Hybrid Train Market

Market Leaders - Hybrid Train Market

The global hybrid train market size is projected to reach 8,389 units by 2030, from an estimated 4,904 units in 2020, at a CAGR of 5.5%. The base year for the report is 2019, and the forecast period is from 2020 to 2030. 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.

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. Many freight and railway operating companies, such as BNSF and DB Cargo, are looking for hybrid train options, as opting for these trains can offer significant benefits apart from saving fuel.

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The hybrid train market is dominated by players such as CRRC (China), Bombardier (Canada), Alstom (France), Siemens (Germany), and Wabtec Corporation (US). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth hybrid train market.

CRRC is one of the leading players in the hybrid train market. In CRRC specializes in developing and manufacturing electrically operated locomotives having 10,000 kW power, which are among the most powerful ones across the globe. The company has a wide portfolio that includes EMUs (Electric Multiple Unit) as well. Additionally, in February 2019, a variable configuration electric multiple unit (EMU) passed all 60 routine tests and was ready for delivery. Developed by CRRC Tangshan, the variable configuration EMU is the first of its kind in China, with a minimum formation unit of two powerheads and a maximum of 16 carriages. Described as the "Transformer" of EMUs, the variable configuration EMU can make flexible responses to the changes in passenger-flow and various demands of passengers.

Alstom is one of the leading players in this market. The company is continuously delivering new advanced train technologies. In February 2020, Bombardier signed an MoU to sell its transportation (railway) business to a French company, Alstom. The acquisition will be closed by mid-2021. Alstom was one of the first companies to enter the hybrid train market with its hydrogen operated train. In January 2019, the company announced its plans to launch new hydrogen trains for the UK market. Two Coradia iLint hydrogen passenger trains, developed by Alstom, have been running in Germany since 2018. The trains can cover around 1000 km, with 300 passengers on-board, and can achieve a maximum speed of 140 km/h. As of 2020, Alstom offers battery-electric trains and has received a contract for the same worth EUR 100 million (USD 119 million) for the Leipzig-Chemnitz route in Germany.

Bombardier, Hyundai Rotem, Toshiba, Siemens, Wabtec, Hitachi Rail, and Stadler are some of the other players in this market. In October 2018, Bombardier showcased its new MOVIA C30 metro train and energy-saving MITRAC TC1500 propulsion solution at the Persontrafik exhibition in Stockholm, Sweden. In August 2018, Siemens presented a new Vectron Dual Mode locomotive. It can operate as a diesel locomotive as well as an electric locomotive. On electrified sections of track, the new locomotive is powered by electricity to save fuel and reduce maintenance costs. The locomotive can be switched to diesel mode on non-electrified sections. In December 2019, Wabtec Corporation inaugurated the Wabtec India Engineering and Technology Center (WITEC) in Bengaluru. The company’s new center is a world-class facility designed to support growth and innovation. In February 2019, Hyundai Rotem received a contract to supply a further 20 diesel-electric locomotives for Bangladesh Railway. In July 2020, Cummins Inc. announced an agreement to form a joint venture with NPROXX, a leader in hydrogen storage and transportation, for hydrogen storage tanks. The joint venture will continue under the name NPROXX. The joint venture will provide customers with hydrogen and compressed natural gas storage products for both on-highway and rail applications.

Related Reports:

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

Mr. Aashish Mehra
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