APS Market 2021
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 is 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 2030. 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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Major Key Players:
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.
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.
Market Segmentation
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
U.S.
Canada
Mexico
Rest of North America
Europe
France
The UK
Spain
Germany
Italy
Nordic Countries
Denmark
Finland
Iceland
Sweden
Norway
Benelux Union
Belgium
The Netherlands
Luxembourg
Rest of Europe
…
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