Alstom, a leading player in the railway technology, would showcase its latest technologies at the Eurasia Rail from 10-12 April 2019 in Izmir, Turkey. The latest technologies include Coradia iLint, the world’s first hydrogen fuel cell powered passenger train, and Pendolino, a flexible and interoperable passenger rail solution for high-speed and conventional trains that run at a speed of up to 250 km/h. The company would also showcase services for trains, infrastructure, and rail control systems. The highly reliable APS technology reduces the light rail lines and helps in preserving the urban environment. Atlas Trainborne is another technology that offers multiple Specific Transmission Modules (STMs) for compatibility with conventional systems.
Technological advancements are likely to drive the railway industry
Technological advancements have allowed the railway industry to operate efficiently, leveraging state-of-the-art technology within the existing rail infrastructure. Passengers are now empowered with smart ticketing solutions, minimum waiting time using predictive analytics, and security improvements with a passenger information system (PIS). In the future, intelligent robots would be used to track, repair, and maintain railway infrastructure. Numerous product innovations are being carried out in the railway industry to ease the railway operations, traffic management, rail control, rail communication and networking, rail asset, rail analytics, rail security, and PIS.
Additionally, the railway industry is concerned about rising carbon emissions. Governments as well as passengers have increased the demand for convenient, eco-friendly, and safe modes of transportation. Various hybrid train manufacturers have increased their geographical presence and made considerable investments in HSR network. For instance, in January 2018, Alstom inaugurated a high-speed line in Spain that connects Madrid and Castellón with a very high-speed train S-100. With its versatility and interoperability features, the train is expected to run on the French railway network in addition to all Spanish high-speed corridors. The major characteristics of the S-100 train include comfort, punctuality, and high standards of safety. Thus, technological advancements are likely to boost the market.
MarketsandMarkets™ View Point:
Akshit Atreya - Research Analyst : Automotive & Transportation, at MarketsandMarkets™, shares his Point of View as mentioned below:
The railway industry is expected to increasingly rely on smart transportation systems that leverage technologies over a large rail network infrastructure to reduce its lifecycle cost. New services such as integrated security, asset management, and predictive maintenance are expected to improve timely decision making for issues like safety, scheduling, and system capacity. Various developments in the industry would help to expand the customer base, increase efficiency, and meet growing customer expectations. For instance, in January 2019, Alstom presented the first-of-its-kind hydrogen fuel cell train in Germany. Alstom presented its ready-to-use hydrogen technology in 6 federal states, demonstrating an emission-free alternative for non-electrified lines. Ongoing developments in operational philosophy and safety case will further close the gap between trains. The predictable and dependable braking and traction systems, remote and autonomous train control, and completely fail-safe route setting are part of ongoing developments in railway ecosystem. Henceforth, the developments of running trains closer together, predictable braking, minimal disruption to train services, track system innovations, data analysis, optimum energy use, and intelligent trains are expected to push the demand for trains across the globe and attract more passengers to public transport.
The solutions in the railway industry involve services such as remote diagnostic management, asset maintenance management, cab advisory, and others that have replaced the traditional ways of management. Companies such as Bombardier, Alstom, Siemens, Trimble, GE, Advantech, and Thales are the major players in the railway industry. These players have developed solutions that will improve the maintenance practices of all rail operators in significant ways. The global demand for rail vehicles is triggered by the growing population in urban areas. The expansion of the infrastructure network is expected to drive the demand for new rail vehicles. Increasing investments made by governments across the globe to develop rail system infrastructure are expected to create an opportunity for train manufacturers to expand their revenue stream and geographical presence. Countries such as Brazil, India, Russia, and China are set to witness increased production activity as a result of domestic demand, government support, and cost advantages.