Press release
Hybrid Train Market Size, Share, Trends, Drivers, Competition Landscape, Research And Global Industry Analysis 2027
Industry Definition and Application:
A hybrid train represents a locomotive transportation medium that is powered by an onboard rechargeable energy storage system (RESS) in combination with other fuel, including diesel. It is located between the power source and traction transmission system that is directly connected with wheels to encourage smooth operations. Furthermore, a hybrid train uses several energy-storing devices, such as flywheels, supercapacitors, batteries, etc., to sustain additional energy produced from regenerative braking. It is more eco-friendly, emission-free, noise-free, etc., than conventional fuel trains. Presently, a hybrid train is commercially available in compressed natural gas (CNG), solar-powered, battery-operated, and electro-diesel propulsion variants.
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What are the major drivers for the hybrid train market?
The widespread product adoption as a sustainable, cost-effective, and reliable mode of transportation, owing to the increasing scarcity of natural resources, is primarily driving the hybrid train market. Additionally, the growing number of construction activities to strengthen transportation infrastructures and the rising railway connectivity are also catalyzing the market growth. Besides this, the launch of various favorable policies by the government bodies across countries to promote the use of alternative fuel-powered trains, such as hybrid trains that meet the required emission and efficiency standards, is acting as another significant growth-inducing factor.
Moreover, lithium-ion batteries are extensively utilized in hybrid trains to ensure minimal power consumption, improved voltage capacity, longer charge retention, etc., which is positively influencing the global market. Apart from this, the emerging trend of green transportation solutions is anticipated to fuel the hybrid train market over the forecasted period.
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Report Segmentation:
The report has segmented the market on the basis of region, propulsion type, operating speed and application.
Breakup by Propulsion Type:
• Electro-Diesel
• Battery Operated
• Hydrogen Powered
• Gas Powered
• Solar Powered
Breakup by Operating Speed:
• Below 100 Km/h
• 100-200 Km/h
• Above 200 Km/h
Breakup by Application:
• Passenger
• Freight
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
• Alstom SA
• Ballard Power Systems Inc.
• Construcciones y Auxiliar de Ferrocarriles
• CRRC Corporation Limited
• The Kinki Sharyo Co. Ltd.
• Toshiba Infrastructure Systems & Solutions Corporation
• Hitachi Ltd.
• Rolls-Royce Holdings plc
• Siemens AG
• Stadler Rail AG
• Vivarail Ltd.
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