Railway System Market worth $35.3 billion by 2025 - PowerPoint PPT Presentation

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Railway System Market worth $35.3 billion by 2025

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Railway System Market by System Type (Auxiliary Power, HVAC, Propulsion, On-board Vehicle Control, Train Information & Train Safety), Transit Type (Conventional & Rapid), Application (Passenger & Freight Transportation),& Region- Global Forecast to 2025 – PowerPoint PPT presentation

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Title: Railway System Market worth $35.3 billion by 2025


1
MarketsandMarkets Presents

Railway System Market worth 35.3 billion by 2025
https//www.marketsandmarkets.com/Market-Reports/r
ailway-system-market-203815831.html
2
The report "Railway System Market by System Type
(Auxiliary Power, HVAC, Propulsion, On-board
Vehicle Control, Train Information Train
Safety), Transit Type (Conventional Rapid),
Application (Passenger Freight
Transportation), Region- Global Forecast to
2025" The global railway system market is
estimated to be USD 26.0 billion in 2019 and
projected to reach USD 35.3 billion by 2025, at a
CAGR of 5.2. The growing demand for public
transport and increasing need for energy
efficient transport are some of the key drivers
for the growth of this market. Get The PDF
Brochure For This Report https//www.marketsandm
arkets.com/pdfdownloadNew.asp?id203815831
Browse 38 market data Tables and 48 Figures
spread through 139 Pages and in-depth TOC
on "Railway System Market
https//www.marketsandmarkets.com/Market-Reports/r
ailway-system-market-203815831.html
3
Passenger transportation, by application, is
estimated to hold the largest market share during
the forecast period The major passenger
transportation markets include countries such as
Japan, India, China, and the European countries.
The increase in rapid transit systems equipped
with advanced train information system, auxiliary
power units, and onboard vehicle control is
driving railway system market. Moreover, to
provide safety systems, the rolling stock vendors
are introducing cameras, video recorders,
passenger information displays, and public
address system. The increase in these functions
will boost the passenger transportation segment
of the railway system market. Europe to be the
largest railway system market The European
railway system market is estimated to be the
largest in 2019. The EU represents the biggest
absolute market for rail products and services,
with the railway system segment representing the
largest part of this market.  The demand for rail
vehicles in this region is triggered by the
growing population of urban areas, where the
existing transportation infrastructure is
insufficient. The expansion of these networks is
expected to drive the demand for new vehicles,
which, in turn, will fuel the railway system
market. Request Sample of the report https//www.
marketsandmarkets.com/requestsampleNew.asp?id2038
15831
4
Train information system is estimated to be the
fastest growing segment, by system type, during
the forecast period The train information system
market is estimated to be the fastest growing
segment. Train information system is a
communication system that provides information to
passengers and enables two-way communication
between passengers and operators. These
communication systems are used in connected rails
and high-speed trains for their efficient
functioning. The growing demand for connected
and high-speed trains is propelling the demand
for train information systems. Moreover, the
advent of autonomous trains will act as a
catalyst in the growth of the train information
system market in future. The report analyzes all
major players in the railway system market
including CRRC (China), Siemens (Germany),
Bombardier (Canada), Alstom (France), and ABB
(Switzerland). Dont miss out on business
opportunities in Railway System Market. Speak to
our analyst and gain crucial industry insights
that will help your business grow.
5
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
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https//www.marketsandmarkets.com/Market-Reports/r
ailway-system-market-203815831.html
6
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