Press release
Solar Powered Train Market Size, Share, Growth, Trends, and Forecast, 2019 - 2027
- Solar energy can be considered a major renewable source of energy. It can be used as a source of energy in trains.
- Solar powered trains are powered by placing photovoltaic panels close to or on rail lines. These photovoltaic panels are able to generate considerable amount of electricity that could trigger traction current to enable trains in moving forward.
- Train can quickly get recharged using electricity by a static solar panel at each stop, as it follows a straight and fixed route
- The idea of attaching solar panels to railway sleepers on roof is also gaining considerable traction in the industry, as it potentially allows for solar photovoltaic panels to work on long routes at relatively low costs
- The basic principle of solar powered train is to use energy stored in battery systems during and after charging it from roof mounted solar panels. The energy from charged storage batteries is used to drive the engine and move the train in forward direction.
- Development of solar powered train with onboard energy storage capability via solar and electrical energy offers significant reduction in energy consumption compared to conventional electrified train with an overhead power feeding system
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=74931
Key Drivers of Global Solar Powered Train Market
- Increase in concerns about carbon emission across the globe due to conventional railways and efficiency offered by this mode of transport is boosting the global solar powered train market
- Rail networks and infrastructure facilities in major cities across the world have expanded substantially over the years. Additionally, increase in investments made by numerous governments across the globe to develop railway infrastructure has created opportunities for train manufacturers to expand their geographical presence.
- Solar powered trains can provide several financial benefits to rail networks that are currently relying on grids. Lack of funds and rapid attainment of full capacity of grids are making it harder to generate electricity from renewable sources to power the railways.
- Rail freight has risen steadily over the past 20 years. It continues to rise in most countries, according to the International Energy Agency (IEA). Rail uses almost 90% less energy than trucks per unit of freight. Thus, rise in global rail freight is anticipated to propel the solar powered trains market during the forecast period.
- Increase in demand for energy across the globe has led to exploration of new sources of energy. This is likely to drive the global solar powered train market.
Request COVID-19 Impacts Analysis Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=74931
Restraints of Solar Powered Train Market
- Replacement of existing steam & diesel engines in trains powered by conventional fossil fuels with solar powered systems can be cost intensive, as systems need to be changed without affecting the operational hours. Furthermore, investment costs of these plants differ from one region to another, depending on solar intensity and its uniformity.
- Approximate cost of a solar panel is up to US$ 1,500 per kW capacity. However, the final price is calculated as per the panels and storage capacities required. Hence, the overall cost of solar panels is high. Lack of domestic production facilities of solar hardware units in many developing countries is one of the major reasons for the high cost of solar panels.
Request Special Discount on Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=74931
Major Developments
- Bankset Energy Corporation announced plans to install solar PV on railway sleepers across the globe. The company also revealed that the first installation took place in Switzerland and work is underway on projects in many countries such as Germany, the U.K., France, the U.S., China, and Italy. Furthermore, the company aims to install solar PV on railway sleepers in Austria and Spain.
- In July 2019, Riding Sunbeams collaborated with Network Rail to use solar panels to power trains in Southeast England in order to leverage renewable energy and reduce its carbon footprint. It also launched the first pilot scheme for solar powered trains.
- In July 2017, Indian Railways, under the concept 'Make in India,' launched the first solar powered DEMU (diesel electrical multiple unit) train from the Safdarjung railway station in Delhi. The train runs from Sarai Rohilla in Delhi to Farukh Nagar in Haryana. This train has total of 16 solar panels, with combined capacity of 4800 Wp, all these panels are fitted in six coaches.
Asia Pacific to Offer Growth Opportunities to Solar Powered Train Market
- Based on region, the global solar powered train market can be divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
- Asia Pacific is likely to dominate the market, as it possess a strong rail network, especially in countries such as China and India
- The route network of Indian Railways is spread over 115,000 km, with 12,617 passenger trains and 7,421 freight trains running each day from 7,349 stations plying 23 million travelers and 3 million tons (MT) of freight daily. Furthermore, India's railway network is recognized as one of the largest railway systems in the world under single management.
- Rapid growth in economy in China is encouraging the train network to improve transport systems in the country and make them more ecofriendly. Use of solar powered trains for large scale run could be a major breakthrough.
Buy Now - https://www.transparencymarketresearch.com/checkout.php?rep_id=74931<ype=S
Contact Us:
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
About Us:
Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for several decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Solar Powered Train Market Size, Share, Growth, Trends, and Forecast, 2019 - 2027 here
News-ID: 2560003 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Solar
Biohybrid Solar Cell Market Professional Survey Report 2022 - Jinko Solar, JA SO …
The Biohybrid Solar Cell Market Report 2022 provides a comprehensive analysis of observable trends and projections. This research shows how to attract a large number of customers. Our certified crew of economists, researchers, and advisers has made further attempts in projecting the global industry by utilising accredited global Biohybrid Solar Cell market information tools as well as various instruments and ways to successfully review and get information. The research argues…
Home Solar Power System Market Size, Share, Trends, Growth - Tesla, Panasonic So …
The Global Home Solar Power System Market study includes new innovations, market dynamics, strategic profiling in terms of the future market strategies and shares for the subsectors of the industry. This research consists of details related to the size of the industries, the major players, markets, sales volume and value. This study offers a detail data on the historical data pointers as well as forecasts by region/country for the sectors…
Solar PV Module Market Outlook To 2024 - Trina Solar, Canadian Solar Inc., JA So …
Solar PV module market from utility sector has witnessed a substantial growth globally in recent years. In the first quarter of the year, Vietnam's Ministry of Industry and Trade have talked about their FiT scheme related to utility-based solar power projects. Ongoing electrification programs and incentives benefit pertaining to grid connected power generation is surging the demand for on-grid solar PV modules. On-grid connection represented 55% of the overall solar…
Solar Simulator Market Distribution Channel 2019: Spire Solar, Solar Energy Inte …
Solar Simulator Market report aims to examine the developments of market including its market improvements, developments, positions and others.
This report on the Solar Simulator market offers explanatory knowledge on the market parts like dominating players, drivers and restraints, production, revenue, consumption, import and export, and the most effective development within the organization size, deployment type, inside, segmentation comprised throughout this analysis, also major the players have used various strategies such…
Solar PV Module Market By Key Vendors: Trina Solar, Canadian Solar Inc., JA Sola …
UK solar PV module market is set to expand owing to government initiatives towards sustainable energy integration. The export tariff introduced by the UK government facilitates USD 0.06 per unit for the surplus electricity injected back to the grid by the generator. Favorable government reforms with ambitious plan towards carbon footprint reduction will further boost the business outlook.
Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1563
Solar PV Module Market size…
Global Solar Thermal Market 2016 Abengoa Solar, SUPCON Solar, Solar Euromed
Global Solar Thermal Market Research Report
The MRS Research Group Solar Thermal report by QY Research represents an inclusive evaluation of the Solar Thermal Market and comprises considerable insights, historical data, facts,and statistical and industry-validated data of the global market.Additionally,it consists of estimated data that is evaluated with the help of suitable set of methodologies and assumptions.The MRS Research Group report research highlights informative data and in-depth analysis of Solar Thermal…
