Point Machine Market Size, Share, Growth, and Industry Analysis, By Type (Electric Point Machine and Electro-Hydraulic Point Machine), By Application (Railway, Subway, High-Speed Railway and Tram System), Regional Forecast To 2031

Updated On: 08 April 2024

Point Machine Market Report Overview

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The Point Machine Market size is expected to grow USD 1117.1 Million in 2022 to USD 1839.77 Million by 2031 at a Compound Annual Growth (CAGR) of 5.7% from 2022 to 2031.

The original points were manually actuated by levers. These eventually became centralized and were controlled by rods or double wire systems from a signal box. Railway administrations have long sought to extend the range at which remote turnouts may be operated because the limitations of mechanical operation limited the design of track layouts on the one hand and tended to demand more signal boxes, even seldom utilized ones, on the other. This necessitates some form of point and signal power operation. Hydraulic, pneumatic, and electric power sources are the main types of power operation.

Points have become stiffer and beyond the capability of mechanical drives more recently due to the rise in rail weight and the introduction of high-speed turnouts with sharper angles needing numerous drives, forcing the introduction of point machines if not already done. An electric motor and gears are used in modern point machines to translate the motor's rotating action into the linear motion needed to switch the points. Additionally, the gear assembly offers the necessary transmission ratio for generating the force needed to move switch blades. The machine accomplishes the following tasks: switching blades in motion, cutting edge locks and locating the blades and demonstrating their position.

COVID-19 Impact: Recovery of The Automotive and Industrial Sectors to Maintain Market Growth

The world economy has been impacted by the abrupt global spread of COVID-19. Many wealthy nations have experienced economic losses as a result of the suspension of corporate operations. The global coronavirus epidemic has a significant impact on the switching reluctance motor market. For market participants in the worldwide market, the rising number of COVID-19 cases and closed enterprises has presented numerous obstacles. However, the unprecedented increase in electric car and machine sales has been observed following the recovery of the automotive and industrial sectors following the resumption of commercial operations and a drop in coronavirus infections globally. Globally active manufacturers have implemented cutting-edge strategies to boost sales of high-speed motors.

Latest Trends

"Suitability of High-Speed Operation to Augment Market Growth"

Because of its simple and durable design, switched reluctance motors are excellent for high-speed operation. It contains teeth on both the stator and the rotor; the winding is on the stator, and the rotor lacks winding and permanent magnets. This lowers costs and winding losses. Furthermore, it can work in tough environments, such as high temperatures near the engine, and it has a high starting torque and fault tolerance.

Point Machine Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into electric point machine and electro-hydraulic point machine.

In terms of product, electro-hydraulic point machine is the largest segment.

• By Application Analysis

Based on application, the market can be divided into railway, subway, high-speed railway and tram system.

In terms of application, high-speed railway is the largest segment.

Driving Factors

"Expanding Number of Market Participants to Provide Impetus To The Market"

Switched reluctance motors are being used more often in a variety of end-use industries, creating profitable potential for market participants. In the future years, the market is also anticipated to be driven by the expanding number of market participants around the world. The market is expanding as a result of technological developments, rising wireless technology use, and rising demand for high-speed, efficient, dependable, and energy-saving motors in sectors like automotive, construction, oil & gas, etc. Another possible benefit of switching reluctance motors is their capacity to operate in extremely hot environments. To grow their market share, industry participants should concentrate on overcoming obstacles in the switching reluctance motor market such acoustic noise and torque ripple effect.

"Energy-Efficient and Cost-Effective Features of The Machinery to Propel Market Growth"

Since high-speed motors are now smaller, lighter, and require less maintenance than earlier models, they are more energy-efficient and cost-effective. Reluctance motors may run at high speeds and have a highly rigid, strong rotor. Additionally, the rotor can run at somewhat high temperatures without damaging the gadget. Layers of ferromagnetic steel are sandwiched between equal layers of non-magnetic material to form the rotor. Switched reluctance motors are largely ideal for applications requiring high-speed operations due to their robustness, which contributes to their energy economy and dependable operation.

Restraining Factors

"High Maintenance Cost to Impede Market Expansion"

The point machine has a complex structure and a limited working life. It has a low driving safety rating and a high maintenance cost. As a result, the market is having problems growing because there are few potential buyers or appropriate demand. This is anticipated to constraint point machine market growth.

Point Machine Market Regional Insights

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"Asia-Pacific to Dominate the Market Due to Population Expansion"

During the projection period, Asia-Pacific is expected to grow at the fastest rate for point machine market share. Asia-Pacific is one of the largest and fastest-growing railway component markets. India is investing in rolling stock to modernize its rail transportation system. The Indian rolling stock market is steadily growing as a result of population expansion, intercity trade and commuting, upcoming metro projects (13 operational, six under construction, seven in planning, and eight in proposed stages), and extension of current lines.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Voestalpine Railway Systems (Thailand)
• Siemens (Germany)
• Vossloh (Germany)
• Alstom (Japan)
• Kyosan Electric (Italy)
• Hitachi Rail STS (France)
• Thales (India)
• CG Power (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.