Train HVAC Global Market Report 2024

The train hvac market size has grown steadily in recent years. It will grow from $13.73 billion in 2023 to $14.37 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth observed in the historic period can be linked to the increasing development of railway infrastructure, a surge in passenger rail travel, heightened focus on energy efficiency, improvements in the passenger experience, and adherence to regulatory standards and compliance.

The train hvac market size is expected to see steady growth in the next few years. It will grow to $17.32 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The anticipated growth in the forecast period can be connected to the expansion of high-speed rail networks, a heightened focus on sustainability, the rise in urbanization and commuting demands, integration of smart HVAC solutions, and efforts to upgrade existing rail fleets. Significant trends expected in this period encompass noise reduction in HVAC systems, the utilization of variable refrigerant flow (VRF) technology, the adoption of all-electric HVAC systems, customization of HVAC systems tailored for different train types, and the drive towards global standardization in train HVAC components.

The expected growth of the train HVAC market is attributed to the rising demand for public transportation. Increased investments and development in the rail sector have led to a surge in train usage, resulting in crowded conditions. The need for efficient heating, ventilation, and air conditioning (HVAC) systems to maintain air quality in trains is evident from the Office of Rail and Road's data from December 2022, reflecting a significant increase in rail passenger trips.

The anticipated growth in the train HVAC market is closely linked to the increasing development of railway infrastructure worldwide. This development, encompassing the planning, enhancement, and construction of railway systems, necessitates advanced HVAC systems to ensure passenger comfort. Notably, The White House announced in December 2023 a substantial allocation of $8.2 billion to support significant passenger rail projects across the United States, emphasizing the crucial role of railway infrastructure development in propelling the train HVAC market.

Strategic partnerships represent a notable trend in the train HVAC market as major companies collaborate to drive market development. For example, in July 2021, Honeywell, a US-based HVAC company, partnered with Trane Technologies, an Ireland-based train HVAC firm, to accelerate the transition to environmentally preferable refrigerants. Honeywell's Solstice N41 (R-466A), the industry's first non-flammable substitute for R-410A, underwent a year-long field trial at three US customer locations, facilitated by Trane Technologies. Additionally, in March 2021, Liebherr, a Switzerland-based train HVAC company, partnered with Chengdu Xinzhu Road & Bridge Machinery Co. Ltd., a China-based entity, to introduce their maglev urban transportation air conditioning systems, expanding their market reach.

Major players in the train HVAC market are channeling efforts into pioneering solutions such as ultra-light air-conditioning systems. These systems, highly efficient and lightweight, find application in various sectors including automotive, aviation, portable devices, and smaller-scale environments. For example, in August 2021, Liebherr Transportation Systems (China) Co., Ltd., based in China, unveiled the 'MACS 10.0' modular air-conditioning systems designed for trains. This HVAC system boasts exceptional flexibility, integration, and modularization capabilities while maintaining a compact and low-profile structure. It fulfills the specific requirements for passenger transportation.

In November 2022, Trane Technologies, a US-based company operating in train HVAC systems acquired AL-KO Air Technology for an undisclosed amount. With this acquisition, Trane technologies company expands its platform of HVAC for railways and both companies would continue to help their customers achieve their goals for high-performance heating, cooling and ventilation, and indoor air quality. AL-KO Air Technology is a Germany-based company operating in train HVAC.

Major companies operating in the train hvac market report are Hitachi Ltd., Siemens AG, Midea Group Corporation, 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, Bombardier Inc., Transmashholding AG, Stadler Rail AG, Construcciones y Auxiliar de Ferrocarriles (CAF), Construcciones y Máquinas (CONYSA), Samvardhana Motherson International Limited, Merak SA, Faiveley Transport, Vossloh Kiefer AG, Lloyd Electric Engineering Limited, Airrex (Shenzhen) Group Co. Ltd., Northwest Rail Electric LLC, TrainCool Solutions LLC, HVACrail Solutions LLC.

Asia-Pacific was the largest region in the train HVAC market in 2023. The regions covered in the train hvac market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the train hvac market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Train HVAC systems primarily serve two main train categories: passenger and freight. Passenger transport involves the collective count of travelers utilizing inland transportation within a specified network. These systems comprise vapor-cycle and air-cycle mechanisms, incorporating critical components such as air dampers, blowers, compressors, condensers, inverters, evaporators, among others. Refrigerants utilized in these systems encompass conventional options as well as natural refrigerants, notably carbon dioxide (CO2).

The train HVAC market research report is one of a series of new reports that provides train HVAC market statistics, including train HVAC industry global market size, regional shares, competitors with a train HVAC market share, detailed train HVAC market segments, market trends and opportunities, and any further data you may need to thrive in the train HVAC industry. This train HVAC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The Train HVAC market consists of sales of split systems, hybrid systems, and duct-free systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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