What is Railway Air Conditioner Units?
The Passengers in a railway journey are badly affected by infiltration of air unpleasantly laden with dust owing to open windows. Furthermore, in some countries, the temperature varies from 46 degrees C during summer to 2 degrees C during winter. Air conditioner unit of railway coaches is, therefore, necessary to provide the maximum comfort as well as well-being to the passengers in railway travel. In keeping with the modern trend, air conditioning of coaches for upper-class travelers and lately even for lower class travelers has been introduced by the railways of different countries.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Liebherr Group (Germany), Faiveley Transport (France), Knorr-Bremse (Germany), Shijiazhuang King Transportation Equipment Co., Ltd (China), Thermo King (United States), Hitachi (Japan), Guangzhou Zhongche (China), New United Group (China), Toshiba (Japan) and Shandong Longertek Technology Co Ltd (China) |
CAGR | 3.1% |
The Global Railway Air Conditioner Units market is expected to see growth rate of 3.1% and may see market size of USD1180.0 Million by 2028. The study covers a detailed analysis segmented by key business segments i.e. by type (AC Power and DC Power) , by application (Rapid Transit Vehicles, Locomotives and Passenger Coaches) and major geographies. Research Analyst at AMA predicts that Chinese, German Players will contribute to the maximum growth of Global Railway Air Conditioner Units market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Railway Air Conditioner Units market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Liebherr Group (Germany), Faiveley Transport (France), Knorr-Bremse (Germany), Shijiazhuang King Transportation Equipment Co., Ltd (China), Thermo King (United States), Hitachi (Japan), Guangzhou Zhongche (China), New United Group (China), Toshiba (Japan) and Shandong Longertek Technology Co Ltd (China).
Influencing Trend:
The Rapid Upgradation of Energy Efficient Air Conditioner Units
Market Growth Drivers:
Rise in Demand of Public Transport by the Government, Increasing Demand for Comfort Zone While Travelling and The Growing Number of Trains Worldwide
Challenges:
Heavy Weight of Air Conditioning System
Restraints:
High Maintenance Cost and Mechanical Failure
Opportunities:
The Rising Numbers of Air Conditioning Enabled Trains in APAC Regions
Key highlights of the Global Railway Air Conditioner Units market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Railway Air Conditioner Units market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Railway Air Conditioner Units market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Railway Air Conditioner Units Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Railway Air Conditioner Units market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Railway Air Conditioner Units market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Railway Air Conditioning Units Manufacturers, Railway Air Conditioning Units OEMs, Railway Air Conditioning Units Traders/Distributors, Railway Air Conditioning Units Importer/Exporter, Regulatory & Government Bodies, Industry Associations and Downstream Vendors.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.