The overhead wire measurement and inspection instruments market report's goal is to provide the most segmented consumption and sales data for various types of products, downstream consumption fields, and competitive landscape in various countries and regions around the world. It does so by analysing the most recent market data from both primary and secondary authoritative sources. The global market for overhead wire measuring and inspection tools is expected to reach USD 81.0 million in 2020, growing at a CAGR of 6.5% over the forecast period.
The study also looks at recent market trends such as opportunities, challenges, driving forces, restraining factors, and market news such as investments, mergers, and acquisitions. It also compiles quantitative and qualitative approaches for producing micro and macroeconomic projections in various nations, as well as market size, growth rate by categories, and application.
The overhead wire measurement and inspection instruments market is expected to develop due to the excellent detection performance and measurement precision provided by the contactless operating mode. Furthermore, for measurement and inspection reasons, this measuring device may be simply placed on trucks, maintenance vehicles, electrical inspection cars, and commercial train-sets. The market for overhead wire measurement and inspection instruments will expand even faster as a result of this.
The competitive landscape section of the market research report identifies different important market leaders of the global overhead wire measurement and inspection instruments market. It also helps the readers to understand the strategies and collaborations that companies are focussing on to combat competition in the global market. The comprehensive market research report provides an in-depth look at the market. The readers can identify the footprints of the market leaders by studying the global revenue of the manufacturers, the global price, and production by the manufacturer during the forecast period.
The study also looks at recent market trends such as opportunities, challenges, driving forces, restraining factors, and market news such as investments, mergers, and acquisitions. It also compiles quantitative and qualitative approaches for producing micro and macroeconomic projections in various nations, as well as market size, growth rate by categories, and application.
Market scope and growth drivers:
The overhead wire measurement and inspection instruments market is expected to develop due to the excellent detection performance and measurement precision provided by the contactless operating mode. Furthermore, for measurement and inspection reasons, this measuring device may be simply placed on trucks, maintenance vehicles, electrical inspection cars, and commercial train-sets. The market for overhead wire measurement and inspection instruments will expand even faster as a result of this.
The competitive landscape section of the market research report identifies different important market leaders of the global overhead wire measurement and inspection instruments market. It also helps the readers to understand the strategies and collaborations that companies are focussing on to combat competition in the global market. The comprehensive market research report provides an in-depth look at the market. The readers can identify the footprints of the market leaders by studying the global revenue of the manufacturers, the global price, and production by the manufacturer during the forecast period.
Key Highlights of the Market Research Report
- In-depth business profiles that include the recent developments, product offerings, key financial information, and strategies employed by the leading market players.
- Overhead wire measurement and inspection instruments market dynamics and opportunities for the growth of the market players in the upcoming years.
- The competitive market landscape describes the market revenue share of the leading competitors.
- 2500+ data points in 60+ tables with focus on historic demand, estimated demand, and demand forecast
- Impact of COVID-19 on demand estimation & forecasts (2020 onward)
Separate analysis of each segment to understand market deviation due to Covid-19 from 2020 onwards
- Coverage across 5 major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
- Country level demand of the 25+ major markets with key trends & factors influencing the same
Key questions answered by this report
- Will leading overhead wire measurement and inspection instruments market follow macroeconomic trends, or will specific country sectors outperform the overall economy?
- How will national market shares alter by 2028, and which country will be the market leader in 2028?
- Who are the major players, and what are their chances for the future?
- How will the industry change as new coalitions develop between 2021 and 2028?
- How is the market?
- What are the factors that are driving and hindering the global overhead wire measurement and inspection instruments market?
- How will each sub-market segment for overhead wire measurement and inspection instruments market expand over the forecast period, and how much revenue will these sub-markets generate in 2028?
- From 2017 through 2028, how will market shares of each overhead wire measurement and inspection instruments market evolve?
- From 2017 to 2028, which overhead wire measurement and inspection instruments market will be the key driver of the total market?
- How will regional overhead wire measurement and inspection instruments market be influenced by political and regulatory factors?
This study is proposed for
- Associations/Manufacturers
- Technology Providers
- Government Agencies
Table of Contents
1 Market Abstract
2 Market Introduction
3. Research Practice
4 Key Related Data
5 Impact Factor Analysis
6 Market Development Analysis
7 Overhead Wire Measurement & Inspection Instrument Market, by Operation Mode
8 Overhead Wire Measurement & Inspection Instrument Market, by Type
9 Overhead Wire Measurement & Inspection Instrument Market, by Voltage Type
10 Overhead Wire Measurement & Inspection Instrument Market, by Data Collection
11 Overhead Wire Measurement & Inspection Instrument Market, by Railway Type
12 Overhead Wire Measurement & Inspection Instrument Market, by End-user
13 Overhead Wire Measurement & Inspection Instrument Market, Regional Analysis
14 Company Profile
15 Appendix
List of Tables
List of Figures
Executive Summary
Many countries have concentrated on increasing the speed limit of commercial lines in the new modern electric railways. Evaluating and tracking the performance of trains and their facilities prior to commercial service is important because of the rapid advancement of train, track, electrical power and signalling technologies. In other words, in order to ensure passenger safety, the effect of growing speeds of up to 400 km/h must be adequately measured. Therefore, in order to address the limitations of manpower induced by the complex structure and long operating intervals, effective inspection technologies have been of interest.In the electricity sector, overhead Lines plays an important role. They are the oldest and the most common transmission technique used worldwide to transport electrical energy, and in particular, transport bulk energy over large distances on land, until today.
Overhead contact lines (OCLs) serve as one of the interfaces for the constant supply of power to running trains, among the many components of high-speed electric railways. However, the system is subjected to various mechanical and electrical effects due to OCL's physical structure. These factors, reflecting the efficiency of the current collection, can be summarized in main parameters such as contact force and pantograph, contact loss rate, arcing percentage, and contact wire uplift.
In order to preserve the usual operating conditions of the overhead line of electrified rail, they must be continuously monitored using special diagnostic equipment. The inspection by an electric inspection car of the overhead contact lines contributes to the quality of maintenance work. The electric inspection car offers high accuracy and eliminates the need for periodic system calibrations. In addition, this electric inspection vehicle allows measurements to be made during the day, even though there is lack of impact of sun light.
The global overhead wire measurement and inspection instruments market size is estimated to be USD 81.0 million in 2020 and is projected to register a CAGR of 6.5% to reach USD 133.9 million by 2028. But due to the covid-19 impact, the market size estimation has fallen down to USD 79.85 million in 2020 and is projected to register a CAGR of 4.8% to hit USD 116.11 million by 2028.
The growth of the market is expected to be driven by the expansion of the high-speed rail network, generating the need for overhead lines, high reliability and protection of overhead wire measurement and inspection instruments, and energy-efficient rail transport. In addition, rapid industrialization and urbanization is another primary driver for the growth of the overhead wire measurement and inspection instruments market.
Most developing and developed countries are concentrating on expanding their rail network for a better standard of living and economic development. In addition, urban rail transportation, such as metro and trams, has emerged as a reliable means of urban transport. Many urban rail projects are currently underway and are expected to be completed in the coming years.
Several major rail companies are working to develop power transmission technology around the globe. The respective rail authorities of the countries have introduced the use of overhead wire measurement and inspection instruments for the service of the metro rail transit system. Therefore, it is anticipated that over the forecast period, the overhead wire measurement & inspection instrument market will have lucrative growth opportunities.
The global overhead wire measurement and inspection instruments market has been segmented as operation mode, type, voltage type, data collection, railway type, and end-user
Based on the operation mode, this market is classified into contact less and contact. The contact less segment is anticipated to account for the largest share of around 66% in the global overhead wire measurement and inspection instruments market in 2020. This segment is estimated to be valued at USD 53.51 million in 2020 and is projected to grow at a CAGR of 7.0% during the forecast period to reach USD 91.92 million by 2028.
But due to the impact of covid-19 on the market, the estimated value of the contact less segment has fallen down to USD 52.72 million in 2020 and is projected to register a CAGR of 5.3% during the forecast period to hit USD 79.70 million by 2028.
The high detection performance and high measurement accuracy offered by the contact less operation mode is anticipated to drive the growth of the market. Furthermore, this measuring instrument can be easily mounted on trucks, maintenance vehicles, electrical inspection cars, and commercial train-sets for measurement & inspection purposes. This will further propel the growth of the overhead wire measurement and inspection instruments market.
Based on the type, the global overhead wire measurement and inspection instruments market is categorized into distance, position, and stagger. The stagger segment is anticipated to account for the largest share of around 44.2% in the global overhead wire measurement and inspection instruments market in 2020. This segment is estimated to be valued at USD 35.83 million in 2020 and is projected to grow at a CAGR of 7.1% during the forecast period to reach USD 62.13 million by 2028.
But due to the impact of covid-19 on the market, the estimated value of the stagger segment has fallen down to USD 35.30 million in 2020 and is projected to register a CAGR of 5.4% during the forecast period to hit USD 53.87 million by 2028.
An excessive contact wire stagger or sag can lead to a pantograph dewirement (the pantograph comes off from the contact wire) that can result in the loss of the overhead contact line. Extreme weather conditions or bad installation of equipment may cause a bad positioning of the contact wire. As a result, infrastructure maintainers organize frequent inspections to measure the height and the stagger of the contact wire for safety purposes. The demand for reflective ultrasonic sensors, which can measure contact wire height and stagger up to 160 km/h, has therefore increased.
Based on the voltage type, the global overhead wire measurement and inspection instruments market is segregated into low, medium, and high. The high voltage segment is anticipated to account for the largest share of around 75.6% in the global overhead wire measurement and inspection instruments market in 2020. This segment is estimated to be valued at USD 61.33 million in 2020 and is projected to grow at a CAGR of 7.0% during the forecast period to reach USD 105.24 million by 2028.
But due to the impact of covid-19 on the market, the estimated value of the high voltage segment has fallen down to USD 60.43 million in 2020 and is projected to register a CAGR of 5.3% during the forecast period to hit USD 91.24 million by 2028.
The presence of extra additional internal layers that help regulate the electric flow across the conductor, low transmission losses across long distances, and economic benefit offered by these cables, are the factors anticipated to drive the growth of high voltage type overhead wire measurement and inspection instruments market.
Based on the data collection, the global overhead wire measurement and inspection instruments market is bifurcated into manual and automated. The automated segment is anticipated to account for the largest share of around 76.4% in the global overhead wire measurement and inspection instruments market in 2020. This segment is estimated to be valued at USD 61.95 million in 2020 and is projected to grow at a CAGR of 7.3% during the forecast period to reach USD 108.90 million by 2028.
But due to the impact of covid-19 on the market, the estimated value of the automated segment has fallen down to USD 61.04 million in 2020 and is projected to register a CAGR of 5.6% during the forecast period to hit USD 94.42 million by 2028.
The rising number of issues associated with manual inspection, as notified by the research community, in terms of quality management and product maintenance are expected to drive the automated data collection segment of the global overhead wire measurement and inspection instruments market. Furthermore, automated data collection offers high operational safety, proper maintenance schedule, and low operating costs, which are further propelling its demand.
Based on the railway type, the global overhead wire measurement and inspection instruments market is segregated into bullet train, heavy rails, metro rails, and others. The heavy rails segment is anticipated to account for the largest share of around 38.5% in the global overhead wire measurement and inspection instruments market in 2020. This segment is estimated to be valued at USD 31.25 million in 2020 and is projected to grow at a CAGR of 6.6% during the forecast period to reach USD 52.07 million by 2028.
But due to the impact of covid-19 on the market, the estimated value of the heavy rails segment has fallen down to USD 30.79 million in 2020 and is projected to register a CAGR of 4.9% during the forecast period to hit USD 45.14 million by 2028. However, the metro rail segment is expected to grow with the fastest CAGR of 4.9% over the forecast period.
Growing demand for heavy rails in densely populated urban areas, where a large section of the population mostly chooses to travel towards and inside the metropolitan area of a major city with heavy railways, is anticipated to drive the growth of the heavy rail segment. Furthermore, it offers sophisticated speeds and greater capacity than other modes of transportation, and the cost is also significantly less per passenger. In addition, governments of various countries have implemented legislations to strengthen the safety features of such railways, which is expected to fuel the growth of the heavy rail segment of the global overhead wire measurement and inspection instruments market.
Based on the end-user, the global overhead wire measurement and inspection instruments market is classified into wire manufacturer and railway utility providers. The railway utility provider segment is anticipated to account for the largest share of around 79.4% in the global overhead wire measurement and inspection instruments market in 2020. This segment is estimated to be valued at USD 64.40 million in 2020 and is projected to grow at a CAGR of 7.1% during the forecast period to reach USD 111.76 million by 2028.
But due to the impact of covid-19 on the market, the estimated value of the railway utility provider segment has fallen down to USD 63.45 million in 2020 and is projected to register a CAGR of 5.4% during the forecast period to hit USD 96.90 million by 2028.
Growing requirement of railway utility providers in developed as well as developing countries to meet the needs of growing urbanization & industrialization across these countries will be driving the growth of the railway utility provider segment over the forecast period.
The railway utility providers are committed to future progress by consistently achieving technological breakthroughs in terms of environmental adaptability, safety, punctuality, comfort, and reliability of railway transportation.
By region, the global overhead wire measurement and inspection instruments market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The Asia Pacific region is anticipated to account for the largest share of around 39.5% in the global overhead wire measurement and inspection instruments market in 2020. This region is estimated to be valued at USD 32.05 million in 2020 and is projected to grow at a CAGR of 7.9% during the forecast period to reach USD 58.68 million by 2028. But due to covid-19 impact, the estimated value of the Asia Pacific region has fallen down to USD 31.6 million in 2020 and is projected to register a CAGR of 6.1% during the forecast period to hit USD 50.9 million by 2028.
In countries such as China, Japan, and India, the exponential expansion of electrified rail tracks has led to an increase in demand for overhead wire measurement and inspection instruments for rail applications, which, in turn, has increased the market growth in this region. In addition, the steady increase in urban rail and high-speed rail transit adoption in regional countries is resulting in market growth.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Siemens AG
- Meidensha Corporation
- Aarsleff Rail A/S
- Megger Group Limited
- Pfisterer Group
- Galland
- Eugania Rail Pacific
- Avery Weigh-Tronix LLC
- Selvistec Srl
- Chauvin Arnoux Metrix
- Elag Elektronik AG
- Steinmeyer Group
- Tvema
- Imenco As
- Mermec
