Hybrid Train Market by Propulsion Type (Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, and Solar), Application (Passenger and Freight), Operating Speed (>100 km/h, 100-200 km/h, <200 km/h), Battery Technology and Region - Global Forecast to 2030
Instant Answers with GPT - Ask Now!
Ask real questions. Get complete answers !
Generating Response ...[211 Pages Report] The global Hybrid Train Market was valued at 470 units in 2022 and is expected to reach 745 units by 2030, at a CAGR of 5.9%, during the forecast period 2022-2030. Factors such as high gasoline prices, traffic congestion, and greenhouse gas emissions have compelled railway OEMs to explore beyond the use of conventional propulsion systems in trains. In this pursuit, OEMs are working toward developing hybrid trains that use or combine alternative fuel sources, such as hydrogen fuel cells, electric batteries, CNG, LNG, and solar energy, to meet the required efficiency and emission standards. The scarcity of natural resources and the rising cost of fuel will likely shift the focus from diesel trains to eco-friendly transport and boost the demand for hybrid trains during the forecast period. Also, from the demand side, train operators, freight companies, and government bodies are now more inclined toward trains having efficient and eco-friendly operations. Many countries have announced the phasing out of conventional diesel trains, For instance, the UK government has plans to phase out all trains in the country running solely on diesel by 2040. Similarly, in 2021, the Indian government is planning on the complete electrification of trains in the country over the next 3 to 4 years. which are responsible for greenhouse gas emissions.
To know about the assumptions considered for the study, Request for Free Sample Report
Market Dynamics:
Driver: Rising demand for energy-efficient transport
Increasing concerns over the harmful effects of various means of transportation on the environment are expected to drive the growth of the hybrid train market. The movement of passengers and freight by rail is relatively more energy-efficient. For instance, as per the Energy Transport and Environment Statistics 2020, the energy consumption of rail transport was 21.7% lower compared to 1990. According to U.S. Department of Energy Hydrogen Program, Certain types of railways such as hydrogen train can save as much as 50% energy. In May 2022, Association of American Railrod,Freight transportation by railways helps reduce greenhouse gas emissions by 75% compared to freight transport by road. Thus, increasing the modal share of railways is a cost-effective method of increasing the use of renewable energy in transport and reducing total transport greenhouse gas emissions. The below figure represents the CO2 emission from different transport vehicles.
Restraint: Refurbishment of existing trains
The need to provide increased vehicle capacity and upgrade old coaches, coupled with the growing demand for reduced travel cost, has boosted the market for train refurbishment. The existing fleet must be refurbished to accommodate the rising passenger numbers and provide modern amenities. Refurbishments offer an opportunity to address reliability issues, improve train energy efficiency, and update the vehicles as per current requirements. There have been various refurbishment programs—In 2021, Eversholt’s (UK) upgrading project and the Renatus program—that involve modernizing 30 four-car class 321 EMUs currently leased by Abellio Greater Anglia (UK). The financial constraints in acquiring new trains also contribute to the increasing number of train refurbishment programs. Refurbishing existing trains eliminates the need to purchase new vehicles, and could, therefore, restrict the hybrid train market.
Opportunity: Development of battery-operated trains
There is an increasing demand for battery-powered trains owing to the need for green transportation and creating a cost-effective solution for trains. These battery-operated trains are expected to become an ideal, cost-effective solution for the railway industry as the price of lithium-ion batteries is expected to get lower in the coming years. Currently, a battery-powered locomotive is cheaper compared to a hydrogen-powered fuel cell locomotive. Alstom SA presented its battery-powered multiple unit train in Saxony (Germany), and in January 2022, the company launched a battery train in collaboration with Deutsche BAHN AG.
Siemens AG also introduced the battery-powered Mireo Plus B train in 2021 and also won a supply order from Niederbarnimer Eisenbahn (NEB) for supplying 31 units of battery-powered trains. Wabtec Corporation, another reputed hybrid train manufacturer, is making efforts in developing battery-electric locomotives, especially for freight transportation. Stadler Rail AG is also supplying battery-powered FLIRT trains to the State of Schleswig Holstein (Germany).
Challenge: High cost of charging infrastructure and replacement
The introduction of the battery-operated train has increased the demand for high-capacity chargers for the battery packs. Manufacturers are not able to offer chargers that can stop supplying current as soon as the battery is charged. For example, over-charging a lead-acid battery can produce hydrogen sulfide, which is harmful to humans. Reducing weight and utilizing regenerative braking can help increase energy efficiency. However, most battery-operated hybrid trains are not connected to the grid.
Moreover, the cost of the standalone battery pack is 40-60% more due to the higher number of middlemen and distributors. Thus, the operational health of the battery pack during charging, difficulty in onboard charging, and high aftermarket prices are the major concerns for manufacturers.
100-200 km/h segment will be leading the hybrid train market during the forecast period
The hybrid trains in the speed range of 100–200 km/h principally operate on modified existing tracks. Currently, the 100–200 km/h segment holds a major share of the operational hybrid train market. Initially, electric propulsion, coupled with an existing diesel engine, was used to propel these trains. Then, the advancements in other hybrid train technologies such as hydrogen fuel cells, CNG, and battery-powered trains have gradually increased the operational speed of hybrid trains. For instance, Alstom deployed the first-ever hydrogen fuel cell train in 2018, and it is running at a maximum operating speed of 140 km/h. Similarly, Alstom offers a battery-hybrid train as well, which can acquire a top speed of 160 km/h.
The North America hybrid train market is projected to fastest growing by 2030
The North American hybrid train market is expected to be the fastest growing global market. The region is home to Ballard, Wabtec Corporation, and Cummins, which are the major players of the market and supplying hybrid locomotives across the globe. For instance, in September 2021, Wabtec Corporation received order from Roy Hill (Australia) to supply 100% battery-powered, heavy-haul locomotives. Roy Hill is expected to receive the FLXdrive battery-powered locomotive in 2023 and will operate it with its ES44ACi diesel locomotives as a hybrid consist. The growth in the region can be attributed to the increasing demand for hybrid trains in freight transportation. The market in the US is largest owing to the growth in freight transportation in the country. Apart from this, in 2021, the US congress has approved an investment of USD 66 billion for the development of the railway networks, which is further expected to augment the market growth in the US in the coming years. The market in Canada is expected to grow at a high rate from 2022 to 2030 owing to increasing demand for new rail projects, both, freight and passenger. Freight transportation in the country contributes to the largest share of the market, and the trend is expected to continue during the forecast period.
To know about the assumptions considered for the study, download the pdf brochure
Key Market Players
The global hybrid train market is dominated by major players such as CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US) and Hyundai Rotem (South Korea) These companies also offer extensive products and solutions for the railway industry; and have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
Request Sample Scope of the Report
Get online access to the report on the World's First Market Intelligence Cloud
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
|
Report Metric |
Details |
|
Market Revenue in 2022 |
470 Units |
|
Estimated Revenue by 2030 |
745 Units |
|
Revenue Rate |
Projected to grow at a CAGR of 5.9% |
|
Market Driver |
Rising demand for energy-efficient transport |
|
Market Opportunity |
Development of battery-operated trains |
|
Key Market Players |
CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US) and Hyundai Rotem (South Korea) |
This research report categorizes the hybrid train market based on propulsion type, application, operating speed, battery technology, and region.
Based on the propulsion type:
- Electro Diesel
- Battery Operated
- Hydrogen
- CNG
- LNG
- Solar
Based on the application:
- Freight
- Passenger
Based on the operational speed:
- Below 100 km/h
- 100-200 km/h
- Above 200 km/h
Based on the battery technology (qualitative):
- Gel Tubular
- Valve Regulated Lead-Acid (VRLA)
- Conventional Lead-Acid
- Sinter PNE
- Fiber PNE
- Pocket Plate
- Lithium-Ion
Based on the region:
-
Asia Oceania
- China
- India
- Japan
- South Korea
- Australia
- New Zealand
-
North America
- US
- Canada
- Mexico
-
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Austria
-
Middle East & Africa
- Egypt
- UAE
- South Africa
-
Rest of the World
- Argentina
- Brazil
- Russia
Recent Developments
- In June 2022, CRRC launched HXN6 hybrid locomotive, The HXN6 hybrid locomotive can reduce fuel consumption by 30% to 50%, reduce exhaust emission by 40% to 80%, and reduce noise impact time of the diesel engine by more than 80%. the HXN6 hybrid locomotive also has a very strong traction performance. Under the shunting operation condition of a single-locomotive, it can haul more than 10,000 tons of cargo.
- In May 2022, Deutsche Bahn (DB) and Siemens Mobility developed Mireo Plus H, the next-generation hydrogen-powered train, and a newly designed mobile hydrogen storage trailer. The train and its new infrastructure are intended to replace diesel multiple-unit trains in commuter and regional transport and reduce rail-related CO2 emissions to zero.
- In April 2022, Alstom and ENGIE have entered in a partnership agreement that will offer a solution for the decarbonization by replacing diesel-powered locomotives with hydrogen versions. Under this partnership agreement, Alstom, is designing a hydrogen solution based on a high-power fuel cell system that can power electric locomotives.
- In February 2022, ABB has won orders worth around USD 80 million for energy-efficient traction and high-performance battery technologies for high-capacity commuter trains from Stadler (Switzerland). The orders include compact traction converters and high-power lithium-ion battery to power 59 new generation high-capacity double-deck commuter trains in Spain.
- In January 2022, Wabtec Corporation announced an order from BHP Western Australia Iron Ore for two FLXdrive battery locomotives. BHP will receive the newest version of the FLXdrive battery-electric locomotives in 2023 with an energy capacity of 7 megawatt hours (MWh).
- In January 2022, Wabtec Corporation and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. Wabtec will deliver the FLXdrive battery locomotives to Rio Tinto in 2023.
Frequently Asked Questions (FAQ):
What is the current size of the global hybrid train market?
The global hybrid train market is estimated to be 470 units in 2022 and projected to reach 745 units by 2030, at a CAGR of 5.9%
Who are the winners in the global hybrid train market?
Companies such as CRRC, Alstom, Wabtec, Siemens, Hyundai Rotem, Stadler, Toshiba, and Hitachi Rail fall under the winners' category. These companies have been competing for developing advanced and innovative hybrid trains that are operated by different fuels. Also, OEMs have been receiving huge supply contracts from all the countries across the world. With advanced R&D facilities, large production capacities, and strong distribution networks (geographical presence), these companies have managed to stay ahead of the tail-enders
What are the new market trends impacting the growth of the hybrid train market?
Regenerative braking analysis, autonomous trains, AI in maintenance and overhaul, and growing use of fuel cell power in heavy load transportation are the key market trends or technologies which will have a major impact on the hybrid train market in the future.
What are the different propulsion systems in the hybrid train market?
As electric propulsion is one of the most feasible options in railway operations, the development for other sources such as hydrogen, CNG, LNG, and solar is expected to grow as well. The potential for diversification of local fuel will benefit train manufacturers and reduce dependency on a single type of fuel. For instance, a few trains are running on hydrogen fuel cells around the world. CNG and LNG are considered alternative fuels under the Energy Policy Act of 1992. Of these, LNG is considered better in terms of higher energy density than CNG. Having different alternate fuel options over conventional diesel fuel will help the hybrid train market grow. These alternate fuel sources can be coupled with regular diesel engines. .
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 18)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 HYBRID TRAIN MARKET DEFINITION, BY BATTERY TECHNOLOGY
1.2.2 MARKET DEFINITION, BY APPLICATION
1.2.3 MARKET DEFINITION, BY PROPULSION
1.2.4 MARKET DEFINITION, BY OPERATING SPEED
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS: MARKET
1.4 MARKET SCOPE
FIGURE 1 MARKET: MARKET SEGMENTATION
1.4.1 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 25)
2.1 RESEARCH DATA
FIGURE 2 HYBRID TRAIN MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 Key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS BY COMPANY, DESIGNATION, AND REGION
2.1.2.1 Primary participants
2.2 MARKET SIZE ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.2.1 BOTTOM-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR MARKET: TOP-DOWN APPROACH
FIGURE 8 MARKET: RESEARCH DESIGN AND METHODOLOGY
2.3 FACTOR ANALYSIS
FIGURE 9 FACTORS IMPACTING MARKET
FIGURE 10 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.4 DATA TRIANGULATION
FIGURE 11 DATA TRIANGULATION
2.5 ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 35)
FIGURE 12 HYBRID TRAIN MARKET OVERVIEW
FIGURE 13 MARKET, BY REGION, 2022–2030
FIGURE 14 MARKET, BY PROPULSION TYPE, 2022 VS. 2030
4 PREMIUM INSIGHTS (Page No. - 39)
4.1 ATTRACTIVE OPPORTUNITIES IN HYBRID TRAIN MARKET
FIGURE 15 INCREASING DEMAND FOR EFFICIENT AND LESS CARBON EMITTING TRAINS TO DRIVE MARKET
4.2 MARKET, BY PROPULSION
FIGURE 16 ELECTRO DIESEL SEGMENT TO BE LARGEST, 2022 VS. 2030 (UNITS)
4.3 MARKET, BY APPLICATION
FIGURE 17 PASSENGER SEGMENT TO BE DOMINANT, 2022 VS. 2030 (UNITS)
4.4 MARKET, BY OPERATING SPEED
FIGURE 18 100-200 KM/H PROJECTED TO BE LARGEST SEGMENT, 2022 VS. 2030 (UNITS)
4.5 MARKET, BY REGION
FIGURE 19 EUROPE TO HOLD LARGEST MARKET SHARE, 2022 VS. 2030 (UNITS)
5 MARKET OVERVIEW (Page No. - 42)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 20 HYBRID TRAIN MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Demand for energy-efficient and less polluting train operations
5.2.1.2 Benefits of hybrid trains over conventional diesel trains
5.2.1.3 Rising demand for energy-efficient transport
FIGURE 21 GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2000–2030
5.2.2 RESTRAINTS
5.2.2.1 High development cost and complexities in technologies and related infrastructure
5.2.2.2 Refurbishment of existing trains
5.2.3 OPPORTUNITIES
5.2.3.1 Development of hydrogen fuel cell locomotives
5.2.3.2 Development of battery operated trains
5.2.3.3 Development of solar power trains
5.2.3.4 Increasing railway operations in industrial and mining activities
5.2.4 CHALLENGES
5.2.4.1 Requirement of high R&D investments
5.2.4.2 High cost of charging infrastructure and replacement
5.2.5 IMPACT OF MARKET DYNAMICS
TABLE 2 MARKET: IMPACT OF MARKET DYNAMICS
5.3 PORTER’S FIVE FORCES MODEL ANALYSIS
TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON MARKET
FIGURE 22 PORTER’S FIVE FORCES: MARKET
5.4 AVERAGE SELLING PRICE TREND
FIGURE 23 PRICING TREND ANALYSIS: NATURAL GAS PRICE IN US (2018–2022)
5.5 VALUE CHAIN ANALYSIS
FIGURE 24 MARKET: VALUE CHAIN ANALYSIS
5.6 ECOSYSTEM ANALYSIS
FIGURE 25 MARKET: ECOSYSTEM ANALYSIS
TABLE 4 ROLE OF COMPANIES IN HYBRID TRAIN ECOSYSTEM
5.7 TARIFF AND REGULATORY OVERVIEW
5.7.1 US
5.7.2 EUROPE
TABLE 5 STANDARDS: RAIL TRACTION ENGINES (STAGE III A)
TABLE 6 STANDARDS: RAIL TRACTION ENGINES (STAGE III B)
5.8 TRADE ANALYSIS
5.8.1 CHINA
5.8.2 GERMANY
5.9 TECHNOLOGY ANALYSIS
5.9.1 INTRODUCTION
5.9.2 REGENERATIVE BRAKING IN TRAINS
5.9.3 AUTONOMOUS TRAINS
TABLE 7 LEVEL OF AUTONOMY FOR AUTONOMOUS TRAINS
5.9.4 USE OF FUEL CELLS FOR HEAVY LOAD TRANSPORTATION
FIGURE 26 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016–2050
5.10 CASE STUDY ANALYSIS
5.10.1 HYDROFLEX IN UK
5.10.2 FIRST SOLAR POWERED TRAIN
5.11 PATENT ANALYSIS
TABLE 8 IMPORTANT PATENT REGISTRATIONS RELATED TO MARKET
5.12 MARKET SCENARIO ANALYSIS
5.12.1 MOST LIKELY SCENARIO
TABLE 9 MOST LIKELY SCENARIO, BY REGION, 2022–2030 (UNITS)
5.12.2 OPTIMISTIC SCENARIO
TABLE 10 OPTIMISTIC SCENARIO, BY REGION, 2022–2030 (UNITS)
5.12.3 PESSIMISTIC SCENARIOS
TABLE 11 PESSIMISTIC SCENARIO, BY REGION, 2022–2030 (UNITS)
5.13 DETAILS OF HYBRID TRAIN RAILWAY PROJECTS WORLDWIDE
TABLE 12 EUROPE: RAILWAY PROJECTS
TABLE 13 NORTH AMERICA: RAILWAY PROJECTS
TABLE 14 ASIA OCEANIA: RAILWAY PROJECTS
TABLE 15 REST OF THE WORLD: RAILWAY PROJECTS
6 HYBRID TRAIN MARKET, BY BATTERY TECHNOLOGY (Page No. - 71)
6.1 INTRODUCTION
6.2 GEL TUBULAR LEAD ACID BATTERIES
6.3 VALVE REGULATED LEAD ACID BATTERIES
6.4 CONVENTIONAL LEAD ACID BATTERIES
6.5 SINTERED PNE NICKEL-CADMIUM BATTERIES
6.6 FIBER PNE NICKEL CADMIUM BATTERIES
6.7 POCKET PLATE NICKEL CADMIUM BATTERIES
6.8 LITHIUM ION BATTERIES
7 HYBRID TRAIN MARKET, BY APPLICATION (Page No. - 74)
7.1 INTRODUCTION
FIGURE 27 BATTERY ELECTRIC LOCOMOTIVE
FIGURE 28 FREIGHT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2030)
TABLE 16 MARKET SIZE, BY APPLICATION, 2018–2021 (UNITS)
TABLE 17 MARKET SIZE, BY APPLICATION, 2022–2030 (UNITS)
7.1.1 OPERATIONAL DATA
TABLE 18 OEMS OF HYBRID TRAINS DEPLOYMENT, BY APPLICATION
7.1.2 ASSUMPTIONS
7.1.3 RESEARCH METHODOLOGY
7.2 PASSENGER
7.2.1 RISING DEMAND FOR ENERGY-EFFICIENT MOBILITY
TABLE 19 PASSENGER: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 20 PASSENGER: MARKET, BY REGION, 2022–2030 (UNITS)
7.3 FREIGHT
7.3.1 FUEL COST BENEFITS TO DRIVE SEGMENT
TABLE 21 FREIGHT: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 22 FREIGHT: MARKET, BY REGION, 2022–2030 (UNITS)
7.4 KEY PRIMARY INSIGHTS
8 HYBRID TRAIN MARKET, BY OPERATING SPEED (Page No. - 81)
8.1 INTRODUCTION
FIGURE 29 100-200 KM/H SEGMENT TO HAVE LARGEST MARKET DURING FORECAST PERIOD (2022–2030)
TABLE 23 MARKET, BY OPERATING SPEED, 2018–2021 (UNITS)
TABLE 24 MARKET, BY OPERATING SPEED, 2022–2030 (UNITS)
8.1.1 OPERATIONAL DATA
TABLE 25 OPERATING SPEED FOR HYBRID TRAINS, BY OEMS
8.1.2 ASSUMPTIONS
8.1.3 RESEARCH METHODOLOGY
8.2 BELOW 100 KM/H
8.2.1 INNOVATIVE PROPULSION TECHNOLOGIES
TABLE 26 BELOW 100 KM/H: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 27 BELOW 100 KM/H: MARKET, BY REGION, 2022–2030 (UNITS)
8.3 100–200 KM/H
8.3.1 OPERATIONAL SPEED OF MOST MAJOR TRAINS
TABLE 28 100–200 KM/H: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 29 100–200 KM/H: MARKET, BY REGION, 2022–2030 (UNITS)
8.4 ABOVE 200 KM/H
8.4.1 RAPID TRANSPORTATION AND TECHNOLOGICAL ADVANCEMENT
TABLE 30 ABOVE 200 KM/H: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 31 ABOVE 200 KM/H: MARKET, BY REGION, 2022–2030 (UNITS)
8.5 KEY PRIMARY INSIGHTS
9 HYBRID TRAIN MARKET, BY PROPULSION (Page No. - 89)
9.1 INTRODUCTION
FIGURE 30 ELECTRO DIESEL TO BE DOMINANT DURING FORECAST PERIOD (2022–2030)
TABLE 32 MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 33 MARKET, BY PROPULSION, 2022–2030 (UNITS)
9.1.1 OPERATIONAL DATA
TABLE 34 HYBRID TRAINS WITH PROPULSION TYPE
9.1.2 ASSUMPTIONS
9.1.3 RESEARCH METHODOLOGY
9.2 BATTERY POWERED
9.2.1 CONTINUOUS ADVANCEMENTS IN BATTERY TECHNOLOGIES
TABLE 35 BATTERY POWERED: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 36 BATTERY POWERED: MARKET, BY REGION, 2022–2030 (UNITS)
9.3 ELECTRO DIESEL
9.3.1 MORE EFFICIENT THAN DIESEL LOCOMOTIVES
TABLE 37 ELECTRO DIESEL: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 38 ELECTRO DIESEL: MARKET, BY REGION, 2022–2030 (UNITS)
9.4 LNG
9.4.1 ADVANTAGEOUS OVER CNG PROPULSION
TABLE 39 LNG: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 40 LNG: MARKET, BY REGION, 2022–2030 (UNITS)
9.5 HYDROGEN
9.5.1 FULFILS DEMAND FOR CLEAN TRANSPORTATION
TABLE 41 HYDROGEN: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 42 HYDROGEN: MARKET, BY REGION, 2022–2030 (UNITS)
9.6 SOLAR POWERED
9.6.1 ENABLES ECO FRIENDLY AND CLEAN TRANSPORTATION
TABLE 43 SOLAR POWERED: MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 44 SOLAR POWERED: MARKET, BY REGION, 2022–2030 (UNITS)
9.7 CNG
9.7.1 LIMITED USE DUE TO HIGH INSTALLATION COST
9.8 KEY PRIMARY INSIGHTS
10 HYBRID TRAIN MARKET, BY REGION (Page No. - 99)
10.1 INTRODUCTION
FIGURE 31 MARKET, BY REGION, 2022 VS. 2030
TABLE 45 MARKET, BY REGION, 2018–2021 (UNITS)
TABLE 46 MARKET, BY REGION, 2022–2030 (UNITS)
10.2 ASIA OCEANIA
FIGURE 32 ASIA OCEANIA: MARKET SNAPSHOT
TABLE 47 ASIA OCEANIA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 48 ASIA OCEANIA: MARKET, BY COUNTRY, 2022–2030 (UNITS)
10.2.1 CHINA
10.2.1.1 Focus on developing hybrid fuel systems
TABLE 49 CHINA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 50 CHINA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.2.2 JAPAN
10.2.2.1 Presence of leading hybrid train players
TABLE 51 JAPAN: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 52 JAPAN: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.2.3 INDIA
10.2.3.1 Electrification of rail routes
TABLE 53 INDIA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 54 INDIA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.2.4 SOUTH KOREA
10.2.4.1 Infrastructure investments in hybrid trains
TABLE 55 SOUTH KOREA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 56 SOUTH KOREA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.2.5 NEW ZEALAND
10.2.5.1 Multiple upcoming railway projects
TABLE 57 NEW ZEALAND: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 58 NEW ZEALAND: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.2.6 AUSTRALIA
10.2.6.1 Government initiatives to boost market
TABLE 59 AUSTRALIA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 60 AUSTRALIA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.3 EUROPE
FIGURE 33 EUROPE: MARKET, BY COUNTRY, 2022 VS. 2030 (UNITS)
TABLE 61 EUROPE: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 62 EUROPE: MARKET, BY COUNTRY, 2022–2030 (UNITS)
10.3.1 FRANCE
10.3.1.1 Increasing demand for less polluting trains
TABLE 63 FRANCE: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 64 FRANCE: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.3.2 GERMANY
10.3.2.1 Demand for energy-efficient transport
TABLE 65 GERMANY: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 66 GERMANY: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.3.3 ITALY
10.3.3.1 Rapid transition toward hybrid trains
TABLE 67 ITALY: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 68 ITALY: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.3.4 SPAIN
10.3.4.1 Government initiatives and investments for sustainable transport
TABLE 69 SPAIN: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 70 SPAIN: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.3.5 AUSTRIA
10.3.5.1 Replacement of existing diesel trains with electro diesel trains
TABLE 71 AUSTRIA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 72 AUSTRIA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.3.6 UK
10.3.6.1 Government focus on phasing out diesel trains
TABLE 73 UK: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 74 UK: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.4 NORTH AMERICA
FIGURE 34 NORTH AMERICA: MARKET SNAPSHOT
TABLE 75 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 76 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2030 (UNITS)
10.4.1 US
10.4.1.1 Growing demand for hybrid freight trains
TABLE 77 US: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 78 US: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.4.2 CANADA
10.4.2.1 Government subsidies for greener transport
TABLE 79 CANADA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 80 CANADA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.4.3 MEXICO
10.4.3.1 Increasing demand for reduction in carbon emissions
TABLE 81 MEXICO: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 82 MEXICO: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.5 MIDDLE EAST & AFRICA
TABLE 83 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 84 MIDDLE EAST & AFRICA: MARKET, BY COUNTRY, 2022–2030 (UNITS)
10.5.1 SOUTH AFRICA
10.5.1.1 Government spending on greener trains
TABLE 85 SOUTH AFRICA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 86 SOUTH AFRICA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.5.2 UNITED ARAB EMIRATES
10.5.2.1 Advancements in railway technologies to further demand
TABLE 87 UAE: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 88 UAE: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.5.3 EGYPT
10.5.3.1 Government plans to develop hybrid train lines for tourism
TABLE 89 EGYPT: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 90 EGYPT: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.6 REST OF THE WORLD
TABLE 91 ROW: MARKET, BY COUNTRY, 2018–2021 (UNITS)
TABLE 92 ROW: MARKET, BY COUNTRY, 2022–2030 (UNITS)
10.6.1 BRAZIL
10.6.1.1 Electrification of existing networks
TABLE 93 BRAZIL: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 94 BRAZIL: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.6.2 RUSSIA
10.6.2.1 Significant demand for electro diesel trains
TABLE 95 RUSSIA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 96 RUSSIA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
10.6.3 ARGENTINA
10.6.3.1 Introduced diesel electric trains
TABLE 97 ARGENTINA: MARKET, BY PROPULSION, 2018–2021 (UNITS)
TABLE 98 ARGENTINA: MARKET, BY PROPULSION, 2022–2030 (UNITS)
11 COMPETITIVE LANDSCAPE (Page No. - 132)
11.1 OVERVIEW
11.2 MARKET SHARE ANALYSIS FOR HYBRID TRAIN MARKET
TABLE 99 MARKET SHARE ANALYSIS, 2021
FIGURE 35 MARKET SHARE ANALYSIS, 2021
11.2.1 CRRC
11.2.2 ALSTOM
11.2.3 SIEMENS
11.2.4 WABTEC CORPORATION
11.2.5 HYUNDAI ROTEM COMPANY
11.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS
FIGURE 36 TOP PUBLIC/LISTED PLAYERS IN MARKET IN LAST FIVE YEARS
11.4 COMPETITIVE SCENARIO
TABLE 100 NEW PRODUCT DEVELOPMENTS
TABLE 101 DEALS
TABLE 102 OTHERS
11.5 COMPETITIVE EVALUATION QUADRANT
11.5.1 STARS
11.5.2 PERVASIVE PLAYERS
11.5.3 EMERGING LEADERS
11.5.4 PARTICIPANTS
FIGURE 37 MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
11.6 STRENGTH OF PRODUCT PORTFOLIO
FIGURE 38 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MARKET
11.7 BUSINESS STRATEGY EXCELLENCE
FIGURE 39 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MARKET
11.8 STARTUP/SME EVALUATION MATRIX
12 COMPANY PROFILES (Page No. - 149)
(Business overview, Products offered, Recent developments & MnM View)*
12.1 KEY PLAYER
12.1.1 CRRC
TABLE 103 CRRC: BUSINESS OVERVIEW
FIGURE 40 CRRC: COMPANY SNAPSHOT
TABLE 104 CRRC: PRODUCTS OFFERED
TABLE 105 CRRC: NEW PRODUCT DEVELOPMENTS
TABLE 106 CRRC: DEALS
12.1.2 ALSTOM
TABLE 107 ALSTOM: BUSINESS OVERVIEW
FIGURE 41 ALSTOM: COMPANY SNAPSHOT
FIGURE 42 ALSTOM: NEW BUSINESS OPPORTUNITY SPACES
TABLE 108 ALSTOM: PRODUCTS OFFERED
TABLE 109 ALSTOM: NEW PRODUCT DEVELOPMENTS
TABLE 110 ALSTOM: DEALS
TABLE 111 ALSTOM: OTHERS
12.1.3 SIEMENS
TABLE 112 SIEMENS: BUSINESS OVERVIEW
FIGURE 43 SIEMENS: COMPANY SNAPSHOT
TABLE 113 SIEMENS: PRODUCTS OFFERED
TABLE 114 SIEMENS: NEW PRODUCT DEVELOPMENTS
TABLE 115 SIEMENS: DEALS
12.1.4 WABTEC CORPORATION (GE TRANSPORTATION)
TABLE 116 WABTEC CORPORATION: BUSINESS OVERVIEW
FIGURE 44 WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 117 WABTEC CORPORATION: PRODUCTS OFFERED
TABLE 118 WABTEC CORPORATION: DEALS
TABLE 119 WABTEC CORPORATION: OTHERS
12.1.5 HYUNDAI ROTEM COMPANY
TABLE 120 HYUNDAI ROTEM COMPANY: BUSINESS OVERVIEW
FIGURE 45 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
TABLE 121 HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
TABLE 122 HYUNDAI ROTEM COMPANY: DEALS
12.1.6 HITACHI
TABLE 123 HITACHI: BUSINESS OVERVIEW
FIGURE 46 HITACHI: COMPANY SNAPSHOT
TABLE 124 HITACHI: PRODUCTS OFFERED
TABLE 125 HITACHI: NEW PRODUCT DEVELOPMENTS
TABLE 126 HITACHI: DEALS
12.1.7 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)
TABLE 127 CAF: BUSINESS OVERVIEW
FIGURE 47 CAF: COMPANY SNAPSHOT
TABLE 128 CAF: PRODUCTS OFFERED
TABLE 129 CAF: DEALS
12.1.8 TOSHIBA
TABLE 130 TOSHIBA: BUSINESS OVERVIEW
FIGURE 48 TOSHIBA: COMPANY SNAPSHOT
TABLE 131 TOSHIBA: PRODUCTS OFFERED
TABLE 132 TOSHIBA: NEW PRODUCT DEVELOPMENTS
TABLE 133 TOSHIBA: DEALS
12.1.9 CUMMINS
TABLE 134 CUMMINS: BUSINESS OVERVIEW
FIGURE 49 CUMMINS: COMPANY SNAPSHOT
TABLE 135 CUMMINS: PRODUCTS OFFERED
TABLE 136 CUMMINS: DEALS
12.1.10 STADLER RAIL AG
TABLE 137 STADLER RAIL AG: BUSINESS OVERVIEW
FIGURE 50 STADLER RAIL AG: COMPANY SNAPSHOT
TABLE 138 STADLER RAIL AG: PRODUCTS OFFERED
TABLE 139 STADLER RAIL AG: DEALS
TABLE 140 STADLER RAIL AG: OTHERS
12.1.11 ABB
TABLE 141 ABB: BUSINESS OVERVIEW
FIGURE 51 ABB: COMPANY SNAPSHOT
TABLE 142 ABB: PRODUCTS OFFERED
TABLE 143 ABB: DEALS
TABLE 144 ABB: OTHERS
12.1.12 MITSUBISHI ELECTRIC CORPORATION
TABLE 145 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
FIGURE 52 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 146 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
TABLE 147 MITSUBISHI ELECTRIC CORPORATION: DEALS
12.1.13 VIVARAIL
TABLE 148 VIVARAIL: BUSINESS OVERVIEW
TABLE 149 VIVARAIL: PRODUCTS OFFERED
TABLE 150 VIVARAIL: DEALS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
12.2 OTHER KEY PLAYERS
12.2.1 BNSF
TABLE 151 BNSF: BUSINESS OVERVIEW
12.2.2 BALLARD
TABLE 152 BALLARD: BUSINESS OVERVIEW
12.2.3 CHART INDUSTRIES
TABLE 153 CHART INDUSTRIES: BUSINESS OVERVIEW
12.2.4 RENFE OPERADORA
TABLE 154 RENFE OPERADORA: BUSINESS OVERVIEW
12.2.5 SKODA TRANSPORTATION
TABLE 155 SKODA TRANSPORTATION: BUSINESS OVERVIEW
12.2.6 DB CARGO
TABLE 156 DB CARGO: BUSINESS OVERVIEW
12.2.7 SNCF
TABLE 157 SNCF: BUSINESS OVERVIEW
12.2.8 ROLLS-ROYCE
TABLE 158 ROLLS-ROYCE: BUSINESS OVERVIEW
12.2.9 THE KINKI SHARYO CO., LTD.
TABLE 159 THE KINKI SHARYO CO., LTD.: BUSINESS OVERVIEW
12.2.10 KAWASAKI HEAVY INDUSTRIES
TABLE 160 KAWASAKI HEAVY INDUSTRIES: BUSINESS OVERVIEW
12.2.11 ETIHAD RAIL
TABLE 161 ETIHAD RAIL: BUSINESS OVERVIEW
12.2.12 SINARA TRANSPORT MACHINES
TABLE 162 SINARA TRANSPORT MACHINES: BUSINESS OVERVIEW
13 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 204)
13.1 NORTH AMERICA PRESENTS HUGE POTENTIAL TO BECOME FASTEST-GROWING MARKET
13.2 HYDROGEN FUEL CELL POWERED TRAIN TO BE KEY FOCUS FOR TRAIN MANUFACTURERS
13.3 CONCLUSION
14 APPENDIX (Page No. - 206)
14.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 CUSTOMIZATION OPTIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the hybrid train market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of railway/locomotive manufacturers, International Energy Agency (IEA), Federal Transit Administration (FTA), Regional Transportation Authority (RTA), country-level railway associations and trade organizations, and the US Department of Transportation (DOT)], hybrid train magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, government organizations websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global hybrid train market.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across three major regions, namely, Asia Oceania, Europe, North America. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.
After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The top-down approach was used to estimate and validate the total market size. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
Data Triangulation
After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Report Objectives
- To define, describe, and forecast the size of the hybrid trains market, in terms of volume (units)
- To define, describe, and forecast the size of the hybrid trains market based on battery technology, application, operating speed, propulsion, and region
- To segment and forecast the market size, by battery technology [gel tubular lead-acid battery, valve regulated lead-acid battery (VRLA), conventional lead-acid battery, sintered PNE nickel-cadmium battery, fiber PNE nickel-cadmium battery, pocket plate nickel-cadmium battery, and lithium-ion]
- To segment and forecast the market size, by application (passenger, freight)
- To segment and qualitatively cover the following operating speed: below 100 KM/H, 100–200 KM/H, and above 200 KM/H.
- To cover the hybrid train market by propulsion (battery powered, electro diesel, CNG, LNG, solar powered, and hydrogen powered)
- To segment and forecast the market size, by region (Asia Oceania, Europe, North America, Middle East & Africa, and Rest of The World)
- To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the market
- To analyze the ranking of key players operating in the market
- To understand the dynamics of competitors in the market and distinguish them into visionary leaders, innovators, emerging companies, and dynamic differentiators according to their product portfolio strength and business strategies
- To analyze opportunities for stakeholders and the competitive landscape for market leaders
- To strategically profile key players and comprehensively analyze their market share and core competencies
- To track and analyze competitive developments, such as new product launches, deals and other developments by key players
- To analyze the opportunities offered by various segments of the market to its stakeholders
- To analyze and forecast the trends and orientation for hybrid market in the global industry.
Available Customizations
With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.
- Hybrid Train Market, By Propulsion Type at country level (For countries covered in the report)
- Hybrid Train Market, By application at country level (For countries covered in the report)
-
Company Information
- Profiling of Additional Market Players (Up to 5)
Growth opportunities and latent adjacency in Hybrid Train Market
I need few data points with simple tweaks for Electric Diesel Trains.