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Strategic Analysis of the European Rail Electrification Market
Frost & Sullivan, Oct 2009, Pages: 123
European Rail Electrification Market Picks up Steam as Countries Realize the Need to Reduce Carbon Footprint
Spiralling fuel prices, increasingly congested roads and the constraints of land transport are turning the spotlight on electrification of rails as a sustainable, non-fossil fuel-based means of transport. The rail electrification market will alleviate some of the concerns of energy security, meet the demand for green transportation and foster the growing popularity of high-speed rails. Most European countries’ desire to reduce their carbon footprints and earn green tags has even driven them to open up mainline networks for electrification. Western European countries have rolled out programs to further electrify their rail networks to cope with mounting rail traffic. The high energy efficiency of electric rail addresses energy security issues and offers additional benefits of non pollution, faster acceleration and effective land usage. 'Given the least polluting nature of railways, government bodies have already approved to fund about €36 billion for modern freight corridor development,' says the analyst of this research. 'This investment commitment shall, in turn, fuel the demand for electrification projects along the international freight corridor networks across Europe.'
Despite these evident advantages, governments are deterred by the prohibitive capital costs of setting up an electrified network, especially because the ongoing economic downturn has shrunk the state funds available for transport infrastructure. Market participants will have to come up with innovative design and construction techniques that will reduce the life cycle costs of the electrification system. The main solution is to reduce the number of components required per track kilometre. Already, rail electrification drives down the operational costs of the nation’s railway in the long term. 'Electric multiple units (EMU) are lighter than their diesel counterparts and require lesser maintenance as the power source is external, unlike the big powertrains used to generate electricity to power the train from within,' notes the analyst. 'Moreover, EMUs impart lesser stress on rails, thereby reducing the maintenance cost of track networks.'
Market participants can also bring in funding options for network managers and help them identify routes that possess the best cost to benefit ratio for electrification. This will help funding bodies justify fund allocation to proposed projects. Additionally, public funding will help local authorities to finance projects and deal with urban rail-borne public transport. 'Rail freight operations have already been liberalised for private operators in 2007 and by 2010, the international passenger services are to be liberalised across Europe,' observes the analyst. 'These moves will segregate infrastructure division from operations and networks routes are likely to be leased to operators for train operation.' Competition in rail operation is expected to boost revenues of network owners and make funds available for further network and electrification development.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Mainlines
- High-speed
- Light rails
- Underground rails
- Technologies
The following technologies are covered in this research:
- Overhead lines
- Third rails
- Rigid catenary systems
- Advanced conductor rails
- Contact-free electrification systems
This Frost & Sullivan research service titled Strategic Analysis of the European Rail Electrification Market provides insights into the demand for railway electrification in mainlines, high-speed, light, and underground rails. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: overhead lines, third rails, rigid catenary systems, contact-free electrification systems, and advanced conductor rail.
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