The size of the hybrid train market is expected to increase from 4,904 by 2021 to 8,389 by 2028 at a CAGR of 6%. Factors such as rising gasoline prices, traffic congestion and greenhouse gas emissions have forced railway OEMs to explore beyond the use of conventional propulsion systems on trains. A hybrid train is a rolling stock that runs on an alternative source using an electrical source as a stationary source. Energy storage devices such as batteries, supercapacitors and flywheels are used to store the energy of regenerative braking and the additional energy generated during acceleration. Hybrid trains are therefore a cost-effective and reliable solution for transportation compared to conventional fuel trains. The infrastructure costs associated with hybrid rail systems are higher than diesel powered rail systems.
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Company Profile
- Alstom
- Bombardier
- Construcciones y Auxiliar de Ferrocarriles
- Cummins Inc.,
- GENERAL ELECTRIC
- HYUNDAI ROTEM COMPANY.
- Kawasaki Heavy Industries, Ltd.
Market Segmentation
By Operating Speed
- Less than 100 km/hr
- 100-200 km/hr
- More than 200 km/hr
By Application
- Passenger
- Freight
By Propulsion Type
- Electro-Diesel
- Battery Operated
- Hydrogen Powered
Scope of the Report
The research study analyzes the Hybrid Train Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Hybrid Train Market Report
- What was the Hybrid Train Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Hybrid Train Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Hybrid Train Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Hybrid Train market.
- The market share of the Hybrid Train market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Hybrid Train market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Hybrid Train market.
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