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Metro Train Lighting Market Segmented By train such as Man Metro Train Lighting System, Unmanned Metro Train Lighting System with position such as Interior Metro train Lighting Systems, Exterior Metro train Lighting Systems
Population growth, traffic congestion and expansion of cities have invariably called for a shift from private modes of conveyance to public transport such as metro trains. Metro trains are rapid transit systems used as a mode of transportation. They are used in metro cities or metropolitan areas that have a large population with high capacity and frequency. The increasing demand for metro trains is expected to indirectly spur the demand for metro train lighting.
Metro train lighting is used for various purposes in both external and internal applications such as finding track path, cabin interior and others. Furthermore, various types of lighting are used in rapid transit systems, such as halogen, fluorescent, xenon and LED.
However, the demand for LED lights is increasing in metro trains due to their low electricity consumption. Thus, the demand for LED lights is expected to proportionately will grow with the increase in the number of metro trains projects.
Attributing to continuous growth in urban population, congestion on roads, private vehicle ownership and fragility of public transportation systems, the demand for urban transit systems is increasing day by day. Moreover, increasing air pollution has become a serious concern and transportation has added much to it. Therefore, metro trains have become a good viable option, which in turn will spur the demand for metro train lighting systems.
Also, regulations related metro train lights coupled with increase in demand for comfort & luxury to drive the for metro train lighting system market. In addition, advancement in lighting solutions offers a new business opportunity for metro lighting system manufacturers. However, lack of standardization and high production cost are major challenges for manufacturers for metro train lighting system market.
Rapid urbanization around the world has resulted in the construction of more than dozens of new metros and subway systems or expansion of existing metro lines. Some of the ongoing metro projects are: Guangzhou Metro (China), Paris Metro (France), Madrid Metro (Spain), Tokyo Subway (Japan), and New York Subway to name a few.
According to estimates, around the world, 158 cities have metro systems and two-thirds of these networks are located in Europe and Asia (46 and 54 respectively). There are 18 systems in Latin America, 16 in both Eurasia and North America and 7 in the Middle East and North Africa (MENA) region. Also, the world’s busiest/biggest metro network is in Tokyo with approximately 3.5 Billion passenger journeys per year.
Over the year, Beijing and Shanghai have experienced even more significant passenger growth. In Asia, metro trains carry 80 Million of passenger per day, nearly half the world total. In North America and Western Europe, Paris and New York City have the highest ridership per year. Asia-Pacific and Eastern Europe train lighting markets are anticipated to register healthy growth despite economic uncertainties in the forthcoming years. Additionally, anticipated favorable economic growth in Brazil and Mexico is expected to lead to substantial market growth, due to improvements in infrastructure in the region.
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Examples of some of the market participants/vendors identified in the metro train lighting market across the globe are:
The research report presents a comprehensive assessment of the Metro Train Lighting market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Metro Train Lighting market segments such as geographies, application and industry.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Metro Train Lighting market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Metro Train Lighting market segments and geographies.