Hybrid Train Market Insights| Key Players: CRRC (China), Bombardier (Canada), Alstom (France), Siemens (Germany), and Wabtec Corporation (US).

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 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.

The hybrid train market is dominated by players such as CRRC (China), Bombardier (Canada), Alstom (France), Siemens (Germany), and Wabtec Corporation (US).

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

As of 2020, the 100-200 km/h segment is estimated to be the largest segment in the hybrid train market. The dominance of electro-diesel trains in the hybrid train market is the key reason that the 100-200 km/h segment is leading the market. Most of these trains are running with a maximum speed between 100–200 km/h. Apart from electro-diesel, companies are now offering battery-electric as well as hydrogen fuel cell-powered trains with maximum speeds between 100 km/h and 200 km/h. For instance, Alstom offers battery hybrid (yet to be deployed on the Leipzig-Chemnitz line) and hydrogen passenger trains in Germany, with maximum speeds of up to 160 km/h and 140 km/h, respectively.

The electro-diesel segment is expected to be the largest propulsion segment in the forecast

The electro-diesel segment is projected to be the largest during the forecast period. These trains are the most popular, and OEMs have been offering hybrid propulsion technologies incorporated with these diesel trains for a while now. This type of propulsion is more efficient than diesel locomotives as electro-diesel propulsion is efficient and 40% less polluting than conventional ones. They offer the optimum performance of conventional diesel as well as get power from the overhead wires or battery whenever necessary. As of 2020, many OEMs such as CRRC, Bombardier, Siemens, and Hyundai Rotem offer such electro-diesel trains.

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North America is expected to be the fastest-growing market during the forecast

The North American hybrid train market is expected to be the fastest. The region is home to Bombardier, Wabtec, and Cummins, which are among the major players in the hybrid train market. The growth in the region can be attributed to the increasing demand for hybrid trains in freight transportation. For instance, BNSF and Wabtec are getting ready to test their much-awaited 4,400 HP battery-electric locomotive, which has been under development since 2018. The testing is expected to begin in the last quarter of 2020. It is the first hybrid locomotive test for BNSF as its main-line freight transport. Also, in November 2019, San Bernardino County Transportation Authority (SBCTA), US, awarded a contract for a hydrogen-powered train to Stadler. It is the first hydrogen train contract in the country, and the train is expected to commence operations by 2024.

The Asia Oceania hybrid train market is projected to hold the largest share by 2030

Asia Oceania is projected to account for the largest share of the hybrid train market during the forecast period as it is home to renowned hybrid train manufacturers such as CRRC, Hyundai Rotem, and Toshiba, which offer advanced solutions in the region as well as all over the world. The Chinese and Indian railway industries are the prime reasons why the region is leading the global hybrid train market. These countries have a large and dense railway network, and they are trying to promote eco-friendly trains as well. Thus, the growing sales of electro-diesel trains in these countries will be driving the market in Asia Oceania. Japan and South Korea have developed, tested, and deployed some advanced hybrid trains. For instance, JR East, the largest passenger railway company in Japan, is planning to develop and test new hydrogen fuel cell-powered electric trains at the beginning of 2021. Apparently, the company will be spending around USD 37 million for the testing.

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