Press release
Growing Public Transport Demand Fuels Train HVAC Market Growth: An Emerging Driver Transforming The Train HVAC Market Landscape
Train HVAC
What Is the Expected Train HVAC Market Size During the Forecast Period?
In latest years, the size of the train HVAC market has been witnessing consistent growth. It is forecasted to expand from $14.17 billion in 2024 to $14.75 billion in 2025, with a compound annual growth rate (CAGR) of 4.1%. The factors contributing to the growth in this historic period include developments in railway infrastructure, increased usage of passenger rail travel, emphasis on energy efficiency, improved passenger experience, and adherence to regulatory standards.
The market size of train HVAC is anticipated to experience significant growth in the next several years. It is predicted to surge to $18.09 billion by 2029 at a compound annual growth rate of 5.2%. The reason for this increase during the predicted timeframe is due to the expansion of high-speed rail, the focus on sustainability, the rise in urbanization and commuting, the incorporation of intelligent HVAC solutions, and enhancement of existing rail fleets. In the same forecasted period, key trends involve the diminishing noise in HVAC systems, the employment of variable refrigerant flow (VRF) technology, the implementation of fully-electric HVAC systems, the customization of HVAC systems according to various train models, and international standardization of train HVAC components.
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What Are the High-Growth Segments in the Train HVAC Market?
The train HVAC market covered in this report is segmented -
1) By Train Type: Passenger, Freight
2) By Systems: Vapor Cycle Systems, Air Cycle Systems
3) By Components: Air Dampers, Blower, Compressor, Condenser, Inverter, Evaporator, Other Components
4) By Refrigerants: Conventional Refrigerants , Natural Refrigerant (Carbon Dioxide (CO2)
Subsegments:
1) By Passenger: High-Speed Trains, Commuter Trains, Light Rail Trains, Luxury Trains
2) By Freight: Standard Freight Trains, Intermodal Freight Trains, Refrigerated Freight Cars, Specialty Freight Cars
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What Key Drivers Are Expected to Influence Future Train HVAC Market Growth?
The anticipated rise in public transport needs is predicted to catalyze the expansion of the train HVAC market. An HVAC (heating, ventilation, and air conditioning) system's role is to supply thermal comfort and assist in maintaining satisfactory indoor air quality (IAQ). Rapid progress in the rail sector coupled with significant investment is encouraging the public to choose trains as a mode of transport. This surge in demand leads to crowded trains, hence the pressing need for HVAC systems to keep the air quality in check. For instance, the Office of Rail and Road, a UK-based organization tasked with monitoring and independently regulating the country's railway's economic and safety conditions, reported, in December 2022, a total of 359 million rail passenger journeys from 1 July to 30 September 2022 (which equates to 80.3% of the 448 million journeys made in the equivalent quarter three years prior). As such, the train HVAC market is propelled forward by the escalating demand for public transport.
Which Companies Hold the Largest Share Across Different Train HVAC Market Segments?
Major companies operating in the train HVAC market include Hitachi Ltd., Siemens AG, Mitsubishi Electric Corporation, Sumitomo Electric Industries Ltd., Honeywell International Inc., Toshiba Infrastructure Systems and Solutions Corporation, Škoda Transportation a.s., Valeo S.A., Carrier Transicold Ltd., Alstom S.A., Trane Technologies plc, Liebherr-International AG, Kawasaki Heavy Industries Ltd., Nippon Sharyo Ltd., Knorr-Bremse AG, Transmashholding AG, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles (CAF), Faiveley Transport, Lloyd Electric Engineering Limited, Airrex (Shenzhen) Group Co Ltd., TrainCool Solutions LLC, HVACrail Solutions LLC
What Trends Are Driving Growth in The Train HVAC Market?
The trend of strategic alliances is increasingly popular in the train HVAC market. Renowned ventures in this market are joining forces for its further improvement. For instance, Winsupply, a US firm that distributes plumbing, heating, cooling, and industrial pipe, valves, and fittings, formed an alliance with Trane Technologies, an Irish firm specializing in train HVAC, in October 2024. Due to this collaboration, Winsupply Local Companies can exploit more chances of expansion and success in the HVAC arena. This collaboration allows local enterprises to have the required resources and assistance to apply new HVAC technologies efficiently.
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What Are the Emerging Geographies for The Train HVAC Market Growth?
Asia-Pacific was the largest region in the train HVAC market in 2024. The regions covered in the train HVAC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Train HVAC Market?
2. What is the CAGR expected in the Train HVAC Market?
3. What Are the Key Innovations Transforming the Train HVAC Industry?
4. Which Region Is Leading the Train HVAC Market?
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