Regenerative Braking System Market: An Insight On the Important Factors and Trends Influencing the Market

Regenerative braking system for train is a type of brake technology that is used in an electrically powered train to control and decelerate the speed of the train. When regenerative braking system in a train is employed, the current supplied to the electric motor is reversed leading to train deceleration.

The regenerative braking system in a train produces electricity by converting the kinetic energy of the rail vehicle, which is fed into the batteries of the rail vehicle and reverted to the third rail (accelerating in the adjacent area) or directed back toward the grid. The power generated from the regenerative braking system is directly proportional to the train speed and has the ability to reduce the energy requirement of the train by up to 30%. It is a mature braking system that can be applied more easily to AC powered trains, as compared to DC powered ones.

Railway transportation is generally considered a cost-effective, safe, and secure means of transportation, as compared to other modes of public transportation. This is primarily due to the lower number of accidents and fatalities. Demand for rail transportation is rising owing to its high accuracy and ability to cover large geographical areas in a short span of time. This is a key factor that is projected to propel the regenerative braking system market for train during the forecast period.

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Furthermore, increasing emphasis on cleaner, efficient, and environment-friendly energy resources in order to cater to the demands of the rising urban population and the need to curb pollution in cities and sub-urban areas are prompting a change in the way energy is generated, circulated, and disbursed, particularly by means of decentralized renewable energy production. This is another key factor that is estimated to boost the regenerative braking system market for train in the near future.

Additionally, support from governments and increase in planned future projects to expand train connectivity are driving the number of trains being used, thereby boosting the adoption of the regenerative braking system in order to enhance train security. This, in turn, is anticipated to propel the regenerative braking system market for train during the forecast period. However, a friction braking system is also included with a regenerative braking system in order to guarantee vehicle deceleration, which leads to loss of energy. This is a major factor that is likely to restraint the regenerative braking system market for train during the forecast period.

The global regenerative braking system market for train can be segment based on propulsion, train type, and region. In terms of propulsion, the regenerative braking system market for train can be classified into electric locomotive and hybrid diesel locomotive. The electric locomotive segment dominates the regenerative braking system market for train. This is primarily due to the rising demand for greener public transportation, necessity to curb transportation pollution supplemented with increasing government support. These factors are responsible for the growth of electric locomotive of regenerative braking system market for train during the forecast period.

Based on train type, the regenerative braking system market for train can be bifurcated into long distance train, high-speed train, sub-urban train, monorail, and metros. The sub-urban train segment leads the regenerative braking system market for train, due to the rising number of trains operating in urban and sub-urban areas. Long distance train is another lucrative segment of the market and holds a prominent share of the market, owing to a rapid surge in the demand for improved long destination connectivity across the globe.

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In terms of region, the regenerative braking system market for train can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific accounts for a prominent share of the global regenerative braking system market for train. This is primarily attributed to the higher rate of adoption of the train transportation for communication in the region.

Moreover, rising population and demand for transportation, especially for long-distance journeys are key factors that are anticipated to boost the demand for trains in Asia Pacific. This, in turn, is projected to drive the regenerative braking system market for train in the region during the forecast period. China, Japan, India, and South Korea in Asia Pacific account for large number of trains, which is another key factor that is expected to lead Asia Pacific to hold a significant share of the global market during the forecast period.

Prominent players operating in the global regenerative braking system market for train include ABB, Knorr-Bremse AG, SIEMENS AG, Thales Group, Wabtec Corporation, Akebono Brake Industry Co., Ltd., Faiveley Transport, Ansaldo STS, nabtesco corporation, and Saft.