Press release
Server Axle Counter Systems Market to Witness Robust Growth by 2029, Fueled by Smart Rail Infrastructure and Safety Innovations
Axle Counter Systems Market SizeThe global Axle Counter Systems revenue was US$ 628 million in 2022 and is forecast to a readjusted size of US$ 930 million by 2029 with a CAGR of 5.7% during the forecast period (2023-2029).
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Axle Counter Systems are used in rail yards to detect train cars as they are sorted. Axle counters are placed on the track before each switch and on each track that exits the switch. Rail yard management software uses occupancy data from the axle counters to lock switches and prevent cars from being routed to tracks that are occupied by other cars.
In India, the Axle Counter Systems revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
The main manufacturers of Global Axle Counter Systems include Siemens, Voestalpine,
Thales, etc. These top three manufacturers hold a market share about 45%. Europe is
the leading production region in the world, followed by China. In terms of application, the product is mainly used in railway.
This report focuses on global and India Axle Counter Systems market, also covers the segmentation data of other regions in regional level and county level.
India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.
By Type
• Rail Side Installation
• On-rail Installation
By Application
• Railway
• Urban Rail Transit
Key Companies
Siemens, Voestalpine, Thales, Frauscher, Alstom, CRCEF, Scheidt & Bachmann, Keanda Electronic Technology, Consen Traffic Technology, PINTSCH GmbH, Splendor Science & Technology, CLEARSY, ALTPRO
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