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According to a report released by Technavio, an international market research institution, the global railway system cable market is expected to grow by $2.
27 billion from 2021 to 2025, with a compound annual growth rate of 5.
28%.
The growing popularity of smart railways is one of the
key factors driving the market in the coming years.
With rising air travel prices and ongoing road transport congestion, smart rail transport is becoming a viable alternative
in both emerging and advanced economies.
Smart rail infrastructure is gaining traction
as it can transform rail networks.
As a result, the demand for cables for efficient railway systems is expected to increase
significantly in the future.
Railway system cables help to provide uninterrupted power
for various intelligent railway systems, including freight information systems, railway analytics, passenger information systems, etc.
The cables used in the railway system in the report include power cables, as well as signal and communication cables, and are compared and analyzed
by five regions: Asia-Pacific, Europe, North America, the Middle East and Africa, and South Africa.
According to the report, 46% of the growth of the market will come from the Asia-Pacific region during the
forecast period.
China and Japan are the main markets
for railway system cables in the Asia-Pacific region.
The market growth in this region will be faster than that in other regions
.
The growing construction of smart railways in emerging economies is one of the major factors that will boost the growth of
the railway system cabling market in the Asia-Pacific region during the forecast period.
However, factors such as fluctuations in raw material prices will have a certain limiting effect
on the growth of the market.
According to a report released by Technavio, an international market research institution, the global railway system cable market is expected to grow by $2.
27 billion from 2021 to 2025, with a compound annual growth rate of 5.
28%.
The growing popularity of smart railways is one of the
key factors driving the market in the coming years.
With rising air travel prices and ongoing road transport congestion, smart rail transport is becoming a viable alternative
in both emerging and advanced economies.
Smart rail infrastructure is gaining traction
as it can transform rail networks.
As a result, the demand for cables for efficient railway systems is expected to increase
significantly in the future.
Railway system cables help to provide uninterrupted power
for various intelligent railway systems, including freight information systems, railway analytics, passenger information systems, etc.
The cables used in the railway system in the report include power cables, as well as signal and communication cables, and are compared and analyzed
by five regions: Asia-Pacific, Europe, North America, the Middle East and Africa, and South Africa.
According to the report, 46% of the growth of the market will come from the Asia-Pacific region during the
forecast period.
China and Japan are the main markets
for railway system cables in the Asia-Pacific region.
The market growth in this region will be faster than that in other regions
.
The growing construction of smart railways in emerging economies is one of the major factors that will boost the growth of
the railway system cabling market in the Asia-Pacific region during the forecast period.
However, factors such as fluctuations in raw material prices will have a certain limiting effect
on the growth of the market.
