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Global Train Interior LED Lighting Market

  • ID: 5388066
  • Report
  • April 2021
  • Region: Global
  • 241 pages
  • Qualiket Research

FEATURED COMPANIES

  • Dräxlmaier
  • etc
  • Federal-Mogul
  • GE
  • Grupo Antolin
  • Hitachi
Global Train Interior LED Lighting market was valued at US$ 1,700.0 Mn in 2020 and it is expected to reach at US$ 3,005.0 Mn by 2027, growing at CAGR 8.6% during the period, 2017-2027.

The rise in focus of government on energy saving solutions, rise in utility rebates, and Growing display and large screen backlighting market are the factors that propel the market. Also, growth of smart lighting and high efficacy LED drive the growth of the LED market. However, high initial cost restricts the growth of the market.

Market Drivers: Strict regulatory policies regarding conventional lighting & energy consumption

The increasing stringency of regulations in terms of inefficient lighting technologies and growing government efforts toward sustainable development are the key growth drivers. An aggressive decline in the prices of Light-Emitting Diode (LED), along with the transformation in energy policies across the globe, has been boosting the market growth. Moreover, attractive incentives & rebates provided by the governments for the use of LED lighting in several countries will leverage the demand.

Governments offer incentives & rebates on replacement of traditional lamps with LED products, and this allows to improve adoption of LED products across the world. Smart illuminations are also expected to provide lucrative opportunities for application in industrial & commercial areas. They have the capability to adjust light using control zones. Smart city schemes have become predominant in the U.S. and several European nations with a rising focus on strategies to lessen peak power demand and overall energy consumption.

The impact of this driver is high in the market and it is expected that it will be high over the coming years.

Market Restraints: High initial cost hinders the market growth

LEDs are considered costly just because of the high initial capital cost in comparison to conventional lighting technologies. Further, cost includes circuitry & power supplies required. However, this is the perspective when talking of the initial investment; however, the total cost (considering the lifetime of LED) would be lower than conventional technologies. The total cost of ownership of LEDs including the maintenance and energy cost is lower than that of the halogen and incandescent sources. However, the high investments in initial level restricts initial acceptance of LEDs. Hence, it restricts the adoption of the LED market.

Market Opportunity: APAC region is expected to create significant opportunity over the forecast period

APAC is the fastest-growing region in the train interior LED lighting solution market, and it is expected to retain the pace throughout the forecast period. The major factor responsible for driving the train LED lighting growth in the region is the sustained surge in the urbanization rate and population in developing countries. Government initiatives for the deployment of smart lighting products, along with toughening regulations for energy efficiency, are being implemented, especially in countries such as China and India. The increase in adoption of smart lighting products, along with the strong government focus on developing smart cities, is further driving the LED lighting market growth.

Train Interior LED Lighting Market Size & Forecast by region

Europe Train interior LED lighting market was valued at US$ 525.9 Mn in 2020 and it is expected to reach at US$ 862.3 Mn by 2027, growing at a CAGR of 7.4% over the forecast period. This growth can be attributed to the increasing demand for comfort & luxury features in rolling stock interiors; government mandates for lighting applications; and increase in different railway projects such as metro train, high-speed train, and refurbished train.

Asia Pacific dominated the market and accounted for more than 30% of the global revenue share in 2019. The market is expected to create significant opportunity over the forecast period due to ongoing transformation and infrastructure expansion projects in the countries such as India, China.

North America is estimated to be grow at moderate rate. The growth is driven by the increasing proposals of high-speed train projects. The emergence of high-speed train as the major mode of rail transportation in North America will drive the LED train lighting market in the region.

Market Segmentation

The global train interior LED lighting market is segmented into rolling stock such as Diesel Locomotive, DMU, Electric Locomotive, EMU, Metro,Light Rail/Trams/Monorail, Passenger Coaches, and Freight Wagon, by application such as Cabin Lights, Door Lights, Emergency Lighting Systems, Reading Lights, Toilet Lights, Train Headlights, Train Indicator Lights, Train Led Spotlights, Train Main Lights, Marker Lights, and Vestibule Lights.

Also, the global train interior LED lighting market is Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are listed in this report such as Teknoware, GE, Toshiba, Hitachi, Dräxlmaier, Osram, Grupo Antolin, Koito Europe Ltd, Federal-Mogul, LPA Group, etc.

Market Taxonomy

By Rolling Stock
  • Diesel Locomotive
  • DMU
  • Electric Locomotive
  • EMU
  • Metro
  • Light Rail/Trams/Monorail
  • Passenger Coaches
  • Freight Wagon
By Application
  • Cabin Lights
  • Door Lights
  • Emergency Lighting Systems
  • Reading Lights
  • Toilet Lights
  • Train Headlights
  • Train Indicator Lights
  • Train Led Spotlights
  • Train Main Lights
  • Marker Lights
  • Vestibule Lights
By Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Key Questions Addressed by the Report
  • What are the Key Opportunities in Global Train Interior LED Lighting Market?
  • What will be the growth rate from 2019 to 2027?
  • Which segment/region will have highest growth?
  • What are the factors that will impact/drive the Market?
  • What is the competitive Landscape in the Industry?
  • What is the role of key players in the value chain?
  • What are the strategies adopted by key players?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Dräxlmaier
  • etc
  • Federal-Mogul
  • GE
  • Grupo Antolin
  • Hitachi
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope

2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources

3 Executive Summary

4 Global Train Interior LED Lighting Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 Global Train Interior LED Lighting Market, By Rolling Stock
5.1 Y-o-Y Growth Comparison, By Rolling Stock
5.2 Global Train Interior LED Lighting Market Share Analysis, By Rolling Stock
5.3 Global Train Interior LED Lighting Market Size and Forecast, By Rolling Stock
5.3.1 Diesel Locomotive
5.3.2 DMU
5.3.3 Electric Locomotive
5.3.4 EMU
5.3.5 Metro
5.3.6 Light Rail/Trams/Monorail
5.3.7 Passenger Coaches
5.3.8 Freight Wagon

6 Global Train Interior LED Lighting Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Train Interior LED Lighting Market Share Analysis, By Application
6.3 Global Train Interior LED Lighting Market Size and Forecast, By Application
6.3.1 Cabin Lights
6.3.2 Door Lights
6.3.3 Emergency Lighting Systems
6.3.4 Reading Lights
6.3.5 Toilet Lights
6.3.6 Train Headlights
6.3.7 Train Indicator Lights
6.3.8 Train Led Spotlights
6.3.9 Train Main Lights
6.3.10 Marker Lights
6.3.11 Vestibule Lights

7 Global Train Interior LED Lighting Market, By Region
7.1 Global Train Interior LED Lighting Market Share Analysis, By Region
7.2 Global Train Interior LED Lighting Market Share Analysis, By Region
7.3 Global Train Interior LED Lighting Market Size and Forecast, By Region

8 North America Train Interior LED Lighting Market Analysis and Forecast (2020 – 2027)
8.1 Introduction
8.2 North America Train Interior LED Lighting Market Share Analysis, By Rolling Stock
8.3 North America Train Interior LED Lighting Market Size and Forecast, By Application
8.4 North America Train Interior LED Lighting Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico

9 Europe Train Interior LED Lighting Market Analysis and Forecast (2020 – 2027)
9.1 Introduction
9.2 Europe Train Interior LED Lighting Market Share Analysis, By Rolling Stock
9.3 Europe Train Interior LED Lighting Market Size and Forecast, By Application
9.4 Europe Train Interior LED Lighting Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe

10 Asia Pacific Train Interior LED Lighting Market Analysis and Forecast (2020 – 2027)
10.1 Introduction
10.2 Asia Pacific Train Interior LED Lighting Market Share Analysis, By Rolling Stock
10.3 Asia Pacific Train Interior LED Lighting Market Size and Forecast, By Application
10.4 Asia Pacific Train Interior LED Lighting Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific

11 Latin America Train Interior LED Lighting Market Analysis and Forecast (2020 – 2027)
11.1 Introduction
11.2 Latin America Train Interior LED Lighting Market Share Analysis, By Rolling Stock
11.3 Latin America Train Interior LED Lighting Market Size and Forecast, By Application
11.4 Latin America Train Interior LED Lighting Market Size and Forecast, By Country

12 Middle East Train Interior LED Lighting Market Analysis and Forecast (2020 – 2027)
12.1 Introduction
12.2 Middle East Train Interior LED Lighting Market Share Analysis, By Rolling Stock
12.3 Middle East Train Interior LED Lighting Market Size and Forecast, By Application
12.4 Middle East Train Interior LED Lighting Market Size and Forecast, By Country

13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies

14 Company Profiles
14.1 Teknoware
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 GE
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Toshiba
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Hitachi
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Dräxlmaier
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Osram
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Grupo Antolin
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Koito Europe Ltd
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Federal-Mogul
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 LPA Group
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Teknoware
  • GE
  • Toshiba
  • Hitachi
  • Dräxlmaier
  • Osram
  • Grupo Antolin
  • Koito Europe Ltd
  • Federal-Mogul
  • LPA Group
  • etc
Note: Product cover images may vary from those shown
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