The Global Overhead Wire Measurement and Inspection Instrument Market was valued USD 84.2 million in 2021 and is anticipated to register a CAGR of 6.50% over the forecast period. In the electricity sector, overhead wire plays a crucial role. They are the oldest transmission technique that is used globally for transporting electrical energy and in particular transfer huge energy over large distances. Among the various components of high-speed electric railroads, overhead wire measuring serves as one of the interfaces for the provision of electrical power to drive trains.
The overall growth of the market is mainly driven by the expansion of the high-speed railway network, high reliability, generating the need for the railway network, energy-efficient rail transport, and protection of overhead wire measurement. Apart from this the rapid urbanization and industrial development are driving the global overhead wire measurement and inspection instrument market growth. Most of the developed, as well as developing nations, are concentrating on the expansion of their railway for economic development and a better standard of living. Additionally, urban railway transportation like trams and the metro has emerged as a proper urban transportation means. Several rail companies are making investments for the development of power transmission technology.
The developing and underdeveloped nations produce a greater number of overhead wire measurement and inspection instruments, which are not tested that can severely affect the market share of the key market players. These types of products act as substitutes and customers prefer them to buy as they are inexpensive. But they are unreliable.
TABLE 1: GLOBAL OVERHEAD WIRE MEASUREMENT & INSPECTION MARKET OVERALL SNAPSHOT
Impact Of COVID 19 On Global Overhead Wire Measurement & Inspection Instruments Market
The 2019 Coronavirus (COVID-19) pandemic has directly (e.g., illness and deaths among workers) and indirectly (e.g., decreased electricity sales) affected the electricity market, which in turn, is expected to limit the demand for overhead wires. The economic consequences of the pandemic have triggered many indirect impacts on the market. The long-term consequences are somewhat unpredictable, and they potentially depend on the final toll of the pandemic public health and the economy. Possible effects over the coming months include continued decreased sales of power, the serious incidence of electrical reliability, decreased payments of utility bills, and delayed or reduced investment activity in the industry.
Segmentation
The global overhead wire measurement and inspection instruments market has been segmented as the operation mode, type, voltage type, data collection, railway type, and end-user.
Figure 1. Overhead Wire Measurement Market Segmentation Overview
Global Overhead Wire Measurement and Inspection Instruments Market, by Operation Mode
Based on the operation mode, this market is classified into contact less and contact. The contact less segment is anticipated to account for the largest share in the global overhead wire measurement and inspection instruments market in 2020. A contactless measuring method for overhead wire measurement & inspection is developed to measure static positions of OCL lines from vehicles, using stereo image measurement and laser distance measurement. Since it is fully contactless, it can also be used to calculate wires not in contact with the pantograph, like overhead wires and auxiliary overhead wires. This method automates the measurement and quantification of condition diagnosis of long contact lines, and it has increased maintenance effectiveness significantly.
Global Overhead Wire Measurement and Inspection Instruments Market, by Type
Based on the type, the global overhead wire measurement and inspection instruments market is categorized into distance, position, and stagger. The stagger segment is anticipated to account for the largest share in the global overhead wire measurement and inspection instruments market in 2021. The position of the overhead wire that supplies electric power to the train is extremely important in terms of height above rail level and horizontal distance from the track's centre line. The current collections are optimised, and contact wire wear is minimised, when the wire is kept within its working limits. As a result, height and stagger calculations are an important part of overhead line maintenance. The most recent version of the overhead wire measuring, and inspection instrument system is the product of continual refinement in order to give a highly precise continuous recording system. This will propel the market growth.
Global Overhead Wire Measurement and Inspection Instruments Market, by Voltage Type
Based on the voltage type, the global overhead wire measurement and inspection instruments market is segregated into low, medium, and high. The high voltage segment is anticipated to account for the largest share in the global overhead wire measurement and inspection instruments market in 2021. High-voltage cables are used for both transmission and distribution of electric power at high voltages. High voltage wires are installed in the structural components of conductors, protective caps, and insulators. The key structural difference between high voltage cables and many other types of wires is the inclusion of additional internal layers in the insulated jacket that assist control the electric flow across the conductor. This reduces power losses in long-distance transmissions.
Global Overhead Wire Measurement and Inspection Instruments Market, by Data Collection
Based on the data collection, the global overhead wire measurement and inspection instruments market is bifurcated into manual and automated. The automated segment is anticipated to account for the largest share in the global overhead wire measurement and inspection instruments market in 2021. An automated gadget captures and transmits massive quantities of data that may be used to check overhead cables. This lays the groundwork for quickly constructing a work order that instructs the operators on what to do and where to go. This will allow operators to complete maintenance and repair work more quickly while also decreasing safety risks.
Global Overhead Wire Measurement and Inspection Instruments Market, by Railway Type
Based on the railway type, the global overhead wire measurement and inspection instruments market is segregated into bullet train, heavy rails, metro rails, and others. The heavy rails segment is anticipated to account for the largest share in the global overhead wire measurement and inspection instruments market in 2021. Heavy rail (also known as subway, fast rail, or rapid transit) is an electric railway with a dedicated right-of-way that transports several passengers at once. Tracks can be built underground (as in New York City) on the ground or on elevated buildings (as in Chicago), or on fenced-off tracks that do not cross highways. Heavy rail operates best in densely populated urban areas, where significant people like to travel to and within a big city's metropolitan region. Heavy rail requires a population of 3 million to 15 million people to be viable. It has a larger capacity and speed than other forms of transportation.
Global Overhead Wire Measurement and Inspection Instrument Market, by End User
Based on the end-user, the global overhead wire measurement and inspection instruments market is classified into wire manufacturer and railway utility providers. The railway utility provider segment is anticipated to account for the largest share in the global overhead wire measurement and inspection instruments market in 2021. Railway electrification has received a lot of attention to lessen the world's dependency on imported fuel energy and improve global energy security, as well as to provide an environmentally friendly, faster, and more energy-efficient means of transportation. For example, over the previous five years, the Indian government has approved a total of 204 electrification projects totalling 30490 RKM, resulting in considerable cost savings and a large decrease in carbon emissions.
Global Overhead Wire Measurement and Inspection Instrument Market, by Region
By region, the global overhead wire measurement and inspection instruments market is segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The Asia Pacific region is anticipated to account for the largest share in the global overhead wire measurement and inspection instruments market in 2021. In the Asia Pacific area, rising energy consumption is driving the expansion of the power transmission and distribution system, which is also boosting the market for overhead wire measuring and inspection instruments. Increased demand for low, medium, and high voltage overhead wire measuring and inspection instruments for infrastructure development is predicted to add to the need to update ageing power transmission infrastructure.
TABLE 2: GLOBAL OVERHEAD WIRE MEASUREMENT AND INSPECTION INSTRUMENT MARKET OVERVIEW
Recent Developments in The Global Overhead Wire Measurement and Inspection Instrument Market:
- October 2019: Imenco (U.S.) acquired Manoda (Europe) in Harstad, Norway. As a result of this acquisition, the foundry company will be modernised and expanded further with regard to oil & gas, aquaculture, and maritime industries.
- June 2019: Megger (UK) acquired Power Diagnostix (Germany). This purchase broadens Megger's capabilities, especially in the realm of partial discharge (PD) testing, where Megger can now provide diagnostic solutions for MV and HV electrical assets.
- September 2018: Megger Group Ltd. (UK) acquired the US-based Baker Instrument Company. Baker Instrument business has led the electrical motor testing industry, and therefore, such acquisitions help Megger Group Ltd enhance its business portfolio.
- December 2017: TVEMA (Russia) and 'Serbian Railway System' signed an agreement for the supply of the 'SEVER' self-propelled track geometry complex. In line with the most modern European and regional requirements, a self-propelled complex, adapted for Serbia, was to be built. In the future, the device can also be fitted with overhead line parameter monitoring, three-dimensional spatial scanning systems, geo-radar tracking diagnostics, rail NDT, and others.
FIGURE 3: GLOBAL OVERHEAD WIRE MEASUREMENT & INSPECTION MARKET (USD MILLION), 2021-2030
Market Segmentation
By Operation Mode
- Contact less
- Contact
By Type
- Distance
- Position
- Stagger
By Voltage Type
- Low
- Medium
- High
By Data Collection
- Manual
- Automated
By Railway Type
- Bullet Train
- Heavy Rails
- Metro Rails
- Others
By End User
- Wire Manufacturer
- Railway Utility Providers
By Region:
North America
- North America, by Country
- U.S.
- Canada
- Mexico
- North America, by Operation Mode
- North America, by Type
- North America, by Voltage Type
- North America, by Data Collection
- North America, by Railway Type
- North America, by End User
Europe
- Europe, by Country
- Germany
- Russia
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Europe, by Operation Mode
- Europe, by Type
- Europe, by Voltage Type
- Europe, by Data Collection
- Europe, by Railway Type
- Europe, by End User
Asia Pacific
- Asia Pacific, by Country
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia Pacific
- Asia Pacific, by Operation Mode
- Asia Pacific, by Type
- Asia Pacific, by Voltage Type
- Asia Pacific, by Data Collection
- Asia Pacific, by Railway Type
- Asia Pacific, by End User
Middle East & Africa
- Middle East & Africa, by Country
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
- Middle East & Africa, by Operation Mode
- Middle East & Africa, by Type
- Middle East & Africa, by Voltage Type
- Middle East & Africa, by Data Collection
- Middle East & Africa, by Railway Type
- Middle East & Africa, by End User
South America
- South America, by Country
- Brazil
- Argentina
- Rest of South America
- South America, by Operation Mode
- South America, by Type
- South America, by Voltage Type
- South America, by Mode of Data Collection
- South America, by Railway Type
- South America, by End User
Major Companies: In this report, the major companies studied are: Siemens AG (Germany), Meidensha Corporation (Japan), Aarsleff Rail A/S (Denmark), Megger Group Limited (UK), Pfisterer Group (Germany), Galland (Germany), Eugania Rail Pacific (Los Angeles), Avery Weigh-Tronix, LLC (US), Silvester srl (Italy), Chauvin Arnoux Metrix (Paris), ELAG Elektronik AG (Switzerland), Steinmeyer Group (Germany), Tvema (Russia), IMENCO AS (U.S.), MERMEC (Italy).
Objectives of this Report:
- To estimate the market size for the overhead wire measurement and inspection instrument market on a regional and global basis.
- To identify major segments in the overhead wire measurement and inspection instrument market and evaluate their market shares and demand.
- To provide a competitive scenario for the market with major developments observed by the key companies in the historic years.
- To evaluate the key factors governing the dynamics of the overhead wire measurement and inspection instrument market with their potential gravity during the forecast period.
- To evaluate the leading company-wise pricing analysis for the mentioned applications.
Key Questioned Answered in the Study:
- What are major growth drivers and market trends that are impacting the global overhead wire measurement & inspection instrument market?
- What is the market size both in terms of value and volume for the global overhead wire measurement & inspection instrument market?
- Who are the leading market players and who are the new market players that operate in the global market with an estimated market share?
- What are the future investment pockets and opportunities in the global overhead wire measurement & inspection instrument market?
- Major list of customers and potential futuristic customer list along with an estimated buying volume
- Impact of COVID-19 on the global overhead wire measurement & inspection instrument market
Customization:
- By sub-segment
- By client-specific country, type, and application market analysis
- Pricing analysis along with the potential list of customers
- Product-specific competitive analysis
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