Subways Segment to Dominate Europe Railway Connectors Market through 2025
Increasing demand for
different types of wagons in railways is expected to drive the growth of Europe
railway connectors market
According
to TechSci Research report, “Europe
Railway
Connectors Market By Connector Type (Broad Level Connectors/PCB Connectors,
Power Connectors, RF/HF Coaxial Connectors, Data Connectors, Pogo Pin
Connectors/Spring Load Connectors, Modular & Mix Connectors), By Size (Connectors Body and Backshell), By Platform (Rolling Stock and
Signaling/Infrastructure), By Application (Diesel Multiple Units (DMUs),
Electric Multiple Units (EMUs), Light Rails/Trams, Subways/Metros, Passenger
Coaches), By Country, Forecast & Opportunities, 2025”, the Europe railway connectors market is expected to grow
at a steady rate during the forecast period owing to the increasing demand for
advanced signaling equipment. Additionally, the incorporation of big data, IoT,
cloud, in the railway industry is further expected to propel the market during the
next five years. However, high overhaul and maintenance costs can hamper the
market until 2025.
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The Europe railway connectors market is
segmented based on connector type, size, platform, application, company and
regional distribution. Based on connector type, the market can be fragmented
into broad level connectors/PCB connectors, power connectors, RF/HF coaxial
connectors, data connectors, pogo pin connectors/spring load connectors,
modular & mix connectors. The power connectors segment is expected to
dominate the market during forecast period. This can be accredited to the
growing demand for power and voltage for specific critical applications such as
metro rail, light/tram rail, base station installations, among others. Based on size, the market can be divided into
connectors body and backshell. The connectors body segment is expected to
dominate the market owing to their extensive use in modular machine design,
factory automation, robotics, transportation, power generation, among others. Based
on platform, the market can be bifurcated into rolling stock and
signalling/infrastructure. The signalling/infrastructure is expected to
register significant growth during forecast period attributable to the fact
that it ensures increased safety in trains and provides ease in operations. The
signalling system receives the track data from different locations and then analyzes
it. The analyzed data is then converted to an electronic signal which warns the
rail engineers about the movement authority limits, speed limits, and track
conditions ahead. On the other hand, rolling stock is expected to hold a
significant market share during forecast period. This can be ascribed to the advancements
in technologies such as turbochargers, power electronics, and semiconductors.
Additionally, it reduces the weight of the vehicle that helps in improving the
speed and comfort of transit systems. Based on application, the market can be
fragmented into diesel multiple units (DMUS), electric multiple units (EMUS),
light rails/trams, subways/metros and passenger coaches. The subways/metros dominate
the market on account of the increasing urbanization and the growing need for a
sustainable mode of transportation.
TE Connectivity, Amphenol Corporation, Molex
Incorporated, ITT, Smiths Interconnect, Fischer Connectors, Esterline
Technologies, Schaltbau, Sichuan Yonggui Science and Technology, TT Electronics
and others are some of the leading players operating in Europe railway
connectors market. For instance, in February 2018, Amphenol Corporation
expanded its RJ Field & USB Field range of rugged connectors with two new
reduced flange versions of RJF TV6 and USB3F TV for reduced spaces railway applications.
The RJ and USB reduced flange receptacles combine space and weight savings with
performances equal to standard RJF TV6 and USB3F TV receptacles.
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“Europe
railway connectors market is expected to witness growth during the forecast
period, owing to the fact that adoption of high-end technology is lower in the
East European countries as compared with the West European countries such as
the UK, Germany, France, and Spain. Additionally, presence of key players such as
Fischer Connectors, Schaltbau, TT Electronics, among others in the region
further strengthens the market in the region. Furthermore, the locos in Europe
are being equipped with advanced technologies such as wireless radio
connection, data transmission, among others thereby fueling the growth of
market..” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Europe Railway Connectors Market By Connector Type
(Broad Level Connectors/PCB Connectors, Power Connectors, RF/HF Coaxial
Connectors, Data Connectors, Pogo Pin Connectors/Spring Load Connectors,
Modular & Mix Connectors), By Size
(Connectors Body and Backshell), By
Platform (Rolling Stock and Signaling/Infrastructure), By Application (Diesel
Multiple Units (DMUs), Electric Multiple Units (EMUs), Light Rails/Trams,
Subways/Metros, Passenger Coaches), By Country, Forecast & Opportunities,
2025” has
evaluated the future growth potential of Europe railway connectors market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Europe railway connectors market.
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