Train HVAC Global Market Report 2023

“Train HVAC Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on train hvac market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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Where is the largest and fastest growing market for train hvac ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The train hvac market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 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)

• Companies Mentioned: Siemens AG; Bombardier Inc.; Alstom SA; Kawasaki Heavy Industries Ltd.; Transmash holding AG

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the train hvac market are Siemens AG, Bombardier Inc., Alstom SA, Kawasaki Heavy Industries Ltd., Transmash holding AG, Stadler Rail AG, Hitachi Ltd., Faiveley Transport, Merak SA, Toshiba Infrastructure Systems and Solutions Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., Lloyd Electric Engineering Limited, Liebherr, and Northwest Rail Electric

The global train HVAC market is expected to grow from $13.15 billion in 2022 to $13.78 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The market is expected to reach $16.31 billion in 2027 at a CAGR of 4.3%.

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.

Train HVAC refers to heating, ventilation, and air conditioning, which includes the many systems used to move air between the interior and outdoor spaces as well as to heat and cool both residential and commercial structures. These are used to control the temperature of the train which helps to clean the air while also providing cool or warm air depending on the season.

Asia-Pacific was the largest region in the train HVAC market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main train types of train HVAC are passenger and freight. Passenger transport refers to the total number of passengers using inland transportation on a certain network. The major systems include vapor-cycle systems and air-cycle systems with components such as air dampers, blowers, compressors, condensers, inverters, evaporators, and other components. The various refrigerants include conventional refrigerants and natural refrigerants (carbon dioxide (CO2).

The increasing demand for public transport is expected to boost the growth of the train HVAC market going forward. The purpose of a heating, ventilation and air conditioning (HVAC) system is to offer thermal comfort and contribute to the maintenance of good indoor air quality (IAQ). Rapid development in the rail industry and a great deal of investment in the sector are enabling people to opt for public transport, especially trains. Due to this demand, trains are becoming crowded, and there is a huge need for HVAC systems to maintain a good quality of air. For instance, in December 2022, according to the Office of Rail and Road, a UK-based organization responsible for overseeing and independently regulating the economic and safety conditions on Britain's railways, in the most recent period, Great Britain saw a total of 359 million rail passenger trips (1 July to 30 September 2022). This is equivalent to 80.3% of the 448 million trips made in the same quarter three years earlier. Therefore, an increase in the demand for public transport drives the train HVAC market.

Strategic partnerships are a key trend gaining popularity in the train HVAC market. Major companies operating in the train HVAC market are collaborating for the development of the market. For instance, in July 2021, Honeywell, a US-based company operating in the HVAC market partnered with Trane Technologies, an Ireland-based company operating in train HVAC to accelerate the transition to a next-generation, environmentally preferable refrigerant by field testing Honeywell's Solstice® N41 (R-466A), N41 (R-466A), the first non-flammable-substitute-for-R-410A in the industry. As part of a one-year field trial, Trane would install and test Solstice N41 at three customer locations across the US. Furthermore, in March 2021, Liebherr, a Switzerland-based company operating in train HVAC, signed an agreement with Chengdu Xinzhu Road & Bridge Machinery Co. Ltd., a China-based to offer its recently built maglev urban transportation air conditioning systems.

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.

The countries covered in the Train HVAC market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

The train HVAC market research report is one of a series of new reports from The Business Research Company 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.