Hybrid Train Market

Hybrid Train Market by Propulsion Type (Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, and Solar), Application (Passenger and Freight), Operating Speed (>100 km/h, 100-200 km/h, <200 km/h), Battery Technology and Region - Global Forecast to 2030

Report Code: AT 7055 Aug, 2022, by marketsandmarkets.com

[211 Pages Report] The global Hybrid Train Market size is projected to grow from 470 units in 2022 to 745 units by 2030, at a CAGR of 5.9%. Factors such as high gasoline prices, traffic congestion, and greenhouse gas emissions have compelled railway OEMs to explore beyond the use of conventional propulsion systems in trains.

In this pursuit, OEMs are working toward developing hybrid trains that use or combine alternative fuel sources, such as hydrogen fuel cells, electric batteries, CNG, LNG, and solar energy, to meet the required efficiency and emission standards. The scarcity of natural resources and the rising cost of fuel will likely shift the focus from diesel trains to eco-friendly transport and boost the demand for hybrid trains during the forecast period. Also, from the demand side, train operators, freight companies, and government bodies are now more inclined toward trains having efficient and eco-friendly operations. Many countries have announced the phasing out of conventional diesel trains, For instance, the UK government has plans to phase out all trains in the country running solely on diesel by 2040. Similarly, in 2021, the Indian government is planning on the complete electrification of trains in the country over the next 3 to 4 years. which are responsible for greenhouse gas emissions.

Hybrid Train Market

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Market Dynamics:

Driver: Rising demand for energy-efficient transport

Increasing concerns over the harmful effects of various means of transportation on the environment are expected to drive the growth of the hybrid train market. The movement of passengers and freight by rail is relatively more energy-efficient. For instance, as per the Energy Transport and Environment Statistics 2020, the energy consumption of rail transport was 21.7% lower compared to 1990. According to U.S. Department of Energy Hydrogen Program, Certain types of railways such as hydrogen train can save as much as 50% energy. In May 2022, Association of American Railrod,Freight transportation by railways helps reduce greenhouse gas emissions by 75% compared to freight transport by road. Thus, increasing the modal share of railways is a cost-effective method of increasing the use of renewable energy in transport and reducing total transport greenhouse gas emissions. The below figure represents the CO2 emission from different transport vehicles.

Restraint: Refurbishment of existing trains

The need to provide increased vehicle capacity and upgrade old coaches, coupled with the growing demand for reduced travel cost, has boosted the market for train refurbishment. The existing fleet must be refurbished to accommodate the rising passenger numbers and provide modern amenities. Refurbishments offer an opportunity to address reliability issues, improve train energy efficiency, and update the vehicles as per current requirements. There have been various refurbishment programs—In 2021, Eversholt’s (UK) upgrading project and the Renatus program—that involve modernizing 30 four-car class 321 EMUs currently leased by Abellio Greater Anglia (UK). The financial constraints in acquiring new trains also contribute to the increasing number of train refurbishment programs. Refurbishing existing trains eliminates the need to purchase new vehicles, and could, therefore, restrict the hybrid train market.

Opportunity: Development of battery-operated trains

There is an increasing demand for battery-powered trains owing to the need for green transportation and creating a cost-effective solution for trains. These battery-operated trains are expected to become an ideal, cost-effective solution for the railway industry as the price of lithium-ion batteries is expected to get lower in the coming years. Currently, a battery-powered locomotive is cheaper compared to a hydrogen-powered fuel cell locomotive. Alstom SA presented its battery-powered multiple unit train in Saxony (Germany), and in January 2022, the company launched a battery train in collaboration with Deutsche BAHN AG.

Siemens AG also introduced the battery-powered Mireo Plus B train in 2021 and also won a supply order from Niederbarnimer Eisenbahn (NEB) for supplying 31 units of battery-powered trains. Wabtec Corporation, another reputed hybrid train manufacturer, is making efforts in developing battery-electric locomotives, especially for freight transportation. Stadler Rail AG is also supplying battery-powered FLIRT trains to the State of Schleswig Holstein (Germany).

Challenge: High cost of charging infrastructure and replacement

The introduction of the battery-operated train has increased the demand for high-capacity chargers for the battery packs. Manufacturers are not able to offer chargers that can stop supplying current as soon as the battery is charged. For example, over-charging a lead-acid battery can produce hydrogen sulfide, which is harmful to humans. Reducing weight and utilizing regenerative braking can help increase energy efficiency. However, most battery-operated hybrid trains are not connected to the grid.

Moreover, the cost of the standalone battery pack is 40-60% more due to the higher number of middlemen and distributors. Thus, the operational health of the battery pack during charging, difficulty in onboard charging, and high aftermarket prices are the major concerns for manufacturers.

100-200 km/h segment will be leading the hybrid train market during the forecast period

The hybrid trains in the speed range of 100–200 km/h principally operate on modified existing tracks. Currently, the 100–200 km/h segment holds a major share of the operational hybrid train market. Initially, electric propulsion, coupled with an existing diesel engine, was used to propel these trains. Then, the advancements in other hybrid train technologies such as hydrogen fuel cells, CNG, and battery-powered trains have gradually increased the operational speed of hybrid trains. For instance, Alstom deployed the first-ever hydrogen fuel cell train in 2018, and it is running at a maximum operating speed of 140 km/h. Similarly, Alstom offers a battery-hybrid train as well, which can acquire a top speed of 160 km/h.

The North America hybrid train market is projected to fastest growing by 2030

The North American hybrid train market is expected to be the fastest growing global market. The region is home to Ballard, Wabtec Corporation, and Cummins, which are the major players of the hybrid train market and supplying hybrid locomotives across the globe. For instance, in September 2021, Wabtec Corporation received order from Roy Hill (Australia) to supply 100% battery-powered, heavy-haul locomotives. Roy Hill is expected to receive the FLXdrive battery-powered locomotive in 2023 and will operate it with its ES44ACi diesel locomotives as a hybrid consist. The growth in the region can be attributed to the increasing demand for hybrid trains in freight transportation. The hybrid train market in the US is largest owing to the growth in freight transportation in the country. Apart from this, in 2021, the US congress has approved an investment of USD 66 billion for the development of the railway networks, which is further expected to augment the market growth in the US in the coming years. The hybrid train market in Canada is expected to grow at a high rate from 2022 to 2030 owing to increasing demand for new rail projects, both, freight and passenger. Freight transportation in the country contributes to the largest share of the market, and the trend is expected to continue during the forecast period.

Hybrid Train Market Size, and Share

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Key Market Players

The global hybrid train market is dominated by major players such as CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US) and Hyundai Rotem (South Korea) These companies also offer extensive products and solutions for the railway industry; and have strong distribution networks at the global level, and they invest heavily in R&D to develop new products.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2030

Base year considered

2021

Forecast period

2022-2030

Forecast units

Volume (Units)

Segments covered

Propulsion Type, Application, Operating Speed, Battery Technology (Qualitative), and Region

Geographies covered

Asia Oceania, Europe, Middle East & Africa, North America, and RoW

Companies Covered

CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US), and Hyundai Rotem (South Korea)
A total of 24 major company profiles covered and provided

This research report categorizes the hybrid train market based on propulsion type, application, operating speed, battery technology, and region.

Based on the propulsion type:

  • Electro Diesel
  • Battery Operated
  • Hydrogen
  • CNG
  • LNG
  • Solar

Based on the application:

  • Freight
  • Passenger

Based on the operational speed:

  • Below 100 km/h
  • 100-200 km/h
  • Above 200 km/h

Based on the battery technology (qualitative):

  • Gel Tubular
  • Valve Regulated Lead-Acid (VRLA)
  • Conventional Lead-Acid
  • Sinter PNE
  • Fiber PNE
  • Pocket Plate
  • Lithium-Ion

Based on the region:

  • Asia Oceania
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • New Zealand
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • United Kingdom
    • Austria
  • Middle East & Africa
    • Egypt
    • UAE
    • South Africa
  • Rest of the World
    • Argentina
    • Brazil
    • Russia

Recent Developments

  • In June 2022, CRRC launched HXN6 hybrid locomotive, The HXN6 hybrid locomotive can reduce fuel consumption by 30% to 50%, reduce exhaust emission by 40% to 80%, and reduce noise impact time of the diesel engine by more than 80%. the HXN6 hybrid locomotive also has a very strong traction performance. Under the shunting operation condition of a single-locomotive, it can haul more than 10,000 tons of cargo.
  • In May 2022, Deutsche Bahn (DB) and Siemens Mobility developed Mireo Plus H, the next-generation hydrogen-powered train, and a newly designed mobile hydrogen storage trailer. The train and its new infrastructure are intended to replace diesel multiple-unit trains in commuter and regional transport and reduce rail-related CO2 emissions to zero.
  • In April 2022, Alstom and ENGIE have entered in a partnership agreement that will offer a solution for the decarbonization by replacing diesel-powered locomotives with hydrogen versions. Under this partnership agreement, Alstom, is designing a hydrogen solution based on a high-power fuel cell system that can power electric locomotives.
  • In February 2022, ABB has won orders worth around USD 80 million for energy-efficient traction and high-performance battery technologies for high-capacity commuter trains from Stadler (Switzerland). The orders include compact traction converters and high-power lithium-ion battery to power 59 new generation high-capacity double-deck commuter trains in Spain.
  • In January 2022, Wabtec Corporation announced an order from BHP Western Australia Iron Ore for two FLXdrive battery locomotives. BHP will receive the newest version of the FLXdrive battery-electric locomotives in 2023 with an energy capacity of 7 megawatt hours (MWh).
  • In January 2022, Wabtec Corporation and Rio Tinto announced today an order for four FLXdrive battery-electric locomotives to support sustainable operations of the mining company’s rail network in the Pilbara region of Western Australia. Wabtec will deliver the FLXdrive battery locomotives to Rio Tinto in 2023.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 18)
   
1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 HYBRID TRAIN MARKET DEFINITION, BY BATTERY TECHNOLOGY
           1.2.2 HYBRID TRAIN MARKET DEFINITION, BY APPLICATION
           1.2.3 HYBRID TRAIN MARKET DEFINITION, BY PROPULSION
           1.2.4 HYBRID TRAIN MARKET DEFINITION, BY OPERATING SPEED
    1.3 INCLUSIONS AND EXCLUSIONS
           TABLE 1 INCLUSIONS AND EXCLUSIONS: HYBRID TRAIN MARKET
    1.4 MARKET SCOPE
           FIGURE 1 HYBRID TRAIN MARKET: MARKET SEGMENTATION
           1.4.1 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA
           FIGURE 2 HYBRID TRAIN MARKET: RESEARCH DESIGN
           FIGURE 3 RESEARCH DESIGN MODEL
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS BY COMPANY, DESIGNATION, AND REGION
                    2.1.2.1 Primary participants
    2.2 MARKET SIZE ESTIMATION
           FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR HYBRID TRAIN MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR HYBRID TRAIN MARKET: TOP-DOWN APPROACH
                    FIGURE 8 HYBRID TRAIN MARKET: RESEARCH DESIGN AND METHODOLOGY
    2.3 FACTOR ANALYSIS
           FIGURE 9 FACTORS IMPACTING MARKET
           FIGURE 10 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
    2.4 DATA TRIANGULATION
           FIGURE 11 DATA TRIANGULATION
    2.5 ASSUMPTIONS
    2.6 RESEARCH LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 35)
    FIGURE 12 HYBRID TRAIN MARKET OVERVIEW
    FIGURE 13 HYBRID TRAIN MARKET, BY REGION, 2022–2030
    FIGURE 14 HYBRID TRAIN MARKET, BY PROPULSION TYPE, 2022 VS. 2030

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES IN HYBRID TRAIN MARKET
           FIGURE 15 INCREASING DEMAND FOR EFFICIENT AND LESS CARBON EMITTING TRAINS TO DRIVE MARKET
    4.2 HYBRID TRAIN MARKET, BY PROPULSION
           FIGURE 16 ELECTRO DIESEL SEGMENT TO BE LARGEST, 2022 VS. 2030 (UNITS)
    4.3 HYBRID TRAIN MARKET, BY APPLICATION
           FIGURE 17 PASSENGER SEGMENT TO BE DOMINANT, 2022 VS. 2030 (UNITS)
    4.4 HYBRID TRAIN MARKET, BY OPERATING SPEED
           FIGURE 18 100-200 KM/H PROJECTED TO BE LARGEST SEGMENT, 2022 VS. 2030 (UNITS)
    4.5 HYBRID TRAIN MARKET, BY REGION
           FIGURE 19 EUROPE TO HOLD LARGEST MARKET SHARE, 2022 VS. 2030 (UNITS)

5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 20 HYBRID TRAIN MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Demand for energy-efficient and less polluting train operations
                    5.2.1.2 Benefits of hybrid trains over conventional diesel trains
                    5.2.1.3 Rising demand for energy-efficient transport
                               FIGURE 21 GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2000–2030
           5.2.2 RESTRAINTS
                    5.2.2.1 High development cost and complexities in technologies and related infrastructure
                    5.2.2.2 Refurbishment of existing trains
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Development of hydrogen fuel cell locomotives
                    5.2.3.2 Development of battery operated trains
                    5.2.3.3 Development of solar power trains
                    5.2.3.4 Increasing railway operations in industrial and mining activities
           5.2.4 CHALLENGES
                    5.2.4.1 Requirement of high R&D investments
                    5.2.4.2 High cost of charging infrastructure and replacement
           5.2.5 IMPACT OF MARKET DYNAMICS
                    TABLE 2 HYBRID TRAIN MARKET: IMPACT OF MARKET DYNAMICS
    5.3 PORTER’S FIVE FORCES MODEL ANALYSIS
           TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON HYBRID TRAIN MARKET
           FIGURE 22 PORTER’S FIVE FORCES: HYBRID TRAIN MARKET
    5.4 AVERAGE SELLING PRICE TREND
           FIGURE 23 PRICING TREND ANALYSIS: NATURAL GAS PRICE IN US (2018–2022)
    5.5 VALUE CHAIN ANALYSIS
           FIGURE 24 HYBRID TRAIN MARKET: VALUE CHAIN ANALYSIS
    5.6 ECOSYSTEM ANALYSIS
           FIGURE 25 HYBRID TRAIN MARKET: ECOSYSTEM ANALYSIS
           TABLE 4 ROLE OF COMPANIES IN HYBRID TRAIN ECOSYSTEM
    5.7 TARIFF AND REGULATORY OVERVIEW
           5.7.1 US
           5.7.2 EUROPE
                    TABLE 5 STANDARDS: RAIL TRACTION ENGINES (STAGE III A)
                    TABLE 6 STANDARDS: RAIL TRACTION ENGINES (STAGE III B)
    5.8 TRADE ANALYSIS
           5.8.1 CHINA
           5.8.2 GERMANY
    5.9 TECHNOLOGY ANALYSIS
           5.9.1 INTRODUCTION
           5.9.2 REGENERATIVE BRAKING IN TRAINS
           5.9.3 AUTONOMOUS TRAINS
                    TABLE 7 LEVEL OF AUTONOMY FOR AUTONOMOUS TRAINS
           5.9.4 USE OF FUEL CELLS FOR HEAVY LOAD TRANSPORTATION
                    FIGURE 26 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016–2050
    5.10 CASE STUDY ANALYSIS
           5.10.1 HYDROFLEX IN UK
           5.10.2 FIRST SOLAR POWERED TRAIN
    5.11 PATENT ANALYSIS
                    TABLE 8 IMPORTANT PATENT REGISTRATIONS RELATED TO HYBRID TRAIN MARKET
    5.12 HYBRID TRAIN MARKET SCENARIO ANALYSIS
           5.12.1 MOST LIKELY SCENARIO
                    TABLE 9 MOST LIKELY SCENARIO, BY REGION, 2022–2030 (UNITS)
           5.12.2 OPTIMISTIC SCENARIO
                    TABLE 10 OPTIMISTIC SCENARIO, BY REGION, 2022–2030 (UNITS)
           5.12.3 PESSIMISTIC SCENARIOS
                    TABLE 11 PESSIMISTIC SCENARIO, BY REGION, 2022–2030 (UNITS)
    5.13 DETAILS OF HYBRID TRAIN RAILWAY PROJECTS WORLDWIDE
                    TABLE 12 EUROPE: RAILWAY PROJECTS
                    TABLE 13 NORTH AMERICA: RAILWAY PROJECTS
                    TABLE 14 ASIA OCEANIA: RAILWAY PROJECTS
                    TABLE 15 REST OF THE WORLD: RAILWAY PROJECTS

6 HYBRID TRAIN MARKET, BY BATTERY TECHNOLOGY (Page No. - 71)
    6.1 INTRODUCTION
    6.2 GEL TUBULAR LEAD ACID BATTERIES
    6.3 VALVE REGULATED LEAD ACID BATTERIES
    6.4 CONVENTIONAL LEAD ACID BATTERIES
    6.5 SINTERED PNE NICKEL-CADMIUM BATTERIES
    6.6 FIBER PNE NICKEL CADMIUM BATTERIES
    6.7 POCKET PLATE NICKEL CADMIUM BATTERIES
    6.8 LITHIUM ION BATTERIES

7 HYBRID TRAIN MARKET, BY APPLICATION (Page No. - 74)
    7.1 INTRODUCTION
           FIGURE 27 BATTERY ELECTRIC LOCOMOTIVE
           FIGURE 28 FREIGHT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD (2022–2030)
           TABLE 16 HYBRID TRAIN MARKET SIZE, BY APPLICATION, 2018–2021 (UNITS)
           TABLE 17 HYBRID TRAIN MARKET SIZE, BY APPLICATION, 2022–2030 (UNITS)
           7.1.1 OPERATIONAL DATA
                    TABLE 18 OEMS OF HYBRID TRAINS DEPLOYMENT, BY APPLICATION
           7.1.2 ASSUMPTIONS
           7.1.3 RESEARCH METHODOLOGY
    7.2 PASSENGER
           7.2.1 RISING DEMAND FOR ENERGY-EFFICIENT MOBILITY
                    TABLE 19 PASSENGER: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 20 PASSENGER: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    7.3 FREIGHT
           7.3.1 FUEL COST BENEFITS TO DRIVE SEGMENT
                    TABLE 21 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 22 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    7.4 KEY PRIMARY INSIGHTS

8 HYBRID TRAIN MARKET, BY OPERATING SPEED (Page No. - 81)
    8.1 INTRODUCTION
           FIGURE 29 100-200 KM/H SEGMENT TO HAVE LARGEST MARKET DURING FORECAST PERIOD (2022–2030)
           TABLE 23 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2018–2021 (UNITS)
           TABLE 24 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2022–2030 (UNITS)
           8.1.1 OPERATIONAL DATA
                    TABLE 25 OPERATING SPEED FOR HYBRID TRAINS, BY OEMS
           8.1.2 ASSUMPTIONS
           8.1.3 RESEARCH METHODOLOGY
    8.2 BELOW 100 KM/H
           8.2.1 INNOVATIVE PROPULSION TECHNOLOGIES
                    TABLE 26 BELOW 100 KM/H: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 27 BELOW 100 KM/H: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    8.3 100–200 KM/H
           8.3.1 OPERATIONAL SPEED OF MOST MAJOR TRAINS
                    TABLE 28 100–200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 29 100–200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    8.4 ABOVE 200 KM/H
           8.4.1 RAPID TRANSPORTATION AND TECHNOLOGICAL ADVANCEMENT
                    TABLE 30 ABOVE 200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 31 ABOVE 200 KM/H: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    8.5 KEY PRIMARY INSIGHTS

9 HYBRID TRAIN MARKET, BY PROPULSION (Page No. - 89)
    9.1 INTRODUCTION
           FIGURE 30 ELECTRO DIESEL TO BE DOMINANT DURING FORECAST PERIOD (2022–2030)
           TABLE 32 HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
           TABLE 33 HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
           9.1.1 OPERATIONAL DATA
                    TABLE 34 HYBRID TRAINS WITH PROPULSION TYPE
           9.1.2 ASSUMPTIONS
           9.1.3 RESEARCH METHODOLOGY
    9.2 BATTERY POWERED
           9.2.1 CONTINUOUS ADVANCEMENTS IN BATTERY TECHNOLOGIES
                    TABLE 35 BATTERY POWERED: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 36 BATTERY POWERED: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    9.3 ELECTRO DIESEL
           9.3.1 MORE EFFICIENT THAN DIESEL LOCOMOTIVES
                    TABLE 37 ELECTRO DIESEL: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 38 ELECTRO DIESEL: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    9.4 LNG
           9.4.1 ADVANTAGEOUS OVER CNG PROPULSION
                    TABLE 39 LNG: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 40 LNG: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    9.5 HYDROGEN
           9.5.1 FULFILS DEMAND FOR CLEAN TRANSPORTATION
                    TABLE 41 HYDROGEN: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 42 HYDROGEN: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    9.6 SOLAR POWERED
           9.6.1 ENABLES ECO FRIENDLY AND CLEAN TRANSPORTATION
                    TABLE 43 SOLAR POWERED: HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
                    TABLE 44 SOLAR POWERED: HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
    9.7 CNG
           9.7.1 LIMITED USE DUE TO HIGH INSTALLATION COST
    9.8 KEY PRIMARY INSIGHTS

10 HYBRID TRAIN MARKET, BY REGION (Page No. - 99)
     10.1 INTRODUCTION
               FIGURE 31 HYBRID TRAIN MARKET, BY REGION, 2022 VS. 2030
               TABLE 45 HYBRID TRAIN MARKET, BY REGION, 2018–2021 (UNITS)
               TABLE 46 HYBRID TRAIN MARKET, BY REGION, 2022–2030 (UNITS)
     10.2 ASIA OCEANIA
               FIGURE 32 ASIA OCEANIA: HYBRID TRAIN MARKET SNAPSHOT
               TABLE 47 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2021 (UNITS)
               TABLE 48 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2022–2030 (UNITS)
             10.2.1 CHINA
                       10.2.1.1 Focus on developing hybrid fuel systems
                                   TABLE 49 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 50 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.2.2 JAPAN
                       10.2.2.1 Presence of leading hybrid train players
                                   TABLE 51 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 52 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.2.3 INDIA
                       10.2.3.1 Electrification of rail routes
                                   TABLE 53 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 54 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.2.4 SOUTH KOREA
                       10.2.4.1 Infrastructure investments in hybrid trains
                                   TABLE 55 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 56 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.2.5 NEW ZEALAND
                       10.2.5.1 Multiple upcoming railway projects
                                   TABLE 57 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 58 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.2.6 AUSTRALIA
                       10.2.6.1 Government initiatives to boost market
                                   TABLE 59 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 60 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
     10.3 EUROPE
               FIGURE 33 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2022 VS. 2030 (UNITS)
               TABLE 61 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2021 (UNITS)
               TABLE 62 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2022–2030 (UNITS)
             10.3.1 FRANCE
                       10.3.1.1 Increasing demand for less polluting trains
                                   TABLE 63 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 64 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.3.2 GERMANY
                       10.3.2.1 Demand for energy-efficient transport
                                   TABLE 65 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 66 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.3.3 ITALY
                       10.3.3.1 Rapid transition toward hybrid trains
                                   TABLE 67 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 68 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.3.4 SPAIN
                       10.3.4.1 Government initiatives and investments for sustainable transport
                                   TABLE 69 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 70 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.3.5 AUSTRIA
                       10.3.5.1 Replacement of existing diesel trains with electro diesel trains
                                   TABLE 71 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 72 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.3.6 UK
                       10.3.6.1 Government focus on phasing out diesel trains
                                   TABLE 73 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 74 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
     10.4 NORTH AMERICA
               FIGURE 34 NORTH AMERICA: HYBRID TRAIN MARKET SNAPSHOT
               TABLE 75 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2021 (UNITS)
               TABLE 76 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2022–2030 (UNITS)
             10.4.1 US
                       10.4.1.1 Growing demand for hybrid freight trains
                                   TABLE 77 US: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 78 US: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.4.2 CANADA
                       10.4.2.1 Government subsidies for greener transport
                                   TABLE 79 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 80 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.4.3 MEXICO
                       10.4.3.1 Increasing demand for reduction in carbon emissions
                                   TABLE 81 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 82 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
     10.5 MIDDLE EAST & AFRICA
               TABLE 83 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2021 (UNITS)
               TABLE 84 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2022–2030 (UNITS)
             10.5.1 SOUTH AFRICA
                       10.5.1.1 Government spending on greener trains
                                   TABLE 85 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 86 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.5.2 UNITED ARAB EMIRATES
                       10.5.2.1 Advancements in railway technologies to further demand
                                   TABLE 87 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 88 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.5.3 EGYPT
                       10.5.3.1 Government plans to develop hybrid train lines for tourism
                                   TABLE 89 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 90 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
     10.6 REST OF THE WORLD
               TABLE 91 ROW: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2021 (UNITS)
               TABLE 92 ROW: HYBRID TRAIN MARKET, BY COUNTRY, 2022–2030 (UNITS)
             10.6.1 BRAZIL
                       10.6.1.1 Electrification of existing networks
                                   TABLE 93 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 94 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.6.2 RUSSIA
                       10.6.2.1 Significant demand for electro diesel trains
                                   TABLE 95 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 96 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)
             10.6.3 ARGENTINA
                       10.6.3.1 Introduced diesel electric trains
                                   TABLE 97 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2021 (UNITS)
                                   TABLE 98 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2022–2030 (UNITS)

11 COMPETITIVE LANDSCAPE (Page No. - 132)
     11.1 OVERVIEW
     11.2 MARKET SHARE ANALYSIS FOR HYBRID TRAIN MARKET
               TABLE 99 MARKET SHARE ANALYSIS, 2021
               FIGURE 35 MARKET SHARE ANALYSIS, 2021
             11.2.1 CRRC
             11.2.2 ALSTOM
             11.2.3 SIEMENS
             11.2.4 WABTEC CORPORATION
             11.2.5 HYUNDAI ROTEM COMPANY
     11.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS
               FIGURE 36 TOP PUBLIC/LISTED PLAYERS IN HYBRID TRAIN MARKET IN LAST FIVE YEARS
     11.4 COMPETITIVE SCENARIO
               TABLE 100 NEW PRODUCT DEVELOPMENTS
               TABLE 101 DEALS
               TABLE 102 OTHERS
     11.5 COMPETITIVE EVALUATION QUADRANT
             11.5.1 STARS
             11.5.2 PERVASIVE PLAYERS
             11.5.3 EMERGING LEADERS
             11.5.4 PARTICIPANTS
                       FIGURE 37 HYBRID TRAIN MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
     11.6 STRENGTH OF PRODUCT PORTFOLIO
               FIGURE 38 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN HYBRID TRAIN MARKET
     11.7 BUSINESS STRATEGY EXCELLENCE
               FIGURE 39 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN HYBRID TRAIN MARKET
     11.8 STARTUP/SME EVALUATION MATRIX

12 COMPANY PROFILES (Page No. - 149)
(Business overview, Products offered, Recent developments & MnM View)*
     12.1 KEY PLAYER
             12.1.1 CRRC
                       TABLE 103 CRRC: BUSINESS OVERVIEW
                       FIGURE 40 CRRC: COMPANY SNAPSHOT
                       TABLE 104 CRRC: PRODUCTS OFFERED
                       TABLE 105 CRRC: NEW PRODUCT DEVELOPMENTS
                       TABLE 106 CRRC: DEALS
             12.1.2 ALSTOM
                       TABLE 107 ALSTOM: BUSINESS OVERVIEW
                       FIGURE 41 ALSTOM: COMPANY SNAPSHOT
                       FIGURE 42 ALSTOM: NEW BUSINESS OPPORTUNITY SPACES
                       TABLE 108 ALSTOM: PRODUCTS OFFERED
                       TABLE 109 ALSTOM: NEW PRODUCT DEVELOPMENTS
                       TABLE 110 ALSTOM: DEALS
                       TABLE 111 ALSTOM: OTHERS
             12.1.3 SIEMENS
                       TABLE 112 SIEMENS: BUSINESS OVERVIEW
                       FIGURE 43 SIEMENS: COMPANY SNAPSHOT
                       TABLE 113 SIEMENS: PRODUCTS OFFERED
                       TABLE 114 SIEMENS: NEW PRODUCT DEVELOPMENTS
                       TABLE 115 SIEMENS: DEALS
             12.1.4 WABTEC CORPORATION (GE TRANSPORTATION)
                       TABLE 116 WABTEC CORPORATION: BUSINESS OVERVIEW
                       FIGURE 44 WABTEC CORPORATION: COMPANY SNAPSHOT
                       TABLE 117 WABTEC CORPORATION: PRODUCTS OFFERED
                       TABLE 118 WABTEC CORPORATION: DEALS
                       TABLE 119 WABTEC CORPORATION: OTHERS
             12.1.5 HYUNDAI ROTEM COMPANY
                       TABLE 120 HYUNDAI ROTEM COMPANY: BUSINESS OVERVIEW
                       FIGURE 45 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
                       TABLE 121 HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
                       TABLE 122 HYUNDAI ROTEM COMPANY: DEALS
             12.1.6 HITACHI
                       TABLE 123 HITACHI: BUSINESS OVERVIEW
                       FIGURE 46 HITACHI: COMPANY SNAPSHOT
                       TABLE 124 HITACHI: PRODUCTS OFFERED
                       TABLE 125 HITACHI: NEW PRODUCT DEVELOPMENTS
                       TABLE 126 HITACHI: DEALS
             12.1.7 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)
                       TABLE 127 CAF: BUSINESS OVERVIEW
                       FIGURE 47 CAF: COMPANY SNAPSHOT
                       TABLE 128 CAF: PRODUCTS OFFERED
                       TABLE 129 CAF: DEALS
             12.1.8 TOSHIBA
                       TABLE 130 TOSHIBA: BUSINESS OVERVIEW
                       FIGURE 48 TOSHIBA: COMPANY SNAPSHOT
                       TABLE 131 TOSHIBA: PRODUCTS OFFERED
                       TABLE 132 TOSHIBA: NEW PRODUCT DEVELOPMENTS
                       TABLE 133 TOSHIBA: DEALS
             12.1.9 CUMMINS
                       TABLE 134 CUMMINS: BUSINESS OVERVIEW
                       FIGURE 49 CUMMINS: COMPANY SNAPSHOT
                       TABLE 135 CUMMINS: PRODUCTS OFFERED
                       TABLE 136 CUMMINS: DEALS
             12.1.10 STADLER RAIL AG
                       TABLE 137 STADLER RAIL AG: BUSINESS OVERVIEW
                       FIGURE 50 STADLER RAIL AG: COMPANY SNAPSHOT
                       TABLE 138 STADLER RAIL AG: PRODUCTS OFFERED
                       TABLE 139 STADLER RAIL AG: DEALS
                       TABLE 140 STADLER RAIL AG: OTHERS
             12.1.11 ABB
                       TABLE 141 ABB: BUSINESS OVERVIEW
                       FIGURE 51 ABB: COMPANY SNAPSHOT
                       TABLE 142 ABB: PRODUCTS OFFERED
                       TABLE 143 ABB: DEALS
                       TABLE 144 ABB: OTHERS
             12.1.12 MITSUBISHI ELECTRIC CORPORATION
                       TABLE 145 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
                       FIGURE 52 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
                       TABLE 146 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
                       TABLE 147 MITSUBISHI ELECTRIC CORPORATION: DEALS
             12.1.13 VIVARAIL
                       TABLE 148 VIVARAIL: BUSINESS OVERVIEW
                       TABLE 149 VIVARAIL: PRODUCTS OFFERED
                       TABLE 150 VIVARAIL: DEALS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
     12.2 OTHER KEY PLAYERS
             12.2.1 BNSF
                       TABLE 151 BNSF: BUSINESS OVERVIEW
             12.2.2 BALLARD
                       TABLE 152 BALLARD: BUSINESS OVERVIEW
             12.2.3 CHART INDUSTRIES
                       TABLE 153 CHART INDUSTRIES: BUSINESS OVERVIEW
             12.2.4 RENFE OPERADORA
                       TABLE 154 RENFE OPERADORA: BUSINESS OVERVIEW
             12.2.5 SKODA TRANSPORTATION
                       TABLE 155 SKODA TRANSPORTATION: BUSINESS OVERVIEW
             12.2.6 DB CARGO
                       TABLE 156 DB CARGO: BUSINESS OVERVIEW
             12.2.7 SNCF
                       TABLE 157 SNCF: BUSINESS OVERVIEW
             12.2.8 ROLLS-ROYCE
                       TABLE 158 ROLLS-ROYCE: BUSINESS OVERVIEW
             12.2.9 THE KINKI SHARYO CO., LTD.
                       TABLE 159 THE KINKI SHARYO CO., LTD.: BUSINESS OVERVIEW
             12.2.10 KAWASAKI HEAVY INDUSTRIES
                       TABLE 160 KAWASAKI HEAVY INDUSTRIES: BUSINESS OVERVIEW
             12.2.11 ETIHAD RAIL
                       TABLE 161 ETIHAD RAIL: BUSINESS OVERVIEW
             12.2.12 SINARA TRANSPORT MACHINES
                       TABLE 162 SINARA TRANSPORT MACHINES: BUSINESS OVERVIEW

13 RECOMMENDATIONS BY MARKETSANDMARKETS (Page No. - 204)
     13.1 NORTH AMERICA PRESENTS HUGE POTENTIAL TO BECOME FASTEST-GROWING MARKET
     13.2 HYDROGEN FUEL CELL POWERED TRAIN TO BE KEY FOCUS FOR TRAIN MANUFACTURERS
     13.3 CONCLUSION

14 APPENDIX (Page No. - 206)
     14.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 CUSTOMIZATION OPTIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the hybrid train market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation processes were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as company annual reports/presentations, press releases, industry association publications [for example, publications of railway/locomotive manufacturers, International Energy Agency (IEA), Federal Transit Administration (FTA), Regional Transportation Authority (RTA), country-level railway associations and trade organizations, and the US Department of Transportation (DOT)], hybrid train magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, government organizations websites, and technical articles have been used to identify and collect information useful for an extensive commercial study of the global hybrid train market.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of this market scenario through secondary research. Several primary interviews have been conducted with market experts from the demand- and supply-side OEMs (in terms of component supply, country-level government associations, and trade associations) and component manufacturers across three major regions, namely, Asia Oceania, Europe, North America. Approximately 30% and 70% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, LinkedIn, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. Following is the breakdown of primary respondents.

Hybrid Train Market Size, and Share

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

Market Size Estimation

The top-down approach was used to estimate and validate the total market size. This method was also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the size of the hybrid trains market, in terms of volume (units)
  • To define, describe, and forecast the size of the hybrid trains market based on battery technology, application, operating speed, propulsion, and region
  • To segment and forecast the market size, by battery technology [gel tubular lead-acid battery, valve regulated lead-acid battery (VRLA), conventional lead-acid battery, sintered PNE nickel-cadmium battery, fiber PNE nickel-cadmium battery, pocket plate nickel-cadmium battery, and lithium-ion]
  • To segment and forecast the market size, by application (passenger, freight)
  • To segment and qualitatively cover the following operating speed: below 100 KM/H, 100–200 KM/H, and above 200 KM/H.
  • To cover the hybrid train market by propulsion (battery powered, electro diesel, CNG, LNG, solar powered, and hydrogen powered)
  • To segment and forecast the market size, by region (Asia Oceania, Europe, North America, Middle East & Africa, and Rest of The World)
  • To understand the market dynamics (drivers, restraints, opportunities, and challenges) of the hybrid train market
  • To analyze the ranking of key players operating in 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 hybrid market in the global industry.

Available Customizations

With the given market data, MarketsandMarkets offers customizations in line with the company’s specific needs.

  • Hybrid Train Market, By Propulsion Type at country level (For countries covered in the report)
  • Hybrid Train Market, By application at country level (For countries covered in the report)
  • Company Information
    • Profiling of Additional Market Players (Up to 5)
Hybrid Train Market Size,  Share & Growth Report
Report Code
AT 7055
Published ON
Aug, 2022
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