Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium), Application (Passenger and Freight), Operating Speed (Below 100 KM/H, 100–200 KM/H, And Above 200 KM/H), Service Power, Propulsion Region - Global Forecast to 2030
The global hybrid train market is projected to grow from 412 units in 2023 to 446 units by 2030, registering a CAGR of 1.1%. With a growing emphasis on environmental sustainability, energy efficiency, and the need to reduce carbon footprints, hybrid trains have emerged as a compelling solution to meet the challenges of modern rail transport. These advanced locomotives seamlessly integrate multiple power sources, combining the benefits of traditional diesel propulsion with electric and battery technologies. As urbanization accelerates and environmental concerns intensify, the hybrid train market is witnessing remarkable growth, not only revolutionizing the way we travel but also paving the way for a cleaner, greener, and more sustainable future in rail transportation.
“Urban Transit Passenger Trains to be the largest market during the forecast period.”
The global trend of urbanization has led to increased population density in cities. Urban transit trains are an efficient way to move many people within these urban areas, reducing traffic congestion and air pollution. Urban areas often suffer from traffic congestion, leading to significant delays and economic costs. Urban transit trains offer a solution by providing an alternative mode of transportation unaffected by road traffic.
Hybrid trains can operate both on electrified tracks within urban areas and on non-electrified tracks in suburban or rural areas. This flexibility allows transit systems to extend their reach beyond electrified zones while still benefiting from electric operation where possible. In November 2022, Iarnrуd Йireann (IЙ) received approval from the Government of Ireland to procure 90 new battery-electric train carriages from Alstom. The government has authorized a procurement framework for new train carriages in a USD 185 million contract. The Department of Transport will fund the train order, which will include 18 modern five-carriage battery-electric multiple units (BEMUS) through the National Transport Authority (NTA). This development will increase the demand for urban transit trains during the forecast period.
“Hybrid trains with speed below 100 KM/H are expected to grow at the fastest rate during the forecast period.”
Hybrid trains with speeds below 100 KM/H are expected to grow at the fastest rate during the forecast period. Hybrid trains include passenger trains and freight locomotives. Hybrid trains that usually travel short distances have an operating speed of less than 100 km/h. Some freight locomotives and passenger trains run at an operating speed of less than 100 km/h. Most of the hybrid trains such as urban transit trains are included in this operating speed range. Trains in this operating speed range are generally more efficient, as less power is required.
“Europe holds the largest market share during the forecast period.”
Europe is estimated to be the largest hybrid train market in the forecast period. With the development of infrastructure and the increasing adoption of hybrid trains in several countries, the global hybrid train market is anticipated to witness exponential growth in the coming years. Europe has been investing in electrified rail infrastructure, including overhead lines and charging stations, to support hybrid and electric trains. This infrastructure development makes it more feasible to operate hybrid trains across longer routes. Further, Europe presents a big growth opportunity for the hybrid train market as the safety and environment regulations have become stringent. These changes propel the market for testing and development of hybrid trains, which would further increase their demand. Germany is estimated to be the largest hybrid train market in the region. A vibrant R&D landscape and technological excellence justify its dominance in the field of connectivity, hybrid technology, and innovative railway applications. The country was the first to witness a hydrogen-powered passenger train. These factors collectively contribute to the growth and adoption of hybrid trains in the region.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
Research Coverage:
The market study covers the Hybrid Train Market by Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium And Others), Application (Passenger And Freight), Operating Speed (Below 100 KM/H, 100–200 KM/H, And Above 200 KM/H), Service Power (Less than 2000 KW, Between 2000 To 4000 KW And Above 4000 KW), Propulsion (Electro Diesel, Battery Electric, And Hydrogen Battery) and Region (Asia Oceania, Europe, North America, Middle East & Africa, Rest of the World). It also covers the competitive landscape and company profiles of the major players in the hybrid train market ecosystem.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hybrid train market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
“Urban Transit Passenger Trains to be the largest market during the forecast period.”
The global trend of urbanization has led to increased population density in cities. Urban transit trains are an efficient way to move many people within these urban areas, reducing traffic congestion and air pollution. Urban areas often suffer from traffic congestion, leading to significant delays and economic costs. Urban transit trains offer a solution by providing an alternative mode of transportation unaffected by road traffic.
Hybrid trains can operate both on electrified tracks within urban areas and on non-electrified tracks in suburban or rural areas. This flexibility allows transit systems to extend their reach beyond electrified zones while still benefiting from electric operation where possible. In November 2022, Iarnrуd Йireann (IЙ) received approval from the Government of Ireland to procure 90 new battery-electric train carriages from Alstom. The government has authorized a procurement framework for new train carriages in a USD 185 million contract. The Department of Transport will fund the train order, which will include 18 modern five-carriage battery-electric multiple units (BEMUS) through the National Transport Authority (NTA). This development will increase the demand for urban transit trains during the forecast period.
“Hybrid trains with speed below 100 KM/H are expected to grow at the fastest rate during the forecast period.”
Hybrid trains with speeds below 100 KM/H are expected to grow at the fastest rate during the forecast period. Hybrid trains include passenger trains and freight locomotives. Hybrid trains that usually travel short distances have an operating speed of less than 100 km/h. Some freight locomotives and passenger trains run at an operating speed of less than 100 km/h. Most of the hybrid trains such as urban transit trains are included in this operating speed range. Trains in this operating speed range are generally more efficient, as less power is required.
“Europe holds the largest market share during the forecast period.”
Europe is estimated to be the largest hybrid train market in the forecast period. With the development of infrastructure and the increasing adoption of hybrid trains in several countries, the global hybrid train market is anticipated to witness exponential growth in the coming years. Europe has been investing in electrified rail infrastructure, including overhead lines and charging stations, to support hybrid and electric trains. This infrastructure development makes it more feasible to operate hybrid trains across longer routes. Further, Europe presents a big growth opportunity for the hybrid train market as the safety and environment regulations have become stringent. These changes propel the market for testing and development of hybrid trains, which would further increase their demand. Germany is estimated to be the largest hybrid train market in the region. A vibrant R&D landscape and technological excellence justify its dominance in the field of connectivity, hybrid technology, and innovative railway applications. The country was the first to witness a hydrogen-powered passenger train. These factors collectively contribute to the growth and adoption of hybrid trains in the region.
In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.
- By Company Type: OEMs – 40%, Tier I – 42%, Tier II– 18%,
- By Designation: CXOs – 23%, Directors– 43%, Others– 34%
- By Region: Asia Oceania– 35%, Europe – 25%, North America– 20%, MEA–15%, ROW–5%
Research Coverage:
The market study covers the Hybrid Train Market by Hybrid Train Market by Battery Type (Lead Acid, Lithium-Ion, Sodium-Ion, Nickel Cadmium And Others), Application (Passenger And Freight), Operating Speed (Below 100 KM/H, 100–200 KM/H, And Above 200 KM/H), Service Power (Less than 2000 KW, Between 2000 To 4000 KW And Above 4000 KW), Propulsion (Electro Diesel, Battery Electric, And Hydrogen Battery) and Region (Asia Oceania, Europe, North America, Middle East & Africa, Rest of the World). It also covers the competitive landscape and company profiles of the major players in the hybrid train market ecosystem.
Key Benefits of the Report
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall hybrid train market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing stringency in emission norms, Rising demand for less polluting train operations and energy-efficient transport, Benefits of hybrid trains over conventional diesel trains, Increasing preference for railway-based public transport to reduce traffic congestion), restraints (High development costs and complexities in technologies and related infrastructure, Refurbishment of existing trains), opportunities (Development of hydrogen fuel cell locomotives, Development of battery operated trains, Retrofitting of diesel-electric trains), and challenges (Technical challenges related to lead-acid and lithium-ion batteries, High cost of charging infrastructure and replacement) influencing the growth of the hybrid train market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hybrid train market
- Market Development: Comprehensive information about lucrative markets – the report analyses the hybrid train market across varied regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hybrid train market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like CRRC (China), Alstom (France), Siemens (Germany), Wabtec Corporation (US), and Stadler Rail AG (Switzerland) among others in the hybrid train market Page 25 of 34 strategies. The report also helps stakeholders understand the pulse of the rolling stock market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 HYBRID TRAIN MARKET DEFINITION, BY BATTERY TYPE
TABLE 2 HYBRID TRAIN MARKET DEFINITION, BY APPLICATION
TABLE 3 HYBRID TRAIN MARKET DEFINITION, BY PROPULSION
TABLE 4 HYBRID TRAIN MARKET DEFINITION, BY OPERATING SPEED
TABLE 5 HYBRID TRAIN MARKET DEFINITION, BY SERVICE POWER
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 6 HYBRID TRAIN MARKET: INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HYBRID TRAIN MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 7 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HYBRID TRAIN MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary source
2.1.2.2 List of participating companies for primary research
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
2.1.2.3 Major objectives of primary research
2.1.2.4 Primary participants
2.2 MARKET ESTIMATION METHODOLOGY
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.3 MARKET SIZE ESTIMATION
FIGURE 6 HYBRID TRAIN MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 9 HYBRID TRAIN MARKET: RESEARCH DESIGN AND METHODOLOGY
2.4 DATA TRIANGULATION
FIGURE 10 HYBRID TRAIN MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
FIGURE 11 FACTORS IMPACTING HYBRID TRAIN MARKET
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.6 RECESSION IMPACT ANALYSIS
2.7 RESEARCH ASSUMPTIONS
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 12 HYBRID TRAIN MARKET OVERVIEW
FIGURE 13 HYBRID TRAIN MARKET, BY REGION, 2023–2030
FIGURE 14 HYBRID TRAIN MARKET PERFORMANCE IN 2023
FIGURE 15 PASSENGER SEGMENT TO LEAD HYBRID TRAIN MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID TRAIN MARKET
FIGURE 16 ADVANCEMENTS IN BATTERY TECHNOLOGY AND HYBRID PROPULSION SYSTEMS TO DRIVE MARKET
4.2 HYBRID TRAIN MARKET, BY APPLICATION
FIGURE 17 PASSENGER SEGMENT TO HOLD LARGER MARKET SHARE IN 2023
4.3 HYBRID TRAIN MARKET, BY OPERATING SPEED
FIGURE 18 HYBRID TRAINS WITH 100-200 KM/H OPERATING SPEED TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.4 HYBRID TRAIN MARKET, BY SERVICE POWER
FIGURE 19 ABOVE 4000 KW SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
4.5 HYBRID TRAIN MARKET, BY REGION
FIGURE 20 EUROPE TO LEAD HYBRID TRAIN MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 HYBRID TRAIN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing stringency in emission norms
5.2.1.1.1 Emissions standards issued by UIC
5.2.1.1.1.1 UIC 624-1
TABLE 8 EMISSIONS STANDARD, UIC 624-1
5.2.1.1.1.2 UIC 624-2
TABLE 9 EMISSIONS STANDARD, UIC 624-2
5.2.1.1.1.3 UIC 624-3
5.2.1.1.1.4 UIC 624-4
5.2.1.2 Rising demand for less polluting train operations and energy-efficient transport
FIGURE 22 RAIL OPERATORS TO ADDRESS EMISSIONS WITH 5 LEVELS
FIGURE 23 GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2000–2030
5.2.1.3 Benefits of hybrid trains over conventional diesel trains
FIGURE 24 CURRENT AND FUTURE EMISSION TECHNOLOGIES
5.2.1.4 Increasing preference for railway-based public transport to reduce traffic congestion
FIGURE 25 DRIVING TIME SPENT IN TRAFFIC CONGESTION IN US, 2022
5.2.2 RESTRAINTS
5.2.2.1 High development costs and complexities in technologies and related infrastructure
5.2.2.2 Refurbishment of existing trains
5.2.3 OPPORTUNITIES
5.2.3.1 Development of hydrogen fuel cell locomotives
FIGURE 26 PROTOTYPE OF HYDROGEN TRAIN
5.2.3.2 Development of battery-operated trains
FIGURE 27 BENEFITS OF USING BATTERIES IN RAIL FOR MAXIMUM OPERATIONAL FLEXIBILITY
5.2.3.3 Retrofitting of diesel-electric trains
5.2.4 CHALLENGES
5.2.4.1 Technical challenges related to lead-acid and lithium-ion batteries
FIGURE 28 COMPARISON OF BATTERY RECYCLING: LEAD-ACID VS. LITHIUM-ION
5.2.4.2 High cost of charging infrastructure development
TABLE 10 HYBRID TRAIN MARKET: IMPACT OF MARKET DYNAMICS
5.3 PRICING ANALYSIS
5.3.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PROPULSION, 2023
5.3.2 AVERAGE SELLING PRICE TRENDS, BY ELECTRO-DIESEL PROPULSION, BY REGION
FIGURE 29 AVERAGE SELLING PRICE TRENDS, BY ELECTRO-DIESEL PROPULSION, BY REGION, 2018–2023
5.4 ECOSYSTEM ANALYSIS
FIGURE 30 HYBRID TRAIN MARKET: ECOSYSTEM ANALYSIS
TABLE 11 HYBRID TRAIN MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES
TABLE 12 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
TABLE 13 REAL GDP GROWTH RATE (ANNUAL PERCENTAGE CHANGE AND FORECAST), BY MAJOR ECONOMIES, 2022–2026
TABLE 14 GDP PER CAPITA TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2022–2026 (USD BILLION)
5.6 VALUE CHAIN ANALYSIS
FIGURE 31 HYBRID TRAIN MARKET: VALUE CHAIN ANALYSIS
5.6.1 RESEARCH & DEVELOPMENT
5.6.2 PROCUREMENT OF RAW MATERIALS
5.6.3 PRODUCTION DEPARTMENT
5.6.4 FINAL ASSEMBLY AND TESTING
5.6.5 MAINTENANCE AND OVERHAUL
5.7 CASE STUDY ANALYSIS
5.7.1 DEVELOPMENT OF CLIMATE-NEUTRAL DRIVE SYSTEM FOR BRIDGING NON-ELECTRIFIED SUBSECTIONS OF LINE
5.7.2 GOLINC-M MODULES
5.7.3 ENVIRONMENTALLY FRIENDLY MONORAIL SYSTEM USED BY 70,000 RIDERS/DAY IN KOREAN METROPOLIS
5.7.4 SCOTTISH HYDROGEN TRAIN ON TRACK TO DELIVER CLIMATE TARGETS
5.7.5 FREIGHTLINER TO PROGRESS TOWARD LOW-EMISSION FUEL
5.8 PATENT ANALYSIS
TABLE 15 IMPORTANT PATENT REGISTRATIONS RELATED TO HYBRID TRAIN MARKET
5.9 TECHNOLOGY ANALYSIS
5.9.1 INTRODUCTION
5.9.2 REGENERATIVE BRAKING IN TRAINS
FIGURE 32 REGENERATIVE BRAKING SYSTEM IN TRAINS
5.9.3 AUTONOMOUS TRAINS
TABLE 16 LEVEL OF AUTONOMY FOR AUTONOMOUS TRAINS
5.9.4 USE OF FUEL CELLS FOR HEAVY-LOAD TRANSPORTATION
FIGURE 33 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016–2050
5.9.5 RAPID CHARGING TRAIN OPERATIONAL CONCEPTS FOR HYBRID HEAVY HAUL LOCOMOTIVES
5.9.6 DEVELOPMENT OF TRI-MODE HYBRID TRAINS
FIGURE 34 SPECIFICATIONS OF TRI-MODE BATTERY TRAIN
5.9.7 MITRAC PULSE TRACTION BATTERY
5.9.8 MRX NICKEL TECHNOLOGY BATTERY
5.10 KEY TRENDS IN ALTERNATE FUELS (PROPULSION/AUXILIARY)
5.10.1 CNG
5.10.2 LNG
5.10.3 HYDROGEN
5.10.4 SOLAR
5.11 TARIFF AND REGULATORY LANDSCAPE
5.11.1 US
5.11.2 EUROPE
TABLE 17 STANDARDS: RAIL TRACTION ENGINES (STAGE III A)
TABLE 18 STANDARDS: RAIL TRACTION ENGINES (STAGE III B)
5.11.3 INDIA
TABLE 19 DESIGN OF EQUIPMENT, SYSTEM, AND SUB-SYSTEMS TO COMPLY WITH FOLLOWING STANDARDS
5.11.4 SOUTH KOREA
5.11.5 CHINA
5.11.6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22 ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 TRADE ANALYSIS
5.12.1 US
FIGURE 35 US: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.2 CHINA
FIGURE 36 CHINA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.3 GERMANY
FIGURE 37 GERMANY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.4 UK
FIGURE 38 UK: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.5 FRANCE
FIGURE 39 FRANCE: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.6 INDIA
FIGURE 40 INDIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.7 ITALY
FIGURE 41 ITALY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.8 AUSTRIA
FIGURE 42 AUSTRIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.9 SWITZERLAND
FIGURE 43 SWITZERLAND: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.10 JAPAN
FIGURE 44 JAPAN: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.13 KEY CONFERENCES AND EVENTS IN 2023–2024
TABLE 24 HYBRID TRAIN MARKET: KEY CONFERENCES AND EVENTS
5.14 TRENDS AND DISRUPTIONS IMPACTING MARKET
FIGURE 45 REVENUE SOURCES FOR HYBRID TRAIN MARKET
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 46 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION
TABLE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION (%)
5.15.2 BUYING CRITERIA
FIGURE 47 KEY BUYING CRITERIA
TABLE 26 KEY BUYING CRITERIA
5.16 HYBRID TRAIN MARKET SCENARIO ANALYSIS
5.16.1 MOST LIKELY SCENARIO
TABLE 27 MOST LIKELY SCENARIO, BY REGION, 2023–2030 (UNITS)
5.16.2 OPTIMISTIC SCENARIO
TABLE 28 OPTIMISTIC SCENARIO, BY REGION, 2023–2030 (UNITS)
5.16.3 PESSIMISTIC SCENARIO
TABLE 29 PESSIMISTIC SCENARIO, BY REGION, 2023–2030 (UNITS)
5.17 DETAILS OF HYBRID TRAIN RAILWAY PROJECTS WORLDWIDE
TABLE 30 EUROPE: RAILWAY PROJECTS
TABLE 31 NORTH AMERICA: RAILWAY PROJECTS
TABLE 32 ASIA OCEANIA: RAILWAY PROJECTS
TABLE 33 REST OF THE WORLD: RAILWAY PROJECTS
6 HYBRID TRAIN MARKET, BY APPLICATION
6.1 INTRODUCTION
FIGURE 48 FREIGHT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 34 HYBRID TRAIN MARKET, BY APPLICATION, 2018–2022 (UNITS)
TABLE 35 HYBRID TRAIN MARKET, BY APPLICATION, 2023–2030 (UNITS)
TABLE 36 OEMS IN HYBRID TRAIN MARKET, BY APPLICATION
6.2 PASSENGER
TABLE 37 PASSENGER: HYBRID TRAIN MARKET, BY TRAIN TYPE, 2018–2022 (UNITS)
TABLE 38 PASSENGER: HYBRID TRAIN MARKET, BY TRAIN TYPE, 2023–2030 (UNITS)
6.2.1 LONG DISTANCE TRAIN
6.2.1.1 Increasing investment in high-speed rail infrastructure to drive growth
TABLE 39 LONG DISTANCE HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 40 LONG DISTANCE HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
6.2.2 URBAN TRANSIT TRAIN
6.2.2.1 Rising urbanization and traffic congestion to drive growth
TABLE 41 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 42 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
6.3 FREIGHT
6.3.1 DEVELOPMENT OF HYBRID TECHNOLOGIES TO DRIVE GROWTH
TABLE 43 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 44 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
6.4 KEY PRIMARY INSIGHTS
7 HYBRID TRAIN MARKET, BY SERVICE POWER
7.1 INTRODUCTION
FIGURE 49 BETWEEN 2000 TO 4000 KW SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 45 HYBRID TRAIN MARKET, BY SERVICE POWER, 2018–2022 (UNITS)
TABLE 46 HYBRID TRAIN MARKET, BY SERVICE POWER, 2023–2030 (UNITS)
7.2 LESS THAN 2000 KW
7.2.1 RISE IN DEMAND FOR URBAN TRANSIT TO DRIVE GROWTH
TABLE 47 LESS THAN 2000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 48 LESS THAN 2000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
7.3 BETWEEN 2000 TO 4000 KW
7.3.1 INCREASING DEMAND FOR HIGH-SPEED RAIL TO DRIVE GROWTH
TABLE 49 BETWEEN 2000 TO 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 50 BETWEEN 2000 TO 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
7.4 ABOVE 4000 KW
7.4.1 ADVANCEMENT IN PROPULSION TECHNOLOGY TO DRIVE GROWTH
TABLE 51 ABOVE 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 52 ABOVE 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
7.5 KEY PRIMARY INSIGHTS
8 HYBRID TRAIN MARKET, BY OPERATING SPEED
8.1 INTRODUCTION
FIGURE 50 100-200 KM/H SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 53 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2018–2022 (UNITS)
TABLE 54 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2023–2030 (UNITS)
8.2 BELOW 100 KM/H
8.2.1 DEVELOPMENT IN PROPULSION TECHNOLOGIES TO DRIVE GROWTH
TABLE 55 BELOW 100 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 56 BELOW 100 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
8.3 100–200 KM/H
8.3.1 ADVANCEMENTS IN HYDROGEN FUEL CELL AND BATTERY-OPERATED TRAINS TO DRIVE GROWTH
TABLE 57 100–200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 58 100–200 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
8.4 ABOVE 200 KM/H
8.4.1 INCREASE IN INVESTMENT FOR HIGH-SPEED RAIL TO DRIVE GROWTH
TABLE 59 ABOVE 200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 60 ABOVE 200 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
8.5 KEY PRIMARY INSIGHTS
9 HYBRID TRAIN MARKET, BY PROPULSION
9.1 INTRODUCTION
TABLE 61 DIFFERENCE BETWEEN ELECTRO-DIESEL, BATTERY-ELECTRIC, AND HYDROGEN-BATTERY HYBRID TRAINS
TABLE 62 HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 63 HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
TABLE 64 HYBRID TRAIN MODELS, BY PROPULSION
9.2 ELECTRO DIESEL
9.2.1 RISING DEMAND FOR ENERGY-EFFICIENT LOCOMOTIVES TO DRIVE GROWTH
TABLE 65 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 66 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
9.3 BATTERY ELECTRIC
9.3.1 CONTINUOUS DEVELOPMENTS IN BATTERY TECHNOLOGIES TO DRIVE GROWTH
9.4 HYDROGEN BATTERY
9.4.1 DEMAND FOR CLEAN TRANSPORTATION TO DRIVE GROWTH
9.5 KEY PRIMARY INSIGHTS
10 HYBRID TRAIN MARKET, BY BATTERY TYPE
10.1 INTRODUCTION
FIGURE 51 TYPES OF LITHIUM-ION BATTERIES
10.2 LEAD-ACID
10.3 LITHIUM-ION
FIGURE 52 LITHIUM-ION BATTERY USED IN REGIONAL BATTERY TRAIN
10.3.1 LITHIUM-TITANATE OXIDE (LTO)
10.3.2 LITHIUM IRON PHOSPHATE (LFP)
10.3.3 LITHIUM-NICKEL-MANGANESE-COBALT-OXIDE (NMC)
10.4 SODIUM-ION
10.5 NICKEL-CADMIUM
10.6 OTHERS
11 HYBRID TRAIN MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 53 EUROPE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 67 HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 68 HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
11.2 ASIA OCEANIA
11.2.1 RECESSION IMPACT ANALYSIS
FIGURE 54 ASIA OCEANIA: HYBRID TRAIN MARKET SNAPSHOT
TABLE 69 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 70 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.2.2 CHINA
11.2.2.1 Increase in demand for high-speed hybrid trains to drive growth
TABLE 71 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 72 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.3 JAPAN
11.2.3.1 Presence of leading hybrid train manufacturers to drive growth
TABLE 73 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 74 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.4 INDIA
11.2.4.1 Increasing railway electrification to drive growth
TABLE 75 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 76 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.5 SOUTH KOREA
11.2.5.1 Increase in infrastructure investments for hybrid trains to drive growth
TABLE 77 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 78 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.6 NEW ZEALAND
11.2.6.1 Rising number of railway projects to drive growth
TABLE 79 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 80 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.7 AUSTRALIA
11.2.7.1 Rise in government investment in railways sector to drive growth
TABLE 81 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 82 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3 EUROPE
11.3.1 RECESSION IMPACT ANALYSIS
FIGURE 55 GERMANY TO HOLD LARGEST MARKET SHARE IN EUROPE DURING FORECAST PERIOD
TABLE 83 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 84 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.3.2 FRANCE
11.3.2.1 Rising demand for less polluting trains to drive growth
TABLE 85 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 86 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.3 GERMANY
11.3.3.1 Increase in investment for upgrading railway infrastructure to drive growth
TABLE 87 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 88 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.4 ITALY
11.3.4.1 Increasing modernization and expansion of existing railway network to drive growth
TABLE 89 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 90 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.5 SPAIN
11.3.5.1 Increasing high-speed railway network and presence of reputed hybrid train manufacturers to drive growth
TABLE 91 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 92 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.6 AUSTRIA
11.3.6.1 Replacement of current diesel trains with electro-diesel trains to drive growth
TABLE 93 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 94 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.7 UK
11.3.7.1 Rise in government investment in emission-free transportation to drive growth
TABLE 95 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 96 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT ANALYSIS
FIGURE 56 NORTH AMERICA: HYBRID TRAIN MARKET SNAPSHOT
TABLE 97 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 98 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.4.2 US
11.4.2.1 Rising demand for hybrid freight trains to drive growth
TABLE 99 US: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 100 US: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.4.3 CANADA
11.4.3.1 Increasing passenger and freight transportation to drive growth
TABLE 101 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 102 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.4.4 MEXICO
11.4.4.1 Rising concerns about reduction in carbon emissions to drive growth
TABLE 103 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 104 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT ANALYSIS
FIGURE 57 EGYPT TO HOLD LARGEST MARKET SHARE IN MIDDLE EAST & AFRICA DURING FORECAST PERIOD
TABLE 105 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 106 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.5.2 SOUTH AFRICA
11.5.2.1 Rise in government spending on greener trains to drive growth
TABLE 107 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 108 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.5.3 UAE
11.5.3.1 Development in railway technologies to drive growth
TABLE 109 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 110 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.5.4 EGYPT
11.5.4.1 Government plans to invest in hybrid train lines for tourism to drive growth
TABLE 111 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 112 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.6 REST OF THE WORLD
FIGURE 58 RUSSIA TO HOLD LARGEST MARKET SHARE IN REST OF THE WORLD DURING FORECAST PERIOD
TABLE 113 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 114 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.6.1 BRAZIL
11.6.1.1 Rising electrification of existing networks to drive growth
TABLE 115 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 116 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.6.2 RUSSIA
11.6.2.1 Increasing demand for electro-diesel trains to drive growth
TABLE 117 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 118 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.6.3 ARGENTINA
11.6.3.1 Modernization of railway network to drive growth
TABLE 119 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 120 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
TABLE 121 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN HYBRID TRAIN MARKET
12.3 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2022
TABLE 122 MARKET SHARE ANALYSIS, 2022
FIGURE 59 HYBRID TRAIN MARKET SHARE ANALYSIS, 2022
12.3.1 CRRC
12.3.2 ALSTOM
12.3.3 SIEMENS
12.3.4 WABTEC CORPORATION
12.3.5 STADLER RAIL AG
12.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
FIGURE 60 TOP PUBLIC/LISTED PLAYERS IN HYBRID TRAIN MARKET IN LAST 5 YEARS
12.5 COMPETITIVE SCENARIO
12.5.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 123 PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2023
12.5.2 DEALS
TABLE 124 DEALS, 2021–2023
12.5.3 OTHERS
TABLE 125 OTHERS, 2021–2023
12.6 COMPANY EVALUATION MATRIX
12.6.1 STARS
12.6.2 PERVASIVE PLAYERS
12.6.3 EMERGING LEADERS
12.6.4 PARTICIPANTS
FIGURE 61 HYBRID TRAIN MARKET: COMPANY EVALUATION MATRIX, 2022
TABLE 126 HYBRID TRAIN MARKET: COMPANY REGION FOOTPRINT, 2022
TABLE 127 HYBRID TRAIN MARKET: COMPANY APPLICATION FOOTPRINT, 2022
TABLE 128 HYBRID TRAIN MARKET: COMPANY BATTERY TYPE FOOTPRINT, 2022
TABLE 129 HYBRID TRAIN MARKET: COMPANY PRODUCT, APPLICATION, AND REGION FOOTPRINT, 2022
12.7 STARTUP/SME EVALUATION MATRIX
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
FIGURE 62 HYBRID TRAIN MARKET: STARTUP/SME EVALUATION MATRIX, 2022
TABLE 130 HYBRID TRAIN MARKET: STARTUP/SME REGION FOOTPRINT, 2022
TABLE 131 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION FOOTPRINT, 2022
TABLE 132 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION AND REGION FOOTPRINT, 2022
13 COMPANY PROFILES
(Business overview, Products offered, Recent developments & MnM View)*
13.1 KEY PLAYERS
13.1.1 CRRC CORPORATION LIMITED (CRRC)
TABLE 133 CRRC: COMPANY OVERVIEW
FIGURE 63 CRRC: COMPANY SNAPSHOT
TABLE 134 CRRC: PRODUCTS OFFERED
TABLE 135 CRRC: PRODUCT DEVELOPMENTS
TABLE 136 CRRC: DEALS
13.1.2 ALSTOM
TABLE 137 ALSTOM: COMPANY OVERVIEW
FIGURE 64 ALSTOM: COMPANY SNAPSHOT
FIGURE 65 ALSTOM: NEW BUSINESS OPPORTUNITY SPACES
TABLE 138 ALSTOM: PRODUCTS OFFERED
TABLE 139 ALSTOM: PRODUCT DEVELOPMENTS
TABLE 140 ALSTOM: DEALS
TABLE 141 ALSTOM: OTHERS
13.1.3 SIEMENS
TABLE 142 SIEMENS: COMPANY OVERVIEW
FIGURE 66 SIEMENS: COMPANY SNAPSHOT
TABLE 143 SIEMENS: PRODUCTS OFFERED
TABLE 144 SIEMENS: PRODUCT DEVELOPMENTS
TABLE 145 SIEMENS: DEALS
TABLE 146 SIEMENS: OTHERS
13.1.4 WABTEC CORPORATION
TABLE 147 WABTEC CORPORATION: COMPANY OVERVIEW
FIGURE 67 WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 148 WABTEC CORPORATION: PRODUCTS OFFERED
TABLE 149 WABTEC CORPORATION: DEALS
TABLE 150 WABTEC CORPORATION: OTHERS
13.1.5 STADLER RAIL AG
TABLE 151 STADLER RAIL AG: COMPANY OVERVIEW
FIGURE 68 STADLER RAIL AG: COMPANY SNAPSHOT
TABLE 152 STADLER RAIL AG: PRODUCTS OFFERED
TABLE 153 STADLER RAIL AG: PRODUCT DEVELOPMENTS
TABLE 154 STADLER RAIL AG: DEALS
TABLE 155 STADLER RAIL AG: OTHERS
13.1.6 HYUNDAI ROTEM COMPANY
TABLE 156 HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
FIGURE 69 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
TABLE 157 HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
TABLE 158 HYUNDAI ROTEM COMPANY: PRODUCT DEVELOPMENTS
TABLE 159 HYUNDAI ROTEM COMPANY: DEALS
13.1.7 HITACHI, LTD.
TABLE 160 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 70 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 161 HITACHI, LTD.: PRODUCTS OFFERED
TABLE 162 HITACHI, LTD.: PRODUCT DEVELOPMENTS
TABLE 163 HITACHI, LTD.: DEALS
13.1.8 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)
TABLE 164 CAF: COMPANY OVERVIEW
FIGURE 71 CAF: COMPANY SNAPSHOT
TABLE 165 CAF: PRODUCTS OFFERED
TABLE 166 CAF: DEALS
13.1.9 TOSHIBA
TABLE 167 TOSHIBA: COMPANY OVERVIEW
FIGURE 72 TOSHIBA: COMPANY SNAPSHOT
TABLE 168 TOSHIBA: PRODUCTS OFFERED
TABLE 169 TOSHIBA: PRODUCT DEVELOPMENTS
TABLE 170 TOSHIBA: DEALS
13.1.10 CUMMINS INC.
TABLE 171 CUMMINS INC.: COMPANY OVERVIEW
FIGURE 73 CUMMINS INC.: COMPANY SNAPSHOT
TABLE 172 CUMMINS INC.: PRODUCTS OFFERED
TABLE 173 CUMMINS INC.: DEALS
13.1.11 ABB
TABLE 174 ABB: COMPANY OVERVIEW
FIGURE 74 ABB: COMPANY SNAPSHOT
TABLE 175 ABB: PRODUCTS OFFERED
TABLE 176 ABB: DEALS
TABLE 177 ABB: OTHERS
13.1.12 MITSUBISHI ELECTRIC CORPORATION
TABLE 178 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
FIGURE 75 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 179 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
TABLE 180 MITSUBISHI ELECTRIC CORPORATION: DEALS
13.1.13 TALGO
TABLE 181 TALGO: COMPANY OVERVIEW
FIGURE 76 TALGO: COMPANY SNAPSHOT
TABLE 182 TALGO: PRODUCTS OFFERED
TABLE 183 TALGO: DEALS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.2 OTHER KEY PLAYERS
13.2.1 BNSF
TABLE 184 BNSF: COMPANY OVERVIEW
13.2.2 BALLARD POWER SYSTEMS
TABLE 185 BALLARD POWER SYSTEMS: COMPANY OVERVIEW
13.2.3 CHART INDUSTRIES
TABLE 186 CHART INDUSTRIES: COMPANY OVERVIEW
13.2.4 RENFE OPERADORA
TABLE 187 RENFE OPERADORA: COMPANY OVERVIEW
13.2.5 SKODA TRANSPORTATION
TABLE 188 SKODA TRANSPORTATION: COMPANY OVERVIEW
13.2.6 DB CARGO
TABLE 189 DB CARGO: COMPANY OVERVIEW
13.2.7 SNCF
TABLE 190 SNCF: COMPANY OVERVIEW
13.2.8 ROLLS-ROYCE
TABLE 191 ROLLS-ROYCE: COMPANY OVERVIEW
13.2.9 THE KINKI SHARYO CO., LTD.
TABLE 192 THE KINKI SHARYO CO., LTD.: COMPANY OVERVIEW
13.2.10 KAWASAKI HEAVY INDUSTRIES
TABLE 193 KAWASAKI HEAVY INDUSTRIES: COMPANY OVERVIEW
13.2.11 ETIHAD RAIL
TABLE 194 ETIHAD RAIL: COMPANY OVERVIEW
13.2.12 SINARA TRANSPORT MACHINES
TABLE 195 SINARA TRANSPORT MACHINES: COMPANY OVERVIEW
13.2.13 TRANSMASHHOLDING
TABLE 196 TRANSMASHHOLDING: COMPANY OVERVIEW
13.2.14 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG
TABLE 197 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG: COMPANY OVERVIEW
14 RECOMMENDATIONS BY MARKETSANDMARKETS
14.1 NORTH AMERICA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
14.2 INCREASING RAILWAY ELECTRIFICATION NETWORK TO DRIVE DEMAND FOR ELECTRO-DIESEL TRAINS
14.3 UPCOMING TRI-MODE TRAIN TECHNOLOGY TO OFFER MARKET GROWTH OPPORTUNITIES
14.4 CONCLUSION
15 APPENDIX
15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
TABLE 1 HYBRID TRAIN MARKET DEFINITION, BY BATTERY TYPE
TABLE 2 HYBRID TRAIN MARKET DEFINITION, BY APPLICATION
TABLE 3 HYBRID TRAIN MARKET DEFINITION, BY PROPULSION
TABLE 4 HYBRID TRAIN MARKET DEFINITION, BY OPERATING SPEED
TABLE 5 HYBRID TRAIN MARKET DEFINITION, BY SERVICE POWER
1.2.1 INCLUSIONS AND EXCLUSIONS
TABLE 6 HYBRID TRAIN MARKET: INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 HYBRID TRAIN MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
TABLE 7 CURRENCY EXCHANGE RATES
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 HYBRID TRAIN MARKET: RESEARCH DESIGN
FIGURE 3 RESEARCH DESIGN MODEL
2.1.1 SECONDARY DATA
2.1.1.1 List of key secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary source
2.1.2.2 List of participating companies for primary research
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY, DESIGNATION, AND REGION
2.1.2.3 Major objectives of primary research
2.1.2.4 Primary participants
2.2 MARKET ESTIMATION METHODOLOGY
FIGURE 5 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.3 MARKET SIZE ESTIMATION
FIGURE 6 HYBRID TRAIN MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 9 HYBRID TRAIN MARKET: RESEARCH DESIGN AND METHODOLOGY
2.4 DATA TRIANGULATION
FIGURE 10 HYBRID TRAIN MARKET: DATA TRIANGULATION
2.5 FACTOR ANALYSIS
FIGURE 11 FACTORS IMPACTING HYBRID TRAIN MARKET
2.5.1 FACTOR ANALYSIS FOR MARKET SIZING: DEMAND AND SUPPLY SIDES
2.6 RECESSION IMPACT ANALYSIS
2.7 RESEARCH ASSUMPTIONS
2.8 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 12 HYBRID TRAIN MARKET OVERVIEW
FIGURE 13 HYBRID TRAIN MARKET, BY REGION, 2023–2030
FIGURE 14 HYBRID TRAIN MARKET PERFORMANCE IN 2023
FIGURE 15 PASSENGER SEGMENT TO LEAD HYBRID TRAIN MARKET IN 2023
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID TRAIN MARKET
FIGURE 16 ADVANCEMENTS IN BATTERY TECHNOLOGY AND HYBRID PROPULSION SYSTEMS TO DRIVE MARKET
4.2 HYBRID TRAIN MARKET, BY APPLICATION
FIGURE 17 PASSENGER SEGMENT TO HOLD LARGER MARKET SHARE IN 2023
4.3 HYBRID TRAIN MARKET, BY OPERATING SPEED
FIGURE 18 HYBRID TRAINS WITH 100-200 KM/H OPERATING SPEED TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
4.4 HYBRID TRAIN MARKET, BY SERVICE POWER
FIGURE 19 ABOVE 4000 KW SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
4.5 HYBRID TRAIN MARKET, BY REGION
FIGURE 20 EUROPE TO LEAD HYBRID TRAIN MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 HYBRID TRAIN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing stringency in emission norms
5.2.1.1.1 Emissions standards issued by UIC
5.2.1.1.1.1 UIC 624-1
TABLE 8 EMISSIONS STANDARD, UIC 624-1
5.2.1.1.1.2 UIC 624-2
TABLE 9 EMISSIONS STANDARD, UIC 624-2
5.2.1.1.1.3 UIC 624-3
5.2.1.1.1.4 UIC 624-4
5.2.1.2 Rising demand for less polluting train operations and energy-efficient transport
FIGURE 22 RAIL OPERATORS TO ADDRESS EMISSIONS WITH 5 LEVELS
FIGURE 23 GLOBAL CO2 EMISSIONS FROM DIFFERENT TRANSPORT SEGMENTS, 2000–2030
5.2.1.3 Benefits of hybrid trains over conventional diesel trains
FIGURE 24 CURRENT AND FUTURE EMISSION TECHNOLOGIES
5.2.1.4 Increasing preference for railway-based public transport to reduce traffic congestion
FIGURE 25 DRIVING TIME SPENT IN TRAFFIC CONGESTION IN US, 2022
5.2.2 RESTRAINTS
5.2.2.1 High development costs and complexities in technologies and related infrastructure
5.2.2.2 Refurbishment of existing trains
5.2.3 OPPORTUNITIES
5.2.3.1 Development of hydrogen fuel cell locomotives
FIGURE 26 PROTOTYPE OF HYDROGEN TRAIN
5.2.3.2 Development of battery-operated trains
FIGURE 27 BENEFITS OF USING BATTERIES IN RAIL FOR MAXIMUM OPERATIONAL FLEXIBILITY
5.2.3.3 Retrofitting of diesel-electric trains
5.2.4 CHALLENGES
5.2.4.1 Technical challenges related to lead-acid and lithium-ion batteries
FIGURE 28 COMPARISON OF BATTERY RECYCLING: LEAD-ACID VS. LITHIUM-ION
5.2.4.2 High cost of charging infrastructure development
TABLE 10 HYBRID TRAIN MARKET: IMPACT OF MARKET DYNAMICS
5.3 PRICING ANALYSIS
5.3.1 AVERAGE SELLING PRICE TRENDS OF KEY PLAYERS, BY PROPULSION, 2023
5.3.2 AVERAGE SELLING PRICE TRENDS, BY ELECTRO-DIESEL PROPULSION, BY REGION
FIGURE 29 AVERAGE SELLING PRICE TRENDS, BY ELECTRO-DIESEL PROPULSION, BY REGION, 2018–2023
5.4 ECOSYSTEM ANALYSIS
FIGURE 30 HYBRID TRAIN MARKET: ECOSYSTEM ANALYSIS
TABLE 11 HYBRID TRAIN MARKET: ROLE OF COMPANIES IN ECOSYSTEM
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECASTS FOR MAJOR ECONOMIES
TABLE 12 GDP TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
TABLE 13 REAL GDP GROWTH RATE (ANNUAL PERCENTAGE CHANGE AND FORECAST), BY MAJOR ECONOMIES, 2022–2026
TABLE 14 GDP PER CAPITA TRENDS AND FORECASTS, BY MAJOR ECONOMIES, 2022–2026 (USD BILLION)
5.6 VALUE CHAIN ANALYSIS
FIGURE 31 HYBRID TRAIN MARKET: VALUE CHAIN ANALYSIS
5.6.1 RESEARCH & DEVELOPMENT
5.6.2 PROCUREMENT OF RAW MATERIALS
5.6.3 PRODUCTION DEPARTMENT
5.6.4 FINAL ASSEMBLY AND TESTING
5.6.5 MAINTENANCE AND OVERHAUL
5.7 CASE STUDY ANALYSIS
5.7.1 DEVELOPMENT OF CLIMATE-NEUTRAL DRIVE SYSTEM FOR BRIDGING NON-ELECTRIFIED SUBSECTIONS OF LINE
5.7.2 GOLINC-M MODULES
5.7.3 ENVIRONMENTALLY FRIENDLY MONORAIL SYSTEM USED BY 70,000 RIDERS/DAY IN KOREAN METROPOLIS
5.7.4 SCOTTISH HYDROGEN TRAIN ON TRACK TO DELIVER CLIMATE TARGETS
5.7.5 FREIGHTLINER TO PROGRESS TOWARD LOW-EMISSION FUEL
5.8 PATENT ANALYSIS
TABLE 15 IMPORTANT PATENT REGISTRATIONS RELATED TO HYBRID TRAIN MARKET
5.9 TECHNOLOGY ANALYSIS
5.9.1 INTRODUCTION
5.9.2 REGENERATIVE BRAKING IN TRAINS
FIGURE 32 REGENERATIVE BRAKING SYSTEM IN TRAINS
5.9.3 AUTONOMOUS TRAINS
TABLE 16 LEVEL OF AUTONOMY FOR AUTONOMOUS TRAINS
5.9.4 USE OF FUEL CELLS FOR HEAVY-LOAD TRANSPORTATION
FIGURE 33 TIMELINE OF FUEL CELL MASS MARKET ACCEPTABILITY IN TRANSPORTATION SECTOR, 2016–2050
5.9.5 RAPID CHARGING TRAIN OPERATIONAL CONCEPTS FOR HYBRID HEAVY HAUL LOCOMOTIVES
5.9.6 DEVELOPMENT OF TRI-MODE HYBRID TRAINS
FIGURE 34 SPECIFICATIONS OF TRI-MODE BATTERY TRAIN
5.9.7 MITRAC PULSE TRACTION BATTERY
5.9.8 MRX NICKEL TECHNOLOGY BATTERY
5.10 KEY TRENDS IN ALTERNATE FUELS (PROPULSION/AUXILIARY)
5.10.1 CNG
5.10.2 LNG
5.10.3 HYDROGEN
5.10.4 SOLAR
5.11 TARIFF AND REGULATORY LANDSCAPE
5.11.1 US
5.11.2 EUROPE
TABLE 17 STANDARDS: RAIL TRACTION ENGINES (STAGE III A)
TABLE 18 STANDARDS: RAIL TRACTION ENGINES (STAGE III B)
5.11.3 INDIA
TABLE 19 DESIGN OF EQUIPMENT, SYSTEM, AND SUB-SYSTEMS TO COMPLY WITH FOLLOWING STANDARDS
5.11.4 SOUTH KOREA
5.11.5 CHINA
5.11.6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22 ASIA OCEANIA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 TRADE ANALYSIS
5.12.1 US
FIGURE 35 US: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.2 CHINA
FIGURE 36 CHINA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.3 GERMANY
FIGURE 37 GERMANY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.4 UK
FIGURE 38 UK: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.5 FRANCE
FIGURE 39 FRANCE: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.6 INDIA
FIGURE 40 INDIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.7 ITALY
FIGURE 41 ITALY: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.8 AUSTRIA
FIGURE 42 AUSTRIA: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.9 SWITZERLAND
FIGURE 43 SWITZERLAND: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.12.10 JAPAN
FIGURE 44 JAPAN: IMPORT AND EXPORT DATA FOR RAILWAYS AND TRAMWAYS, LOCOMOTIVES, ROLLING STOCK, AND PARTS, 2018–2022 (USD MILLION)
5.13 KEY CONFERENCES AND EVENTS IN 2023–2024
TABLE 24 HYBRID TRAIN MARKET: KEY CONFERENCES AND EVENTS
5.14 TRENDS AND DISRUPTIONS IMPACTING MARKET
FIGURE 45 REVENUE SOURCES FOR HYBRID TRAIN MARKET
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 46 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION
TABLE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR HYBRID TRAINS, BY PROPULSION (%)
5.15.2 BUYING CRITERIA
FIGURE 47 KEY BUYING CRITERIA
TABLE 26 KEY BUYING CRITERIA
5.16 HYBRID TRAIN MARKET SCENARIO ANALYSIS
5.16.1 MOST LIKELY SCENARIO
TABLE 27 MOST LIKELY SCENARIO, BY REGION, 2023–2030 (UNITS)
5.16.2 OPTIMISTIC SCENARIO
TABLE 28 OPTIMISTIC SCENARIO, BY REGION, 2023–2030 (UNITS)
5.16.3 PESSIMISTIC SCENARIO
TABLE 29 PESSIMISTIC SCENARIO, BY REGION, 2023–2030 (UNITS)
5.17 DETAILS OF HYBRID TRAIN RAILWAY PROJECTS WORLDWIDE
TABLE 30 EUROPE: RAILWAY PROJECTS
TABLE 31 NORTH AMERICA: RAILWAY PROJECTS
TABLE 32 ASIA OCEANIA: RAILWAY PROJECTS
TABLE 33 REST OF THE WORLD: RAILWAY PROJECTS
6 HYBRID TRAIN MARKET, BY APPLICATION
6.1 INTRODUCTION
FIGURE 48 FREIGHT SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 34 HYBRID TRAIN MARKET, BY APPLICATION, 2018–2022 (UNITS)
TABLE 35 HYBRID TRAIN MARKET, BY APPLICATION, 2023–2030 (UNITS)
TABLE 36 OEMS IN HYBRID TRAIN MARKET, BY APPLICATION
6.2 PASSENGER
TABLE 37 PASSENGER: HYBRID TRAIN MARKET, BY TRAIN TYPE, 2018–2022 (UNITS)
TABLE 38 PASSENGER: HYBRID TRAIN MARKET, BY TRAIN TYPE, 2023–2030 (UNITS)
6.2.1 LONG DISTANCE TRAIN
6.2.1.1 Increasing investment in high-speed rail infrastructure to drive growth
TABLE 39 LONG DISTANCE HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 40 LONG DISTANCE HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
6.2.2 URBAN TRANSIT TRAIN
6.2.2.1 Rising urbanization and traffic congestion to drive growth
TABLE 41 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 42 URBAN TRANSIT HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
6.3 FREIGHT
6.3.1 DEVELOPMENT OF HYBRID TECHNOLOGIES TO DRIVE GROWTH
TABLE 43 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 44 FREIGHT: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
6.4 KEY PRIMARY INSIGHTS
7 HYBRID TRAIN MARKET, BY SERVICE POWER
7.1 INTRODUCTION
FIGURE 49 BETWEEN 2000 TO 4000 KW SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 45 HYBRID TRAIN MARKET, BY SERVICE POWER, 2018–2022 (UNITS)
TABLE 46 HYBRID TRAIN MARKET, BY SERVICE POWER, 2023–2030 (UNITS)
7.2 LESS THAN 2000 KW
7.2.1 RISE IN DEMAND FOR URBAN TRANSIT TO DRIVE GROWTH
TABLE 47 LESS THAN 2000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 48 LESS THAN 2000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
7.3 BETWEEN 2000 TO 4000 KW
7.3.1 INCREASING DEMAND FOR HIGH-SPEED RAIL TO DRIVE GROWTH
TABLE 49 BETWEEN 2000 TO 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 50 BETWEEN 2000 TO 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
7.4 ABOVE 4000 KW
7.4.1 ADVANCEMENT IN PROPULSION TECHNOLOGY TO DRIVE GROWTH
TABLE 51 ABOVE 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 52 ABOVE 4000 KW: HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
7.5 KEY PRIMARY INSIGHTS
8 HYBRID TRAIN MARKET, BY OPERATING SPEED
8.1 INTRODUCTION
FIGURE 50 100-200 KM/H SEGMENT TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 53 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2018–2022 (UNITS)
TABLE 54 HYBRID TRAIN MARKET, BY OPERATING SPEED, 2023–2030 (UNITS)
8.2 BELOW 100 KM/H
8.2.1 DEVELOPMENT IN PROPULSION TECHNOLOGIES TO DRIVE GROWTH
TABLE 55 BELOW 100 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 56 BELOW 100 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
8.3 100–200 KM/H
8.3.1 ADVANCEMENTS IN HYDROGEN FUEL CELL AND BATTERY-OPERATED TRAINS TO DRIVE GROWTH
TABLE 57 100–200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 58 100–200 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
8.4 ABOVE 200 KM/H
8.4.1 INCREASE IN INVESTMENT FOR HIGH-SPEED RAIL TO DRIVE GROWTH
TABLE 59 ABOVE 200 KM/H HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 60 ABOVE 200 KM/H HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
8.5 KEY PRIMARY INSIGHTS
9 HYBRID TRAIN MARKET, BY PROPULSION
9.1 INTRODUCTION
TABLE 61 DIFFERENCE BETWEEN ELECTRO-DIESEL, BATTERY-ELECTRIC, AND HYDROGEN-BATTERY HYBRID TRAINS
TABLE 62 HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 63 HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
TABLE 64 HYBRID TRAIN MODELS, BY PROPULSION
9.2 ELECTRO DIESEL
9.2.1 RISING DEMAND FOR ENERGY-EFFICIENT LOCOMOTIVES TO DRIVE GROWTH
TABLE 65 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 66 ELECTRO DIESEL-PROPELLED HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
9.3 BATTERY ELECTRIC
9.3.1 CONTINUOUS DEVELOPMENTS IN BATTERY TECHNOLOGIES TO DRIVE GROWTH
9.4 HYDROGEN BATTERY
9.4.1 DEMAND FOR CLEAN TRANSPORTATION TO DRIVE GROWTH
9.5 KEY PRIMARY INSIGHTS
10 HYBRID TRAIN MARKET, BY BATTERY TYPE
10.1 INTRODUCTION
FIGURE 51 TYPES OF LITHIUM-ION BATTERIES
10.2 LEAD-ACID
10.3 LITHIUM-ION
FIGURE 52 LITHIUM-ION BATTERY USED IN REGIONAL BATTERY TRAIN
10.3.1 LITHIUM-TITANATE OXIDE (LTO)
10.3.2 LITHIUM IRON PHOSPHATE (LFP)
10.3.3 LITHIUM-NICKEL-MANGANESE-COBALT-OXIDE (NMC)
10.4 SODIUM-ION
10.5 NICKEL-CADMIUM
10.6 OTHERS
11 HYBRID TRAIN MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 53 EUROPE TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 67 HYBRID TRAIN MARKET, BY REGION, 2018–2022 (UNITS)
TABLE 68 HYBRID TRAIN MARKET, BY REGION, 2023–2030 (UNITS)
11.2 ASIA OCEANIA
11.2.1 RECESSION IMPACT ANALYSIS
FIGURE 54 ASIA OCEANIA: HYBRID TRAIN MARKET SNAPSHOT
TABLE 69 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 70 ASIA OCEANIA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.2.2 CHINA
11.2.2.1 Increase in demand for high-speed hybrid trains to drive growth
TABLE 71 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 72 CHINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.3 JAPAN
11.2.3.1 Presence of leading hybrid train manufacturers to drive growth
TABLE 73 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 74 JAPAN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.4 INDIA
11.2.4.1 Increasing railway electrification to drive growth
TABLE 75 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 76 INDIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.5 SOUTH KOREA
11.2.5.1 Increase in infrastructure investments for hybrid trains to drive growth
TABLE 77 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 78 SOUTH KOREA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.6 NEW ZEALAND
11.2.6.1 Rising number of railway projects to drive growth
TABLE 79 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 80 NEW ZEALAND: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.2.7 AUSTRALIA
11.2.7.1 Rise in government investment in railways sector to drive growth
TABLE 81 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 82 AUSTRALIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3 EUROPE
11.3.1 RECESSION IMPACT ANALYSIS
FIGURE 55 GERMANY TO HOLD LARGEST MARKET SHARE IN EUROPE DURING FORECAST PERIOD
TABLE 83 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 84 EUROPE: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.3.2 FRANCE
11.3.2.1 Rising demand for less polluting trains to drive growth
TABLE 85 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 86 FRANCE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.3 GERMANY
11.3.3.1 Increase in investment for upgrading railway infrastructure to drive growth
TABLE 87 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 88 GERMANY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.4 ITALY
11.3.4.1 Increasing modernization and expansion of existing railway network to drive growth
TABLE 89 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 90 ITALY: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.5 SPAIN
11.3.5.1 Increasing high-speed railway network and presence of reputed hybrid train manufacturers to drive growth
TABLE 91 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 92 SPAIN: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.6 AUSTRIA
11.3.6.1 Replacement of current diesel trains with electro-diesel trains to drive growth
TABLE 93 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 94 AUSTRIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.3.7 UK
11.3.7.1 Rise in government investment in emission-free transportation to drive growth
TABLE 95 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 96 UK: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.4 NORTH AMERICA
11.4.1 RECESSION IMPACT ANALYSIS
FIGURE 56 NORTH AMERICA: HYBRID TRAIN MARKET SNAPSHOT
TABLE 97 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 98 NORTH AMERICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.4.2 US
11.4.2.1 Rising demand for hybrid freight trains to drive growth
TABLE 99 US: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 100 US: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.4.3 CANADA
11.4.3.1 Increasing passenger and freight transportation to drive growth
TABLE 101 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 102 CANADA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.4.4 MEXICO
11.4.4.1 Rising concerns about reduction in carbon emissions to drive growth
TABLE 103 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 104 MEXICO: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.5 MIDDLE EAST & AFRICA
11.5.1 RECESSION IMPACT ANALYSIS
FIGURE 57 EGYPT TO HOLD LARGEST MARKET SHARE IN MIDDLE EAST & AFRICA DURING FORECAST PERIOD
TABLE 105 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 106 MIDDLE EAST & AFRICA: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.5.2 SOUTH AFRICA
11.5.2.1 Rise in government spending on greener trains to drive growth
TABLE 107 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 108 SOUTH AFRICA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.5.3 UAE
11.5.3.1 Development in railway technologies to drive growth
TABLE 109 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 110 UAE: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.5.4 EGYPT
11.5.4.1 Government plans to invest in hybrid train lines for tourism to drive growth
TABLE 111 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 112 EGYPT: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.6 REST OF THE WORLD
FIGURE 58 RUSSIA TO HOLD LARGEST MARKET SHARE IN REST OF THE WORLD DURING FORECAST PERIOD
TABLE 113 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2018–2022 (UNITS)
TABLE 114 REST OF THE WORLD: HYBRID TRAIN MARKET, BY COUNTRY, 2023–2030 (UNITS)
11.6.1 BRAZIL
11.6.1.1 Rising electrification of existing networks to drive growth
TABLE 115 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 116 BRAZIL: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.6.2 RUSSIA
11.6.2.1 Increasing demand for electro-diesel trains to drive growth
TABLE 117 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 118 RUSSIA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
11.6.3 ARGENTINA
11.6.3.1 Modernization of railway network to drive growth
TABLE 119 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2018–2022 (UNITS)
TABLE 120 ARGENTINA: HYBRID TRAIN MARKET, BY PROPULSION, 2023–2030 (UNITS)
12 COMPETITIVE LANDSCAPE
12.1 OVERVIEW
12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
TABLE 121 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN HYBRID TRAIN MARKET
12.3 MARKET SHARE ANALYSIS FOR KEY PLAYERS, 2022
TABLE 122 MARKET SHARE ANALYSIS, 2022
FIGURE 59 HYBRID TRAIN MARKET SHARE ANALYSIS, 2022
12.3.1 CRRC
12.3.2 ALSTOM
12.3.3 SIEMENS
12.3.4 WABTEC CORPORATION
12.3.5 STADLER RAIL AG
12.4 REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022
FIGURE 60 TOP PUBLIC/LISTED PLAYERS IN HYBRID TRAIN MARKET IN LAST 5 YEARS
12.5 COMPETITIVE SCENARIO
12.5.1 PRODUCT LAUNCHES/DEVELOPMENTS
TABLE 123 PRODUCT LAUNCHES/DEVELOPMENTS, 2021–2023
12.5.2 DEALS
TABLE 124 DEALS, 2021–2023
12.5.3 OTHERS
TABLE 125 OTHERS, 2021–2023
12.6 COMPANY EVALUATION MATRIX
12.6.1 STARS
12.6.2 PERVASIVE PLAYERS
12.6.3 EMERGING LEADERS
12.6.4 PARTICIPANTS
FIGURE 61 HYBRID TRAIN MARKET: COMPANY EVALUATION MATRIX, 2022
TABLE 126 HYBRID TRAIN MARKET: COMPANY REGION FOOTPRINT, 2022
TABLE 127 HYBRID TRAIN MARKET: COMPANY APPLICATION FOOTPRINT, 2022
TABLE 128 HYBRID TRAIN MARKET: COMPANY BATTERY TYPE FOOTPRINT, 2022
TABLE 129 HYBRID TRAIN MARKET: COMPANY PRODUCT, APPLICATION, AND REGION FOOTPRINT, 2022
12.7 STARTUP/SME EVALUATION MATRIX
12.7.1 PROGRESSIVE COMPANIES
12.7.2 RESPONSIVE COMPANIES
12.7.3 DYNAMIC COMPANIES
12.7.4 STARTING BLOCKS
FIGURE 62 HYBRID TRAIN MARKET: STARTUP/SME EVALUATION MATRIX, 2022
TABLE 130 HYBRID TRAIN MARKET: STARTUP/SME REGION FOOTPRINT, 2022
TABLE 131 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION FOOTPRINT, 2022
TABLE 132 HYBRID TRAIN MARKET: STARTUP/SME APPLICATION AND REGION FOOTPRINT, 2022
13 COMPANY PROFILES
(Business overview, Products offered, Recent developments & MnM View)*
13.1 KEY PLAYERS
13.1.1 CRRC CORPORATION LIMITED (CRRC)
TABLE 133 CRRC: COMPANY OVERVIEW
FIGURE 63 CRRC: COMPANY SNAPSHOT
TABLE 134 CRRC: PRODUCTS OFFERED
TABLE 135 CRRC: PRODUCT DEVELOPMENTS
TABLE 136 CRRC: DEALS
13.1.2 ALSTOM
TABLE 137 ALSTOM: COMPANY OVERVIEW
FIGURE 64 ALSTOM: COMPANY SNAPSHOT
FIGURE 65 ALSTOM: NEW BUSINESS OPPORTUNITY SPACES
TABLE 138 ALSTOM: PRODUCTS OFFERED
TABLE 139 ALSTOM: PRODUCT DEVELOPMENTS
TABLE 140 ALSTOM: DEALS
TABLE 141 ALSTOM: OTHERS
13.1.3 SIEMENS
TABLE 142 SIEMENS: COMPANY OVERVIEW
FIGURE 66 SIEMENS: COMPANY SNAPSHOT
TABLE 143 SIEMENS: PRODUCTS OFFERED
TABLE 144 SIEMENS: PRODUCT DEVELOPMENTS
TABLE 145 SIEMENS: DEALS
TABLE 146 SIEMENS: OTHERS
13.1.4 WABTEC CORPORATION
TABLE 147 WABTEC CORPORATION: COMPANY OVERVIEW
FIGURE 67 WABTEC CORPORATION: COMPANY SNAPSHOT
TABLE 148 WABTEC CORPORATION: PRODUCTS OFFERED
TABLE 149 WABTEC CORPORATION: DEALS
TABLE 150 WABTEC CORPORATION: OTHERS
13.1.5 STADLER RAIL AG
TABLE 151 STADLER RAIL AG: COMPANY OVERVIEW
FIGURE 68 STADLER RAIL AG: COMPANY SNAPSHOT
TABLE 152 STADLER RAIL AG: PRODUCTS OFFERED
TABLE 153 STADLER RAIL AG: PRODUCT DEVELOPMENTS
TABLE 154 STADLER RAIL AG: DEALS
TABLE 155 STADLER RAIL AG: OTHERS
13.1.6 HYUNDAI ROTEM COMPANY
TABLE 156 HYUNDAI ROTEM COMPANY: COMPANY OVERVIEW
FIGURE 69 HYUNDAI ROTEM COMPANY: COMPANY SNAPSHOT
TABLE 157 HYUNDAI ROTEM COMPANY: PRODUCTS OFFERED
TABLE 158 HYUNDAI ROTEM COMPANY: PRODUCT DEVELOPMENTS
TABLE 159 HYUNDAI ROTEM COMPANY: DEALS
13.1.7 HITACHI, LTD.
TABLE 160 HITACHI, LTD.: COMPANY OVERVIEW
FIGURE 70 HITACHI, LTD.: COMPANY SNAPSHOT
TABLE 161 HITACHI, LTD.: PRODUCTS OFFERED
TABLE 162 HITACHI, LTD.: PRODUCT DEVELOPMENTS
TABLE 163 HITACHI, LTD.: DEALS
13.1.8 CONSTRUCCIONES Y AUXILIAR DE FERROCARRILES (CAF)
TABLE 164 CAF: COMPANY OVERVIEW
FIGURE 71 CAF: COMPANY SNAPSHOT
TABLE 165 CAF: PRODUCTS OFFERED
TABLE 166 CAF: DEALS
13.1.9 TOSHIBA
TABLE 167 TOSHIBA: COMPANY OVERVIEW
FIGURE 72 TOSHIBA: COMPANY SNAPSHOT
TABLE 168 TOSHIBA: PRODUCTS OFFERED
TABLE 169 TOSHIBA: PRODUCT DEVELOPMENTS
TABLE 170 TOSHIBA: DEALS
13.1.10 CUMMINS INC.
TABLE 171 CUMMINS INC.: COMPANY OVERVIEW
FIGURE 73 CUMMINS INC.: COMPANY SNAPSHOT
TABLE 172 CUMMINS INC.: PRODUCTS OFFERED
TABLE 173 CUMMINS INC.: DEALS
13.1.11 ABB
TABLE 174 ABB: COMPANY OVERVIEW
FIGURE 74 ABB: COMPANY SNAPSHOT
TABLE 175 ABB: PRODUCTS OFFERED
TABLE 176 ABB: DEALS
TABLE 177 ABB: OTHERS
13.1.12 MITSUBISHI ELECTRIC CORPORATION
TABLE 178 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW
FIGURE 75 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 179 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS OFFERED
TABLE 180 MITSUBISHI ELECTRIC CORPORATION: DEALS
13.1.13 TALGO
TABLE 181 TALGO: COMPANY OVERVIEW
FIGURE 76 TALGO: COMPANY SNAPSHOT
TABLE 182 TALGO: PRODUCTS OFFERED
TABLE 183 TALGO: DEALS
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.2 OTHER KEY PLAYERS
13.2.1 BNSF
TABLE 184 BNSF: COMPANY OVERVIEW
13.2.2 BALLARD POWER SYSTEMS
TABLE 185 BALLARD POWER SYSTEMS: COMPANY OVERVIEW
13.2.3 CHART INDUSTRIES
TABLE 186 CHART INDUSTRIES: COMPANY OVERVIEW
13.2.4 RENFE OPERADORA
TABLE 187 RENFE OPERADORA: COMPANY OVERVIEW
13.2.5 SKODA TRANSPORTATION
TABLE 188 SKODA TRANSPORTATION: COMPANY OVERVIEW
13.2.6 DB CARGO
TABLE 189 DB CARGO: COMPANY OVERVIEW
13.2.7 SNCF
TABLE 190 SNCF: COMPANY OVERVIEW
13.2.8 ROLLS-ROYCE
TABLE 191 ROLLS-ROYCE: COMPANY OVERVIEW
13.2.9 THE KINKI SHARYO CO., LTD.
TABLE 192 THE KINKI SHARYO CO., LTD.: COMPANY OVERVIEW
13.2.10 KAWASAKI HEAVY INDUSTRIES
TABLE 193 KAWASAKI HEAVY INDUSTRIES: COMPANY OVERVIEW
13.2.11 ETIHAD RAIL
TABLE 194 ETIHAD RAIL: COMPANY OVERVIEW
13.2.12 SINARA TRANSPORT MACHINES
TABLE 195 SINARA TRANSPORT MACHINES: COMPANY OVERVIEW
13.2.13 TRANSMASHHOLDING
TABLE 196 TRANSMASHHOLDING: COMPANY OVERVIEW
13.2.14 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG
TABLE 197 INTAMIN BAHNTECHNIK UND BETRIEBS-MBH & CO. KG: COMPANY OVERVIEW
14 RECOMMENDATIONS BY MARKETSANDMARKETS
14.1 NORTH AMERICA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
14.2 INCREASING RAILWAY ELECTRIFICATION NETWORK TO DRIVE DEMAND FOR ELECTRO-DIESEL TRAINS
14.3 UPCOMING TRI-MODE TRAIN TECHNOLOGY TO OFFER MARKET GROWTH OPPORTUNITIES
14.4 CONCLUSION
15 APPENDIX
15.1 KEY INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILS
