Switch Point Heating System Market 2019 Global Insights and Trends - Thermon, SAN Electro Heat, Eltherm GmbH

Global Statistics Representing Switch Point Heating System Market Scenario is a mechanical connection on railway tracks that are used to guide the wheels toward straight or diverging tracks. Whereas the switch point heating system is a device installed on railway tracks to meltdown the snow and ice that gets accumulated between the tracks. This heating system plays a crucial role in avoiding accidental situations, such as locomotive derailing. As per the statistical data reported by the Transportation Safety Board of Canada (TSB), non-main-track accidents, excluding accidents while crossing the railway tracks and those caused due to the presence of trespassers were to the tune of more than 77% of the total number of rail accidents reported in Canada in 2015.

The inland transport system in the Western countries witnessed a surge in investment by 42% in 2015. Similarly, the U.K. government invested 57% more amount than in 2015. In the same year, India, China, and the U.S. upped investments by 31%, 18%, and 38% respectively.

According to the China Ferroalloys Industry Association (CFIA), China produced around 26 million tons of stainless steel in 2018, which is up by 0.9% from 25.77 million tons in 2017. In June 2018, Chinese stainless-steel demand surpassed production. To facilitate efficient performance, switch point heating systems utilize various methods, including electric heating, liquid heating, and gas heating. Presently, electric heating is one of the most popular methods used in switch point heating systems.

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The Major Players Covered in this Report: Thermon, SAN Electro Heat, Eltherm GmbH, PINTSCH GMBH, NVent (Erico), Thermal-Flex Systems, Inc., Huikeshoven BV, GrayBar Ltd., HEAT TRACE, and Caloplex GmbH., & More...

By Type, Galvanized steel, Chrome Nickel Steel, Others,
By Application, Trains, Subways, Others

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Switch Point Heating System in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Switch Point Heating System market during the forecast period 2019-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Switch Point Heating System and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of the Switch Point Heating System. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

What are Market Drivers?
Increasing Technological Advancements in Switch Point Heating Systems
Increasing Rail Accidents due to Accumulation of Snow on Tracks

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Key questions answered in this report:
What will be the market size by the end of the forecast period?

What are the factors driving the growth of the market?

What are the trends and developments that are likely to drive the growth of the market?

Who are the key players operating in the market?

What are the challenges, threats, and opportunities faced by the leading players?

What are the strengths and weaknesses of the key players of the market?

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