Market Overview:
The global rail heaters market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the global rail heaters market can be attributed to the increasing demand for passenger trains, freight trains, metros, and other applications across the globe. Additionally, the increasing adoption of electric heating systems is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period. On basis on type, electric heating systems are expected to dominate the global rail heaters market during 2018-2030 owing to their advantages such as low installation and maintenance costs as compared with gas or steam heating systems.
Product Definition:
Rail heaters are devices that provide heat to the rails of a railway track. They are important because they help keep the rails from freezing in cold weather, which can cause trains to derail.
Electric Heating:
Electric heating is the process of using electricity to generate heat. It can be used in rail heaters, which are used for warming the train carriages and platform areas. Electric heating systems are energy-efficient as they use a continuous power supply instead of discrete hot and cold spots associated with gas or oil furnaces.
The global electric heating market size was valued at USD 2,624 million in 2016.
Gas Heating:
Gas heating is the most common and popular way of producing heat in rail Heaters market. It is also one of the efficient ways to produce heat as compared to other forms. The major advantage of gas heating over electric or wood burning fireplaces is that it can be turned on and off as per requirement, thus making it more convenient for users.
Application Insights:
The other application segment includes military, industrial and construction vehicles. The demand for rail heaters in this segment is expected to witness growth owing to the increasing number of projects involving the refurbishment of old railway stations. These include restoration work at historic St Pancras International Station in London as well as renovations at Parisian train stations Gare Du Nord and La Dĩfense.
Passenger trains accounted for a major share in revenue generation on account of their high thermal capacity requirements during cold weather months across various regions including North America, Europe, Asia Pacific and Middle East & Africa. In addition, growing passenger traffic coupled with rising disposable income levels among consumers is anticipated to augment market growth over the forecast period significantly.
Regional Analysis:
Europe dominated the global rail heaters market in terms of revenue share in 2016. The growth is attributed to increasing demand for energy-efficient products and growing concerns over carbon footprints. Europe has stringent regulations regarding greenhouse gas emissions, which is expected to boost the demand for efficient heating solutions such as rail heaters.
Asia Pacific regional market was valued at USD X million in 2016 and is projected to witness significant growth over the forecast period owing to rising investments by governments across various countries including China, India, Japan, South Korea & Taiwan for improving passenger services on a domestic level as well as on an international level with major cities having connectivity with other metros/suburbs through train networks. This factor along with increasing number of metro construction projects across Asia Pacific region will drive industry expansion over the next eight years from 2018 to 2030 time frame.
Growth Factors:
- Increasing demand for rail transportation: The increasing demand for rail transportation is one of the key growth drivers for the global rail heaters market. Rail transport is considered as a more efficient and environmentally friendly mode of transportation as compared to road transport, which is fuelling the demand for rail heaters.
- Technological advancements: The development of new and innovative technologies in the railway sector has led to an increase in the adoption of advanced heating systems, such as electric heating systems and infrared heating systems, thereby propelling the growth of the global rail heaters market.
- Stringent government regulations mandating use of energy-efficient equipment: Governments across various countries are implementing stringent regulations mandating use of energy-efficient equipment in various sectors, including railways. This is resulting in an increase in adoption rates of energy-efficient railway equipment, including rail heaters, thereby driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rail Heaters Market Research Report
By Type
Electric Heating, Gas Heating, Steam Heating
By Application
Passenger Trains, Freight Trains, Metros, Other
By Companies
Thermon, HMA Group, Spectrum, Ebeco, Railway Equipment Company, Heat Trace, Indeeco, Fastrax Industries, Heatrex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Rail Heaters Market Report Segments:
The global Rail Heaters market is segmented on the basis of:
Types
Electric Heating, Gas Heating, Steam Heating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Trains, Freight Trains, Metros, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thermon
- HMA Group
- Spectrum
- Ebeco
- Railway Equipment Company
- Heat Trace
- Indeeco
- Fastrax Industries
- Heatrex
Highlights of The Rail Heaters Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Heating
- Gas Heating
- Steam Heating
- By Application:
- Passenger Trains
- Freight Trains
- Metros
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Rail Heaters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Rail Heaters are a type of heating system that uses the heat generated by an electric motor to warm up railroad tracks. This system is used to prevent the tracks from freezing in cold weather.
Some of the major companies in the rail heaters market are Thermon, HMA Group, Spectrum, Ebeco, Railway Equipment Company, Heat Trace, Indeeco, Fastrax Industries, Heatrex.
The rail heaters market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Rail Heaters Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Rail Heaters Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Rail Heaters Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Rail Heaters Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Rail Heaters Market Size & Forecast, 2020-2028 4.5.1 Rail Heaters Market Size and Y-o-Y Growth 4.5.2 Rail Heaters Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric Heating
5.2.2 Gas Heating
5.2.3 Steam Heating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Trains
6.2.2 Freight Trains
6.2.3 Metros
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rail Heaters Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Rail Heaters Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric Heating
9.6.2 Gas Heating
9.6.3 Steam Heating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Trains
9.10.2 Freight Trains
9.10.3 Metros
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric Heating
10.6.2 Gas Heating
10.6.3 Steam Heating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Trains
10.10.2 Freight Trains
10.10.3 Metros
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric Heating
11.6.2 Gas Heating
11.6.3 Steam Heating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Trains
11.10.2 Freight Trains
11.10.3 Metros
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric Heating
12.6.2 Gas Heating
12.6.3 Steam Heating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Trains
12.10.2 Freight Trains
12.10.3 Metros
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric Heating
13.6.2 Gas Heating
13.6.3 Steam Heating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Trains
13.10.2 Freight Trains
13.10.3 Metros
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Rail Heaters Market: Competitive Dashboard
14.2 Global Rail Heaters Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thermon
14.3.2 HMA Group
14.3.3 Spectrum
14.3.4 Ebeco
14.3.5 Railway Equipment Company
14.3.6 Heat Trace
14.3.7 Indeeco
14.3.8 Fastrax Industries
14.3.9 Heatrex