Rail Asset Management Market

Siemens (Germany) and Hitachi (Japan) are Leading Players in the Rail Asset Management Market

MarketsandMarkets forecasts the global rail asset management market size to grow from USD 9.4 billion in 2020 to USD 12.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.9% during the forecast period. Rail asset management solutions assist freight managers, passengers, rail operators, and infrastructure managers in addressing issues, such as improvement in service availability; performance and utilization for mobile, fixed, and linear assets; increased reliability and punctuality, along with reduced service failures and delay minutes; and minimized asset costs. The solutions further help reduce operational costs of infrastructure assets, such as signals, electrification systems, rail tracks, and rolling stocks. It also helps ensure top-notch performance, which elevates the reliability of rail services.

The key and emerging market players in the rail asset management market include Siemens (Germany), Hitachi (Japan), Alstom (France),  IBM (US), Wabtec (US), SAP (Germany), Capgemini (France), Cisco (US), Huawei (China), Accenture (Ireland),  Trimble (US), Bentley Systems (US), Atkins (UK), DXC Technology (US), Trapeze Group (Canada), WSP (Canada), Tego (US), KONUX (Germany), L&T Technology Services (India), Cyient (India), Assetic (Australia), Machines With Vision (UK), Uptake (US), Delphisonic (US), ZEDAS (Germany), and OXplus (Netherlands) .These players have adopted various strategies to grow in the global rail asset management market.

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Siemens is a leading vendor in the rail asset management market. The company offers rail, road, and intermodal solutions for enhancing the existing transportation systems under the Siemens Mobility division. Siemens offers a robust solution portfolio for railway operations. In the rail asset management market, the company offers its key mobility services called Railigent. Railigent helps railway companies manage assets better and smarter by using predictive maintenance, helping them reduce life cycle costs through extended service and maintenance intervals. It allows condition-based monitoring that enables trains and infrastructure to become more intelligent, leading to greater efficiency. The Railigent open ecosystem offers more comprehensive asset management by integrating in-house and third-party applications.

Hitachi is a leading provider of railway solutions to the Japanese and global railway operators. Through the constant development, Hitachi Rail STS S.p.A, a Hitachi subsidiary operating in the railway systems business, continues to introduce the newest technologies in asset management. Hitachi offers the Hitachi Predictive Maintenance solutions in the rail asset management market. The solutions include rolling stock and early anomaly detection. Hitachi’s Predictive Maintenance solutions enable customers to deploy sustainable and repeatable maintenance solutions and an optimized asset life cycle maintenance plan. These solutions help increase efficiency by providing timely decision-making capabilities and environmental sustainability through the continuous monitoring of rolling stock and the rail infrastructure. The company offers services and solutions for public safety, renewable and sustainable energy, intelligent transportation, precision agriculture and manufacturing, and water treatment and building systems to its customers.

Related Reports:

Rail Asset Management Market by Offering (Solutions (Condition Monitoring, Predictive Maintenance, Security, Asset Planning & Scheduling) and Services), Application (Rolling Stock and Infrastructure), Deployment Mode, and Region - Global Forecast to 2025

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Report Code
TC 7440
RI Published ON
11/4/2020
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