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Metro Rail Infrastructure Market Trends

Report ID: GMI8644
Published Date: Mar 2024
Report Format: PDF

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Metro Rail Infrastructure Market Trends

Metro rail systems are increasingly adopting advanced technologies to enhance efficiency, safety, and passenger experience. This includes the integration of smart sensors, Internet of Things (IoT) devices, and real-time data analytics to optimize operations, improve maintenance practices, and provide predictive maintenance capabilities.

In a recent turn of events, Chennai Metro Rail Limited (CMRL) announced that a new LCD-based dynamic route map display system, equipped with comprehensive information, will be implemented in Metrorail trains operating within the 54 km network encompassing phase I and the phase I extension project. This innovative digital display is designed to exhibit crucial details such as the train's present location, upcoming station, distance between stations, and nearby landmarks. CMRL officials emphasize that these maps are tailored to offer commuters as much relevant information as possible.

Additionally, innovations such as automated train control systems, driverless trains, and contactless fare payment systems are becoming more prevalent, offering greater reliability, safety, and convenience to passengers, favoring the growth and expansion of the metro rail infrastructure industry.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of metro rail infrastructure reached USD 46.8 billion in 2023 and is set to witness 6% between 2024 and 2032, attributed to rapid urbanization and population growth across several economies.

The elevated segment held a major market share of around 49% in 2023 and is expected to grow significantly through 2032, as they offer greater flexibility in route planning, allowing for easier integration with existing infrastructure.

Asia Pacific market accounted for 36% revenue share in 2023, attributed to burgeoning population and rapid urbanization, along with the significant transportation challenges, including congestion and pollution.

ABB, ACS Group, ALSTOM SA, Balfour Beatty plc, CRRC Corporation Limited, Hitachi, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Siemens AG, and Vinci SA.