The global Rail Wheel Sensors market was valued at 11.69 Million USD in 2021 and will grow with a CAGR of 8.16% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Rail Wheel sensors are inductively acting sensors which detect the metal mass of the wheel flange and generate electrical impulses therefrom. Depending on the application a distinction is made between single wheel sensors for rolling stock detection and switching tasks as well as double wheel sensors for direction detection, axle counting and speed measurement. Currently, there are many producing companies in the world. The main market players are Frauscher Sensor Technology, Siemens, Honeywell, Pintsch Tiefenbach and so on. The production value of Rail Wheel Sensors is about 106713 K USD in 2016. Europe is the largest production regions of Rail Wheel Sensors, with a production value market share nearly 46.82% in 2016. The second place is North America; following Europe with the production value market share over 19.94% in 2016. Rail Wheel Sensors used for Rail Transport Line and Urban Rail Transit. Report data showed that 71.23% of the Rail Wheel Sensors market demand for Rail Transport Line in 2016. There are two kinds of Single Wheel Sensor and Double Wheel Sensor. Double Wheel Sensor is important in the Rail Wheel Sensors industry, with a Production market share nearly 64.06% in 2016.

By Market Verdors:

Frauscher Sensor Technology

Siemens

Honeywell

Pintsch Tiefenbach

Western-Cullen-Hayes Inc.

Fersil

Altpro

Shenzhen Javs Technology

Argenia Railway Technologies Inc.

Anhui Landun Photoelectron

Beijing Railtechcn Technology

Senchuan

By Types:

Single Wheel Sensor

Double Wheel Sensor

By Applications:

Rail Transport Line

Urban Rail Transit

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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