What Factors Propelled The Growth Of The Train HVAC Market In The Past?
The train hvac market has seen considerable growth due to a variety of factors.
• The market size for train HVAC has been witnessing consistent growth over the past few years. It is projected to escalate from $14.17 billion in 2024 to $14.75 billion in 2025, indicating a compound annual growth rate (CAGR) of 4.1%.
The historical growth could be linked to several factors such as expansion in railway infrastructure, rising passenger rail commute, emphasis on energy conservation, improved passenger comfort, and adherence to regulatory norms and standards.
What Is The Forecast For The Train HVAC Market By 2029?
The train hvac market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the train HVAC market is set to experience substantial growth, with its value projected to rise to $18.09 billion in 2029, following a compound annual growth rate (CAGR) of 5.2%.
This surge during the forecast period can be accredited to several factors like the expansion of high-speed railways, increased attention towards sustainability, the rise in urbanization and commuting, the incorporation of intelligent HVAC solutions, as well as the renovation of existing rail fleets. Key trends to watch for include minimizing noise levels in HVAC systems, the employment of variable refrigerant flow (VRF) technology, the shift towards all-electric HVAC systems, customization of HVAC systems to suit various train models, and uniformity in global train HVAC components.
Which Factors Are Boosting Growth In The Train HVAC Market?
The train HVAC market's growth is projected to surge due to the escalating need for public transportation. HVAC systems, known for providing thermal comfort and improving indoor air quality (IAQ), are becoming increasingly essential due to the rapid progression of the rail industry and significant sector investment. As a result, more people are choosing trains as their preferred mode of public transport. The ensuing popularity is leading to overcrowded trains and the demand for HVAC systems to ensure breathable air quality. As per the Office of Rail and Road, a UK organization charged with monitoring and independently controlling the economic and safety standards of Britain's railways, the latest statistics reveal 359 million railway passenger journeys (1 July to 30 September 2022). This corresponds to 80.3% of the 448 million journeys undertaken during the same time frame three years ago. Consequently, the rise in public transport requirements fuels the growth of the train HVAC market.
How Is The Globa Train HVAC Market Divided Into Key Segments?
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 (CO
2)
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 Trends Are Reshaping The Train HVAC Market?
The increasing trend of strategic alliances is gaining traction in the train HVAC market. Principal corporations involved in the train HVAC industry are teaming up for its growth. For instance, Winsupply, an American company specializing in the distribution of plumbing, heating, cooling, and industrial pipe, valves, and fittings formed a partnership with Trane Technologies, an Ireland-based train HVAC operation in October 2024. This collaboration provides Winsupply Local Companies with more chances for development and success in the HVAC field. It provides local businesses the required resources and support to adopt new HVAC technologies efficiently.
Who Are the Key Players in the 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
What are the Regional Insights into 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.
