Market Overview:
The global track switch heaters market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for passenger and freight trains, and the growing adoption of metros across the globe. Additionally, the increasing demand for 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 of type, electric heating systems are expected to dominate this market duringthe forecast period from 2018to 2030 owingto their high efficiencyand low operating costs as comparedto gas or steam heating systems.
Product Definition:
A track switch heater is a device that heats the metal rails of a railroad switch to keep them from freezing in cold weather. This is important because if the rails are frozen, the train cannot switch tracks.
Electric Heating:
Electric heating is the process of producing heat using electricity as a source. The most common way to do this is by means of a radiator, which is usually located inside the building. Electric heating systems are used in both new constructions and renovations for providing heat to various parts of buildings.
The global electric heating market size was valued at USD 7,688 million in 2016 and it's expected to grow at an estimated CAGR of XX% from 2017 - 2025.
Gas Heating:
Gas heating is the most common and popular way of heaters used in track switch heaters. It is also known as indirect or radiant heating. The gas, which we will be using for heating, can be natural gas or a mixture of natural gas and propane (known as LPG). These are the two most commonly used gases in track switch heaters.
Application Insights:
Passenger trains were the largest application segment and accounted for a revenue share of over 60.0% in 2017. The segment is expected to witness significant growth owing to rising demand for passenger train services across various regions coupled with increasing investments by governments in railway infrastructure development.
The freight trains segment is also expected to grow at a considerable rate over the forecast period as these vehicles are widely used for transportation of goods across countries, which involves loading and unloading of cargo at stations. Freight train services offer efficient transportation solutions that meet customer requirements within budgeted costs while offering higher capacity compared to road transport methods due to their weight limit restrictions per unit length or width restriction imposed by railways authorities on track switches.
Regional Analysis:
Asia Pacific dominated the global track switch heaters market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing demand for passenger trains and rapid urbanization in countries such as China and India. In addition, rising disposable income of consumers is anticipated to fuel demand for metro rail systems across these countries which will further propel industry growth.
Europe was another major regional segment occupying a significant share in 2017 owing to high product penetration rates on account of early adoption by several prominent train manufacturers including Siemens AG & Co., Alstom SA, CAF Group S.A., Bombardier Transportation Inc.
The business track has two modes available with it– sleep mode where all the features are turned off except for the display or standby mode where all functions other than heating are shut down but still consume power.
Growth Factors:
- Increasing demand for electric vehicles
- Growing investments in rail infrastructure
- Rising adoption of track switch heaters in developed countries
- Emerging markets offering lucrative growth opportunities
- Technological advancements resulting in improved performance and efficiency of track switch heaters
Scope Of The Report
Report Attributes
Report Details
Report Title
Track Switch 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
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Track Switch Heaters Market Report Segments:
The global Track Switch 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 Track Switch 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 Track Switch 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.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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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?
Track switch heaters are a type of heating system that is used to heat up railroad tracks. They work by turning on and off the power to individual rail cars, which in turn heats up the track. This system is very efficient because it uses less energy than other types of heating systems, such as central air conditioning or boiler systems.
Some of the major players in the track switch heaters market are Thermon, HMA Group, Spectrum, Ebeco, Railway Equipment Company, Heat Trace, Indeeco, Fastrax Industries, Heatrex.
The track switch 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 Track Switch 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 Track Switch Heaters Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Track Switch 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 Track Switch 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 Track Switch Heaters Market Size & Forecast, 2020-2028
4.5.1 Track Switch Heaters Market Size and Y-o-Y Growth
4.5.2 Track Switch 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 Track Switch 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 Track Switch 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 Track Switch Heaters Market: Competitive Dashboard
14.2 Global Track Switch 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
