Global Mainline Electric Multiple Unit (MEMU) Market: Industry Analysis and Forecast (2020-2026)


Posted June 17, 2021 by mbkashid

Global Mainline Electric Multiple Unit (MEMU) Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 9.3% during the forecast period.

 
Global Mainline Electric Multiple Unit (MEMU) Market size was valued at US$ XX Mn in 2019 and expected to reach US$ XX Mn by 2019 at a CAGR of 9.3% during the forecast period.

The Global Mainline Electric Multiple Unit (MEMU) market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Mainline Electric Multiple Unit (MEMU) report also provides trends by market segments, technology, and investment with a competitive landscape.

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Global Mainline Electric Multiple Unit (MEMU) Market Overview:

Most of the passenger bogeys are pulled or pushed by locomotive but in the EMU system, each bogey or passenger car is electrically powered using separate electric units embedded in the system. The locomotive used in the mainline electric multiple unit system also consists of a traction motor and electric signal units to control the driving coaches. In addition, MEMUs do not need any locomotive as each driving unit is powered with traction electrics. MEMUs are mainly used for sub-urban areas and metropolitan areas. Similar sizes of the coaches and dimensional stability of the train units used in the system are the factors boosting the demand for MEMU in the market.

Moreover, increasing demand for electric powered train units owing to increasing urbanization in the developing economies and high adaptation of the MEMUs in short and medium distances are the factors considered to drive the market growth during the forecast period. According to Zuba Corporation, the MEMU market is expected to register a CAGR of approximately 6.2% during the forecast period.
Global Mainline Electric Multiple Unit (MEMU) Market Dynamics:

Increasing population and the need for traffic control in sub-urban areas are the key factors considered to drive the MEMU market growth. Furthermore, high distance completion (Up to 500 km) in less time is the key supporting factor considered to drive the market growth as many people going to jobs from sub-urban to urban areas are highly dependent on the MEMUs. Recently Indian Railways has purchased more than 300 MEMUs from BEML in 2020 owing to the increasing no. of passengers in the urban areas and rising popularity for MEMUs in the region.

High maintenance cost of the system and low no. of passenger bogeys are the factors considered to restrain the MEMU market growth during the forecast period. Moreover, high dependency of passengers in APAC and LATAM regions are the key challenge poising for manufacturers in the market.

GPS surveillance system in the MEMU is the key factor expected to create opportunities in the market for prominent manufacturers.
Global Mainline Electric Multiple Unit (MEMU) Market Segment Analysis:

Traction Motor is dominating the Mainline Electric Multiple Unit (MEMU) Market:

Increasing demand for an effective electric supply system for the trains and increasing use of alternating current for the locomotives are the key factors considered to drive the traction motor segment in the MEMU market. Traction motors used in the MEMUs are induction and asynchronous motors which are specially designed for traction purposes. Varying frequency and voltage control the torque of traction motors. According to RDSO Co., traction motors for locomotives was accounted for approximately 2.8 billion USD in the year 2019.
Alternating Current Segment is boosting the Mainline Electric Multiple Unit (MEMU) Market Sales:

Heavy use of electric AC motors in locomotives and increasing no. of generating stations in the developing regions are the key factors considered to drive the MEMU market growth. Moreover, increasing adoption of AC generator facilities on locomotive owing to high government support to locomotive facilities and efficient electricity generating methods are the factors considered to drive the AC segment in the MEMU market. Furthermore, the DC segment holds the major share in the Mainline Electric Multiple Unit (MEMU) market with approximately 24% market share owing to increasing no. of transmission lines in the developing regions.
Auxiliary Power Supply System in Mainline Electric Multiple Unit (MEMU) Market:

Auxiliary power supply systems are compact in size and perform intelligent operations for the locomotives. Moreover, the adoption of various voltage and high reliability of the system is the key supporting factors considered to drive the auxiliary power segment in the market. According to Aertec Solutions, the Auxiliary supply system segment was accounted for approximately 1.7 billion USD in the year 2019 and expected to dominate during the forecast period registering a CAGR of approximately 6%.
Impact of COVID pandemic on the Mainline Electric Multiple Unit (MEMU) market:

COVID pandemic posed heavy impact on Mainline Electric Multiple Unit (MEMU) market owing to delayed manufacturing activities and halting of public transportation units across the globe. Moreover, changes in dealer inventories and sudden disturbance in power sector facilities for transportation across the globe has induced a drop in the Mainline Electric Multiple Unit (MEMU) market. Furthermore, the unavailability of work force owing to stringent rules and regulations of social distancing has expected to hamper the market growth.

Steady demand for Mainline Electric Multiple Unit (MEMU) and growing manufacturing activities across the locomotive sector and increasing popularity of MEMU in sub-urban areas are the factors expected to create the positive atmosphere in the market. Moreover, intelligent systems for MEMU market owing to use of GPS passenger tracking system and LED indication system has adhered the growth of opportunities in the market.
Global Mainline Electric Multiple Unit (MEMU) Market Regional Insights:

The Asia Pacific holds the major share in the Mainline Electric Multiple Unit (MEMU) Market with approximately 52%. Increasing technological development in the market and increase in production capacity of the locomotive manufacturers owing to increasing strategic partnerships between governments and manufacturers are the key supporting factors considered to drive the market growth. Moreover, the popularity of AI embedded systems along with GPS surveillance system is the key factor attributing to growth in the market. China holds the major share along with India and Japan as prominent players are investing in the APAC region for high productivity and sales increment.

Europe is expected to pose as the fastest-growing region in the Mainline Electric Multiple Unit (MEMU) Market with approximately 23% market share. The abundance of domestic manufacturers and investment of key players in the market and commuter rail projects across the region are the key factors attributing to market growth. The UK holds a prominent share in the market as the country is emerging as the transportation hub across the globe.

North America holds the dominant share in the market owing to high technological adoption in the market and increasing planning and development for North America rail projects to connect LATAM region are the key factors considered to drive the North American regional market. According to Braithwaite and Co., approximately 400 MEMU units are manufactured and sold in the year 2019 owing to increasing government support to the rail projects across the region.

The objective of the report is to present a comprehensive analysis of the Global Mainline Electric Multiple Unit (MEMU) Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Mainline Electric Multiple Unit (MEMU) Market dynamics, structure by analyzing the market segments and project the Global Mainline Electric Multiple Unit (MEMU) Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Mainline Electric Multiple Unit (MEMU) Market make the report investor’s guide.

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Global Mainline Electric Multiple Unit (MEMU) Market Scope: Inquire before buying

Global Mainline Electric Multiple Unit (MEMU) Market, by Region

• North America
o US
o Canada
o Mexico
• Europe
o U.K
o France
o Germany
o Italy
o Spain
o Sweden
o CIS Countries
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o ASEAN
o Rest of Asia Pacific
• Middle East and Africa
o South Africa
o GCC Countries
o Egypt
o Nigeria
o Rest of ME&A
• South America
o Brazil
o Argentina
o Rest of South America
Global Mainline Electric Multiple Unit (MEMU) Market Key Players

• Zuba Corporation
• Burn Standard Ltd.
• Dawnsys Pvt. Ltd.
• Siemens AG
• Titagarh Wagons Ltd.
• Braithwaite Co. Ltd.
• Hyundai Rotem Co.
• Kawasaki Heavy Industries Ltd.
• Secheron SA
• BEML
• Gogoro Inc.
• BHEL
• ICF
• Rail Coach Factory
• Bombardier Transportation

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Issued By manisha
Country India
Categories Business
Tags mainline electric multiple unit memu market
Last Updated June 17, 2021