number of operational locomotive in the U.S. in 2011 were 24,350, which increased to 26,547 in 2017. According to facts and figures released by Government of India, volume of rolling stock was 11,461 in 2017 which increased to 12,000 in 2018.
Moreover, government initiatives for implementation of modern and faster rail transports also increasing the expansion of railway connectors. Governments in various countries have initiated projects of faster and safer trains, which is positively impacting growth of the connectors market.
However, the extreme weather conditions adversely affecting functioning of connectors might hamper the market development.
Market Taxonomy
This report segments the global railway connectors market on the basis of type, design, physical application, function, rail type and region. On the basis of type, the global railway connectors market is segmented into power connectors, data connectors, modular connectors and others. On the basis of design, the global railway connectors market is segmented into circular and rectangular. On the basis of physical application, the global railway connectors market is segmented into rolling stock, engine monitoring, infrastructure & signaling, roof/ pantograph, air conditioning system, trackside safety systems, and others. On the basis of function, the global railway connectors market is segmented into signalling, communication, and power distribution. On the basis of rail type, the global railway connectors market is segmented into Light Rails/Trams, Metro, Passenger Train, and Cargo Train. On the basis of region, the global railway connectors market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key features of the study:
Detailed Segmentation:
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Table of Contents
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