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Increasing Demand for Greener Transport is Driving the Hybrid Train Market, 2019–2030 (Units)

05-30-2019 10:51 AM CET | Logistics & Transport

Press release from: MarketsandMarkets™

Increasing Demand for Greener Transport is Driving the Hybrid

The Hybrid Train Market is projected to reach 9,109 units by 2030 from an estimated 5,429 units in 2019, at a CAGR of 4.8% during the forecast period.

Increasing investments made by governments across the globe to develop railway infrastructure create opportunities for train manufacturers to expand their revenue stream and geographical presence. The market in Europe is projected to experience steady growth owing to the well-developed infrastructure for passenger transit, while the North American market is more inclined towards freight transportation. However, the high costs involved in initial investment, overhaul, and maintenance could hamper the growth of this market.

The major players in this market are Alstom (France), Bombardier (Canada), CRRC (China), Kawasaki (Japan), and Siemens (Germany).

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Recent Developments

1. In September 2018, Bombardier Transportation introduced the new battery-operated train. This train does not generate any exhaust and sets standards for smart mobility with peak values of 90% in the areas of efficiency and recyclability. It is also around 50% quieter than modern diesel trains.

2. In August 2018, Siemens presented the new Vectron Dual Mode locomotive. The Vectron Dual Mode can be operated both as diesel and an electric locomotive. On electrified sections of track, the locomotive is powered by electricity to save fuel and reduce maintenance costs. The locomotive can be switched to diesel mode on non-electrified sections.

3. In July 2018, Alstom unveiled the first Citadis X05 tram, which would run on all three new lines in Caen la Mer (Normandy, France).

4. In June 2018, Siemens presented a new high-speed train Velaro Novo. The Valero Novo sets new standards for efficiency and sustainability and at the same time offers the highest passenger comfort and convenience.

5. In March 2018, Bombardier successfully demonstrated a new silicon carbide (SiC)-equipped BOMBARDIER MITRAC TC1500 traction converter at an event held at Sweden’s KTH Royal Institute of Technology.

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Passenger segment is estimated to account for the largest market size during the forecast period

The passenger segment is estimated to be the largest market in 2019. The Hybrid train offers cost-effective and efficient transportation of passengers as well as freight. Several cities are implementing new rail infrastructure projects with the aim of reducing road congestion and providing an affordable means of transportation at an intercity as well as intra-city level. Increasing urbanization, growing demand for increased connectivity, comfort, reliability, and safety will boost the demand for the passenger segment in this market.

Electro Diesel segment is estimated to account for the largest market size during the forecast period

Electro-diesel is a train propulsion type used in hybrid trains. It consists of a combination of diesel engine power and electric power. This type of propulsion is more efficient than diesel propulsion. Also, diesel-electric propulsion is 40% less polluting than the conventional ones. The manufacturers have recognized the demand for more efficient propulsion in trains. For instance, Toshiba with DB Cargo has been developing a new diesel-electric locomotive/train, which will be tested by the end of 2019.

Asia Pacific region is expected to lead the market during the forecast period

The Asia Pacific is expected to be the largest market. The market growth in the region can also be attributed to the rising demand for energy efficient transportation system along with several initiatives by private organizations as well as governments of the countries. China’s rapidly growing economy is driving the expansion of advanced technology train network to improve transport systems in the country India’s economic growth and rapidly growing population have made it imperative for the country to enhance its public transportation system. A CNG operated a train has already been introduced in north India in 2015. In Europe, Germany is estimated to be the largest hybrid train market.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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MarketsandMarkets™ INC.
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