Impact of COVID-19 Outbreak on APS Market Size – Industry Share

  • APS Market Size 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

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