DUBLIN--(BUSINESS WIRE)--The "Train Lighting Market by Technology (Fluorescent, Halogen, LED, Xenon), Position, Rolling Stock (Diesel, Electric, DMU, EMU, Metros, Light Rail, Passenger & Freight Wagon), Application, Component & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Train Lighting Market was Valued at USD 330.8 Million in 2017 and is Projected to Reach USD 370.8 Million By 2025, Growing at a CAGR Of 1.44%
The major driving factors are the government mandates on lighting applications and infrastructural development for rail projects. These projects will increase the rolling stock use and hence the lighting demand. However, the limited demand for the rolling stock and government interventions in major countries are identified as the key factors hindering the growth of train lighting market.
Main lights segment of the Train lighting market is estimated to show the fastest growth in terms of value
Main lights segment is projected to grow at the fastest CAGR during the forecast period from 2017 to 2022. The growth is due to the increase in the demand for rolling stock across the countries. The main lights are mandated by the government to be installed in every rolling stock.
By technology, LED lights are estimated to have the largest share in train lighting market
LED technology is projected to have the largest share during the forecast period from 2017 to 2022. Railway associations around the globe are installing LED lights in trains because of its energy saving and environmental friendly benefits. Also, the LEDs are profoundly used in rolling stock such as metros DMU, EMU, and light rail. With the increase in demand for rolling stock, the market for LED lights is also projected to increase. The LEDs are also used in high-speed trains and the upcoming projects such as hyperloop as they are efficient in energy saving.
The key companies profiled in the study are as Toshiba (Japan), General Electric (US), Hitachi (Japan), Koito (Japan), Federal-Mogul (US), Osram (Germany), Grupo Antolin (Spain), Drxlmaier (Germany), and Teknoware (Finland).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Train Lighting Market, By Rolling Stock Type
7 Train Lighting Market, By Position
8 Train Lighting Market, By Application
9 Train Lighting Market, By Technology
10 Train Lighting Market, By Component
11 Train Lighting Market, By Region
12 Competitive Landscape
13 Company Profiles
- General Electric
- Grupo Antolin
For more information about this report visit https://www.researchandmarkets.com/research/cwtlwp/train_lighting?w=4