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

[257 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. - 21)
    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. - 29)
    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. - 44)
    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. - 48)
    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. - 51)
    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
    5.4 ECOSYSTEM ANALYSIS 
           FIGURE 30 HYBRID TRAIN MARKET: ECOSYSTEM ANALYSIS
           TABLE 11 HYBRID TRAIN MARKET: ROLE OF COMPANIES IN ECOSYSTEM
    5.5 MACROECONOMIC INDICATORS 
           5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES
                    TABLE 12 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
                    TABLE 13 REAL GDP GROWTH RATE (ANNUAL PERCENTAGE CHANGE AND FORECAST), BY MAJOR ECONOMIES, 2022–2026
                    TABLE 14 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
    5.7 CASE STUDY ANALYSIS 
           5.7.1 DEVELOPMENT OF CLIMATE-NEUTRAL DRIVE SYSTEM FOR BRIDGING NON-ELECTRIFIED SUBSECTIONS OF LINE
           5.7.2 GOLINC-M MODULES
           5.7.3 ENVIRONMENTALLY FRIENDLY MONORAIL SYSTEM USED BY 70,000 RIDERS/DAY IN KOREAN METROPOLIS
           5.7.4 SCOTTISH HYDROGEN TRAIN ON TRACK TO DELIVER CLIMATE TARGETS
           5.7.5 FREIGHTLINER TO PROGRESS TOWARD LOW-EMISSION FUEL
    5.8 PATENT ANALYSIS 
           TABLE 15 IMPORTANT PATENT REGISTRATIONS RELATED TO HYBRID TRAIN MARKET
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 INTRODUCTION
           5.9.2 REGENERATIVE BRAKING IN TRAINS
                    FIGURE 32 REGENERATIVE BRAKING SYSTEM IN TRAINS
           5.9.3 AUTONOMOUS TRAINS
                    TABLE 16 LEVEL OF AUTONOMY FOR AUTONOMOUS TRAINS
           5.9.4 USE OF FUEL CELLS FOR HEAVY-LOAD TRANSPORTATION
                    FIGURE 33 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016–2050
           5.9.5 RAPID CHARGING TRAIN OPERATIONAL CONCEPTS FOR HYBRID HEAVY HAUL LOCOMOTIVES
           5.9.6 DEVELOPMENT OF TRI-MODE HYBRID TRAINS
                    FIGURE 34 SPECIFICATIONS OF TRI-MODE BATTERY TRAIN
           5.9.7 MITRAC PULSE TRACTION BATTERY
           5.9.8 MRX NICKEL TECHNOLOGY BATTERY
    5.10 KEY TRENDS IN ALTERNATE FUELS (PROPULSION/AUXILIARY) 
           5.10.1 CNG
           5.10.2 LNG
           5.10.3 HYDROGEN
           5.10.4 SOLAR
    5.11 TARIFF AND REGULATORY LANDSCAPE 
                    5.11.1.1 US
                    5.11.1.2 Europe
                               TABLE 17 STANDARDS: RAIL TRACTION ENGINES (STAGE III A)
                               TABLE 18 STANDARDS: RAIL TRACTION ENGINES (STAGE III B)
                    5.11.1.3 India
                               TABLE 19 DESIGN OF EQUIPMENT, SYSTEM, AND SUB-SYSTEMS TO COMPLY WITH FOLLOWING STANDARDS
                    5.11.1.4 South Korea
                    5.11.1.5 China
           5.11.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 22 ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 23 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.12 TRADE ANALYSIS 
           5.12.1 US
                    FIGURE 35 US: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.2 CHINA
                    FIGURE 36 CHINA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.3 GERMANY
                    FIGURE 37 GERMANY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.4 UK
                    FIGURE 38 UK: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.5 FRANCE
                    FIGURE 39 FRANCE: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.6 INDIA
                    FIGURE 40 INDIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.7 ITALY
                    FIGURE 41 ITALY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.8 AUSTRIA
                    FIGURE 42 AUSTRIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
           5.12.9 SWITZERLAND
                    FIGURE 43 SWITZERLAND: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
                    5.12.10 JAPAN
                               FIGURE 44 JAPAN: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
    5.13 KEY CONFERENCES AND EVENTS IN 2023–2024 
                    TABLE 24 HYBRID TRAIN MARKET: KEY CONFERENCES AND EVENTS
    5.14 TRENDS AND DISRUPTIONS IMPACTING MARKET 
                    FIGURE 45 REVENUE SOURCES FOR HYBRID TRAIN MARKET
    5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 46 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION
                    TABLE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION (%)
           5.15.2 BUYING CRITERIA
                    FIGURE 47 KEY BUYING CRITERIA
                    TABLE 26 KEY BUYING CRITERIA
    5.16 HYBRID TRAIN MARKET SCENARIO ANALYSIS 
           5.16.1 MOST LIKELY SCENARIO
                    TABLE 27 MOST LIKELY SCENARIO, BY REGION, 2023–2030 (UNITS)
           5.16.2 OPTIMISTIC SCENARIO
                    TABLE 28 OPTIMISTIC SCENARIO, BY REGION, 2023–2030 (UNITS)
           5.16.3 PESSIMISTIC SCENARIO
                    TABLE 29 PESSIMISTIC SCENARIO, BY REGION, 2023–2030 (UNITS)
    5.17 DETAILS OF HYBRID TRAIN RAILWAY PROJECTS WORLDWIDE 
                    TABLE 30 EUROPE: RAILWAY PROJECTS
                    TABLE 31 NORTH AMERICA: RAILWAY PROJECTS
                    TABLE 32 ASIA OCEANIA: RAILWAY PROJECTS
                    TABLE 33 REST OF THE WORLD: RAILWAY PROJECTS
 
6 HYBRID TRAIN MARKET, BY APPLICATION (Page No. - 108)
    6.1 INTRODUCTION 
           FIGURE 48 FREIGHT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 34 HYBRID TRAIN MARKET, BY APPLICATION, 2018–2022 (UNITS)
           TABLE 35 HYBRID TRAIN MARKET, BY APPLICATION, 2023–2030 (UNITS)
           TABLE 36 OEMS IN HYBRID TRAIN MARKET, BY APPLICATION
    6.2 PASSENGER 
           TABLE 37 PASSENGER: HYBRID TRAIN MARKET, BY TRAIN TYPE, 2018–2022 (UNITS)
           TABLE 38 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 39 LONG DISTANCE HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                               TABLE 40 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 41 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                               TABLE 42 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    6.3 FREIGHT 
           6.3.1 DEVELOPMENT OF HYBRID TECHNOLOGIES TO DRIVE GROWTH
                    TABLE 43 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 44 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    6.4 KEY PRIMARY INSIGHTS 
 
7 HYBRID TRAIN MARKET, BY SERVICE POWER (Page No. - 116)
    7.1 INTRODUCTION 
           FIGURE 49 BETWEEN 2000 TO 4000 KW SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 45 HYBRID TRAIN MARKET, BY SERVICE POWER, 2018–2022 (UNITS)
           TABLE 46 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 47 LESS THAN 2000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 48 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 49 BETWEEN 2000 TO 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 50 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 51 ABOVE 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 52 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. - 122)
    8.1 INTRODUCTION 
           FIGURE 50 100-200 KM/H SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
           TABLE 53 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2018–2022 (UNITS)
           TABLE 54 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 55 BELOW 100 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 56 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 57 100–200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 58 100–200 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 59 ABOVE 200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 60 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. - 128)
    9.1 INTRODUCTION 
           TABLE 61 DIFFERENCE BETWEEN ELECTRO-DIESEL, BATTERY-ELECTRIC, AND HYDROGEN-BATTERY HYBRID TRAINS
           TABLE 62 HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
           TABLE 63 HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
           TABLE 64 HYBRID TRAIN MODELS, BY PROPULSION
    9.2 ELECTRO DIESEL 
           9.2.1 RISING DEMAND FOR ENERGY-EFFICIENT LOCOMOTIVES TO DRIVE GROWTH
                    TABLE 65 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
                    TABLE 66 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
    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. - 134)
     10.1 INTRODUCTION 
               FIGURE 51 TYPES OF LITHIUM-ION BATTERIES
     10.2 LEAD-ACID 
     10.3 LITHIUM-ION 
               FIGURE 52 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. - 138)
     11.1 INTRODUCTION 
               FIGURE 53 EUROPE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
               TABLE 67 HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
               TABLE 68 HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
     11.2 ASIA OCEANIA 
             11.2.1 RECESSION IMPACT ANALYSIS
                       FIGURE 54 ASIA OCEANIA: HYBRID TRAIN MARKET SNAPSHOT
                       TABLE 69 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 70 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
             11.2.2 CHINA
                       11.2.2.1 Increase in demand for high-speed hybrid trains to drive growth
                                   TABLE 71 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 72 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.2.3 JAPAN
                       11.2.3.1 Presence of leading hybrid train manufacturers to drive growth
                                   TABLE 73 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 74 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.2.4 INDIA
                       11.2.4.1 Increasing railway electrification to drive growth
                                   TABLE 75 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 76 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.2.5 SOUTH KOREA
                       11.2.5.1 Increase in infrastructure investments for hybrid trains to drive growth
                                   TABLE 77 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 78 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.2.6 NEW ZEALAND
                       11.2.6.1 Rising number of railway projects to drive growth
                                   TABLE 79 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 80 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.2.7 AUSTRALIA
                       11.2.7.1 Rise in government investment in railways sector to drive growth
                                   TABLE 81 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 82 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
     11.3 EUROPE 
             11.3.1 RECESSION IMPACT ANALYSIS
                       FIGURE 55 GERMANY TO HOLD LARGEST MARKET SHARE IN EUROPE DURING FORECAST PERIOD
                       TABLE 83 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 84 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
             11.3.2 FRANCE
                       11.3.2.1 Rising demand for less polluting trains to drive growth
                                   TABLE 85 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 86 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.3.3 GERMANY
                       11.3.3.1 Increase in investment for upgrading railway infrastructure to drive growth
                                   TABLE 87 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 88 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.3.4 ITALY
                       11.3.4.1 Increasing modernization and expansion of existing railway network to drive growth
                                   TABLE 89 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 90 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.3.5 SPAIN
                       11.3.5.1 Increasing high-speed railway network and presence of reputed hybrid train manufacturers to drive growth
                                   TABLE 91 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 92 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.3.6 AUSTRIA
                       11.3.6.1 Replacement of current diesel trains with electro-diesel trains to drive growth
                                   TABLE 93 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 94 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.3.7 UK
                       11.3.7.1 Rise in government investment in emission-free transportation to drive growth
                                   TABLE 95 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 96 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
     11.4 NORTH AMERICA 
             11.4.1 RECESSION IMPACT ANALYSIS
                       FIGURE 56 NORTH AMERICA: HYBRID TRAIN MARKET SNAPSHOT
                       TABLE 97 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 98 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
             11.4.2 US
                       11.4.2.1 Rising demand for hybrid freight trains to drive growth
                                   TABLE 99 US: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 100 US: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.4.3 CANADA
                       11.4.3.1 Increasing passenger and freight transportation to drive growth
                                   TABLE 101 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 102 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.4.4 MEXICO
                       11.4.4.1 Rising concerns about reduction in carbon emissions to drive growth
                                   TABLE 103 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 104 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
     11.5 MIDDLE EAST & AFRICA 
             11.5.1 RECESSION IMPACT ANALYSIS
                       FIGURE 57 EGYPT TO HOLD LARGEST MARKET SHARE IN MIDDLE EAST & AFRICA DURING FORECAST PERIOD
                       TABLE 105 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
                       TABLE 106 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
             11.5.2 SOUTH AFRICA
                       11.5.2.1 Rise in government spending on greener trains to drive growth
                                   TABLE 107 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 108 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.5.3 UAE
                       11.5.3.1 Development in railway technologies to drive growth
                                   TABLE 109 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 110 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.5.4 EGYPT
                       11.5.4.1 Government plans to invest in hybrid train lines for tourism to drive growth
                                   TABLE 111 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 112 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
     11.6 REST OF THE WORLD 
               FIGURE 58 RUSSIA TO HOLD LARGEST MARKET SHARE IN REST OF THE WORLD DURING FORECAST PERIOD
               TABLE 113 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
               TABLE 114 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
             11.6.1 BRAZIL
                       11.6.1.1 Rising electrification of existing networks to drive growth
                                   TABLE 115 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 116 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.6.2 RUSSIA
                       11.6.2.1 Increasing demand for electro-diesel trains to drive growth
                                   TABLE 117 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 118 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
             11.6.3 ARGENTINA
                       11.6.3.1 Modernization of railway network to drive growth
                                   TABLE 119 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
                                   TABLE 120 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
 
12 COMPETITIVE LANDSCAPE (Page No. - 166)
     12.1 OVERVIEW 
     12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN 
               TABLE 121 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN HYBRID TRAIN MARKET
     12.3 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2022 
               TABLE 122 MARKET SHARE ANALYSIS, 2022
               FIGURE 59 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
     12.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 
               FIGURE 60 TOP PUBLIC/LISTED PLAYERS IN HYBRID TRAIN MARKET IN LAST 5 YEARS
     12.5 COMPETITIVE SCENARIO 
             12.5.1 PRODUCT LAUNCHES/DEVELOPMENTS
                       TABLE 123 PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2023
             12.5.2 DEALS
                       TABLE 124 DEALS, 2021–2023
             12.5.3 OTHERS
                       TABLE 125 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 61 HYBRID TRAIN MARKET: COMPANY EVALUATION MATRIX, 2022
                       TABLE 126 HYBRID TRAIN MARKET: COMPANY REGION FOOTPRINT, 2022
                       TABLE 127 HYBRID TRAIN MARKET: COMPANY APPLICATION FOOTPRINT, 2022
                       TABLE 128 HYBRID TRAIN MARKET: COMPANY BATTERY TYPE FOOTPRINT, 2022
                       TABLE 129 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 62 HYBRID TRAIN MARKET: STARTUP/SME EVALUATION MATRIX, 2022
                       TABLE 130 HYBRID TRAIN MARKET: STARTUP/SME REGION FOOTPRINT, 2022
                       TABLE 131 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION FOOTPRINT, 2022
                       TABLE 132 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION AND REGION FOOTPRINT, 2022
 
13 COMPANY PROFILES (Page No. - 188)
(Business overview, Products offered, Recent developments & MnM View)*
     13.1 KEY PLAYERS 
             13.1.1 CRRC CORPORATION LIMITED (CRRC)
                       TABLE 133 CRRC: COMPANY OVERVIEW
                       FIGURE 63 CRRC: COMPANY SNAPSHOT
                       TABLE 134 CRRC: PRODUCTS OFFERED
                       TABLE 135 CRRC: PRODUCT DEVELOPMENTS
                       TABLE 136 CRRC: DEALS
             13.1.2 ALSTOM
                       TABLE 137 ALSTOM: COMPANY OVERVIEW
                       FIGURE 64 ALSTOM: COMPANY SNAPSHOT
                       FIGURE 65 ALSTOM: NEW BUSINESS OPPORTUNITY SPACES
                       TABLE 138 ALSTOM: PRODUCTS OFFERED
                       TABLE 139 ALSTOM: PRODUCT DEVELOPMENTS
                       TABLE 140 ALSTOM: DEALS
                       TABLE 141 ALSTOM: OTHERS
             13.1.3 SIEMENS
                       TABLE 142 SIEMENS: COMPANY OVERVIEW
                       FIGURE 66 SIEMENS: COMPANY SNAPSHOT
                       TABLE 143 SIEMENS: PRODUCTS OFFERED
                       TABLE 144 SIEMENS: PRODUCT DEVELOPMENTS
                       TABLE 145 SIEMENS: DEALS
                       TABLE 146 SIEMENS: OTHERS
             13.1.4 WABTEC CORPORATION
                       TABLE 147 WABTEC CORPORATION: COMPANY OVERVIEW
                       FIGURE 67 WABTEC CORPORATION: COMPANY SNAPSHOT
                       TABLE 148 WABTEC CORPORATION: PRODUCTS OFFERED
                       TABLE 149 WABTEC CORPORATION: DEALS
                       TABLE 150 WABTEC CORPORATION: OTHERS
             13.1.5 STADLER RAIL AG
                       TABLE 151 STADLER RAIL AG: COMPANY OVERVIEW
                       FIGURE 68 STADLER RAIL AG: COMPANY SNAPSHOT
                       TABLE 152 STADLER RAIL AG: PRODUCTS OFFERED
                       TABLE 153 STADLER RAIL AG: PRODUCT DEVELOPMENTS
                       TABLE 154 STADLER RAIL AG: DEALS
                       TABLE 155 STADLER RAIL AG: OTHERS
             13.1.6 HYUNDAI ROTEM COMPANY
                       TABLE 156 HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
                       FIGURE 69 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
                       TABLE 157 HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
                       TABLE 158 HYUNDAI ROTEM COMPANY: PRODUCT DEVELOPMENTS
                       TABLE 159 HYUNDAI ROTEM COMPANY: DEALS
             13.1.7 HITACHI, LTD.
                       TABLE 160 HITACHI, LTD.: COMPANY OVERVIEW
                       FIGURE 70 HITACHI, LTD.: COMPANY SNAPSHOT
                       TABLE 161 HITACHI, LTD.: PRODUCTS OFFERED
                       TABLE 162 HITACHI, LTD.: PRODUCT DEVELOPMENTS
                       TABLE 163 HITACHI, LTD.: DEALS
             13.1.8 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)
                       TABLE 164 CAF: COMPANY OVERVIEW
                       FIGURE 71 CAF: COMPANY SNAPSHOT
                       TABLE 165 CAF: PRODUCTS OFFERED
                       TABLE 166 CAF: DEALS
             13.1.9 TOSHIBA
                       TABLE 167 TOSHIBA: COMPANY OVERVIEW
                       FIGURE 72 TOSHIBA: COMPANY SNAPSHOT
                       TABLE 168 TOSHIBA: PRODUCTS OFFERED
                       TABLE 169 TOSHIBA: PRODUCT DEVELOPMENTS
                       TABLE 170 TOSHIBA: DEALS
             13.1.10 CUMMINS INC.
                       TABLE 171 CUMMINS INC.: COMPANY OVERVIEW
                       FIGURE 73 CUMMINS INC.: COMPANY SNAPSHOT
                       TABLE 172 CUMMINS INC.: PRODUCTS OFFERED
                       TABLE 173 CUMMINS INC.: DEALS
             13.1.11 ABB
                       TABLE 174 ABB: COMPANY OVERVIEW
                       FIGURE 74 ABB: COMPANY SNAPSHOT
                       TABLE 175 ABB: PRODUCTS OFFERED
                       TABLE 176 ABB: DEALS
                       TABLE 177 ABB: OTHERS
             13.1.12 MITSUBISHI ELECTRIC CORPORATION
                       TABLE 178 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
                       FIGURE 75 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                       TABLE 179 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
                       TABLE 180 MITSUBISHI ELECTRIC CORPORATION: DEALS
             13.1.13 TALGO
                       TABLE 181 TALGO: COMPANY OVERVIEW
                       FIGURE 76 TALGO: COMPANY SNAPSHOT
                       TABLE 182 TALGO: PRODUCTS OFFERED
                       TABLE 183 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 184 BNSF: COMPANY OVERVIEW
             13.2.2 BALLARD POWER SYSTEMS
                       TABLE 185 BALLARD POWER SYSTEMS: COMPANY OVERVIEW
             13.2.3 CHART INDUSTRIES
                       TABLE 186 CHART INDUSTRIES: COMPANY OVERVIEW
             13.2.4 RENFE OPERADORA
                       TABLE 187 RENFE OPERADORA: COMPANY OVERVIEW
             13.2.5 SKODA TRANSPORTATION
                       TABLE 188 SKODA TRANSPORTATION: COMPANY OVERVIEW
             13.2.6 DB CARGO
                       TABLE 189 DB CARGO: COMPANY OVERVIEW
             13.2.7 SNCF
                       TABLE 190 SNCF: COMPANY OVERVIEW
             13.2.8 ROLLS-ROYCE
                       TABLE 191 ROLLS-ROYCE: COMPANY OVERVIEW
             13.2.9 THE KINKI SHARYO CO., LTD.
                       TABLE 192 THE KINKI SHARYO CO., LTD.: COMPANY OVERVIEW
             13.2.10 KAWASAKI HEAVY INDUSTRIES
                       TABLE 193 KAWASAKI HEAVY INDUSTRIES: COMPANY OVERVIEW
             13.2.11 ETIHAD RAIL
                       TABLE 194 ETIHAD RAIL: COMPANY OVERVIEW
             13.2.12 SINARA TRANSPORT MACHINES
                       TABLE 195 SINARA TRANSPORT MACHINES: COMPANY OVERVIEW
             13.2.13 TRANSMASHHOLDING
                       TABLE 196 TRANSMASHHOLDING: COMPANY OVERVIEW
             13.2.14 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG
                       TABLE 197 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG: COMPANY OVERVIEW
 
14 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 249)
     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. - 251)
     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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Oct, 2023
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