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Hybrid Train Market- Competitive Analysis, Opportunity & Forecast, 2027

Global Hybrid Train Market, By Propulsion [Electro Diesel, Battery Operated, LNG, CNG, Hydrogen & Solar], By Operating Speed [Below 100 km/h, 100-200 km/h, Above 200 km/h], By Application [Passenger and Freight], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2014-2027

Market Overview

Global Hybrid Train Market is expected to grow with a CAGR over 5.5% during the forecast period, 2020-2027 due to the rising need for energy-efficient trains and increasing investments in developing railway infrastructure.

The hybrid train uses an onboard rechargeable energy storage system placed between the power source and have all components of a hybrid transmission except the storage battery. With an increasing demand for green transport, hybrid train are highly adopted to reduce carbon emissions.

The rising need for energy-efficient trains, increasing investments in railway infrastructure by various governments across the world, and growing urbanization has compelled the need to improve connectivity are major factors contributing to the growth of the Hybrid Train Market globally.

However, high maintenance cost is hindering the growth of the global Hybrid Train Market.

Market Segmentation

Global Hybrid Train Market can be segmented into Propulsion, Operating Speed, Application and Region. 

By Propulsion, Global Hybrid Train Market can be segmented into Electro Diesel, Battery Operated, LNG, CNG, Hydrogen& Solar. The electro-diesel segment holds the largest market share due to its efficiency and less polluting compared to conventional ones. Electro diesel propulsion is the combination of diesel engine power and electric power. 

By Operating Speed, Global Hybrid Train Market can be segmented into Below 100 km/h, 100-200 km/h, Above 200 km/h. 

By Application, Global Hybrid Train Market can be segmented into Passenger and Freight. The Passenger segment holds the largest market share due to the growing demand for increased connectivity and several cities implementing new hybrid trains to reduce traffic and congestion.

 By Region, Global Hybrid Train Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, the Europe Hybrid Train Market dominates the global market with its largest market share. Many European countries are rapidly introducing hybrid trains, for instance, Germany has launched the world's first hydrogen-powered train built by French TGV-maker Alstom. The company is also planning to deliver another 14 of the zero-emissions trains to Lower Saxony state by 2021. 

Asia Pacific Hybrid Train Market is expected to grow significantly during the forecasted period of 2020-27 due to rising demand for connectivity, infrastructural development and the need for energy-efficient trains to reduce emissions. China is rapidly expanding its train network to improve transport systems is likely to contribute to the growth of the market in this region. 

Competitive Analysis

The key market players in Global Hybrid Train Market are Bombardier, CRRC, Alstom, Kawasaki Heavy Industries, General Electric, Siemens, Hyundai Rotem Company, Toshiba Corporation, Hitachi, CAF, Construcciones y Auxiliar de Ferrocarriles, S.A., Toyota Motor Corporation, Ballard Power Systems., Vivarail Ltd., Hydrogenics, ABB, ŠKODA TRANSPORTATION, Rolls-Royce plc, The Kinki Sharyo Co., Etihad Rail, Sinara Transport Machines, Stadler Rail, BNSF Railway Company. 

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Hybrid Train Market- Competitive Analysis, Opportunity & Forecast, 2027
Report Snapshots

Global Hybrid Train Market, By Propulsion [Electro Diesel, Battery Operated, LNG, CNG, Hydrogen & Solar], By Operating Speed [Below 100 km/h, 100-200 km/h, Above 200 km/h], By Application [Passenger and Freight], By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America), Forecast & Opportunities, 2014-2027

Market Overview

Global Hybrid Train Market is expected to grow with a CAGR over 5.5% during the forecast period, 2020-2027 due to the rising need for energy-efficient trains and increasing investments in developing railway infrastructure.

The hybrid train uses an onboard rechargeable energy storage system placed between the power source and have all components of a hybrid transmission except the storage battery. With an increasing demand for green transport, hybrid train are highly adopted to reduce carbon emissions.

The rising need for energy-efficient trains, increasing investments in railway infrastructure by various governments across the world, and growing urbanization has compelled the need to improve connectivity are major factors contributing to the growth of the Hybrid Train Market globally.

However, high maintenance cost is hindering the growth of the global Hybrid Train Market.

Market Segmentation

Global Hybrid Train Market can be segmented into Propulsion, Operating Speed, Application and Region. 

By Propulsion, Global Hybrid Train Market can be segmented into Electro Diesel, Battery Operated, LNG, CNG, Hydrogen& Solar. The electro-diesel segment holds the largest market share due to its efficiency and less polluting compared to conventional ones. Electro diesel propulsion is the combination of diesel engine power and electric power. 

By Operating Speed, Global Hybrid Train Market can be segmented into Below 100 km/h, 100-200 km/h, Above 200 km/h. 

By Application, Global Hybrid Train Market can be segmented into Passenger and Freight. The Passenger segment holds the largest market share due to the growing demand for increased connectivity and several cities implementing new hybrid trains to reduce traffic and congestion.

 By Region, Global Hybrid Train Market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional Analysis

Regionally, the Europe Hybrid Train Market dominates the global market with its largest market share. Many European countries are rapidly introducing hybrid trains, for instance, Germany has launched the world's first hydrogen-powered train built by French TGV-maker Alstom. The company is also planning to deliver another 14 of the zero-emissions trains to Lower Saxony state by 2021. 

Asia Pacific Hybrid Train Market is expected to grow significantly during the forecasted period of 2020-27 due to rising demand for connectivity, infrastructural development and the need for energy-efficient trains to reduce emissions. China is rapidly expanding its train network to improve transport systems is likely to contribute to the growth of the market in this region. 

Competitive Analysis

The key market players in Global Hybrid Train Market are Bombardier, CRRC, Alstom, Kawasaki Heavy Industries, General Electric, Siemens, Hyundai Rotem Company, Toshiba Corporation, Hitachi, CAF, Construcciones y Auxiliar de Ferrocarriles, S.A., Toyota Motor Corporation, Ballard Power Systems., Vivarail Ltd., Hydrogenics, ABB, ŠKODA TRANSPORTATION, Rolls-Royce plc, The Kinki Sharyo Co., Etihad Rail, Sinara Transport Machines, Stadler Rail, BNSF Railway Company. 

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