Press release
Global Train HVAC Market Worth $17.68 Billion by 2029, Growing at 5% CAGR
Train HVAC
Train HVAC Market Outlook: What Size And CAGR Are Anticipated By 2025?
In the past few years, the size of the train HVAC market has been progressively increasing. It is forecasted to rise from $14.17 billion in 2024 to $14.57 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 2.8%. The development in railway infrastructure, escalations in passenger rail travel, emphasis on energy efficiency, improved passenger experience, and the imposition of regulatory standards and compliance have all contributed to the historic growth.
What Is the Expected CAGR for the Train HVAC Market Growth Through 2029?
The market for train HVAC systems is expected to experience consistent growth in the coming years, expanding to a value of $17.68 billion by 2029 with a compound annual growth rate (CAGR) of 5.0%. This projected growth within the forecast period can be tied to various factors such as the expansion of high-speed railways, a greater emphasis on sustainable practices, rising urbanization and commuting patterns, incorporation of advanced HVAC solutions, and enhancement of existing railway fleets. Key trends predicted for this period include the reduction of noise in HVAC systems, utilization of Variable Refrigerant Flow (VRF) technology, the adoption of fully electric HVAC systems, custom-made HVAC systems to suit different train models, and the global standardization in the components of train HVAC systems.
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What Are the Primary Drivers Behind Train HVAC Market Growth?
The escalating need for public transportation is predicted to fuel the expansion of the train HVAC market in the future. A heating, ventilation and air conditioning (HVAC) system's mission is to provide thermal comfort and promote good indoor air quality (IAQ). The swift progress in the rail industry coupled with significant investment in the field is persuading people to choose public transportation, especially trains. This increased demand is leading to overcrowding in trains, leading to an immense requirement for HVAC systems for maintaining acceptable air quality. For instance, according to a report from the UK's Office of Rail and Road in December 2022, Great Britain saw 359 million passenger rail journeys during the recent period from 1st July to 30th September 2022. This figure represents 80.3% of the 448 million journeys taken three years ago in the same quarter. Consequently, the rising demand for public transportation is stimulating the growth of the train HVAC market.
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What Are the Key Segments Driving Train HVAC Market Growth?
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
What Are the Technological Trends Impacting the Train HVAC Market?
Forming strategic alliances is an emerging trend that is gaining traction in the train HVAC market. Numerous dominant companies within the train HVAC market are coming together to contribute to the market's progression. To illustrate, Winsupply, a U.S. based company specializing in the distribution of plumbing, heating, cooling, along with industrial pipes, valves, and fittings, established a partnership with Trane Technologies, a company based in Ireland that specializes in train HVAC, in October 2024. The outcome of this collaboration allows Winsupply Local Companies to uncover new potential for growth and success within the HVAC industry. Furthermore, it gives local companies the chance to harness necessary resources and receive the essential support required for the effective deployment of novel HVAC technologies.
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Who Are the Major Competitors in the Global Train HVAC Market?
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 Region Dominates the Train HVAC Market Share in 2025?
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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