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Wiring harness also known as cable assembly or wiring loom is a technique of laying down a set of wire in the specified manner throughout the skeleton or body or in infrastructure to transmit the signals or power from source to desired equipment.
Depending on application, the wire harness may extend from a few 100 meters to several kilometers. Binding a number of cables to harness helps them to secure the effect from vibration, abrasion, and moisture. The concept of wire harness becomes very important when it comes to sectors like automobiles, railways, aircraft, ship, etc.
Mobilization of population continuously towards an urban city in increasing the demand of public transportation. Countries like Spain, France, Germany, Japan and others have already developed their high speed railway transport system whereas countries like China and India are still expanding their high speed railway network throughout their country.
World is continuously changing day to day and new projects are introduced for better transport and comfort and the need of people is one of the main driving factors in the railway business as well. The world has started adopting the HSR (high Speed Rail) System.
According to the International Union of Railways (UIC) , the global HSR line is expanding at a much higher rate than expected and is expected to grow by more than 40000 km by 2025. Increase in traffic that is delaying and wasting the time of people is letting them to shift towards railways.
Countries like India have already run many projects for Indian railway like DFC, Metro developing in more than 5 cities, improving their existing infrastructure to make them feasible for high speed system, new design and more stable bogeys. China invested in more than 15 metro projects; European countries are promoting rapid transit systems.
Various countries have started adopting automated rail systems, driverless train transportation systems. Countries like India, China, UK, US, Mexico etc. are testing this system. The security system, latest and advanced equipment are being installed on trains for a better sense of security for people.
Electrification of railways came with some pros and cons as well. The power transportation line came up with a huge problem with phenomena known as corrosion due to environmental changes which require continuous maintenance. Otherwise the current and voltage flow can degrade the performance of railways equipment which may become a reason for increasing the maintenance cost.
As to complete the project in this sector the onsite work on equipment is required, these basics were halted due to pandemic. The companies had to announce closure of their work related activities.
After the lockdown the sharp decline in the demand of the coaches, bogeys, harnessing system and new project was not in focus by countries because their main objective was to bring their countries back on track and take them out of decline in GDP. They invested in basic needs like food, medicinal purposes, R&D for vaccines. The stock market of countries took a big hit, which led to another problem for MNCs listed in the market.
Raw material prices have fluctuated a lot during this period and it is also affected by the daily market of countries all over the world, this phenomenon makes this market the most uncertain.
Now the world is coming toward the surface from the depth of COVID crisis. The companies are expecting to get orders from different countries’ governments so that they may overcome their losses in the near future.
The railway wiring harness market is expected to be US $ XX Billion in 2020 and expected to grow at XX% by 2026.
Some important megaproject that is going on like Confederation line (Canada), Abuja Light Rail (Nigeria), German Unification transport Project (Germany), AVE – Spain High speed railway network (Spain), Sound Transit (USA) and many other has huge impact on market of railway harness system.
Some upcoming projects like Thessaloniki Metro (Greece), Cross rail (U.K.), Sha Tin Central Link (Hong Kong), Grand Paris Express (France), Mumbai-Ahmedabad High speed rail corridor (India), etc. are going to increase the market in the coming future. The mentioned project and their size show how much potential is present in this market for the present and in the coming future because the migration never stops and moves from one place to another as well.
Asia pacific Market is expected to have the biggest bite in the railway wiring harness market by 2026. As developing countries like China and India are emerging at a faster rate in terms of GDP and their economic development sense, to increase the transportation load and decrease the time of travel the countries are continuously announcing dedicated projects throughout the country.
In recent development as well, a company named leoni has developed a new type of cable SPE (Standard single paired Ethernet). This company became the first to introduce this type of cable in the market.
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