The Global APS market accounted for US$ 1164.23 Mn in 2020, and is expected to grow at a CAGR of 5.3% during the forecast years (2021-2029). The railways are among the most common and popular means of transportation in Asia Pacific. The transport segment encountered maximum growth in travel booking through online channels during 2017. The substantial increase in population along with growing urbanization in the Asia Pacific region have led to intensive investments from the regulatory authorities for the upgrade and expansion of existing rail infrastructure. Singapore Government, for instance, have announced the extension of their light rail and metro network to 360 km, which is more than double their current network, by 2029. In regards to the same, the Land Transport Authority (LTA) of the country aims to construct two new rail lines while simultaneously extending the existing three lines. In the first half of 2020, amidst the coronavirus pandemic, China invested about USD 46.3 Bn towards railway infrastructure. The country was able to successfully commence the operation of 1178km lines by July 2020, which comprised of 605km of high-speed rail infrastructure. Simultaneously, it has been reported that since 2020, the rail passenger traffic in India has increased by 200%. Major investments are also being diverted towards deployment of high-speed rail lines in the country by 2023. Hence, similar large-scale investments towards the development of railway infrastructure in the region is anticipated to supplement the growth of global APS market over the forecast period.
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The detailed study of the research has been providing both the qualitative and quantitative analysis of the global APS market. The global APS market has been analyzed for the supply as well as from the demand side, and supply side covers several of the key players in the market across the globe along with their presence in the regions and the demand side mainly covers the market revenue across the globe. The geographical analysis, which has been done is emphasizing on the large companies across the regions of North America, Asia Pacific, Latin America, Middle East and Africa, and Europe.
Key Findings of the Report:
- Increasing urbanization, which is accelerating the need for public transportation, is amplifying the demand for APS in the global market.
- The services pertaining to APS products including the repair and maintenance, along with operational services amongst others are anticipated to register highest growth rate over the forecast period.
- Metro rail showcase significant growth opportunities for global APS market over the period of next eight years. More than 35 cities across the countries, globally operate large-scale automated metro systems, wherein the deployment of APS is fundamental.
- The major players operating in the global APS market are ABB, Albiero Medha Power srl, APS Energia Group, Beijing Dinghan Technology Group Co., Ltd. (SMA Railway Technology GmbH), Bel Fuse Inc., Cegelec, Centum Adetel Transportation System, ENIKA Sp. z o.o., EVPÚ, a.s., Fuji Electric Europe GmbH, Hind Rectifiers Limited, Ingeteam Power Technology. S.A., Kiepe Electric GmbH (APS Kiepe), Knorr-Bremse Systeme für Schienenfahrzeuge GmbH, KONČAR – Electronics and Informatics Inc., MEDCOM Sp. z o.o., Mesar srl, Mitsubishi Electric Corporation, MSc, PowerTech Converter GmbH, Sepsa, Siemens Mobility GmbH, Toshiba Infrastructure Systems & Solutions Corporation, TOYO DENKI SEIZO K.K., TTM Rail – Transtech Melbourne Pty Ltd, Turbo Power Systems Limited, Wabtec Corporation and Zhuzhou CRRC Times Electric Co., Ltd. amongst others.
Global APS Market:
By Offering
- Products
- Services
- Repair & Maintenance Services
- Operation Services
- Others
By Type
- 750VDC
- 1500VDC
- 3000VDC
- 15000VAC
- 25kVAC
By Output Power (in kVA)
- Below 50 kVA
- 50 kVA to 100 kVA
- 100 kVA to 150 kVA
- 150 kVA to 200 kVA
- More than 200 kVA
By Cooling Type
- Air Cooling
- Natural Air Cooling
- Forced Air Cooling
- Liquid Cooling
By Mounting
- Under Floor
- Roof
- Others
By Application
- Light Rail Vehicles
- High Speed Trains
- Metros
- Locomotives
- Coaches
- Others
By Sales Channel
- Direct
- Indirect
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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