As per Future Market Insights, Japan locomotive pantographs market share is projected to hold 5.2% revenue in the global market. The global locomotive pantographs market is anticipated to be worth US$ 712.5 billion in 2033.
Japan locomotive pantographs market is expected to benefit from increasing emphasis on sustainable and safe transportation solutions in the country. Government agencies across the country are introducing several measures to promote green and eco-friendly transport solutions, which will create a surging demand for efficient and safe locomotives. Introduction of stringent emission norms, in particular, is likely to drive the market for locomotive pantographs across Japan.
Japan-based companies operating in this sector are set to stay abreast of the latest emission regulations and introduce new technologies that comply with these regulations. Operators are also expected to invest in safety systems to ensure the safety of passengers, which is likely to increase demand for cutting-edge locomotive pantographs.
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For instance, automatic train control systems can reduce the risk of accidents by monitoring speed and distance between trains. Technologies such as positive train control and communication-based train control can further enhance safety of passengers. Increased adoption of these safety measures is expected to bolster demand for advanced and reliable locomotive pantographs in Japan.
Government agencies in Japan have also started investing heavily in railway infrastructure development and maintenance activities. This has led to a surging demand for new railway tracks and bridges, along with improved power supplies to meet the requirements of modernized rail networks. This need for improved power supplies has further augmented the demand for efficient locomotive pantographs that can be easily adapted to changing power needs.
Advancements in technology have enabled manufacturers in Japan to develop light and durable pantographs, resulting in low maintenance costs and increased fuel efficiency. This has further enhanced the appeal of these products among railway operators. Rising need for fuel efficiency, sustainability, and improved safety standards is hence expected to be one of the key drivers of the Japan locomotive pantographs market over the forecast period.
Key Takeaways from the Japan Locomotive Pantographs Market
- The global locomotive pantographs market is anticipated to be worth US$ 445.8 billion in 2022.
- The locomotive pantographs market is poised to expand at a steady CAGR of 4.8% throughout the forecast period.
- In the base year (2022), the locomotive pantographs market generated a valuation of around US$ 423.4 billion.
- High demand for sustainability and safety measures is projected to increase sales of locomotive pantographs in Japan.
“Rising demand for sustainability and safety precautions will provide an impetus to growth for locomotive pantograph demand in Japan. Hence, key players are likely to concentrate in innovating their product quality and offer fast locomotives for a safe journey,” says a lead analyst at Future Market Insights.
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Competition Landscape in the Japan Locomotive Pantographs Market
Key companies in the Japan locomotive pantographs market are launching innovative and high quality locomotives for providing a safe journey experience. These companies are also investing in research and development activities to introduce quality products for attracting a large client base.
Toyo Denki Seizo KK, Hunan Zhongtong Electric Co Ltd, and Daegu Metropolitan Transit Corporation are key companies in Japan locomotive pantographs market.
Recent Developments:
- In February 2022, a demonstration train that runs on hydrogen and incorporates a fuel cell system & storage battery was presented by East Japan (JR East) Railways. The Hydrocarbons Advance Railway Vehicles for Innovations, which is a two-car hydrogen fuel cell hybrid train, is said to be the first of its kind in Japan.
- In October 2020, Japan launched its new record-breaking bullet train, the N700S. It is capable of moving passengers to safety in case of an earthquake. The bullet train operates on the Tokaido Shinkansen line that connects Shin-Osaka station in Osaka and Tokyo station. It can run at a speed of around 360 kilometers per hour.
Key Segments
By Arm Type:
- Single Arm Pantograph
- Double Arm Pantograph
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By Shape:
- Diamond Shape (For DC rakes)
- Bow Type (For both AC & DC)
By Train Type:
- High Speed Train
- Mainline Train
- Freight Train
- Metro Train
- Others
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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