Attractive Opportunities in the Hybrid Train Market
The growth of the hybrid train market is influenced by factors such as the growing demand for energy-efficient transport and for public transport as a means of reducing traffic congestion. Additionally, commuters demand transit options that can be more eco-friendly, reliable and cost-effective alternatives to personal transportation. Developed nations such as Germany, France, and the UK are actively promoting the use of the rapid transit system to reduce traffic congestion.
The major hybrid train manufacturers include Alstom (France), Bombardier Inc (Canada), CRRC (China), Kawasaki (Japan), and Siemens (Germany).
1. Big Data Applications in the Rail Industry
2. Increase in Industrial and Mining Activities
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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.
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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 train has already been introduced in north India in 2015. In Europe, Germany is estimated to be the largest hybrid train market.
1. Train manufacturers have partnered with other manufacturers for technology sharing. How will this transform the overall market?
2. How will fast-paced developments in Hydrogen trains and battery-powered trains by leading manufacturers will change the dynamics of this market?
3. The industry is focusing on automated technology. Which are the leading companies who are working on automated technology, and what organic and inorganic strategies have been adopted by them?
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