The value of the global train lighting market will grow to USD 370.8 Million by 2025 from USD 330.8 Million in 2017 at a CAGR of 1.44% during the forecast period. Government requirements for train lighting, rising demand for comfort and luxury amenities inside the rolling stock, and an increase in various railway projects for metro trains, high-speed trains, and renovated trains are all expected to drive market growth.
LED technology is estimated to have the fastest growth in train lighting market
When compared to other technologies, LED technology is anticipated to expand at the highest rate between 2017 and 2025. Due to its advantages in terms of energy efficiency and environmental friendliness, LED lights are being installed in trains by railway associations all over the world. Additionally, LEDs are widely employed in rolling stock, including light rail, DMUs, and metros. The market for LED lights is anticipated to grow as a result of the rise in demand for this rolling stock and the rise in interior lighting applications. Increased high-speed train projects and forthcoming projects like the hyperloop are thought to be some of the factors affecting future LED demand.
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Cabin lighting is projected to have the largest demand in train lighting applications
According to application, the cabin lights market segment is anticipated to be the largest. Cabin lights give the driver’s cabin a balanced amount of light while also preventing glare on the windscreen and computer LCD screens. As a result, the demand for locomotives in various nations is directly correlated with the need for these lights.
Infrastructure development and government mandates for lighting units would drive the Asia Oceania train lighting market
The Asia-Oceania region includes both developed countries like Japan and growing economies like China and India. One of the largest rail systems in the world is that of China and India. India has a track length of 100,000 km, while China has a track length of 250,000 km. Japan has a 27,268 km long track. In general, passenger trains are the primary means of transportation in China, South Korea, and India, whereas high-speed rail and metro trains are the most popular in Japan. As a result, the market expansion in this area has been fueled by the increased utilization of various types of rolling stock, which has led to varying lighting requirements.
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Key Market Players
The key companies profiled in the study are Toshiba (Japan), General Electric (US), Hitachi (Japan), Koito (Japan), Federal-Mogul (US), Osram (Germany), Grupo Antolin (Spain), Dräxlmaier (Germany), and Teknoware (Finland).
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