MarketResearchNest.com adds “Global Dragging Equipment Detector Market 2017-2021” new report to its research database. The report spread across 65 pages with table and figures in it.
Research analysts forecast the global dragging equipment detector market to grow at a CAGR of 5.29% during the period 2017-2021.
About Dragging Equipment Detector
A dragging equipment detector is used to detect objects that are struck and are being dragged by the train. The object being dragged hits the equipment installed on the railway track, and the detector sends an alert signal to the controller at the time of the impact. The dragging equipment detector also sends information about the length of the object that is being dragged based on the impact. Thus, objects such as air hose, pipes, or chains dragging beneath or by the side of the rails are identified while the train is running. Dragging equipment detector helps in avoiding derailment or any other train accidents as a result of objects being dragged. Further, the dragging equipment detector operates in such a way that when any objects hit the equipment, the circuit in the equipment breaks to alert the authorities about the dragging object. This alert signal is registered as a defect and flags the event as a fault to the operator as well as the instructor or driver of the train.
Covered in this report
The report covers the present scenario and the growth prospects of the global dragging equipment detector market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of dragging equipment detectors including the components such as cover, sensors, pole, end plate, kick plates, and mounting plate. It also provides data on different segments of the market based on end-users. The report also includes reinstalled dragging equipment detectors.
Browse full table of contents and data tables at https://www.marketresearchnest.com/global-dragging-equipment-detector-market-2017-2021.html
The market is divided into the following segments based on geography:
Technavio’s report, Global Dragging Equipment Detector Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Dragging Equipment Detector Market 2017-2021
Technavio recognizes the following companies as the key players in the global dragging equipment detector market: Metrom Rail, Inspired Systems, voestalpine SIGNALING Zeltweg, Inteletrack, On-Track Technology, and Ineco.
Commenting on the report, an analyst from Research team said: “The latest trend gaining momentum in the market is Growing demand for intelligent transport systems. The trains communication network is used for the transfer of information and communications. Gateways, sensors, and detectors are used for facilitating communication among networks. The dragging equipment detectors connect the nodes of the network and help to establish connectivity with the tracks and trains with the help of network elements such as nodes and other gateways. A gateway enables and provides effective control systems for trams, metros, high-speed trains, and locomotives.”
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According to the report, one of the major drivers for this market is Increase in PPP. Developed and developing economies around the world are currently in the process of adopting the public and private partnership (PPP) model for infrastructure projects. Cost savings and better risk sharing are the benefits of the PPP model that is particularly relevant to railway infrastructure. Private players will have a contract with government authorities for maintaining the railway infrastructures. These contracts ensure timely payment of dues so that the projects meet the delivery deadlines. The economic growth and development of a nation depend to a great extent upon the efficient rail transport system. High-speed locomotive lines substitute long-distance roadways and provide an efficient way to create demand for dragging equipment detectors in bulk.
Further, the report states that one of the major factors hindering the growth of this market is High initial investments. The capital investment required for the production of rolling stock and setting up the network in the initial stage is huge. The cost of expansion at a subsequent stage is also massive. The investment must cover the procurement of raw materials such as iron, electrical equipment, and machinery. The cash inflow for railway projects is high and difficult to gather. The companies involved in railway rolling stocks must have a strong financial structure or PPP structure.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain