Press release
Key Trends Influencing the Growth of the Train HVAC Market in 2025: The Rise Of Strategic Partnerships In Train HVAC Development
Train HVAC Market Size
Train HVAC Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The steady increase in the size of the train HVAC market in recent years is noticeable. The market, which will be worth $14.17 billion in 2024, is projected to rise to $14.75 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.1%. Factors contributing to this growth during the historical period include the advancement of railway infrastructure, an increase in passenger rail use, an emphasis on energy efficiency, improved passenger experiences, and stringent regulatory standards and compliance.
Train HVAC Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the train HVAC market size is projected to witness substantial growth and is expected to reach $18.09 billion in 2029, with a compound annual growth rate (CAGR) of 5.2%. Factors contributing to the growth during the forecast period include the expansion of high-speed rail, emphasis on sustainability, increased urbanization and commuting, the incorporation of intelligent HVAC solutions, and the upgrading of current rail fleets. The forecast period will also see significant trends such as reduced noise in HVAC systems, implementation of variable refrigerant flow (VRF) technology, the shift towards all-electric HVAC systems, customization of HVAC systems for diverse train models, and international standardization of train HVAC components.
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What Are the Drivers Transforming the Train HVAC Market?
Advancements in the rail industry and thriving public transportation needs are expected to propel the train HVAC market's growth. HVAC systems, responsible for maintaining thermal comfort and high-quality indoor air (IAQ), are becoming essential due to a rise in demand for public transport, particularly trains. Improvements in the rail sector and significant investments are encouraging the public to choose train travel, which increases crowding and subsequently the need for HVAC systems to sustain excellent air quality. For instance, the UK's Office of Rail and Road reported that, from 1 July to 30 September 2022, Great Britain experienced a total of 359 million railway passenger trips, accounting for 80.3% of the 448 million trips made three years ago in the same quarter. This increased public transport usage consequently drives the train HVAC market.
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What Long-Term Trends Will Define the Future of the Train HVAC Market?
One significant emerging trend in the train HVAC market is the establishment of strategic alliances. Major corporations in this market are collaborating to advance its growth. For example, in October 2024, Winsupply, which is a US company involved in the distribution of heating, cooling, and industrial pipe, plumbing, and fittings, entered into a partnership with Trane Technologies, a company based in Ireland that operates in the train HVAC sector. This partnership has provided Winsupply Local Companies with more opportunities to expand and prosper in the HVAC industry. It also offers local enterprises the necessary resources and support to efficiently implement new HVAC technologies.
Which Segments in the Train HVAC Market Offer the Most Profit Potential?
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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Which Firms Dominate the Train HVAC Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Train HVAC Market?
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.
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