Press release
Railway Wiring Harness Market Top Key Players - Hitachi Ltd., LS Cable & System, Adaptronic Prüftechnik GmbH, Leoni AG, Prysmian Group, Rockford Component Ltd., Samvardhana Motherson International Ltd., Furukawa Electric Co., Jiangnan Group
The railway wiring harness market is expected to be US $ XX Billion in 2020 and expected to grow at XX% by 2026. Some Important mega projects on-going are huge: Confed Line (Canada), Abuja Light Rail (Nigeria), German Unified Transport Project (Germany), AVE-Spanish High-Speed Rail Network (Spain), Sound Transit (USA), etc. Railway Harness System Impact on the market.Future projects such as Thessaloniki Metro (Greece) Cross Rail (UK), Sha Tin Central Link (Hong Kong), Grand Paris Express (France), Mumbai Ahmedabad High Speed Rail Corridor (India), etc. The projects mentioned and their sizes show just how promising this market is, now and in the future, to move from one place to another without stopping the migration.
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GLOBAL RAILWAY WIRING HARNESS MARKET DYNAMICS
• The world is changing every day, new projects are introduced for better transport and comfort, and people's needs are also one of the key drivers of the railway business. The world has started adopting the HSR (High-Speed Rail) system.
• According to International Railway Federation (UIC), global HSR routes are growing at a much faster rate than expected, with growth projected to be over 40,000 km by 2025. We're moving them by rail.
• Countries like India are already running many projects of Indian Railways, such as DFC, Metro, etc. in more than 5 cities, and improving their existing infrastructure to provide faster systems, new designs, more stable views. China has invested in more than 15 subway projects. European countries are promoting high speed transportation systems.
COVID EFFECT ON RAILWAY WIRING HARNESS MARKET
• Field work of the instrument is required to complete a project in this field, and these basics have been stopped for the sake of the pandemic. Neither party is required to announce the termination of work-related activities.
• After the blockade, the sharp decline in demand for coaches, waves, harness systems and new projects was not focused as the main objective was to get the country back on track and out of the fall of GDP. They have invested in their basic needs: food, medicinal purposes, and vaccine research and development. The country's stock market has been hit hard, causing other problems for multinationals listed on the market.
GLOBAL RAILWAY WIRING HARNESS MARKET SEGMENTATION
By Application
• HVAC
• Lighting
• Traction system
• Infotainment
• Engine
• Brake
By Material
• Aluminum
• Copper
• Other
By Train Type
• Monorail/Metro
• Light rail
• HRS/Bullet Train
By voltage
• High
• Medium
• Low
By Component
• Wire
• Connector
• Terminal
• Other
By Cable
• Transmission Cable
• Jumper Cable
• Power Cable
KEY PLAYERS OF RAILWAY WIRING HARNESS MARKET
• Hitachi Ltd.
• LS Cable & System
• Adaptronic Prüftechnik GmbH
• Leoni AG
• Prysmian Group
• Rockford Component Ltd.
• Samvardhana Motherson International Ltd.
• Furukawa Electric Co.
• Jiangnan Group
• TE Connectivity
• Nexans
• Sumitomo Electric Industries
• Taihan Electric Wire Co. Ltd.
• huber+suhner
• Kaynes Technology India Private Ltd
Read More Information: https://mobilityforesights.com/product/railway-wiring-harness-market/
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