NEW
YORK, June 19, 2024 /PRNewswire/ -- The
global railway AC units market size is estimated to
grow by USD 3.38 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 6.09% during the forecast period. Growth
in urban mobility solutions is driving market
growth, with a trend towards increase in implementation
of high-speed railway lines. However, lack of private sector
participation hampering growth of railways in developing countries
poses a challenge. Key market players include Autoclima Spa a
socio unico, Blue Star Ltd., Coolair Logan, Daulat Ram, DENSO Corp., Gardner Denver, Hanon
Systems, Hitachi Ltd., Honeywell International Inc., Knorr Bremse
AG, LeeL Electricals Ltd., Liebherr International Deutschland GmbH,
Mitsubishi Electric Corp., Northwest Rail Electric, Songz
Automobile Air Conditioning Co. Ltd., Subros Ltd., The DC Airco Co.
BV, Toshiba Corp., Trane Technologies Co. LLC, and WESTINGHOUSE AIR
BRAKE TECHNOLOGIES CORP..
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Railway AC Units
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.09%
|
Market growth
2024-2028
|
USD 3383.1
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.64
|
Regional
analysis
|
Europe, North America,
APAC, Middle East and Africa, and South America
|
Performing market
contribution
|
Europe at
53%
|
Key
countries
|
Germany, US, France,
China, and UK
|
Key companies
profiled
|
Autoclima Spa a socio
unico, Blue Star Ltd., Coolair Logan, Daulat Ram, DENSO Corp.,
Gardner Denver, Hanon Systems, Hitachi Ltd., Honeywell
International Inc., Knorr Bremse AG, LeeL Electricals Ltd.,
Liebherr International Deutschland GmbH, Mitsubishi Electric Corp.,
Northwest Rail Electric, Songz Automobile Air Conditioning Co.
Ltd., Subros Ltd., The DC Airco Co. BV, Toshiba Corp., Trane
Technologies Co. LLC, and WESTINGHOUSE AIR BRAKE TECHNOLOGIES
CORP.
|
Market Driver
The global railway AC units market is poised for growth due to
the expansion of high-speed rail networks. Europe and Japan are leading investors in this
infrastructure, with China also
making significant contributions. The increasing demand for
air-conditioned railways in developed and emerging economies will
drive market growth. New adopters include Saudi Arabia, Morocco, and Denmark, among others. Despite the high cost
of construction, more countries are considering high-speed rail
networks, presenting opportunities for market expansion. By 2027,
the global high-speed railway network is expected to grow by over
25%, with China contributing
approximately half of this growth.
The Passenger Railway market is experiencing significant growth
in the use of Air-Conditioned Units. Comfort is a key factor in
rail travel, and passengers prefer AC units for a more enjoyable
journey. The demand for AC coaches is increasing in both developed
and developing countries. The trend towards modernization and
improvement of rail infrastructure is driving this growth. The
market for AC units is expanding in regions like Asia-Pacific and Europe. Economically, AC units are becoming
more affordable, making them accessible to a larger population.
Railways are investing in new technologies to make AC units more
efficient and eco-friendly. The demand for rail travel is expected
to continue, and the use of AC units will remain a significant
trend in the market.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
• The railway AC
units market faces challenges due to extensive capital investments
and regulatory constraints. In developing countries like
India, private sector involvement
is limited, hindering the adoption of new technologies for fuel
efficiency and power management. Encouraging private partnerships
can foster better investments and advancements in this sector,
contributing to the growth of the global railway AC units
market.
• The Railway AC
Units market faces several challenges in the implementation and
operation of these units. Decreasing edge technology, such as
Decline in Efficiency and Effectivity (DEE), and the need for
regular maintenance are major concerns. The high cost of production
and the challenge of meeting customer demands for affordable
pricing are also significant hurdles. Additionally, the increasing
demand for eco-friendly and energy-efficient solutions poses a
challenge for the industry. The integration of advanced
technologies like Artificial Intelligence (AI) and the Internet of
Things (IoT) can help address these challenges and improve the
overall performance and efficiency of Railway AC Units.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This railway ac units market report extensively covers market
segmentation by
- Type
- 1.1 AC Power Railway Air Conditioner Units
- 1.2 DC Power Railway Air Conditioner Units
- Application
- 2.1 Rapid transit vehicles
- 2.2 Locomotives
- 2.3 Railroad cars
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 AC Power Railway Air Conditioner Units- The
AC power segment dominates the global railway AC units market due
to its advantages in long-distance power transmission with minimal
energy losses. AC systems, which reverse direction, are preferred
for railway applications due to their simplicity and
cost-effectiveness in voltage conversion. Worldwide, 25kV AC
railway electrification systems are commonly used, particularly for
high-speed trains. The ease of utility frequency delivery and
cost-effective long-distance power transmission contribute to the
growth of the AC power railway air conditioner units segment in the
market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Railway AC Units Market encompasses the provision of
Heating, Ventilation, and Air Conditioning (HVAC) systems for
railways, specifically for logistics applications and passenger
coaches. These systems play a crucial role in maintaining desirable
Temperature and Humidity levels, ensuring Comfort during rail
traveling. The demand for such systems is on the Rise due to the
increasing preference for improved comfort in Rail Transportation.
The Assessment Period for the market spans several Assessment
Years, during which Absolute and Opportunity sizes are evaluated.
Product Lines within this market include Warm Air and Cooler Air
systems, catering to both Heating and Air Conditioning needs.
Ventilation control is another essential aspect of these systems,
ensuring proper circulation of air within the coaches.
Market Research Overview
The Railway AC Units market refers to the production, sale, and
installation of air-conditioned units for railway applications.
These units are essential for enhancing passenger comfort in
trains, particularly in hot and humid climates. The market for
Railway AC Units is driven by increasing railway infrastructure
development and growing passenger traffic. The units come in
various classes, including Executive Class, AC Three-tier, AC
Two-tier, and AC First Class. The technology used in these units
includes vapor compression, absorption, and hybrid systems. The
market also witnesses the adoption of energy-efficient technologies
to reduce operational costs and minimize environmental impact. The
demand for Railway AC Units is expected to grow significantly in
the coming years due to the expanding railway network and rising
passenger expectations for comfort.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- AC Power Railway Air Conditioner Units
- DC Power Railway Air Conditioner Units
- Application
-
- Rapid Transit Vehicles
- Locomotives
- Railroad Cars
- Geography
-
- Europe
- North America
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio