As per Future Market Insights, the USA locomotive pantographs market is poised to hold a share of 19.2% in the global market throughout the forecast period. In comparison to other economies, the USA has just 1% of its railway lines that are electrified. The global locomotive pantographs market is anticipated to be worth US$ 712.5 billion by 2033.
Spurring demand for energy-efficient locomotives is anticipated to fuel the need for efficient and technologically advanced electric locomotives. This, in turn, is driving locomotive pantograph sales across the USA. In the country, rail electrification is considered to be one of the most common methods of providing power to locomotives, which requires a network of overhead lines, electric traction motors, and other components such as pantographs.
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The USA market for locomotive pantographs is expected to be driven by various government initiatives and schemes, which aim to reduce the country’s dependence on imported technology. Government agencies across the country are investing huge sums in rail infrastructure development programs.
This is expected to further lead to an increasing demand for locomotive pantographs, which provide efficient transfer of electricity from power source to the train. With new regulations and technological advancements, efficient and cost-effective pantographs are being developed. These pantographs will provide an efficient solution for energy transfer, resulting in reduced energy losses and increased reliability.
Another key factor driving growth in the USA locomotive pantographs market is increasing need for efficient traction systems that can provide great power output while consuming less fuel. To meet this requirement, electric locomotives are increasingly being used in railway networks across the country. Pantographs help to ensure a constant and reliable connection between locomotives and power supply, thereby making them essential components of electric locomotives.
In conclusion, growth of rail electrification and government schemes will drive demand for locomotive pantographs in the USA. Increasing need for efficient traction systems and stringent emission norms are further expected to augment the USA market for locomotive pantographs.
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Key Takeaways from the USA Locomotive Pantographs Market
- The global locomotive pantographs market is anticipated to be worth US$ 445.8 billion in 2023.
- The locomotive pantographs market is expected to surge at a steady CAGR of 4.8% throughout the forecast period.
- In the base year (2022), the locomotive pantographs market was valued at US$ 423.4 billion.
- Expansion of rail electrification projects and government initiatives will provide an impetus to locomotive pantographs sales in the USA.
“Government agencies across the USA are set to plan new international, as well as trans-border train projects in the next ten years. Key companies are expected to launch new products equipped with advanced features for such innovative projects, which would drive locomotive pantographs demand,” says a lead analyst at Future Market Insights.
Competition Landscape in the USA Locomotive Pantographs Market
Key companies in the USA locomotive pantographs market are relying on introducing new pantographs that are highly flammable in weatherproof circular connection boxes. These companies are also investing in launching technologically advanced products to expand their market share.
Flexicon Corporation, Wabtec Corporation, and G&Z Enterprises Ltd are key companies in the USA locomotive pantographs market.
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Recent Developments:
- In August 2021, Atkore Inc.’s Flexicon, a manufacturer of flexible conduit, launched its brand-new FPIHRL heavy-weight nylon conduit, which is made to EN 45545-2 standard and has exceptionally high flame retardancy for rail sector. The company’s new Connectabox, an IP68/IP69 weatherproof circular connector box, and tried-and-true FPAU Ultra one-piece fitting line for the rail sector were also on display in hall 12, stand C46.
- In September 2021, Wabtec Corporation, a rail freight maker, officially introduced its latest iteration of what it terms “the world’s first battery-electric freight train.” Electric train, also known as FLXdrive Battery Locomotive, has made its formal premiere in Pittsburgh, Pennsylvania, and is no longer simply a prototype.
Key Segments
By Arm Type:
- Single Arm Pantograph
- Double Arm Pantograph
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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
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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