Hybrid Train Market

Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium), Application (Passenger and Freight), Operating Speed (Below 100 KM/H, 100200 KM/H, And Above 200 KM/H), Service Power, Propulsion Region - Global Forecast to 2030

Report Code: AT 7055 Oct, 2023, by marketsandmarkets.com

[285 Pages Report] The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. Due to the rising demand for sustainable transportation solutions, the industry of railway systems is experiencing a transformative shift towards hybrid trains. These innovative locomotives seamlessly blend the power of battery-electric, hydroelectric, and diesel-electric propulsion systems, offering a multifaceted approach to addressing the growing need for efficient, eco-friendly, and versatile rail transport. As environmental concerns gain prominence and energy efficiency becomes paramount, the convergence of these propulsion technologies is paving the way for a sustainable mode of transportation, one that is characterized by reduced emissions, enhanced performance, and the promise of a greener future for rail travel.

Hybrid Train Market

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Hybrid Train Market

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Market Dynamics:

Driver: Demand for energy-efficient and less polluting train operations

Increasing stringency of emission norms by governments in several countries has compelled train manufacturers to adopt less pollution-causing trains. Thus, companies like Alstom, Bombardier, Siemens, and Wabtec Corporation are investing in alternative fuel-powered trains. For instance, Alstom was one of the first companies to unveil a hydrogen-powered train. In April 2022, Alstom and ENGIE signed a partnership agreement to offer the rail freight sector a solution for decarbonizing mainline operations by replacing diesel-powered locomotives with hydrogen versions. Various freight companies have started investing in hybrid trains to cut operating costs by eliminating fuel and maintenance costs. The total cost of ownership (TCO) plays a key role in the freight industry and affects profit margins. Fuel expenses are high while covering long distances using conventional diesel trains. However, the use of electrified, fuel cell, CNG, and LNG hybrid trains reduces these expenses by almost 50%. Increasing the modal share of railways is considered a cost-effective method of increasing the use of renewable energy in transport, thereby reducing greenhouse gas (GHG) emissions. These factors are expected to drive the growth of the hybrid train market.

Restraint: Refurbishment of existing trains

The need to provide increased vehicle capacity and upgrade old coaches, coupled with the growing demand for reduced travel costs, has boosted the market for train refurbishment. The existing fleet must be refurbished due to the rising passenger numbers and increase in demand for 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 FY 2022, Swiss Federal Railways (SBB) is investing USD 2.1 Bn in the refurbishment of its railway infrastructure to make it more compatible with hybrid trains. The work includes upgrading the electrification system, installing charging stations, and improving the signaling system. The financial constraints in acquiring new trains also contribute to increasing train refurbishment programs. Refurbishing existing trains eliminates the need to purchase new vehicles and could restrict the hybrid train market.

Opportunity: Retrofitting of diesel-electric trains

According to Worldwiderail (website), diesel locomotives cost around USD 0.5-USD 2 million, and an electric locomotive costs more than USD 6 million. Hence, it is more viable to retrofit a diesel locomotive with battery systems than to buy a new one. For example, in the US, a large number of General Electric locomotives, currently owned by several North American railroads, are being rebuilt with cab upgrades, along with electrical and safety systems. Re-manufacturing locomotives cost about 40% less than purchasing a new locomotive. Indian Railways, for instance, has been able to reduce the cost incurred in diesel to electric conversion to as low as USD 0.3 million. The growing market for diesel retrofitting is driving the demand for energy storage systems, such as backups and power supply units. In addition to the above, replacing the diesel motor with an electric drive will also reduce the onboard weight and further improve the efficiency of railways. For instance, In 2022, the German railway company Deutsche Bahn (DB) announced that it would be retrofitting 100 diesel-electric trains with hybrid technology. The retrofitting is expected to be completed by 2025. The retrofitting will involve installing a battery pack and a hybrid control system on the trains. The battery pack will allow the trains to operate on electric power for short distances, while the hybrid control system will automatically switch between electric and diesel power depending on the operating conditions.

Challenge: Technical challenges related to lead-acid and lithium-ion batteries

Rail batteries must be long-lasting and fast-charging. Currently, the rail sector makes substantial use of lead-acid and nickel-cadmium (Ni-Cd) batteries. These batteries are hazardous to the environment and contain dangerous substances. In addition to these disadvantages, they have a high self-discharge rate and a short charge cycle. Despite the fact that Ni-Cd batteries may give 60% more energy than other varieties, they have a recharging issue known as the "memory effect." The memory effect is a condition in which the battery remembers its last discharge performance and only recharges to that level, diminishing its performance. While increasing cell capacity can improve battery performance, it can also jeopardize system safety. Furthermore, rail batteries are electrochemical batteries that use chemical reactions to generate an electric current. Temperature changes affect the performance of rail batteries since they affect all chemical reactions. Low-temperature conditions limit cell performance, lowering the battery's specific energy gradient. Lithium-ion batteries operate with better efficiency against temperature changes, but the heating can reduce the capacity of the batteries over time. Further, lithium-ion (Li-ion) batteries require lithium mining, which has brought forward many environmental challenges. The manufacturing cost of Li-ion batteries is also 40% higher than Ni-Cd batteries.

Market Ecosystem

Hybrid Train Market

Passenger hybrid trains are the largest segment during the forecast period

The benefit of cost-effective and efficient transportation of passenger accounts during the forecast period. A number of cities are placing new rail infrastructure projects into place to ease traffic and offer inexpensive intercity and intracity transportation options. The market for hybrid trains will rise in response to growing urbanization and rising consumer demands for greater connectivity, comfort, dependability, and safety. As of 2022, the majority of hybrid train projects or operations will be focused on the passenger market because freight transportation demands powerful trains. The development of hybrid train technologies is still in its early stages to meet the demand for freight transportation. In February 2022, SNCF Voyageurs and Alstom presented the first hybrid Régiolis trainset for France following one year of hybridization project and eight months of tests. In June 2023, Alstom successfully completed the first tests of a hybrid electric-diesel-battery train on the Toulouse-Mazamet and Toulouse-Rodez lines in the South of France. Considering these developments hybrid train market will provide growth opportunities in the near future. For passenger transportation, Europe is a significant market for hybrid trains. The main mode of transportation for passengers in Germany is rolling stock. The main element influencing the adoption of railroads for passenger transportation in Germany is the availability of reliable infrastructure for urban and intercity mass transit. The number of passengers using passenger trains, particularly those in Germany, has increased globally. Increasing awareness of the environmental impact of transportation has led to a growing demand for more eco-friendly modes of travel. Hybrid trains, which combine both electric and diesel power, offer reduced emissions compared to traditional diesel trains, making them a more sustainable option. In order to provide efficient and environmentally friendly passenger trains, railroad operators are collaborating with OEMs.

Hybrid Trains with speeds above 200 KM/H to be one of the largest markets during the forecast period

Hybrid Trains with speeds above 200 KM/H to be one of the largest markets during the forecast period. The improvement of hybrid technologies and the evolution of train traction systems have accelerated improvements in the operating speed range of trains. This aspect has caused hybrid trains' operational speeds to rise rapidly and surpass 200 km/h. Due to hybrid trains' early development, improvements in their running speeds are not occurring as quickly as with conventional trains. Due to the need to cut down on commuting times and traffic on rail lines, this speed range of high-speed trains is anticipated to experience exponential expansion. Diesel electric propulsion is the most common type of propulsion for hybrid trains operating in this range of speeds. CRRC Qingdao Sifang Locomotive & Rolling Stock Co., Ltd (Sifang) is developing a hybrid train with an operating speed of 250 km/h. The train is currently undergoing testing and is expected to enter commercial service in 2024. The launch of a hybrid train with an operating speed of 200 km/h is a significant development in the railway industry. It is a sign that the industry is moving towards more sustainable and efficient modes of transportation. The success of this train could lead to the development of hybrid trains with even higher speeds and better performance in the future.

Europe is the largest market for Hybrid trains during the forecast period

Europe is home to many leading railway manufacturers such as Alstom (France), Siemens (Germany), Hitachi Rail (Italy), and CAF (Spain). The railway industry is one of the key contributors to the European economy. The region for this study is segmented into Germany, France, Spain, Austria, and the UK. Europe has stringent environmental regulations and ambitious sustainability targets. Hybrid trains, which combine electric and alternative power sources, help rail operators reduce greenhouse gas emissions, meet emissions standards, and contribute to a cleaner environment. Many European governments offer incentives, subsidies, and grants to promote the adoption of hybrid and electric trains. These financial incentives encourage rail operators to invest in greener transportation options. For instance, the UK government has announced that it will be phasing out all the trains running solely on diesel by 2040. Many of the top train manufacturers from the region, such as Alstom, Siemens, Hitachi Rail STS, and CAF, have incorporated hybrid technologies in their trains. In August 2023, Alstom and the Central Saxony transport authority, Verkehrsverbund Mittelsachsen (VMS), presented in Chemnitz, Germany, a new battery-powered train developed by Alstom. A total of eleven Coradia Continental battery-electric trains have been ordered by VMS. These trains will enter service in 2024 on the Chemnitz-Leipzig line. In January 2022, Alstom and Deutsche Bahn tested the first battery train in passenger operation in Germany. UK and Germany are planning to complete the electrification of railway lines to control or reduce emissions through diesel trains, which will present a big opportunity for all hybrid train manufacturers, resulting in the overall European hybrid train market growth.

Hybrid Train Market Size, and Share

Key Market Players

The hybrid train market is dominated by CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US), and Stadler Rail AG (Switzerland), among others. These companies manufacture trains and develop new technologies. These companies have set up R&D facilities and offer best-in-class products to their customers.

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Scope of the Report

Report Metric

Details

Market size available for years

2019–2030

Base year considered

2022

Forecast period

2023-2030

Forecast units

Volume (Units)

Segments Covered

Battery Type, Application, Operating Speed, Service Power, Propulsion Type, and Region

Geographies covered

Asia Oceania, Europe, North America, the Middle East & Africa, and the Rest of the World

Companies Covered

CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US), and Stadler Rail AG (Switzerland).
A total of 27 major company profiles were covered and provided.

This research report categorizes the Hybrid Train market based on Battery Type, Application, Operating Speed, Service Power, Propulsion Type, and Region.

Based on Battery Type:
  • Lead acid
  • Lithium-ion
  • Sodium-Ion
  • Nickel Cadmium
  • Others
Based on Application:
  • Passenger
  • Freight
Based on Operating Speed:
  • Below 100 KM/H
  • 100–200 KM/H
  • Above 200 KM/H
Based on Service Power:
  • Less than 2000 kW
  • Between 2000 to 4000 kW
  • Above 4000 kW
Based on Propulsion Type:
  • Electro Diesel
  • Battery Electric
  • Hydrogen Battery
Based on the region:
  • Asia Oceania
    • Australia
    • China
    • India
    • Japan
    • New Zealand
    • South Korea
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Austria
    • France
    • Germany
    • Italy
    • Spain
    • UK

Recent Developments

  • In August 2023, Alstom and the Verkehrsverbund Mittelsachsen (VMS) of Central Saxony unveiled a new battery-powered train in Chemnitz, Germany. VMS has ordered a total of eleven Coradia Continental battery-electric trains. These trains will begin service on the Chemnitz-Leipzig route in 2024.
  • In June 2023, The CRRC unveiled the "world's most powerful" hydrogen train. The new Ningdong engine apparently has a 270kg liquefied hydrogen capacity and can run for up to 190 hours.
  • In May 2023, Alstom and Export Development Canada (EDC), Canada’s export credit agency, signed a Sustainable Global Corporate Partnership agreement to promote investments in clean mobility worldwide.
  • In May 2023, Siemens Mobility and Niederbarnimer Eisenbahn (NEB) unveiled the final design of the Mireo Plus, which will enter operation on the Heidekrautbahn and East Brandenburg train networks in December 2024.
  • In June 2022, the 3000 HP permanent magnet hybrid shunting locomotive developed by CRRC reached about 2000 km of safe operation. Compared with the traditional shunting diesel locomotive, the locomotive was highly praised by customers for its outstanding energy efficiency and environmental protection effect.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 25)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           TABLE 1 HYBRID TRAIN MARKET DEFINITION, BY BATTERY TYPE
           TABLE 2 HYBRID TRAIN MARKET DEFINITION, BY APPLICATION
           TABLE 3 HYBRID TRAIN MARKET DEFINITION, BY PROPULSION
           TABLE 4 HYBRID TRAIN MARKET DEFINITION, BY OPERATING SPEED
           TABLE 5 HYBRID TRAIN MARKET DEFINITION, BY SERVICE POWER
           1.2.1 INCLUSIONS AND EXCLUSIONS
                    TABLE 6 HYBRID TRAIN MARKET: INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 HYBRID TRAIN MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
           TABLE 7 CURRENCY EXCHANGE RATES
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 33)
    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 List of key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary source
                    2.1.2.2 List of participating companies for primary research
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
                    2.1.2.3 Major objectives of primary research
                    2.1.2.4 Primary participants
    2.2 MARKET ESTIMATION METHODOLOGY 
           FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
    2.3 MARKET SIZE ESTIMATION 
           FIGURE 6 HYBRID TRAIN MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    FIGURE 9 HYBRID TRAIN MARKET: RESEARCH DESIGN AND METHODOLOGY
    2.4 DATA TRIANGULATION 
           FIGURE 10 HYBRID TRAIN MARKET: DATA TRIANGULATION
    2.5 FACTOR ANALYSIS 
           FIGURE 11 FACTORS IMPACTING HYBRID TRAIN MARKET
           2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.6 RECESSION IMPACT ANALYSIS 
    2.7 RESEARCH ASSUMPTIONS 
    2.8 RESEARCH LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 48)
    FIGURE 12 HYBRID TRAIN MARKET OVERVIEW 
    FIGURE 13 HYBRID TRAIN MARKET, BY REGION, 2023–2030 
    FIGURE 14 HYBRID TRAIN MARKET PERFORMANCE IN 2023 
    FIGURE 15 PASSENGER SEGMENT TO LEAD HYBRID TRAIN MARKET IN 2023 
 
4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID TRAIN MARKET 
           FIGURE 16 ADVANCEMENTS IN BATTERY TECHNOLOGY AND HYBRID PROPULSION SYSTEMS TO DRIVE MARKET
    4.2 HYBRID TRAIN MARKET, BY APPLICATION 
           FIGURE 17 PASSENGER SEGMENT TO HOLD LARGER MARKET SHARE IN 2023
    4.3 HYBRID TRAIN MARKET, BY OPERATING SPEED 
           FIGURE 18 HYBRID TRAINS WITH 100-200 KM/H OPERATING SPEED TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.4 HYBRID TRAIN MARKET, BY SERVICE POWER 
           FIGURE 19 ABOVE 4000 KW SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
    4.5 HYBRID TRAIN MARKET, BY REGION 
           FIGURE 20 EUROPE TO LEAD HYBRID TRAIN MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 21 HYBRID TRAIN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing stringency in emission norms
                               5.2.1.1.1 Emissions standards issued by UIC
                                             5.2.1.1.1.1 UIC 624-1
                               TABLE 8 EMISSIONS STANDARD, UIC 624-1
                                             5.2.1.1.1.2 UIC 624-2
                               TABLE 9 EMISSIONS STANDARD, UIC 624-2
                                             5.2.1.1.1.3 UIC 624-3
                                             5.2.1.1.1.4 UIC 624-4
                    5.2.1.2 Rising demand for less polluting train operations and energy-efficient transport
                               FIGURE 22 RAIL OPERATORS TO ADDRESS EMISSIONS WITH 5 LEVELS
                               FIGURE 23 GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2000–2030
                    5.2.1.3 Benefits of hybrid trains over conventional diesel trains
                               FIGURE 24 CURRENT AND FUTURE EMISSION TECHNOLOGIES
                    5.2.1.4 Increasing preference for railway-based public transport to reduce traffic congestion
                               FIGURE 25 DRIVING TIME SPENT IN TRAFFIC CONGESTION IN US, 2022
           5.2.2 RESTRAINTS
                    5.2.2.1 High development costs 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
                               FIGURE 26 PROTOTYPE OF HYDROGEN TRAIN
                    5.2.3.2 Development of battery-operated trains
                               FIGURE 27 BENEFITS OF USING BATTERIES IN RAIL FOR MAXIMUM OPERATIONAL FLEXIBILITY
                    5.2.3.3 Retrofitting of diesel-electric trains
           5.2.4 CHALLENGES
                    5.2.4.1 Technical challenges related to lead-acid and lithium-ion batteries
                               FIGURE 28 COMPARISON OF BATTERY RECYCLING: LEAD-ACID VS. LITHIUM-ION
                    5.2.4.2 High cost of charging infrastructure development
                               TABLE 10 HYBRID TRAIN MARKET: IMPACT OF MARKET DYNAMICS
    5.3 PRICING ANALYSIS 
           5.3.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PROPULSION, 2023
           5.3.2 AVERAGE SELLING PRICE TRENDS, BY ELECTRO-DIESEL PROPULSION, BY REGION
                    FIGURE 29 AVERAGE SELLING PRICE TRENDS, BY ELECTRO-DIESEL PROPULSION, BY REGION, 2018–2023
           5.3.3 AVERAGE SELLING PRICE OF TRAIN BATTERIES
                    TABLE 11 AVERAGE SELLING PRICE OF TRAIN BATTERIES, BY TYPE
           5.3.4 AVERAGE SELLING PRICE OF HVAC SYSTEMS
                    TABLE 12 AVERAGE SELLING PRICE OF HVAC SYSTEMS, BY APPLICATION
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 30 HYBRID TRAIN MARKET: ECOSYSTEM ANALYSIS
           TABLE 13 HYBRID TRAIN MARKET: ROLE OF COMPANIES IN ECOSYSTEM
           TABLE 14 LIST OF KEY TRAIN BATTERY SUPPLIERS
           TABLE 15 LIST OF KEY TRAIN HVAC SYSTEM SUPPLIERS
           TABLE 16 LIST OF KEY ELECTRONICS PART SUPPLIERS
    5.5 MACROECONOMIC INDICATORS 
           5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES
                    TABLE 17 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
                    TABLE 18 REAL GDP GROWTH RATE (ANNUAL PERCENTAGE CHANGE AND FORECAST), BY MAJOR ECONOMIES, 2022–2026
                    TABLE 19 GDP PER CAPITA TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2022–2026 (USD BILLION)
    5.6 VALUE CHAIN ANALYSIS 
           FIGURE 31 HYBRID TRAIN MARKET: VALUE CHAIN ANALYSIS
           5.6.1 RESEARCH & DEVELOPMENT
           5.6.2 PROCUREMENT OF RAW MATERIALS
           5.6.3 PRODUCTION DEPARTMENT
           5.6.4 FINAL ASSEMBLY AND TESTING
           5.6.5 MAINTENANCE AND OVERHAUL
                    FIGURE 32 TRAIN BATTERY MARKET: VALUE CHAIN ANALYSIS
                    FIGURE 33 TRAIN HVAC SYSTEM MARKET: VALUE CHAIN ANALYSIS
    5.7 VALUE STREAM MAPPING 
           TABLE 20 VALUE STREAM MAPPING FOR TRAIN BATTERY MARKET
           TABLE 21 VALUE STREAM MAPPING FOR TRAIN HVAC SYSTEM MARKET
    5.8 AVERAGE LIFESPAN OF HYBRID TRAINS, BY REGION 
           5.8.1 ELECTRO-DIESEL TRAINS
                    TABLE 22 AVERAGE AGE OF ELECTRO-DIESEL TRAINS, BY REGION
           5.8.2 BATTERY ELECTRIC TRAINS
                    TABLE 23 AVERAGE AGE OF BATTERY ELECTRIC TRAINS, BY REGION
           5.8.3 HYDROGEN BATTERY TRAINS
                    TABLE 24 AVERAGE AGE OF HYDROGEN BATTERY TRAINS, BY REGION
    5.9 CASE STUDY ANALYSIS 
           5.9.1 DEVELOPMENT OF CLIMATE-NEUTRAL DRIVE SYSTEM FOR BRIDGING NON-ELECTRIFIED SUBSECTIONS OF LINE
           5.9.2 GOLINC-M MODULES
           5.9.3 ENVIRONMENTALLY FRIENDLY MONORAIL SYSTEM USED BY 70,000 RIDERS/DAY IN KOREAN METROPOLIS
           5.9.4 SCOTTISH HYDROGEN TRAIN ON TRACK TO DELIVER CLIMATE TARGETS
           5.9.5 FREIGHTLINER TO PROGRESS TOWARD LOW-EMISSION FUEL
    5.10 PATENT ANALYSIS 
           TABLE 25 IMPORTANT PATENT REGISTRATIONS RELATED TO HYBRID TRAIN MARKET
    5.11 TECHNOLOGY ANALYSIS 
           5.11.1 INTRODUCTION
           5.11.2 REGENERATIVE BRAKING IN TRAINS
                    FIGURE 34 REGENERATIVE BRAKING SYSTEM IN TRAINS
           5.11.3 AUTONOMOUS TRAINS
                    TABLE 26 LEVEL OF AUTONOMY FOR AUTONOMOUS TRAINS
           5.11.4 USE OF FUEL CELLS FOR HEAVY-LOAD TRANSPORTATION
                    FIGURE 35 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016–2050
           5.11.5 RAPID CHARGING TRAIN OPERATIONAL CONCEPTS FOR HYBRID HEAVY HAUL LOCOMOTIVES
           5.11.6 DEVELOPMENT OF TRI-MODE HYBRID TRAINS
                    FIGURE 36 SPECIFICATIONS OF TRI-MODE BATTERY TRAIN
           5.11.7 MITRAC PULSE TRACTION BATTERY
           5.11.8 MRX NICKEL TECHNOLOGY BATTERY
    5.12 KEY TRENDS IN ALTERNATE FUELS (PROPULSION/AUXILIARY) 
           5.12.1 CNG
           5.12.2 LNG
           5.12.3 HYDROGEN
           5.12.4 SOLAR
    5.13 TARIFF AND REGULATORY LANDSCAPE 
           5.13.1 US
           5.13.2 EUROPE
                    TABLE 27 STANDARDS: RAIL TRACTION ENGINES (STAGE III A)
                    TABLE 28 STANDARDS: RAIL TRACTION ENGINES (STAGE III B)
           5.13.3 INDIA
                    TABLE 29 DESIGN OF EQUIPMENT, SYSTEM, AND SUB-SYSTEMS TO COMPLY WITH FOLLOWING STANDARDS
           5.13.4 SOUTH KOREA
           5.13.5 CHINA
           5.13.6 CANADA
           5.13.7 UK
           5.13.8 SPAIN
           5.13.9 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 30 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 31 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 32 ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 33 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.14 TRADE ANALYSIS 
           5.14.1 US
                    FIGURE 37 US: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.2 CHINA
                    FIGURE 38 CHINA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.3 GERMANY
                    FIGURE 39 GERMANY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.4 UK
                    FIGURE 40 UK: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.5 FRANCE
                    FIGURE 41 FRANCE: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.6 INDIA
                    FIGURE 42 INDIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.7 ITALY
                    FIGURE 43 ITALY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.8 AUSTRIA
                    FIGURE 44 AUSTRIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.14.9 SWITZERLAND
                    FIGURE 45 SWITZERLAND: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
                    5.14.10 JAPAN
                               FIGURE 46 JAPAN: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
    5.15 KEY CONFERENCES AND EVENTS IN 2023–2024 
                    TABLE 34 HYBRID TRAIN MARKET: KEY CONFERENCES AND EVENTS
    5.16 TRENDS AND DISRUPTIONS IMPACTING MARKET 
                    FIGURE 47 REVENUE SOURCES FOR HYBRID TRAIN MARKET
    5.17 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.17.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 48 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION
                    TABLE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION (%)
           5.17.2 BUYING CRITERIA
                    FIGURE 49 KEY BUYING CRITERIA
                    TABLE 36 KEY BUYING CRITERIA
    5.18 HYBRID TRAIN MARKET SCENARIO ANALYSIS 
           5.18.1 MOST LIKELY SCENARIO
                    TABLE 37 MOST LIKELY SCENARIO, BY REGION, 2023–2030 (USD MILLION)
           5.18.2 OPTIMISTIC SCENARIO
                    TABLE 38 OPTIMISTIC SCENARIO, BY REGION, 2023–2030 (USD MILLION)
           5.18.3 PESSIMISTIC SCENARIO
                    TABLE 39 PESSIMISTIC SCENARIO, BY REGION, 2023–2030 (USD MILLION)
    5.19 DETAILS OF HYBRID TRAIN RAILWAY PROJECTS WORLDWIDE 
                    TABLE 40 EUROPE: RAILWAY PROJECTS
                    TABLE 41 NORTH AMERICA: RAILWAY PROJECTS
                    TABLE 42 ASIA OCEANIA: RAILWAY PROJECTS
                    TABLE 43 REST OF THE WORLD: RAILWAY PROJECTS
 
6 HYBRID TRAIN MARKET, BY APPLICATION (Page No. - 122)
    6.1 INTRODUCTION 
           FIGURE 50 FREIGHT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 44 HYBRID TRAIN MARKET, BY APPLICATION, 2018–2022 (UNITS)
           TABLE 45 HYBRID TRAIN MARKET, BY APPLICATION, 2023–2030 (UNITS)
           TABLE 46 OEMS IN HYBRID TRAIN MARKET, BY APPLICATION
    6.2 PASSENGER 
           TABLE 47 PASSENGER: HYBRID TRAIN MARKET, BY TRAIN TYPE, 2018–2022 (UNITS)
           TABLE 48 PASSENGER: HYBRID TRAIN MARKET, BY TRAIN TYPE, 2023–2030 (UNITS)
           6.2.1 LONG DISTANCE TRAIN
                    6.2.1.1 Increasing investment in high-speed rail infrastructure to drive growth
                               TABLE 49 LONG DISTANCE HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                               TABLE 50 LONG DISTANCE HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
           6.2.2 URBAN TRANSIT TRAIN
                    6.2.2.1 Rising urbanization and traffic congestion to drive growth
                               TABLE 51 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                               TABLE 52 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    6.3 FREIGHT 
           6.3.1 DEVELOPMENT OF HYBRID TECHNOLOGIES TO DRIVE GROWTH
                    TABLE 53 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 54 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    6.4 KEY PRIMARY INSIGHTS 
 
7 HYBRID TRAIN MARKET, BY SERVICE POWER (Page No. - 130)
    7.1 INTRODUCTION 
           FIGURE 51 BETWEEN 2000 TO 4000 KW SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 55 HYBRID TRAIN MARKET, BY SERVICE POWER, 2018–2022 (UNITS)
           TABLE 56 HYBRID TRAIN MARKET, BY SERVICE POWER, 2023–2030 (UNITS)
    7.2 LESS THAN 2000 KW 
           7.2.1 RISE IN DEMAND FOR URBAN TRANSIT TO DRIVE GROWTH
                    TABLE 57 LESS THAN 2000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 58 LESS THAN 2000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    7.3 BETWEEN 2000 TO 4000 KW 
           7.3.1 INCREASING DEMAND FOR HIGH-SPEED RAIL TO DRIVE GROWTH
                    TABLE 59 BETWEEN 2000 TO 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 60 BETWEEN 2000 TO 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    7.4 ABOVE 4000 KW 
           7.4.1 ADVANCEMENT IN PROPULSION TECHNOLOGY TO DRIVE GROWTH
                    TABLE 61 ABOVE 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 62 ABOVE 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    7.5 KEY PRIMARY INSIGHTS 
 
8 HYBRID TRAIN MARKET, BY OPERATING SPEED (Page No. - 136)
    8.1 INTRODUCTION 
           FIGURE 52 100-200 KM/H SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 63 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2018–2022 (UNITS)
           TABLE 64 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2023–2030 (UNITS)
    8.2 BELOW 100 KM/H 
           8.2.1 DEVELOPMENT IN PROPULSION TECHNOLOGIES TO DRIVE GROWTH
                    TABLE 65 BELOW 100 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 66 BELOW 100 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    8.3 100–200 KM/H 
           8.3.1 ADVANCEMENTS IN HYDROGEN FUEL CELL AND BATTERY-OPERATED TRAINS TO DRIVE GROWTH
                    TABLE 67 100–200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 68 100–200 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    8.4 ABOVE 200 KM/H 
           8.4.1 INCREASE IN INVESTMENT FOR HIGH-SPEED RAIL TO DRIVE GROWTH
                    TABLE 69 ABOVE 200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 70 ABOVE 200 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    8.5 KEY PRIMARY INSIGHTS 
 
9 HYBRID TRAIN MARKET, BY PROPULSION (Page No. - 142)
    9.1 INTRODUCTION 
           TABLE 71 DIFFERENCE BETWEEN ELECTRO-DIESEL, BATTERY-ELECTRIC, AND HYDROGEN-BATTERY HYBRID TRAINS
           TABLE 72 HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
           TABLE 73 HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
           TABLE 74 HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
           TABLE 75 HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
           TABLE 76 HYBRID TRAIN MODELS, BY PROPULSION
    9.2 ELECTRO DIESEL 
           9.2.1 RISING DEMAND FOR ENERGY-EFFICIENT LOCOMOTIVES TO DRIVE GROWTH
                    TABLE 77 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 78 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
                    TABLE 79 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 80 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2023–2030 (USD MILLION)
    9.3 BATTERY ELECTRIC 
           9.3.1 CONTINUOUS DEVELOPMENTS IN BATTERY TECHNOLOGIES TO DRIVE GROWTH
    9.4 HYDROGEN BATTERY 
           9.4.1 DEMAND FOR CLEAN TRANSPORTATION TO DRIVE GROWTH
    9.5 KEY PRIMARY INSIGHTS 
 
10 HYBRID TRAIN MARKET, BY BATTERY TYPE (Page No. - 149)
     10.1 INTRODUCTION 
               FIGURE 53 TYPES OF LITHIUM-ION BATTERIES
     10.2 LEAD-ACID 
     10.3 LITHIUM-ION 
               FIGURE 54 LITHIUM-ION BATTERY USED IN REGIONAL BATTERY TRAIN
             10.3.1 LITHIUM-TITANATE OXIDE (LTO)
             10.3.2 LITHIUM IRON PHOSPHATE (LFP)
             10.3.3 LITHIUM-NICKEL-MANGANESE-COBALT-OXIDE (NMC)
     10.4 SODIUM-ION 
     10.5 NICKEL-CADMIUM 
     10.6 OTHERS 
 
11 HYBRID TRAIN MARKET, BY REGION (Page No. - 153)
     11.1 INTRODUCTION 
               FIGURE 55 EUROPE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
               TABLE 81 HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
               TABLE 82 HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
               TABLE 83 HYBRID TRAIN MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 84 HYBRID TRAIN MARKET, BY REGION, 2023–2030 (USD MILLION)
     11.2 ASIA OCEANIA 
             11.2.1 RECESSION IMPACT ANALYSIS
                       FIGURE 56 ASIA OCEANIA: HYBRID TRAIN MARKET SNAPSHOT
                       TABLE 85 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 86 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
                       TABLE 87 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 88 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             11.2.2 CHINA
                       11.2.2.1 Increase in demand for high-speed hybrid trains to drive growth
                                   TABLE 89 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 90 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 91 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 92 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.2.3 JAPAN
                       11.2.3.1 Presence of leading hybrid train manufacturers to drive growth
                                   TABLE 93 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 94 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 95 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 96 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.2.4 INDIA
                       11.2.4.1 Increasing railway electrification to drive growth
                                   TABLE 97 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 98 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 99 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 100 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.2.5 SOUTH KOREA
                       11.2.5.1 Increase in infrastructure investments for hybrid trains to drive growth
                                   TABLE 101 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 102 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 103 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 104 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.2.6 NEW ZEALAND
                       11.2.6.1 Rising number of railway projects to drive growth
                                   TABLE 105 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 106 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 107 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 108 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.2.7 AUSTRALIA
                       11.2.7.1 Rise in government investment in railways sector to drive growth
                                   TABLE 109 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 110 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 111 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 112 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
     11.3 EUROPE 
             11.3.1 RECESSION IMPACT ANALYSIS
                       FIGURE 57 GERMANY TO HOLD LARGEST MARKET SHARE IN EUROPE DURING FORECAST PERIOD
                       TABLE 113 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 114 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
                       TABLE 115 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 116 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             11.3.2 FRANCE
                       11.3.2.1 Rising demand for less polluting trains to drive growth
                                   TABLE 117 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 118 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 119 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 120 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.3.3 GERMANY
                       11.3.3.1 Increase in investment for upgrading railway infrastructure to drive growth
                                   TABLE 121 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 122 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 123 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 124 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.3.4 ITALY
                       11.3.4.1 Increasing modernization and expansion of existing railway network to drive growth
                                   TABLE 125 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 126 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 127 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 128 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.3.5 SPAIN
                       11.3.5.1 Increasing high-speed railway network and presence of reputed hybrid train manufacturers to drive growth
                                   TABLE 129 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 130 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 131 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 132 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.3.6 AUSTRIA
                       11.3.6.1 Replacement of current diesel trains with electro-diesel trains to drive growth
                                   TABLE 133 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 134 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 135 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 136 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.3.7 UK
                       11.3.7.1 Rise in government investment in emission-free transportation to drive growth
                                   TABLE 137 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 138 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 139 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 140 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
     11.4 NORTH AMERICA 
             11.4.1 RECESSION IMPACT ANALYSIS
                       FIGURE 58 NORTH AMERICA: HYBRID TRAIN MARKET SNAPSHOT
                       TABLE 141 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 142 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
                       TABLE 143 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 144 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             11.4.2 US
                       11.4.2.1 Rising demand for hybrid freight trains to drive growth
                                   TABLE 145 US: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 146 US: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 147 US: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 148 US: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.4.3 CANADA
                       11.4.3.1 Increasing passenger and freight transportation to drive growth
                                   TABLE 149 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 150 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 151 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 152 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.4.4 MEXICO
                       11.4.4.1 Rising concerns about reduction in carbon emissions to drive growth
                                   TABLE 153 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 154 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 155 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 156 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 RECESSION IMPACT ANALYSIS
                       FIGURE 59 EGYPT TO HOLD LARGEST MARKET SHARE IN MIDDLE EAST & AFRICA DURING FORECAST PERIOD
                       TABLE 157 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 158 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
                       TABLE 159 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 160 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             11.5.2 SOUTH AFRICA
                       11.5.2.1 Rise in government spending on greener trains to drive growth
                                   TABLE 161 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 162 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 163 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 164 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.5.3 UAE
                       11.5.3.1 Development in railway technologies to drive growth
                                   TABLE 165 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 166 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 167 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 168 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.5.4 EGYPT
                       11.5.4.1 Government plans to invest in hybrid train lines for tourism to drive growth
                                   TABLE 169 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 170 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 171 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 172 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
     11.6 REST OF THE WORLD 
               FIGURE 60 RUSSIA TO HOLD LARGEST MARKET SHARE IN REST OF THE WORLD DURING FORECAST PERIOD
               TABLE 173 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
               TABLE 174 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
               TABLE 175 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
               TABLE 176 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
             11.6.1 BRAZIL
                       11.6.1.1 Rising electrification of existing networks to drive growth
                                   TABLE 177 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 178 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 179 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 180 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.6.2 RUSSIA
                       11.6.2.1 Increasing demand for electro-diesel trains to drive growth
                                   TABLE 181 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 182 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 183 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 184 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
             11.6.3 ARGENTINA
                       11.6.3.1 Modernization of railway network to drive growth
                                   TABLE 185 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 186 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
                                   TABLE 187 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (USD MILLION)
                                   TABLE 188 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 191)
     12.1 OVERVIEW 
     12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 
               TABLE 189 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN HYBRID TRAIN MARKET
     12.3 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2022 
               TABLE 190 MARKET SHARE ANALYSIS, 2022
               FIGURE 61 HYBRID TRAIN MARKET SHARE ANALYSIS, 2022
             12.3.1 CRRC
             12.3.2 ALSTOM
             12.3.3 SIEMENS
             12.3.4 WABTEC CORPORATION
             12.3.5 STADLER RAIL AG
             12.3.6 MARKET SHARE ANALYSIS FOR TRAIN BATTERY MARKET, 2022
                       TABLE 191 MARKET SHARE ANALYSIS FOR TRAIN BATTERY MARKET, 2022
                       12.3.6.1 EnerSys
                       12.3.6.2 Saft
                       12.3.6.3 Exide Industries Ltd.
                       12.3.6.4 Amara Raja Energy & Mobility Limited
                       12.3.6.5 GS Yuasa International Ltd.
             12.3.7 MARKET SHARE ANALYSIS FOR TRAIN HVAC SYSTEM MARKET, 2022
                       TABLE 192 MARKET SHARE ANALYSIS FOR TRAIN HVAC SYSTEM MARKET, 2022
                       12.3.7.1 Knorr-Bremse AG
                       12.3.7.2 Liebherr Group
                       12.3.7.3 Wabtec Corporation
                       12.3.7.4 Mitsubishi Electric Corporation
                       12.3.7.5 Trane Technologies plc
     12.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 
               FIGURE 62 TOP PUBLIC/LISTED PLAYERS IN HYBRID TRAIN MARKET IN LAST 5 YEARS
     12.5 COMPETITIVE SCENARIO 
             12.5.1 PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 193 PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2023
             12.5.2 DEALS
                       TABLE 194 DEALS, 2021–2023
             12.5.3 OTHERS
                       TABLE 195 OTHERS, 2021–2023
     12.6 COMPANY EVALUATION MATRIX 
             12.6.1 STARS
             12.6.2 PERVASIVE PLAYERS
             12.6.3 EMERGING LEADERS
             12.6.4 PARTICIPANTS
                       FIGURE 63 HYBRID TRAIN MARKET: COMPANY EVALUATION MATRIX, 2022
                       TABLE 196 HYBRID TRAIN MARKET: COMPANY REGION FOOTPRINT, 2022
                       TABLE 197 HYBRID TRAIN MARKET: COMPANY APPLICATION FOOTPRINT, 2022
                       TABLE 198 HYBRID TRAIN MARKET: COMPANY BATTERY TYPE FOOTPRINT, 2022
                       TABLE 199 HYBRID TRAIN MARKET: COMPANY PRODUCT, APPLICATION, AND REGION FOOTPRINT, 2022
     12.7 STARTUP/SME EVALUATION MATRIX 
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                       FIGURE 64 HYBRID TRAIN MARKET: STARTUP/SME EVALUATION MATRIX, 2022
                       TABLE 200 HYBRID TRAIN MARKET: STARTUP/SME REGION FOOTPRINT, 2022
                       TABLE 201 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION FOOTPRINT, 2022
                       TABLE 202 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION AND REGION FOOTPRINT, 2022
 
13 COMPANY PROFILES (Page No. - 216)
(Business overview, Products offered, Recent developments & MnM View)*
     13.1 KEY PLAYERS 
             13.1.1 CRRC CORPORATION LIMITED (CRRC)
                       TABLE 203 CRRC: COMPANY OVERVIEW
                       FIGURE 65 CRRC: COMPANY SNAPSHOT
                       TABLE 204 CRRC: PRODUCTS OFFERED
                       TABLE 205 CRRC: PRODUCT DEVELOPMENTS
                       TABLE 206 CRRC: DEALS
             13.1.2 ALSTOM
                       TABLE 207 ALSTOM: COMPANY OVERVIEW
                       FIGURE 66 ALSTOM: COMPANY SNAPSHOT
                       FIGURE 67 ALSTOM: NEW BUSINESS OPPORTUNITY SPACES
                       TABLE 208 ALSTOM: PRODUCTS OFFERED
                       TABLE 209 ALSTOM: PRODUCT DEVELOPMENTS
                       TABLE 210 ALSTOM: DEALS
                       TABLE 211 ALSTOM: OTHERS
             13.1.3 SIEMENS
                       TABLE 212 SIEMENS: COMPANY OVERVIEW
                       FIGURE 68 SIEMENS: COMPANY SNAPSHOT
                       TABLE 213 SIEMENS: PRODUCTS OFFERED
                       TABLE 214 SIEMENS: PRODUCT DEVELOPMENTS
                       TABLE 215 SIEMENS: DEALS
                       TABLE 216 SIEMENS: OTHERS
             13.1.4 WABTEC CORPORATION
                       TABLE 217 WABTEC CORPORATION: COMPANY OVERVIEW
                       FIGURE 69 WABTEC CORPORATION: COMPANY SNAPSHOT
                       TABLE 218 WABTEC CORPORATION: PRODUCTS OFFERED
                       TABLE 219 WABTEC CORPORATION: DEALS
                       TABLE 220 WABTEC CORPORATION: OTHERS
             13.1.5 STADLER RAIL AG
                       TABLE 221 STADLER RAIL AG: COMPANY OVERVIEW
                       FIGURE 70 STADLER RAIL AG: COMPANY SNAPSHOT
                       TABLE 222 STADLER RAIL AG: PRODUCTS OFFERED
                       TABLE 223 STADLER RAIL AG: PRODUCT DEVELOPMENTS
                       TABLE 224 STADLER RAIL AG: DEALS
                       TABLE 225 STADLER RAIL AG: OTHERS
             13.1.6 HYUNDAI ROTEM COMPANY
                       TABLE 226 HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
                       FIGURE 71 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
                       TABLE 227 HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
                       TABLE 228 HYUNDAI ROTEM COMPANY: PRODUCT DEVELOPMENTS
                       TABLE 229 HYUNDAI ROTEM COMPANY: DEALS
             13.1.7 HITACHI, LTD.
                       TABLE 230 HITACHI, LTD.: COMPANY OVERVIEW
                       FIGURE 72 HITACHI, LTD.: COMPANY SNAPSHOT
                       TABLE 231 HITACHI, LTD.: PRODUCTS OFFERED
                       TABLE 232 HITACHI, LTD.: PRODUCT DEVELOPMENTS
                       TABLE 233 HITACHI, LTD.: DEALS
             13.1.8 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)
                       TABLE 234 CAF: COMPANY OVERVIEW
                       FIGURE 73 CAF: COMPANY SNAPSHOT
                       TABLE 235 CAF: PRODUCTS OFFERED
                       TABLE 236 CAF: DEALS
             13.1.9 TOSHIBA
                       TABLE 237 TOSHIBA: COMPANY OVERVIEW
                       FIGURE 74 TOSHIBA: COMPANY SNAPSHOT
                       TABLE 238 TOSHIBA: PRODUCTS OFFERED
                       TABLE 239 TOSHIBA: PRODUCT DEVELOPMENTS
                       TABLE 240 TOSHIBA: DEALS
             13.1.10 CUMMINS INC.
                       TABLE 241 CUMMINS INC.: COMPANY OVERVIEW
                       FIGURE 75 CUMMINS INC.: COMPANY SNAPSHOT
                       TABLE 242 CUMMINS INC.: PRODUCTS OFFERED
                       TABLE 243 CUMMINS INC.: DEALS
             13.1.11 ABB
                       TABLE 244 ABB: COMPANY OVERVIEW
                       FIGURE 76 ABB: COMPANY SNAPSHOT
                       TABLE 245 ABB: PRODUCTS OFFERED
                       TABLE 246 ABB: DEALS
                       TABLE 247 ABB: OTHERS
             13.1.12 MITSUBISHI ELECTRIC CORPORATION
                       TABLE 248 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
                       FIGURE 77 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                       TABLE 249 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
                       TABLE 250 MITSUBISHI ELECTRIC CORPORATION: DEALS
             13.1.13 TALGO
                       TABLE 251 TALGO: COMPANY OVERVIEW
                       FIGURE 78 TALGO: COMPANY SNAPSHOT
                       TABLE 252 TALGO: PRODUCTS OFFERED
                       TABLE 253 TALGO: DEALS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     13.2 OTHER KEY PLAYERS 
             13.2.1 BNSF
                       TABLE 254 BNSF: COMPANY OVERVIEW
             13.2.2 BALLARD POWER SYSTEMS
                       TABLE 255 BALLARD POWER SYSTEMS: COMPANY OVERVIEW
             13.2.3 CHART INDUSTRIES
                       TABLE 256 CHART INDUSTRIES: COMPANY OVERVIEW
             13.2.4 RENFE OPERADORA
                       TABLE 257 RENFE OPERADORA: COMPANY OVERVIEW
             13.2.5 SKODA TRANSPORTATION
                       TABLE 258 SKODA TRANSPORTATION: COMPANY OVERVIEW
             13.2.6 DB CARGO
                       TABLE 259 DB CARGO: COMPANY OVERVIEW
             13.2.7 SNCF
                       TABLE 260 SNCF: COMPANY OVERVIEW
             13.2.8 ROLLS-ROYCE
                       TABLE 261 ROLLS-ROYCE: COMPANY OVERVIEW
             13.2.9 THE KINKI SHARYO CO., LTD.
                       TABLE 262 THE KINKI SHARYO CO., LTD.: COMPANY OVERVIEW
             13.2.10 KAWASAKI HEAVY INDUSTRIES
                       TABLE 263 KAWASAKI HEAVY INDUSTRIES: COMPANY OVERVIEW
             13.2.11 ETIHAD RAIL
                       TABLE 264 ETIHAD RAIL: COMPANY OVERVIEW
             13.2.12 SINARA TRANSPORT MACHINES
                       TABLE 265 SINARA TRANSPORT MACHINES: COMPANY OVERVIEW
             13.2.13 TRANSMASHHOLDING
                       TABLE 266 TRANSMASHHOLDING: COMPANY OVERVIEW
             13.2.14 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG
                       TABLE 267 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG: COMPANY OVERVIEW
 
14 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 277)
     14.1 NORTH AMERICA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD 
     14.2 INCREASING RAILWAY ELECTRIFICATION NETWORK TO DRIVE DEMAND FOR ELECTRO-DIESEL TRAINS 
     14.3 UPCOMING TRI-MODE TRAIN TECHNOLOGY TO OFFER MARKET GROWTH OPPORTUNITIES 
     14.4 CONCLUSION 
 
15 APPENDIX (Page No. - 279)
     15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS 
     15.2 DISCUSSION GUIDE 
     15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.4 CUSTOMIZATION OPTIONS 
     15.5 RELATED REPORTS 
     15.6 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 child markets. 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 were used to identify and collect information for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; whitepapers, certified publications; articles from recognized authors, directories, and databases; and articles from recognized associations and government publishing sources. Secondary research has been used to obtain key information about the industry’s value chain, the overall pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from the market- and technology-oriented perspectives.

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 four major regions, namely, Asia Pacific, Europe, North America, Middle East and Africa and Rest of the World. Approximately 25% and 75% 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.

Hybrid Train Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up 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 volume, 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.

Hybrid Train Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Hybrid Train Market Size, and Share

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.

Market Definition

The hybrid train market refers to the segment of the transportation industry focused on the development, manufacturing, distribution, and operation of trains that utilize a combination of multiple power sources for propulsion. These trains typically integrate traditional diesel or gas propulsion with electric, battery, or alternative energy sources to enhance efficiency, reduce emissions, and offer flexible and sustainable rail transportation solutions. The market encompasses various stakeholders, including train manufacturers, rail operators, government agencies, and technology providers, all working together to meet the growing demand for environmentally friendly, energy-efficient, and technologically advanced train systems.

List of Key Stakeholders

  • Train Manufacturers
  • Rail Operators
  • Government Authorities
  • Technology Providers
  • Infrastructure Providers
  • Battery Manufacturers
  • Energy Suppliers
  • Passenger and Freight Transport Companies
  • Maintenance and Service Providers
  • Research and Development Institutions
  • Environmental Organizations
  • Investors and Financiers
  • Local Communities
  • Passengers and Commuters
  • Supply Chain Partners
  • Standards Organizations

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 type (qualitative), application, operating speed, service power, propulsion type, and region
  • To segment and qualitatively cover the following battery types (Lead acid, lithium-ion, Sodium-Ion, Nickel Cadmium and Others)
  • To segment and forecast the market size by application (passenger and freight)
  • To segment and forecast the market size operating speed (below 100 KM/H, 100–200 KM/H, and above 200 KM/H).
  • To segment and forecast the market size service power (less than 2000 kW, between 2000 to 4000 kW and above 4000 kW).
  • To cover the hybrid train market by propulsion (Electro Diesel, Battery Electric, and Hydrogen Battery)
  • To segment and forecast the market size, by region (Asia Oceania, Europe, North America, Middle East & Africa, and the Rest of the World)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the hybrid train market
  • To understand the dynamics of competitors in the hybrid train 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 the hybrid market in the global industry

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs.

  • Hybrid Train Market, By Operating Speed Type, at the country level (For countries covered in the report)
  • Hybrid Train Market, By Application Type, at the country level (For countries covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AT 7055
Published ON
Oct, 2023
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