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Growing Rate of Urbanization Expected to Drive the Monorail Systems Market

Growing Rate of Urbanization Expected to Drive the Monorail Systems Market

The straddle type monorail system is estimated to account for the largest share in the global Monorail Market. The primary advantage of straddle type monorail system is that they are easy to install even in the compact areas due to which construction of expensive underground lines can be avoided. Factors such as congestion in the city, technological advancement, space optimization, and urbanization are responsible for the growth of the Monorail Market. The market for maglev technology is expected to grow at a higher rate.

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45 views • 3 slides
Urbanization is Driving the Growth of the Suspended Monorail Systems Market

Urbanization is Driving the Growth of the Suspended Monorail Systems Market

Electric monorail systems are expected to hold the largest share, in term of value, in the global Monorail Market. This can be attributed to the growing need of efficient and effective public transport systems. Electric operated monorails systems are eco-friendly and cost effective as they produce zero emissions and have low installation cost. Monorail systems are much more energy efficient and easier to operate. The maglev monorails uses 30% less energy compared to a high-speed train travelling at same speed and are more efficient compared to current rail systems.

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38 views • 3 slides
Urbanization is Driving the Growth of the Suspended Monorail Systems Market

Urbanization is Driving the Growth of the Suspended Monorail Systems Market

The straddle type monorail system is estimated to account for the largest share in the global Monorail Market. The primary advantage of straddle type monorail system is that they are easy to install even in the compact areas due to which construction of expensive underground lines can be avoided. Factors such as congestion in the city, technological advancement, space optimization, and urbanization are responsible for the growth of the Monorail Market. The market for maglev technology is expected to grow at a higher rate.

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36 views • 3 slides

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